The latest report titled “kerosene production cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Kerosene.
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, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing 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, including Kerosene manufacturing process, that might influence Kerosene manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Kerosene, also known as paraffin or lamp oil, is a flammable hydrocarbon liquid obtained from petroleum. It is extensively utilised as a fuel in aviation and households. A highly refined form of kerosene named RP-1 is mainly employed to power jet engines of aircraft and a few rocket engines. It is also generally utilised for cooking, lighting fuel, and fire toys like poi. Kerosene is low in viscosity and is a clear liquid produced from hydrocarbons derived from the fractional distillation of petroleum. The smoke from kerosene consists of an extreme level of hazardous particulate matter, and hence household usage of kerosene is linked to greater risks of cancer, respiratory infections, asthma, tuberculosis, cataract, and harmful pregnancy results.
Market Drivers:
The increasing demand for kerosene, specifically in emerging countries, plays an important part in propelling the growth of the kerosene market. Additionally, the increase in crude oil prices and the rising industrial sector are other key reasons that are anticipated to encourage the market’s revenue growth in the upcoming years. Moreover, the use of kerosene in wick-fed lamps, lanterns, and heaters since it gives smokeless and fragrance-free flame is also proving to be a factor helping in the development of the market. Other important power applications of kerosene that are helping in the augmentation of the market are generators, pumps, and engines. Owing to its significant uses in the agricultural sector, like powering farm equipment, drying crops, and pest control, the kerosene market is anticipated to develop further in the near future. The expansion of the construction sector and increasing urbanisation are driving the market demand. Besides, some of the high-end properties of kerosene, like low freezing point and high flashpoint, are fuelling the market demand.
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