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Production and Market of Glyoxalic Acid in China
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Production and Market of Glyoxalic Acid in China

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"Glyoxalic acid is a kind of basic organic chemical material. Bourbonal and vanillin, made of glyoxalic acid, are widely used in the flavoring agent and fixative of cosmetics, essence of daily-use …

"Glyoxalic acid is a kind of basic organic chemical material. Bourbonal and vanillin, made of glyoxalic acid, are widely used in the flavoring agent and fixative of cosmetics, essence of daily-use chemicals. Allantoin, another downstream product for glyoxalic acid, is used as healer for wound, additive for cosmetics and plant growth regulator. It is also used in the field of medicine. P-hydroxylphenylglycine, which is an important medical intermediate and is widely used to produce lactam series antibiotic such as syncillin and cephalosporin series medical product, is also made of glyoxalic. A downstream product of glyoxalic acid, p-Hydroxyphenylacetamide is widely used to produce Atenolol, a kind of hypertension medicine.

Driven by the huge demand of its downstream products, the recent output of glyoxalic acid in China is increasing all the time, and the product quality is also improving greatly. More and more overseas companies start to import glyoxalic acid from China, with export volume increasing rapidly. However, the export volume decreased to 6,125 tonnes in 2007, accounting for about 13% of China’s glyoxalic acid output, and that’s because the consumption of GA in domestic market was increasing rapidly, and as the capacity of GA in China is growing and the quality is improving, the export volume of GA will increase again rapidly. But the impact of this trend only limit to the large-scale glyoxalic acid producers that master the technology of high purity products, while for the minor enterprises, which can only produce ordinary glyoxalic acid, it is hard for them to get more benefits from export.

Affected by the price of its raw material and the supply and demand situation of its downstream products, the price of glyoxalic acid is undergoing great changes recently and it is estimated that the situation will continue for a long time.

Because of environmental reasons, the production situation will undergo even huge changes in the future, and many glyoxalic acid producers will have to upgrade their production line to ensure their competitive advantages.

The detailed and in-depth analysis of China’s glyoxalic acid production and market situations are discussed in this report.
"

