Press release
Unveiling The Global Oxalic Acid Market: Expected Growth, Dominant Players, And Emerging Trends
Oxalic Acid Market Size
What Is The Projected Market Size Of The Global Oxalic Acid Market And Its Growth Rate?
The oxalic acid market has seen steady growth and is projected to rise further in the following key stages:
• 2025 Market Size: $1.3 billion (4.0% CAGR)
• 2029 Market Size: $1.61 billion (5.5% CAGR)
These growth rates can be linked back to advancements in chemical manufacturing, textile industry growth, pharmaceutical and medical applications expansion, and food industry innovation, among others.
What Is Driving The Growth In The Oxalic Acid Market?
The surge in surgical site infections (SSIs) is acting as a catalyst in the booming oxalic acid market. SSIs can transpire after any surgical procedure. Oxalic acid, owing to its antimicrobial properties, is being increasingly used to combat these infections. According to a 2024 report by the Centers for Disease Control and Prevention, there's been roughly a 4% rise in the standardized infection ratio (SIR) for SSIs. This increase in concern regarding SSIs is expected to propel the oxalic acid market.
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Who Are the Key Players Driving Oxalic Acid Market Growth?
The main players operating in the oxalic acid market include:
• Honeywell International Inc.
• Merck KGaA
• Clariant AG
• UBE Corporation
• Sigma-Aldrich Co. LLC
• PCC Rokita SA
• Shandong Fengyuan Chemical Co. Ltd
• Alfa Aesar
• Spectrum Chemical Manufacturing Corp.
• Punjab Chemicals And Crop Protection Ltd.
What Are The Key Trends In The Oxalic Acid Market?
Emergent trends in the forecast period include:
• Carbon capture and sequestration
• Selective oxidation processes
• Antibacterial and antiviral properties
• Nanostructured oxalic acid applications
• Biodegradable formulations
What Are The Segments Of The Global Oxalic Acid Market?
The diverse segments of the global oxalic acid market include:
1) By Product Grade: Anhydrous, Dihydrate, Aqueous Solution
2) By Process: Oxidation Of Carbohydrates, CO Coupling Reaction, Oxidation Of Propylene, Sodium Formate Process
3) By Application: Bleaching And Purifying Agents, Reducing Agents, Stain And Rust Removers, Miticide, Precipitation Agents, Other Applications
4) By End Use: Petrochemicals, Water Treatment Chemicals, Metallurgy, Textiles And Leather, Pharmaceuticals, Electronics And Semiconductors, Wood Pulp, Bee-Hiving
Which Region Leads The Oxalic Acid Market?
In 2024, Asia-Pacific was the largest region in the oxalic acid market. It is expected to continue its upward trend, becoming the fastest-growing region in the forecast period.
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What Is Covered In The Oxalic Acid Market Global Market Report?
- Market Size Analysis: Analyze the Oxalic Acid Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Oxalic Acid Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Oxalic Acid Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Oxalic Acid Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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