Oxalic Acid Market reached US$ 1.5 billion in 2022 and is expected to reach US$ 2.0 billion by 2031 - Oxaquim, Merck KGaA, UBE Industries Ltd.

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.

Oxalic Acid Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it 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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Oxalic acid is a naturally occurring organic compound found in plants like spinach and rhubarb, as well as a widely used industrial chemical. It is a strong dicarboxylic acid with applications in cleaning, bleaching, and metal polishing. In households, it is used to remove rust and stains from surfaces. Oxalic acid is also utilized in pharmaceutical formulations and textile processing. However, excessive ingestion can be toxic, leading to kidney stone formation and other health issues.

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 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.

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Growth Forecast 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.

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.

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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.

Regional Analysis for Oxalic Acid Market:

The regional analysis of the Oxalic Acid Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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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People Also Ask:

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

➠ Who are the leading manufacturers in the global Oxalic Acid industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Oxalic Acid industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Oxalic Acid market?

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

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