Potassium Oxalate Manufacturing Plant Project Report 2024

About the Report

The Expert Market Research report, titled “Potassium Oxalate Manufacturing Plant Project Report 2024 Edition: Industry Trends, Capital Investment, Price Trends, Manufacturing Process, Raw Materials Requirement, Plant Setup, Operating Cost, and Revenue Statistics,” provides an in-depth and comprehensive examination of the financial and operational aspects of establishing potassium oxalate plant.

The report is the result of extensive primary and secondary research, offering a detailed analysis of current market trends. It profiles key industry players, giving insights into their market strategies, production capacities, and financial performance, which are crucial for benchmarking and competitive analysis.

It delves into historical, current, and forecasted price trends, helping stakeholders understand market dynamics and price volatility. The report provides a thorough analysis of the mass balance and raw materials requirements, ensuring a clear understanding of the input-output ratios essential for efficient production. Detailed examinations of the various unit operations integral to the potassium oxalate manufacturing process are included, highlighting process optimisation techniques and technological advancements.

The report presents a comprehensive capital cost analysis, detailing the financial investment required for setting up a potassium oxalate plant. This includes an exhaustive breakdown of costs associated with raw materials, catchem, utilities, labour, packaging, transportation, land acquisition, construction, and machinery. Additionally, it offers an in-depth look at the operating costs, providing clarity on the recurring expenses involved in running the plant.

Projected profit margins and optimal product pricing strategies are outlined, offering guidance on maximising profitability. The report also addresses regulatory frameworks, environmental impacts, and sustainability measures pertinent to the potassium oxalate industry.

About Potassium Oxalate

Potassium oxalate is a chemical compound with the formula K2C2O4. This compound is used in textile industry, where it serves as a reducing agent. It is also employed in the production of certain dyes and pigments. In the medical field, potassium oxalate is used in the treatment of kidney stones, as it can help dissolve calcium oxalate crystals. Additionally, it is used in the formulation of some topical skin care products. When used as directed, potassium oxalate is considered a relatively safe compound. However, it can be toxic in large doses, so proper handling and storage procedures should be followed.

Properties of Potassium Oxalate

Potassium oxalate is a colourless, odourless, crystalline powder that is soluble in water. It has a molecular formula of K2C2O4 and a molar mass of 184.23 g/mol. The physical properties of potassium oxalate include a melting point of 310°C (590°F), a boiling point at which it decomposes before reaching, and a density of 2.13 g/cm cube. It is soluble in water and slightly soluble in alcohol. Chemically, potassium oxalate is a strong dicarboxylic acid found in many plants and vegetables, and it is a salt of oxalic acid and potassium. It is a reducing agent and can also be used as a bleaching agent.

Manufacturing Process of Potassium Oxalate

The production of potassium oxalate begins by mixing potassium hydroxide and oxalic acid in a reaction vessel along with process water. This mixture is then heated, which facilitates the chemical reaction between the potassium hydroxide and oxalic acid to form potassium oxalate. After the reaction is complete, the potassium oxalate solution is cooled, allowing the potassium oxalate to crystallise out of the solution. The potassium oxalate crystals are then filtered out of the solution. The filtered potassium oxalate crystals are then dried to remove any remaining moisture. Once dried, the potassium oxalate crystals are packaged for distribution and sale. The overall yield of potassium oxalate crystals from this manufacturing process is typically around 10 grams.

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Synthesis of Potassium Oxalate

Below are the detailed steps of producing potassium oxalate:

1. Preparation of Calcium Oxalate

Calcium chloride reacts with sodium oxalate to form calcium oxalate and sodium chloride.

Chemical Equation: CaCl2 + Na2C2O4 → CaC2O4↓ + 2NaCl

2. Conversion of Calcium Oxalate to Oxalic Acid

Calcium oxalate is treated with sulfuric acid to form oxalic acid and calcium sulfate.

Chemical Equation: CaC2O4 + H2SO4 → H2C2O4 + CaSO4↓

3. Formation of Potassium Oxalate

Oxalic acid reacts with potassium hydroxide to form potassium oxalate and water.

