Oxalic Acid Market is Expected to Reach US$ 2.0 Billion by 2031 | Merck KGaA, UBE Industries Ltd., Clariant International Limited.

Global Oxalic Acid Market reached US$ 1.5 billion in 2022 and is expected to reach US$ 2.0 billion by 2031, growing with a CAGR of 4.3% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Oxalic Acid Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Oxalic Acid is a colorless, crystalline organic compound with the chemical formula C₂H₂O₄. It is a naturally occurring dicarboxylic acid found in various plants, including rhubarb, spinach, and sorrel. In its anhydrous form, it appears as white crystals, while in its hydrated form, it is known as oxalic acid dihydrate. Oxalic acid has multiple industrial and laboratory applications, including its use as a reducing agent, a bleaching agent in textiles, and a rust remover. It is also utilized in the production of various chemicals, including pharmaceuticals and cosmetics. In the food industry, oxalic acid can affect the bioavailability of minerals, as it can bind to calcium and iron, potentially leading to decreased absorption. Due to its toxicity in large quantities, proper handling and usage precautions are essential.

Key Developments:

➤ On April 22, 2021, Oxaquim, the first European manufacturer and second globally, increased its production of oxalic acid at its Alcaiz facilities to meet rising demand. This expansion aims to strengthen the company's position as a key player in the rare earth sector.

➤ On August 5, 2022, UBE Corporation completed the acquisition of API Corporation, a subsidiary of the Mitsubishi Chemical Group (Life Science Institute, Inc.). This strategic move is designed to streamline manufacturing and research and development assets for the benefit of both organizations.

Research Process:

Both primary and secondary data sources have been used in the global Oxalic Acid Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Oxalic Acid Market:

Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA, UBE Industries Ltd., Clariant International Limited, Indian Oxalate Limited, Spectrum Chemical Manufacturing Corp., PENTA s.r.o, Honeywell International Inc. and Sigma-Aldrich.

Segment Covered in the Oxalic Acid Market:

By Product: Anhydrous, Dihydrate, Aqueous Solution.

By Grade: Standard Grade (Purity 96%-99%), Technical/Pharma Grade (Purity 99%-99.9%), Electronic/Food Grade (Purity 99.9%-99.999%.

By Application: Bleaching & Purifying Agents, Reducing Agents, Stain & Rust Removers, Miticide, Precipitation Agents, Others.

By End-User: Petrochemicals, Water Treatment Chemicals, Metallurgy, Textiles & Leather, Pharmaceuticals, Electronics & Semiconductors, Food & Beverages, Wood Pulp, Others.

Regional Analysis:

The global Oxalic Acid Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Oxalic Acid Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Oxalic Acid Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Oxalic Acid manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Oxalic Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

Q1) How Big is the Oxalic Acid Market?

A) Global Oxalic Acid Market reached US$ 1.5 billion in 2022 and is expected to reach US$ 2.0 billion by 2031, growing with a CAGR of 4.3% during the forecast period 2024-2031.

Q2) Who are the key players of Oxalic Acid Market?

A) Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA, UBE Industries Ltd., Clariant International Limited, Indian Oxalate Limited, Spectrum Chemical Manufacturing Corp., PENTA s.r.o, Honeywell International Inc. and Sigma-Aldrich.

Q3) What are the regions covered in this report?

A) The global Oxalic Acid Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa

4) What are the Segments Coverd in this report?

A) The Oxalic Acid market is segmented as Product, Grade, Application, End-User and Region.

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