Oxalic Acid Market is expected to reach US$ 2.0 billion by 2031 | Merck KGaA, UBE Industries Ltd., Clariant International Limited, Honeywell International Inc. and Sigma-Aldrich

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.

The Oxalic Acid market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Sustainable manufacturing practices are becoming a key trend in the oxalic acid industry, with producers striving for cleaner, more eco-friendly processes to reduce the carbon footprint of production. This shift aligns with the principles of sustainable development and is driven by growing consumer demand for environmentally friendly products and regulatory requirements.

Oxalic acid is widely used in household and cleaning products due to its effectiveness in removing rust, stains, and mineral deposits. It is a common ingredient in rust removers, stain removers, and wood cleaners. The rising global focus on cleanliness and hygiene, particularly in response to health concerns, has led to an increased demand for effective cleaning solutions. This trend is contributing to the continued growth of oxalic acid usage in the cleaning product market.

Forecast Growth Projected:

The Global Oxalic Acid Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

Industry Development:

On April 22, 2021, the demand for oxalic acid has risen and Oxaquim, the first European manufacturer and second in the world, increased production between 2.021 and 2.022 at its Alcaiz facilities in response to this demand growth and to solidify its position as a crucial firm for some nations, particularly in the rare earth sector.

On August 05, 2022, UBE Corporation has officially finalized its acquisition of API Corporation, a subsidiary of the Mitsubishi Chemical Group (Life Science Institute, Inc.). The strategic move aims to enable both entities to streamline their manufacturing and research and development assets for mutual benefit.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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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)

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Oxalic Acid Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Oxalic Acid market?

➠ Who are the global key manufacturers of the Oxalic Acid Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Oxalic Acid market opportunities and threats faced by the vendors in the global Oxalic Acid Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Oxalic Acid market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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