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  • 1. CCMData & Primary Intelligence Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com Tel: +86-20-3761 6606 Fax: +86-20-3761 6968 A Unique Market Study by CCM Chemicals Production and Market of Glyoxalic acid in China Researched & Prepared by: . Guangzhou CCM Information Science and Technology Co., Ltd. Guangzhou, P. R. China Apr 2008 Copyright by Guangzhou CCM Information Science and Technology Co., Ltd. (P. R. China) Any publication, distribution or copying of the content in this report is prohibited. Website: http://www.cnchemicals.com Tel: +86-20-3761 6606 Fax: +86-20-3761 6968 Email: econtact@cnchemicals.com
  • 2. CCMData & Primary Intelligence Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com Tel: +86-20-3761 6606 Fax: +86-20-3761 6968 Description: Glyoxalic acid is a kind of basic organic chemical material. Bourbonal and vanillin, made of glyoxalic acid, are widely used in the flavoring agent and fixative of cosmetics, essence of daily-use chemicals. Allantoin, another downstream product for glyoxalic acid, is used as healer for wound, additive for cosmetics and plant growth regulator. It is also used in the field of medicine. P-hydroxylphenylglycine, which is an important medical intermediate and is widely used to produce lactam series antibiotic such as syncillin and cephalosporin series medical product, is also made of glyoxalic. A downstream product of glyoxalic acid, p-Hydroxyphenylacetamide is widely used to produce Atenolol, a kind of hypertension medicine. Driven by the huge demand of its downstream products, the recent output of glyoxalic acid in China is increasing all the time, and the product quality is also improving greatly. More and more overseas companies start to import glyoxalic acid from China, with export volume increasing rapidly. However, the export volume decreased to 6,125 tonnes in 2007, accounting for about 13% of China’s glyoxalic acid output, and that’s because the consumption of GA in domestic market was increasing rapidly, and as the capacity of GA in China is growing and the quality is improving, the export volume of GA will increase again rapidly. But the impact of this trend only limit to the large-scale glyoxalic acid producers that master the technology of high purity products, while for the minor enterprises, which can only produce ordinary glyoxalic acid, it is hard for them to get more benefits from export. Affected by the price of its raw material and the supply and demand situation of its downstream products, the price of glyoxalic acid is undergoing great changes recently and it is estimated that the situation will continue for a long time. Because of environmental reasons, the production situation will undergo even huge changes in the future, and many glyoxalic acid producers will have to upgrade their production line to ensure their competitive advantages. The detailed and in-depth analysis of China’s glyoxalic acid production and market situations are discussed in this report. Main content: No. Content Page Executive summary 0 Introduction and methodology 0 I Development history in China 1 II The industry nowadays in China 2 II-1 Current production situation 2 II-2 Raw material supply situation 7 II-3 Import and export analysis in 2005~2007 11 III Price and its influencing factors 15
  • 3. CCMData & Primary Intelligence Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com Tel: +86-20-3761 6606 Fax: +86-20-3761 6968 III-1 Historic pricing and current pricing 15 III-2 Factors resulting in pricing changes 15 IV Consumption pattern 17 IV-1 Analysis of applications 17 IV-2 Brief introduction to major end use segments 17 IV-2.1 Vanillin 17 IV-2.2 P-hydroxylphenylglycine 18 IV-2.3 DL-P-hydroxy Phenylhydantoin 19 IV-2.4 Allantoin 19 IV-2.5 2-hydroxyl-phosphine acetic acid 20 IV-2.6 Others 21 V Brief Introduction to Production technology 22 V-1 Different Pathways/Methods in China 22 V-2 Manufacturing cost 25 VI Future forecast 26 VI-1 Key factors and driving forces 26 VI-2 Quantities forecasts of market in the next 5 years 27 VII Conclusion 29 VIII Appendix: Profiles of active manufacturers 30 VIII-1.1 Shanghai Guangyu Fine Chemical Co., Ltd 30 .... 0 VIII-1.26 Beijing Northern Leader Chemical Science & Technology Co.,Ltd 77 Executive summary: (Note: The following summary is based on the situation in 2007 and maybe different to what it is nowadays. Please be noted.) • Production of GA Glyoxylic acid industry has developed rapidly in China in the past few years. The actual output was less than 1,000 tonnes in 2002, while after 4 years' development, the output reached xxxx tonnes (calculated by 40%) in 2006. Currently there are xxx active Glyoxylic acid producers in China with the total capacity of xxxx ts/a in 2007. The top 12 producers produced xxxx tonnes Glyoxylic acid (calculated by 40%) in 2006, accounting for 76.51% of the total output in the domestic market. Shanghai Guangyu and Taixing Yuandong are the top two players of GA in China , and their actual outputs of GA reached xxx tonnes and xxx tonnes, accounting for 15.27% and 9.32% of the total output respectively in 2006 . The GA production mainly concentrates in Hubei , Hebei , Jiangsu and Shanghai , whose GA production accounts for 76% of the total GA output (calculated by 40%) in China in 2006.
