Oxalic Acid Market Research Depth Study, Analysis, Growth, Trends, Developments and Forecast 2029

Oxalic Acid Market revenue is expected to grow at a CAGR of 2.6% through 2023 to 2029, reaching nearly USD 751.13 Mn.

Oxalic Acid Market Report Scope and Research Methodology

The comprehensive report delves into the intricacies of the Oxalic Acid Market, providing valuable insights into market dynamics, product grades, applications, regional nuances, and influential factors driving market growth. The research methodology adopted involves a meticulous analysis of industry data, market trends, and forecasts, presented in a lucid and accessible format.

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Oxalic Acid Market Dynamics

Key Drivers and Restraints

The market dynamics highlight the significance of oxalic acid in pharmaceuticals, metal processing, chemicals, and other sectors. The surge in pharmaceutical demands, driven by increased awareness of health risks and microbial contamination, stands as a key driver for market growth. However, fluctuations in product grades, particularly the anticipated loss of market share for technical grade oxalic acid, pose challenges in the market.

Oxalic Acid Market Segmentation

Oxalic Acid Market , by Product Grade

Dihydrate
Anhydrous
Solution

The market is divided into three segments based on the product grade: solution, anhydrous, and dihydrate. By 2029, the dihydrate oxalic acid sector is anticipated to command the highest market shares. Dihydrate has a high purity product with a range of 99.5% to 100%. Dihydrate is used in the food and beverage sector as a PH balancing agent and as a flavouring addition for ice cream and baked goods. As a bleaching agent, dihydrate is used in the leather and textile industries.

Oxalic Acid Market , by Application

Pharmaceutical
Rare Earth Sampling
Metal Processing
Agriculture
Chemicals
Textile & Leather
Others

The market is divided into several segments based on the applications, including pharmaceuticals, metal processing, agriculture, chemicals, textile and leather, and rare earth sampling. This is because the pharmaceutical industry uses oxalic acid to manufacture antibiotics such as Borneol, Terramycin, and Acromycine.

Oxalic Acid Market , by End User

Bleaching & Purifying
Reducing agents
Stain & Rust Removers
Miticides
Others

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Oxalic Acid Market Key Players

1. UBE Industries Ltd.
2. Punjab Chemical and Crop Protection Limited (PCCPL)
3. Radiant Indus Chem Pvt. Ltd. (RICPL)
4. Oxaquim S.A
5. Star Oxochem Pvt. Ltd
6. LabChem lnc.
7. Sigma-Aldrich Corporation
8. Honeywell International Inc.
9. Clariant
10. Shanxi Province Yuanping Chemicals Co.
11. Oxaquim S.A.
12. Mudanjiang Hongli
13. Indian Oxalate Ltd.
14. Synthetic Colour CHEM INDS
15. Radiance Paper
16. Salema Chemicals PVT. LTD.

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Table of content for the Oxalic Acid Market includes:

Part 01: Executive Summary

Part 02: Scope of the Oxalic Acid Market Report

Part 03: Global Oxalic Acid Market Landscape

Part 04: Global Oxalic Acid Market Sizing

Part 05: Global Oxalic Acid Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia Pacific dominates the global market, holding a substantial market share of 60% by 2029, propelled by robust downstream industries and major players in the region. China's significant production contributes significantly to the region's dominance. Meanwhile, Europe is anticipated to experience noteworthy growth during the forecast period, driven by strategic partnerships and impactful acquisitions within the industry.

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