Glyoxylic acid has a wide range of applications. my country’s high-quality glyoxylic acid market is in short supply.

Glyoxylic acid has the dual characteristics of both aldehyde and acid, and can react with aldehyde and acid at the same time. Based on this, glyoxylic acid can derive a variety of fine chemical products. Glyoxylic acid can be divided into two forms: glyoxylic acid crystals and glyoxylic acid aqueous solution. Among them, glyoxylic acid crystals have a strong market demand. As an important organic synthesis intermediate, glyoxylic acid has a wide range of applications, involving pesticides, spices, papermaking, cosmetics, medicine, fine chemicals and other fields.

In the field of fragrances, glyoxylic acid can be used to synthesize vanillin, jasmonaldehyde, anisaldehyde, ethyl vanillin and other products; in the pharmaceutical field, glyoxylic acid can be used to prepare amoxicillin, antihypertensive drugs, oral penicillin and other products; in the field of pesticides, glyoxylic acid can be used to produce products such as glyphosate and diclofenac. The development of the glyoxylic acid industry depends on downstream market demand. In recent years, my country’s economy has continued to grow steadily, the market demand for glyoxylic acid is relatively strong, and the industry is developing well.

According to the “China Glyoxylic Acid Industry Market In-depth Assessment and 2023-2027 Investment Feasibility Consultation Report released by the Industrial Research Center , the supply and demand of the global glyoxylic acid market is balanced. In 2021, the global glyoxylic acid industry output will be approximately 175,000 tons, of which the output of high-quality glyoxylic acid crystals will be approximately 43,000 tons. my country is a major consumer of glyoxylic acid. In 2021, my country’s demand for glyoxylic acid will reach about 96,000 tons.

There are many methods for producing glyoxylic acid, including oxalic acid electrolytic reduction, glyoxal nitric acid oxidation, ozone oxidation of maleic anhydride, etc. Each of the three production methods has its own advantages and disadvantages. my country’s glyoxylic acid industry started late and has a low technical level. Domestic glyoxylic acid is mostly concentrated in the mid- to low-end fields. The demand for high-quality glyoxylic acid still relies on imports. In 2021, my country’s high-quality glyoxylic acid imports will reach 2.0 More than 10,000 tons.

The glyoxylic acid market is highly concentrated, and global suppliers mainly include Hongyuan Pharmaceutical, Guolin Technology, WeylChem International GmbH, Jinyimeng Group, etc. Among them, Guolin Technology is one of the major domestic suppliers of high-quality glyoxylic acid. It uses ozone oxidation of maleic anhydride to prepare glyoxylic acid products. In March 2021, the company raised 360 million yuan for a 25,000-ton high-quality glyoxylic acid project. In June 2022, the project was successfully trial-produced. As related projects are gradually put into production, Guolin Technology’s high-quality glyoxylic acid supply capacity will be further improved. By then, my country’s dependence on imports of high-quality glyoxylic acid will also be improved.

Industry analysts said that as an organic synthesis intermediate, glyoxylic acid has a wide range of applications. my country’s consumer market is huge, and the glyoxylic acid market Demand is strong, but due to technical limitations, my country’s supply of high-quality glyoxylic acid is insufficient, and demand still relies on imports. In recent years, Chinese companies have also been actively expanding the production of high-quality glyoxylic acid. As relevant projects are put into production, the localization rate of high-quality glyoxylic acid in my country will further increase.