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Oxalic Acid Market 2023 - By Size, Share, Key Growth Analysis, Future Insights, Trends And Outlook By 2032
Oxalic Acid Market
The Business Research Company's Oxalic Acid Global Market Report 2023 identifies rising concerns regarding the increase in surgical site infections as the major driver for the Oxalic Acid market's growth in the forecast period. Surgical site infections (SSIs) refer to infections that occur at the site of a surgical incision or in the tissue layers affected by the surgical procedure. These infections can occur after any surgical procedure, ranging from minor outpatient to major surgeries. Oxalic acid has antimicrobial properties and potential antimicrobial activity against certain bacteria and fungi, which helps against surgical site infections.
The global oxalic acid market size is expected to grow from $1.14 billion in 2022 to $1.20 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of oxalic acid market is expected to reach $1.42 billion in 2027 at a CAGR of 4.3%.
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Major competitors in the Oxalic Acid market are Honeywell International Inc., Merck KGaA, Clariant AG, UBE Corporation, Sigma-Aldrich Co. LLC, PCC Rokita SA, Shandong Fengyuan Chemical Co. Ltd.
A key trend in the Oxalic Acid market includes increasing investments. Major companies operating in the oxalic acid market are focused on increasing investments to meet demand and sustain their position in the market. For instance, in May 2022, Oxaquim S.A, a Spain-based oxalic acid producer company, stated that it would boost its annual production capacity from 20,000 to 25000 metric tons by investing 44 million euros ($47.05 million) in the expansion of its Alcaniz factory and the development of a new facility in Andorra. This expansion will meet the future demand for oxalic acid.
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The Oxalic Acid market is segmented -
• By Product Grade: Anhydrous, Dihydrate, Aqueous Solution
• By Process: Oxidation Of Carbohydrates, CO Coupling Reaction, Oxidation Of Propylene, Sodium Formate Process
• By Application: Bleaching And Purifying Agents, Reducing Agents, Stain And Rust Removers, Miticide, Precipitation Agents, Other Applications
• By End Use: Petrochemicals, Water Treatment Chemicals, Metallurgy, Textiles And Leather, Pharmaceuticals, Electronics And Semiconductors, Wood Pulp, Bee-Hiving
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Oxalic Acid market.
The Business Research Company's "Global Oxalic Acid Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Oxalic Acid Market Include:
1. Executive Summary
2. Oxalic Acid Market Characteristics
3. Oxalic Acid Market Trends And Strategies
4. Oxalic Acid Market - Macro Economic Scenario
5. Global Oxalic Acid Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
…………………………………………….
32. Global Oxalic Acid Market Competitive Benchmarking
33. Global Oxalic Acid Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Oxalic Acid Market
35. Oxalic Acid Market Future Outlook and Potential Analysis
36. Appendix
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