The latest report titled “Lithium Iodide Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Lithium Iodide.
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 Lithium Iodide production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Lithium Iodide Production Process:
- From Chemical Reaction of Lithium Hydroxide with hydroiodic Acid: This report presents the detailed production methodology and cost analysis of Lithium Iodide industrial production across Lithium Iodide manufacturing plants. The process begins with the generation of hydroiodic acid through the reaction between hydrogen sulfide and iodine. This acid, in combination with lithium hydroxide, is employed to produce lithium iodide trihydrate as the resulting compound. Subsequently, the resultant material undergoes dehydration under vacuum and gradual heating, culminating in the production of anhydrous lithium iodide as the ultimate product.
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Product Definition:
Lithium iodide (LiI) is a chemical compound composed of lithium, an alkali metal, and iodine, a halogen. It typically exists as a white crystalline solid and is highly soluble in water. Lithium iodide finds applications in various fields, notably in the production of certain types of batteries, such as lithium-ion batteries. As a hygroscopic material, lithium iodide is also used in air conditioning systems as a desiccant, effectively absorbing moisture. In addition to its role in batteries and humidity control, lithium iodide is utilized in some chemical and pharmaceutical processes. While it has applications in specific industries, it's important to handle lithium iodide with caution due to the toxicity of iodine. The compound contributes to advancements in energy storage technologies and plays a role in maintaining controlled environments in certain applications.
Market Drivers:
The market drivers for lithium iodide are principally anchored in its applications within the energy storage and humidity control sectors. Lithium iodide plays a significant role in the production of lithium-ion batteries, a burgeoning market driven by the increasing demand for electric vehicles, portable electronics, and renewable energy storage. Its use as a desiccant in air conditioning systems, leveraging its hygroscopic properties, contributes to the growing market for humidity control solutions. As the focus on clean energy and efficient technologies intensifies, the demand for lithium iodide in these sectors is likely to rise. However, market dynamics are influenced by factors such as raw material availability, technological advancements in battery storage, and evolving environmental regulations. Overall, the versatile applications of lithium iodide position it as a key component in addressing contemporary challenges related to energy and environmental sustainability.
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