China’s Production and Market of Sodium Gluconate Analysis 2012-2017 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 31, 2018--The “Production and Market of Sodium Gluconate in China” report has been added to ResearchAndMarkets.com’s offering.
The sodium gluconate industry in China was first started in the 1980s. However, the industry did not enter its fast expanding stage until 2000s. Fast expansion of sodium gluconate capacity and the lack of demand from downstream has led to overcapacity. Starting in 2011, China’s sodium gluconate industry has entered its structural reforming stage. During 2015 to 2017, the capacity of sodium gluconate in China reduced at a CAGR of -5.20% to 1,064,000 t/a in 2017.
Glucose is the essential raw material in sodium gluconate production. It is commonly commercially manufactured from corn starch in China. The market price of corn is the major influencing factor of the production cost of both corn starch and sodium gluconate. The Chinese government lowered the purchasing price of corn for temporary storage in 2015 and canceled the purchasing policy of corn in the following year due to excessive corn inventory and unreasonable high domestic market price of corn.
Affected by the increasing price of corn and the tightening environmental regulations, the output of sodium gluconate in China dropped from 629,000 tonnes to 583,000 tonnes at a growth rate of -7.31% during 2016-2017. Meanwhile, the apparent consumption of sodium gluconate in China reduced by 12.73% year on year in 2017.
The export volume of sodium gluconate from China was on a continuous growth during 2012-2017, at a CAGR of 14.59%. China exported sodium gluconate to 89 countries and regions in 2017. India, Turkey, the United Arab Emirates, Japan and Taiwan Province were the top five destinations of China’s sodium gluconate exports by volume.
Companies MentionedShandong Baisheng Biotechnology Co., Ltd. Shandong Fuyang Biotechnology Co., Ltd. Shandong Xiwang Sugar Co., Ltd. Weifang Jianbao Biotechnology Co., Ltd. Zhucheng Xingmao Corn Developing Co., Ltd.
Key Topics Covered:
1 Overview of sodium gluconate industry in China
2 Production of sodium gluconate in China, 2015-2017
3 Import and export analysis of sodium gluconate, 2015-2017
4 Consumption of sodium gluconate in China, 2012-2017
6 Forecast on sodium gluconate industry in China, 2018-2022
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180731005402/en/
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SOURCE: Research and Markets
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PUB: 07/31/2018 04:58 AM/DISC: 07/31/2018 04:58 AM