Sodium Formate and Formic Acid China Report 2018-Survey of Sodium Formate and Formic Acid in China

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $6,048	47 Pages	Kcomber Inc.	May, 2018	OFCM15847049

Best Price Guarantee
Price	from $6,048
Length	47 Pages
Publisher	Kcomber Inc.
Published Date	May, 2018
SKU	OFCM15847049

Sodium Formate and Formic Acid China Report 2018-Survey of Sodium Formate and Formic Acid in China

Sodium formate and formic acid industries in China were under structural reform since 2015 when the Chinese government has issued the new Environmental Protection Law. During 2016 to May 2018, the capacity of sodium formate in China decreased to 505,500 t/a from 617,500 t/a at a CAGR of -9.52%. Meanwhile, the capacity of formic acid in China dropped from 585,100 t/a to 398,100 t/a at a CAGR of -17.51%. Two of China’s sodium formate producers and four formic acid producers exited the market in the last two years. Affected by the tightening environmental regulations, the domestic supply of sodium formate and formic acid decreased in 2017, which has driven up the ex-works prices of both products. In the coming two years, sodium formate and formic acid industries in China will remain under strict environmental regulations and inspections. It is necessary for sodium formate and formic acid industry participants to keep track on the changes of market dynamics and China's environmental regulations on industrial production.

The Chinese government has been tightening the environmental regulations since 2015 when the new Environmental Protection Law was officially implemented. In Dec. 2016, the Chinese government passed the Environmental Protection Tax Law which was brought into effect on 1 Jan., 2018, further tightened the environmental laws. Chemical industries in China, including sodium formate and formic acid industries are restricted by the environmental laws in the following aspects: control on emissions, supervisions and inspections from environmental protection departments, rectification of industrial parks, and environmental protection tax levied on emission equivalent quantity and value.

The ex-works price of both sodium formate and formic acid surged in H2 2017 due to diminishing domestic supply as well as increasing raw material cost. Carbon monoxide and sodium hydroxide are two of the major raw materials in sodium formate and formic acid production. Affected by the Chinese government policies on elimination of outmoded capacity, the domestic supply of coal, a raw material of carbon monoxide was limited in 2017. The price of carbon monoxide was boosted due to lack of supply. The supply of sodium hydroxide was also limited by the elimination of outmoded capacity as well as tightening environmental regulations. In Q4 2017, the ex-works price of sodium hydroxide surged due to increasing demand for sodium hydroxide from aluminum oxide and papermaking industries, which boosted the price of both sodium formate and formic acid.

In 2017, China exported 57,259 tonnes of sodium formate to 61 countries and regions. Russia, the US, South Korea, the Netherlands and Pakistan were the top five destinations of China's sodium formate exports by volume. The export volume of formic acid from China was 99,999 tonnes in 2017. Thailand, Japan, India, Vietnam and South Korea were the top five destinations of China's formic acid exports by volume among 69 countries and regions.

This survey aims to study the current sodium formate and formic acid industries and forecasts the market to 2019. This survey provides detailed analysis on the factors influencing the development of sodium formate and formic acid industries in China, as well as current and historic trend of both industries. Market drivers, restraints, opportunities and relative policies can be found in this report.
This report is based on data collected via diverse sources. The primary sources include interviews with industrial experts, key producers, key traders, key raw material suppliers and key end users of sodium formate and formic acid. Various secondary sources include published magazines, journals, government statistics and CCM’s database, etc. Data obtained from various sources have been combined and cross-checked to ensure that this report is as accurate and methodologically sound as possible.

The dynamics of key market players in sodium formate and formic acid industries are listed in this research. Key market participants studied include Luxi Chemical, Hubei Yihua, and Chongqing Chuandong, etc.

Scope of the report
Region cope: China
Time scope: primarily 2017 unless otherwise stated.
On the basis of industrial segments: sodium formate and formic acid production, ex-works prices of sodium formate and formic acid, sodium formate and formic acid exports and consumption.

