South Korea Oxalic Acid Market Size, Share, and COVID-19 Impact Analysis, By Application (Bleaching/Cleaning, Pharmaceuticals, Water Treatment, Textile Dyeing, and Metal Leaching), and South Korea Oxalic Acid Market Insights, Industry Trend, Forecasts to 2035

South Korea Oxalic Acid Market Insights Forecasts to 2035

• The South Korea Oxalic Acid Market Size Was Estimated at USD 15.8 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 4.59% from 2025 to 2035
• The South Korea Oxalic Acid Market Size is Expected to Reach USD 25.89 Million by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Oxalic Acid Market Size is anticipated to reach USD 25.89 Million by 2035, growing at a CAGR of 4.59% from 2025 to 2035. This area expanding populations and rising disposable incomes have increased the demand for textiles and apparel, which in turn has increased the need for chemicals like oxalic acid in manufacturing operations.

Market Overview

The oxalic acid market involves the production and application of oxalic acid, a dicarboxylic acid used in various industries such as pharmaceuticals, textiles, metal cleaning, and chemicals. Its excellent chelating properties, oxalic acid is used to remove rust, bleach wood, and purify rare metals. Benefits include its effectiveness as a cleaning agent, eco-friendly nature, and utility in organic synthesis. The growing demand in industrial cleaning, rare earth processing, and pharmaceutical manufacturing. The rising trend of environmentally safe chemicals further boosts its adoption. Governments are supporting sustainable chemical production through policies promoting green manufacturing, tax incentives, and funding for eco-friendly research, which enhances growth prospects for the oxalic acid market.

Report Coverage

This research report categorizes the market for South Korea oxalic acid market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea oxalic acid market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea oxalic acid market.

Driving Factors

The oxalic acid market is driven by increasing demand from industries such as pharmaceuticals, textiles, and metal cleaning due to its strong chelating and cleaning properties. Its growing use in rare earth element processing and as a bleaching agent in the textile and wood industries also boosts market growth. Rising awareness of eco-friendly and biodegradable chemicals further supports its adoption. Additionally, advancements in organic synthesis and expanding applications in emerging economies contribute to the market's positive growth trajectory.

Restraining Factors

The oxalic acid market faces restraining factors such as stringent environmental and safety regulations due to its toxic nature. Fluctuating raw material prices and availability can impact production costs. Additionally, competition from alternative chemicals and limited awareness in some industries hinder widespread adoption, affecting overall market growth potential.

Market Segmentation

The South Korea Oxalic Acid Market share is classified into application.

• The bleaching/cleaning segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea oxalic acid market is segmented by application into bleaching/cleaning, pharmaceuticals, water treatment, textile dyeing, and metal leaching. Among these, the bleaching/cleaning segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its ability to dissolve organic stains and remove mineral deposits and rust, oxalic acid is used extensively in both industrial and domestic cleaning applications. The demand for products containing oxalic acid has increased as a result of growing consumer awareness of the advantages of using less hazardous, safer cleaning agents.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea oxalic acid market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Chunbo Fine Chemicals Co., Ltd.
• Namhae Chemical Corporation
• KCC Corporation
• Hyosung Chemical Corporation
• Lotte Chemical Corporation
• Kumho Petrochemical Co., Ltd.
• Hyundai Chemical Co., Ltd.
• Daelim Industrial Co., Ltd.
• Samsung Fine Chemicals Co., Ltd.
• SK Innovation Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea oxalic acid market based on the below-mentioned segments:

 South Korea Oxalic Acid Market, By Application

• Bleaching/Cleaning
• Pharmaceuticals
• Water Treatment
• Textile Dyeing
• Metal Leaching