  • 4. CCMData & Primary Intelligence Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com Tel: +86-20-3761 6606 Fax: +86-20-3761 6968 • Export & Import of GA The import volume of GA is reducing sharply these years and the quantity can be considered negligible comparing with the vast actual output and import volume. Meanwhile the export volume of GA kept increasing rapidly. The export volume was 7,728 tonnes in 2006 and increased by 9.94% over the previous year. Shanghai Kangjian is always the top exporter of GA, and its export volume was xxxx tonnes accounting for xxxx% of total export volume in 2006. Taixing Yuandong and Shanghai Guangyu are the top two active GA manufacturers whose products were exported in the past few years, and their export volumes of GA account for about xxxx% of the total in 2006 . Chinese GA is mainly exported to USA , Spain , Germany and so on. In 2005 and 2006 the total export volume to these three countries was xxxx tonnes and xxxx tonnes respectively, accounting for xxxx% and xxxx% of China 's total export volume. USA is the largest export destination. Its export volume was xxxx tonnes in 2005 and it increased to xxxx tonnes in 2006. The export volume will keep increasing in the coming few years. • Market of GA About xxxx tonnes (calculated by 40%) of GA is consumed in China in 2006.GA is mainly used to produce Vanillin, P-hydroxylphenylglycine, DL-P-hydroxy Phenylhydantoin, Allantoin, 2-hydroxyl-phosphine acetic acid and other chemicals. The fast increase of GA consumption is driven by the downstream industry, especially in Vanillin, P-hydroxylphenylglycine, DL-P-hydroxy Phenylhydantoin and Allantoin. The consumption volume of GA in Vanillin accounts for xxxx% of the total amount. The second largest GA consumption field is P-hydroxylphenylglycine, which accounts for xxxx% of the total. • Technology xxx of the xxx active GA producers in China adopt the oxaldehyde oxidation method to produce GA and the main raw materials include oxaldehyde and nitric acid. The rest one GA producer adopts the oxalic acid electroreduction method to produce GA. Character of CCM' Report: The aim of this report is to provide powerful assistance to the strategy group and the management team in making correct decision as how to penetrate the ever-increasing China market and how to catch the maximum commercial opportunities. The report is formulated independently by CCM’s professional market researchers, based on the first-hand and primary data which are analyzed by scientific methodology, confirmed with both manufacturers/end users/traders and legal authorities, and presented in a logic way. Sample pages:
  • 5. II The industry nowadays in China II-1 Current production situation - Summary of manufacturers From the various sources as of October 2007, 63 companies/factories have been reported to engage in the business of Glyoxylic acid. Then extensive telephone interview has been conducted to verify the actual situation of these companies. But after verification, it was found that 26 companies were finally excluded from the study because they are not doing the Glyoxylic acid business at all. …… The detailed information of the active producers has been recorded in this Word document, in separate part: Profiles of manufacturers. Table II-1-2 Summary of active producers of GA in China-capacity and output Grade Percentage No. Abbr. Grade 20% 40% 50% 80% Total Capacity'07(t/a) Total Output'06(t/a) Estimate Output'06(t/a)(calculated by 40%) Estimate total Output'07 (1~6) VIII-1.1 Shanghai Guangyu 40%,50% 0 60% 40% 0 30,000 7,000 7,700 15,000 VIII-1.2 Taixing Yuandong 40%,50% 0 30% 70% 0 5,000 4,000 4,700 1,800 VIII-1.3 Luquan Hongli 40%,50% 0 95% 5% 0 6,000 3,500 3,544 1,800 VIII-1.4 Puyang Baolilai 40%,50% 0 95% 5% 0 3,000 3,000 3,038 1,800 VIII-1.5 Huanggang Natural Pharmaceutical 40%,50% 0 100% 0 0 8,000 3,000 3,000 1,200 VIII-1.6 Dahuayixin 30% 0 100% 0 0 6,000 3,000 3,000 2,500 VIII-1.7 Huanghua Sangtian 40%,50% 0 90% 10% 0 3,000 2,500 2,563 1,500 VIII-1.8 Changyi Hanying 20% 100% 0 0 0 12,000 5,000 2,500 3,000
  • 6. VIII-1.9 Wuhan Sinon 40%,50% 0 100% 0 0 6,000 2,500 2,500 1,200 VIII-1.10 Hubei Sunwell 40%,50% 0 50% 50% 0 2,000 1,800 2,025 800 VIII-1.11 Wuhan Libangruier 40%,50% 0 100% 0 0 3,000 2,000 2,000 1,000 VIII-1.12 Changzhou Yalina 40%,50% 0 100% 0 0 4,000 2,000 2,000 1,000 VIII-1.13 Luotian Hongyuan 40%,50% 0 50% 50% 0 5,000 1,500 1,688 1,200 VIII-1.14 Jiangsu Taixing 40%,50% 0 95% 5% 0 2,500 1,500 1,519 800 VIII-1.15 Taizhou Sanhua 40%,50% 100% 0 0 0 3,000 2,500 1,250 1,500 VIII-1.16 Shijiazhuang Shixing 40%,50% 0 80% 20% 0 1,000 1,000 1,050 500 … …… II-3 Import and export analysis in 2005~1H2007 II-3.1 Overall Situation of GA Import and export analysis in 2005~1H2007 In the recent three years, the export volume of GA kept increasing rapidly. The export volume was 7,728 tonnes accounting for 14.27% of the total output in 2006 and it increased by 9.94% over the previous year. ……
  • 7. II-3-2 Export analysis in 2005~1H2007 Table II-3-2-1 Export price of GA in 2005~2007 1H(Quantity (t); Unit price (USD/kg)) 2007 1H 2006 2005 Month Quantity Unit price Quantity Unit price Quantity Unit price Jan 669.500 1.72 1,716.900 1.62 483.000 1.86 Feb 507.800 1.71 669.520 1.78 444.000 1.80 Mar 500.000 1.71 595.000 1.83 461.600 1.72 Apr 240.000 1.73 150.000 1.96 250.000 1.69 May 780.000 1.69 281.850 1.88 499.000 1.59 Jun 356.000 1.69 300.920 1.90 598.600 1.69 Jul - - 794.000 1.51 548.885 1.63 Aug - - 845.500 1.52 719.500 1.62 Sep - - 1,102.600 1.47 507.440 1.69 Oct - - 752.000 1.56 1,172.060 1.61 Nov - - 247.000 1.81 863.560 1.71 Dec - - 273.200 1.75 482.060 1.61 Total 3,053.300 1.71 7,728.490 1.64 7,029.705 1.68 Table II-3-2-3 Active exporters of GA in 2007 1H(Quantity (t); Unit price (USD/kg)) Exporter Quantity Unit price Shanghai Kangjian Imp. & Exp. Co., Ltd. 2,150.000 1.67 Sinochem Shanghai I/E Corp. 565.000 1.83 Hebei Huanghua Sangtian Chemical Co., Ltd. 151.000 1.60 China Jiangsu International Economic -Technical Cooperation Corp. 75.000 1.88 Sinochem Liaoning Imp. & Exp. Co., Ltd. 40.000 1.89 Zhejiang Hangzhou Junwei Chemical Co., Ltd. 22.500 1.90 Zhejiang Chemicals I/E Corp. 20.000 1.86 Shanghai Mengheng Weave Co., Ltd. 10.000 1.77 Shenzhen Jiesimai Industry Co., Ltd. 10.000 1.99 Jiangsu Guotai International Group Huacheng Import & Export Co. Ltd. 8.800 2.09 Hainan Zhongxin Chemical Co Ltd 1.000 2.61 Total 3,053.300 1.71

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