Executive summary: Methodology
1 Overview of sodium formate and formic acid industries in China: 1.1 Brief introduction to sodium formate and formic acid; 1.2 Current sodium formate and formic acid industries; 1.3 Government policies on sodium formate and formic acid industries
2 Sodium formate industry in China, 2017: 2.1 Producer; 2.2 Production; 2.3 Price; 2.4 Exports; 2.5 Consumption; 2.6 Raw materials consumption by different methods in China; 2.7 Forecast, 2018–2019
3 Formic acid industry in China, 2017: 3.1 Producer; 3.2 Production; 3.3 Price; 3.4 Exports; 3.5 Consumption; 3.6 Raw material consumption; 3.7 Forecast, 2018–2019
4 Profiles of major sodium formate and formic acid producers in China: 4.1 Luxi Chemical Group Co., Ltd.; 4.2 Hubei Yihua Chemical Industry Co., Ltd.; 4.3 Qianjiang Fuyang Chemical Co., Ltd.; 4.4 Yibin Tianyuan Group Co., Ltd.; 4.5 Anhui Jinhe Industrial Co., Ltd.; 4.6 Shandong Fufeng Perstorp Chemical Co., Ltd.; 4.7 Chongqing Chuandong Chemical (Group) Co., Ltd.; 4.8 Guizhou Kaiyang Qingli Tianmeng Chemical Co., Ltd.; 4.9 Jiangsu Kailin Ruiyang Chemical Co., Ltd.; 4.10 Puyang Pengxin Chemical Co., Ltd.; 4.11 Binzhou Xinke Aode Technology Co., Ltd.; 4.12 Nantong Baichuan New Materials Co., Ltd.; 4.13 Yunnan Shuifu Yuntianhua Co., Ltd.; 4.14 Puyang Yong'an Chemical Co., Ltd.; 4.15 Baoding Guoxiu Chemical Industry Co., Ltd.; 4.16 Bazhou Shengfang United Chemical Co., Ltd.; 4.17 BASF-YPC Co., Ltd.; 4.18 Huanghua Pengfa Chemical Co., Ltd.; 4.19 Zouping Fenlian Biotech Co., Ltd.
LIST OF TABLES: Table 1.1-1 National Standard on Formic Acid for Industrial Use GB/T 2093–2011; Table 2.1-1 List of sodium formate producers in China, as of May 2018; Table 2.2-1 Capacity and output of sodium formate in China, 2017; Table 2.4-1 Monthly exports of sodium formate from China, 2017; Table 2.4-2 Top ten export destinations of China's sodium formate, 2017; Table 2.5-1 Application fields of sodium formate in China; Table 2.6-1 Reaction of carbon monoxide and sodium hydroxide; Table 2.6-2 By-product of pentaerythritol; Table 2.6-3 By-product of NPG; Table 2.6-4 By-product of TMP; Table 3.1-1 List of formic acid producers in China, as of May 2018; Table 3.2-1 Capacity and output of formic acid in China, 2017; Table 3.4-1 Monthly exports of formic acid from China, 2017; Table 3.4-2 Top ten export destinations of China's formic acid, 2017; Table 3.5-1 Application fields of formic acid in China; Table 3.6-1 Unit consumption of major raw materials for formic acid (85%) production in China; Table 4.1-1 Capacity and output of sodium formate and formic acid in Luxi Chemical, 2017; Table 4.2-1 Capacity and output of sodium formate in Hubei Yihua, 2017; Table 4.3-1 Capacity and output of sodium formate in Qianjiang Fuyang, 2017; Table 4.4-1 Capacity and output of sodium formate and formic acid in Yibin Tianyuan, 2017; Table 4.5-1 Capacity and output of sodium formate and formic acid in Anhui Jinhe, 2017; Table 4.6-1 Capacity and output of sodium formate in Shandong Perstorp, 2017; Table 4.7-1 Capacity and output of sodium formate and formic acid in Chongqing Chuandong, 2017; Table 4.8-1 Capacity and output of sodium formate in Kaiyang Qingli, 2017; Table 4.9-1 Capacity and output of sodium formate and formic acid in Kailin Ruiyang, 2017; Table 4.10-1 Capacity and output of sodium formate in Puyang Pengxin, 2017; Table 4.11-1 Capacity and output of sodium formate and formic acid in Xinke Aode, 2017; Table 4.12-1 Capacity and output of sodium formate in Nantong Baichuan, 2017; Table 4.13-1 Capacity and output of sodium formate in Shuifu Yuntianhua, 2017; Table 4.14-1 Capacity and output of sodium formate in Puyang Yong'an, 2017; Table 4.15-1 Capacity and output of sodium formate in Baoding Guoxiu, 2011–2017; Table 4.16-1 Capacity and output of sodium formate in Bazhou Shengfang, 2011–2017; Table 4.17-1 Capacity and output of formic acid in BASF-YPC, 2017; Table 4.18-1 Capacity and output of formic acid in Huanghua Pengfa, 2017; Table 4.19-1 Capacity and output of formic acid in Zouping Fenlian, 2017
LIST OF FIGURES: Figure 1.1-1 Molecular structure of sodium formate; Figure 1.1-2 Molecular structure of formic acid; Figure 2.2-1 Capacity distribution of sodium formate in China, 2017; Figure 2.2-2 Output distribution of sodium formate in China, 2017; Figure 2.3-1 Monthly ex-works price of sodium formate in China, 2017; Figure 2.4-1 Monthly exports of sodium formate from China, 2017; Figure 2.4-2 Distribution of exports of sodium formate from China by destination, 2017; Figure 2.5-1 Apparent consumption of sodium formate in China, 2017, tonne; Figure 2.7-1 Forecast on China's sodium formate capacity and output, 2018–2019; Figure 3.2-1 Capacity distribution of formic acid in China, 2017; Figure 3.2-2 Output distribution of formic acid in China, 2017; Figure 3.3-1 Monthly ex-works price of formic acid by product grade in China, 2017; Figure 3.4-1 Monthly exports of formic acid from China, 2017; Figure 3.4-2 Distribution of exports of formic acid from China by destination, 2017; Figure 3.5-1 Apparent consumption of formic acid in China, 2017, tonne; Figure 3.5-2 Downstream consumption distribution of formic acid in China, 2017; Figure 3.7-1 Forecast on China's formic acid capacity and output, 2018–2019