Press release
Oxalic Acid Market Surges Amid Rising Demand in Rare Earth & Cleaning Sectors | Forecast to 2031 | Top key players - Oxaquim, Merck KGaA, UBE Industries Ltd.
Oxalic Acid Market
The Oxalic Acid Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Oxalic Acid Market refers to the global industry involved in the production, distribution, and application of oxalic acid-a dicarboxylic acid used in various sectors such as pharmaceuticals, textiles, metal cleaning, and water treatment. Demand is driven by its role as a reducing agent, bleaching agent, and chemical intermediate across industrial and commercial applications.
Prominent Industry players in the Oxalic Acid Market
The prominent players in Oxalic Acid market research report are: 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.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
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Industry News:
April 22, 2021 - Due to rising global oxalic acid demand, Oxaquim-Europe's leading and the world's second-largest producer increased production at its Alcañiz facilities between 2021 and 2022. This expansion aimed to strengthen its strategic role, especially in the rare earth processing sector.
August 5, 2022 - UBE Corporation completed the acquisition of API Corporation, a subsidiary of Mitsubishi Chemical Group (Life Science Institute, Inc.). The acquisition aims to enhance operational efficiency by consolidating their manufacturing and R&D capabilities.
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Market Segments
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.
The Oxalic Acid industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Oxalic Acid Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Oxalic Acid Market?
✒ Who are the prominent players in the Oxalic Acid Market?
✒ How is the regulatory landscape affecting the Oxalic Acid Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Oxalic Acid Market?
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