Chemical Equation: H2C2O4 + 2KOH → K2C2O4 + 2H2O

Applications and Drivers of Potassium Oxalate

Potassium oxalate (K2C2O4) has numerous applications across various industries. In the pharmaceutical industry, it is used as a raw material in the production of certain drugs and medications, such as antidepressants and anti-inflammatory drugs. In the textile industry, potassium oxalate serves as a dye fixative and mordant, improving the colour fastness and durability of textile dyes. It is also used in photography as a toning agent, enhancing the contrast and tone of photographic images. Additionally, potassium oxalate is a precursor in chemical synthesis and is used in industrial processes, such as glass and ceramic manufacturing. These diverse applications contribute to its significant demand across multiple sectors.

Key Features of the Potassium Oxalate Production Cost Report:

This production cost analysis report by Expert Market Research scrutinises the potassium oxalate manufacturing process, offering a comprehensive overview necessary for stakeholders considering venturing into this sector. Based on the latest economic data, the report encompasses detailed insights into the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing strategies, and profit margins. This report is an indispensable resource for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the potassium oxalate industry. It equips them with essential information and strategic insights to effectively navigate the complexities of the market.

The following sections detail the comprehensive scope of the prefeasibility report for a potassium oxalate production plant:

• Market Dynamics and Trends: This section analyses the prevailing market conditions, growth drivers, and trends impacting the potassium oxalate industry. It offers a thorough examination of demand fluctuations and projections.

• Geographic Analysis: Detailed insights into the major regions active in potassium oxalate production and consumption, highlighting regional market specifics and growth potential.

• Key Industry Players: Profiles of leading manufacturers in the potassium oxalate sector, outlining their market share, strategic positions, and operational strengths.

• Price Fluctuations: Analysis of historical, current, and projected price trends, providing stakeholders with essential pricing intelligence.

• Technical Specifications and Process Description: A detailed overview of the potassium oxalate production process including the technology used and innovations within the industry.

• Raw Material Requirements and Sourcing: Evaluation of necessary raw materials, their sourcing strategies, and cost implications.

• Utility Requirements and Costs: Detailed analysis of utilities needed to produce potassium oxalate, such as electricity, steam, and process water along with their cost assessments. 

• Labour Force Dynamics: Insights into manpower requirements, including skill specifications and labour cost projections.

• Packaging Needs: Overview of packaging requirements for potassium oxalate to ensure product integrity and cost efficiency.

• Logistics and Transportation: Examination of transportation needs and logistics planning for distribution and supply chain efficiency.

• Capital and Operating Costs: An in-depth look at investment requirements, including land acquisition and its development cost, civil work costs, construction, machinery procurement, and ongoing operational expenses, such as salaries and wages, plant overheads, tax and insurance as well as packaging, transportation, and administration costs.

• Financial Performance and Profitability Analysis: Projected profit margins and return on investment based on current market and operational parameters.

• Product Pricing Strategy: Recommendations on pricing mechanisms based on industry benchmarks and production costs.

• Environmental Impact and Regulatory Compliance: Analysis of environmental considerations and compliance with local and international regulations.

• Risk Assessment and Mitigation Strategies: Identification of potential risks associated with potassium oxalate production and strategies to mitigate them.

Key Questions Addressed:

• What are the detailed unit operations for potassium oxalate production?

• Who are major technology licensors with their process evaluation?

• How are raw materials or catchem procured and what are their cost implications?

• What utilities are essential for production and what will they cost?

• What are the labour requirements and how does this affect operational costs?

• What packaging solutions are optimal for cost and efficiency?

• What logistical arrangements are necessary for efficient product distribution?

• What are the estimated land and construction costs for a new potassium oxalate plant?

• How can profitability be maximised in the potassium oxalate market?

• What pricing strategy should be adopted for potassium oxalate to remain competitive?

This prefeasibility report aims to equip potential investors and existing manufacturers with crucial insights to make informed decisions in the potassium oxalate industry.