The latest report titled “Styrene Production Cost” by Procurement Resource a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Styrene.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Styrene production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Styrene Production Process:
1. Styrene Production From Dehydrogenation: This report provides thorough economics of styrene production across styrene manufacturing plants via dehydrogenation. At first, fresh Ethylbenzene, which has been recycled, undergoes heat treatment up to a certain temperature after it has been combined with steam in a heat exchanger. This mixture yields a hot effluent that helps the mixture’s preheating significantly. Later, the condensed reactor is segregated to condensate, vent gas, and crude styrene, from which the crude styrene gets refined using a distillation train resulting in styrene.
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Product Definition:
Styrene is primarily a synthetic chemical which is also known as vinylbenzene, ethenylbenzene, cinnamene, and phenylethylene. The product is a monomer which gets included mostly in products including synthetic rubber, paints, and plastics. In appearance, it looks like a colourless liquid with a slight and sweet smell but turns sharp and unpleasant when composed with other chemicals. It is also very flammable in nature.
Market Drivers:
The Styrene industry is advancing forward due to its employment in the production of materials that find application in the manufacturing sector across several end-user industries. It is a standard material that is widely used for applications like recreational equipment, manufacturing packaging, toys, safety helmets, and consumer electronics that boost the market growth. Also, it helps facilitate the production of styrene-butadiene rubber (SBR), latexes, and elastomers, which further the market expansion. It is also included in many industrial products such as belts, tyres, machinery hoses etc., which gives the market a further push.
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