CCM Data & Primary Intelligence
Production and Market of Succinic Acid in China - The Fourth Edition
Researched & Prepared by:
Guangzhou CCM Information Science & Technology Co., Ltd. Guangzhou, P. R. China May 2010 Copyright by Guangzhou CCM Information Science & 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 6606 Email: econtact@cnchemicals.com Website: http://www.cnchemicals.com Tel: +86-20-3761 6606
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CCM Data & Primary Intelligence Description: Nowadays, Chinese succinic acid production accounts for 25-30% of the world’s total, with the total capacity and output of 15,550 t/a and 8,650 tonnes respectively in 2009. By Q1 2010, there are 12 major active succinic acid producers in China. From 2005 to 2009 Chinese succinic acid industry stably developed in China. However, in 2008, domestic succinic acid market was shank due to the financial crisis. What is the current succinic acid production situation in China? What causes this situation? Currently there are mainly two pathways to produce succinic acid namely chemical pathways, and biological pathways. Chemical pathways in China are mature, and biological pathways are still at research stage. Considering the limited petrol reservation in the world, biological pathways is promising one in the future. In 2010, a foreign company started to industrially produce succinic acid by fermented method. What is the current situation of biological succinic acid production in China? What will affect the future development of domestic biological succinic acid? China is the major consumption country for succinic acid, with total apparent consumption volume of 7,393 tonnes in 2009. Succinic acid is widely used in chemical, food, pharmaceutical and agricultural industries. How about the consumption situation of succinic acid in 2009? What are the potential substitutes for succinic acid? Besides the aspects mentioned above, what other changes can be seen from 2005 to Q1 2010? What will happen to future Chinese succinic acid industry? Based on such issues, CCM has updated the succinic acid report ever compiled in 2008. The newly 2010 edition combines CCM’s 9-year expertise in succinic acid market research. What is covered in this report? - With detailed description and smart analysis of China’s succinic acid industry, future investment opportunities could be found in the report or enlightened after reading the report. - With introduction to capacity and output of succinic acid, a clear picture of competitive landscape within the industry is available especially for foreign investors. - Changed Sales from 2007 to 2010 and the altered the market value. - Future forecast on China’s succinic acid industry. - Major producers’ production cost analysis. - Import and export analysis of succinic acid in china. - New methods to produce succinic acid, especially the biological pathways. Main content: No.
Content
Page
Part
Content
0
Executive summary
1
Introduction and methodology
2
I
Brief introduction of succinic acid
4
II
Production and market of succinic acid in China
5
II-1
Chinese succinic acid production history
5
II-2
Related policy
5
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CCM Data & Primary Intelligence II-3
Current production situation
7
II-3.1
Current domestic succinic acid production
7
II-3.2
Current Chinese succinic acid producers’ situation
9
II-4
Pricing and quotation of succinic acid
11
II-5
Current succinic acid market in China
12
II-6
Raw material supply situation in China
13
II-6.1
Raw material for succinic acid production in China
13
II-6.2
Introduction to maleic anhydride in China
14
II-6.2.1
Maleic anhydride production in China
14
II-6.2.2
Maleic anhydride consumption in China
16
II-6.2.3
Price of maleic anhydride
17
II-7
Production cost and profit analysis
19
III
Import and export analysis of succinic acid
21
III-1
Import analysis of succinic acid
20
III-2
Export analysis of succinic acid
22
IV
Consumption pattern of succinic acid
32
IV-1
Analysis of consumption
32
IV-2
Brief introduction to major end use segments
33
IV-2.1
Chemical industry
35
IV-2.2
Pharmaceutical industry
37
IV-2.3
Food industry
38
IV-2.4
Agricultural industry
40
IV-3
Competition from substitute chemicals for succinic acid
41
V
Succinic acid biological technology situation in China
43
V-1
Brief introduction of succinic acid technology development
43
V-2
Introduction of Succinic acid chemical pathways
43
V-2.1
Different chemical pathway in China
43
V-2.2
Current technology status in China
45
V-3
Introduction of Succinic acid biological pathways
46
V-3.1
Procedure of biological technology
46
V-3.1.1
Biological enzyme conversion method
46
V-3.1.2
Biological fermentation method
47
V-3.2
Innovation of biological technology
52
V-4
Brief introduction of succinic acid biological production in the world
54
V-5
Domestic researching situation of biological technologies
55
V-6
Relevant intellectual property in China
56
VI
Future forecast on Chinese succinic acid industry 2010-2015
58
VI-1
Key factors influencing succinic acid production in China
58
VI-2
Supply and demand forecast by 2015
59
VI-2.1
Supply and demand of succinic acid by chemicals process
59
VI-2.2
Supply and demand of succinic acid by bio-process
60
VII
Conclusion
63
VIII
Profile
64
VIII-1
Current active producers in China
64
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CCM Data & Primary Intelligence VIII-2
Current researchers in China
79
Executive summary: At present, the production of succinic acid in China accounts for xx-xx% of the world production, with the total capacity of xx t/a in 2009. By the xx quarter in 2010, there are xx major active succinic acid producers in China, with total capacity of xx t/a. Raw material Succinic acid producers utilize maleic anhydride as raw material, a downstream product of benzene. According to the consumption pattern of maleic anhydride, although there are many competitive products for succinct acid, succinic acid only consumed a small part of total maleic anhydride. As the result, what succinic acid producers concerned most is not the supply of maleic anhydride, but its fluctuating price. Consumption situation In China, the use of succinic acid can be separated into two parts: one is used to produce derivatives, and the other part is for direct use. There are lots of downstream products and fields. Succinic acid is used in more than xx end products covered by the following xx fields, including chemical, food, pharmaceutical and agricultural industries. In 2009, chemical industry and pharmaceutical industry are the main fields of succinic acid consumption accounting for xx% of total consumption. Production¬ technology In general, there are two major pathways to produce succinic acid at present, one is chemical pathway, and the other is biological pathway. Chemical pathway started to be applied since 1990s. There are many chemical pathways until now. Only electrochemical reduction method, hydrogenation method, and paraffin oxidation method can be applied industrially. Biological pathways include two ways, one is biological enzyme conversion, and the other is biological fermentation. Import & export Compared with the export quantity of succinic acid, succinic acid import volume in China was small in the past xx years. From 2006 to 2009, China’s export succinic acid was decreasing, with the export volume dropped from xx tonnes to xx tonnes. 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：
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………… II-3.1 Current domestic succinic acid production At present, the production of succinic acid in China accounts for xx-xx% of the world production, with the total capacity of xx t/a in 2009. In general, in the past xx years, the capacity and output volume of succinic acid in China increased stablely. ………… II-7 Production cost and profit analysis Table II-7.1 Succinic acid production cost of Anhui Hexing, 2010 No. 1
2
Item
Unit Cost, USD/t
Raw Materials
xx
Utilities
Water
xx
Electric power
xx
Steam
xx
3
Labor
xx
4
Packing
xx
5
Depreciation and maintenance cost
xx
6
Waste treatment cost
xx
7
Management staff cost
xx
8
Transportation cost
xx
Production cost
USD/t
xx
Ex-factory price, USD/t
xx
Total profit, USD/t
xx
Source: CCM International
………… V-1 Brief introduction of succinic acid technology development In general, there are mainly two pathways to produce succinic acid at present, one is chemical pathways, and the other is biological pathways.