Sodium gluconate producers in China see sharp increase in exports in 2014

GUANGZHOU, China - May 26, 2015 - PRLog -- The total domestic capacity of China's SG continued its rapid expansion in the past three years, following the entrance of some new players and expansion of existing ones. However, the overcapacity has led to fierce competition and price decline in the SG market.

According to CCM’s recent research, China's SG output rose stably to 578,700 tonnes in 2014, with a CAGR of about 8% during 2012-2014. This growth rate was quite lower than the 15% during 2008-2012.

Fermentation method and catalytic oxidation method are the two methods applied in SG production in China. The market shares of producers adopting catalytic oxidation method has been greatly squeezed due to its disadvantage in cost when compared with players using fermentation method.

The corn price has maintained at a high level for more than three years since 2011, greatly squeezing the profit margin of China's SG players in recent years.

Due to its abundant domestic supply, China only imported a small quantity of SG annually for some special applications over the past few years. China's export volume of SG has seen rapid growth during 2012-2014, reaching 117,541 tonnes in 2014, which was about 45% higher than that in 2012.

In CCM’s recent SG report, Production and Market of Sodium Gluconate in China (http://www.cnchemicals.com/Product/Report/2580-production...), China's SG industry has been analyzed comprehensively from the following aspects:

- Raw material supply and price;

- Production and major producers;

- Export analysis;

- Consumption pattern;

- Forecast of the future production, consumption, and export

According to the report, China's SG industry will continue its integration and the industrial concentration will see distinct rise in future years. The fierce competition in domestic market, and the rapid growth of overseas demand, will together stimulate the growth of SG exports in the following years.

For a sample or copy of this report, please visit:

http://www.cnchemicals.com/Product/Report/2580-production-and-market-of-sodium-gluconate-in-china-edition-4.html

For more information about CCM and our coverage of China’s SG industry, please visit www.cnchemicals.com, or contact us by emailing econtact@cnchemicals.com or calling +86-20-37616606.