Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Oxalic Acid Market Size Expected to Grow from USD 605.4 Million in 2023 to USD 985.8 Million by 2033, at a CAGR of 5.00% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Oxalic Acid Market Size, Share, and COVID-19 Impact Analysis, By Product Grade (Anhydrous, Dihydrate and Aqueous Solution), By Application (Bleaching & Purifying Agents, Reducing Agents, Stain & Rust Removers, Miticide and Precipitation Agents), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The oxalic acid market refers to the global industry involved in the production, distribution, and application of oxalic acid, which is a widely used dicarboxylic acid, employed in cleaning, metal processing, pharmaceuticals, and chemical synthesis. Moreover, oxalic acid, with its potent stain removal and bleaching features, is primarily driven by its increasing demand within the metal cleaning, surface treatment, and textile industries. There is also significant growth in application areas such as pharmaceuticals, chemical synthesis, and rare earth processing. There is also some growth in agricultural and beekeeping activities. Industrialization, urbanization, and advancements in the production technologies of oxalic acid support market growth, while the increasing demand for eco-friendly cleaning agents and metal treatment solutions strengthens its global market position. However, the oxalic acid market is constrained by health and environmental hazards, strict regulatory restrictions, availability of safer alternatives, and fluctuating raw material prices, which impact production costs and limit widespread adoption in some industries.
The dihydrate segment accounted for the largest share of the global oxalic acid market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of product grade, the global oxalic acid market is divided into anhydrous, dihydrate, and aqueous solutions. Among these, the dihydrate segment accounted for the largest share of the global oxalic acid market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. It is used extensively due to its high stability, solubility, and applications in metal cleaning, pharmaceuticals, rare earth processing, and textile applications. Due to cost-effectiveness and efficiency, it is widely preferred in different industrial and commercial applications across the world.
The bleaching & purifying agents segment accounted for a substantial share of the global oxalic acid market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of application, the global oxalic acid market is divided into bleaching & purifying agents, reducing agents, stain & rust removers, miticide, and precipitation agents. Among these, the bleaching & purifying agents segment accounted for a substantial share of the global oxalic acid market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is due to their large-scale applications in textile, paper, and leather industries, the demand for oxalic acid is very high due to its excellent bleaching power for removing stains, whitening fabrics, and purifying rare earth metals.
Europe is projected to hold the largest share of the global oxalic acid market over the projected period.
Europe is projected to hold the largest share of the global oxalic acid market over the projected period. This is because of rapid industrialization, huge demand from textile, metal processing, and chemical industries, and also the manufacturing lines of China and India, the regional market will continue to dominate the pharmaceutical, rare-earth processing, and agriculture sectors, as they can produce cheaper.
North America is expected to grow at the fastest CAGR growth of the global oxalic acid market during the projected period. The regional growth is due to high demand for pharmaceuticals, metal cleaning, and rare earth processing. The expanding industrial sector, stringent environmental regulations promoting effective cleaning agents, and increasing use in agriculture and beekeeping contribute to market growth, particularly in the United States and Canada.
Company Profiling
Major vendors in the global oxalic acid market are Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA, UBE Industries Ltd., Clariant International Limited, Indian Oxalate Limited, Shijiazhuang Taihe Chemical Co., Ltd., Spectrum Chemical Manufacturing Corp., Shandong Fengyuan Chemical Co., Ltd., Penta s.r.o. and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global oxalic acid market based on the below-mentioned segments:
Global Oxalic Acid Market, By Product Grade
Global Oxalic Acid Market, By Application
Global Oxalic Acid Market, By Regional
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