United States Oxalic Acid Market to hit US$ 2.0 Billion By 2031 | Major Companies - Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA

Market Size and Forecast:

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 Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

Latest M&A Activity

Key growth drivers include rising demand in pharmaceutical intermediates, rare earth metal extraction, specialty cleaning and bleaching applications in electronics manufacturing, textile processing, and industrial maintenance.​

North America remains a major market with strong industrial applications, while Asia-Pacific leads growth due to rapid industrialization and expansion of automotive and textile sectors.​

Pharmaceutical application is significant, expected to hold over 33% market share by 2035, driven by growing healthcare expenditure and demand for high-purity oxalic acid in drug synthesis.​

Increasing commercialization of bio-based and eco-friendly oxalic acid production technologies is a key trend, supporting sustainability goals and closed-loop manufacturing.​

Challenges include toxicity concerns and environmental regulations, prompting technological innovations in purification and production processes to produce safer, greener products.​

Major market players include Hawkins Inc., Merck KGaA, Shandong Sanyuan Chemical, UBE Industries, Clariant International, and others focusing on capacity expansions and product quality improvements.​

No specific M&A or FDA approval data was reported in the last three months, with the market focus on sustainable growth, specialty applications, and strategic manufacturing expansions.

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Key Players:

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.
Sigma-Aldrich

Key Industry Developments:

USA:

September 2025 (Pricing & Demand): The U.S. Oxalic Acid Price Index rose by 1.88% quarter-over-quarter, driven by steady import reliance and increasing demand from the construction, metal cleaning, and water treatment sectors due to ongoing infrastructure investments.

Ongoing Trend (Jul-Sept 2025): The market saw accelerating demand for high-purity (Pharma-grade) oxalic acid driven by the expanding pharmaceutical sector for use in drug synthesis, purification, and as an antimicrobial agent to mitigate Surgical Site Infections (SSIs).

Japan:

Ongoing Trend (Jul-Sept 2025): The Japanese market maintained a strong shift towards high-purity Oxalic Acid, led by the high-tech electronics and semiconductor industries which require ultra-pure, high-quality chemicals for precision cleaning and manufacturing processes.

Ongoing Trend (Jul-Sept 2025): The market continued to adopt eco-friendly and sustainable production processes for Oxalic Acid, aligning with the growing national and industrial preference for green chemistry and bio-based alternatives to traditional industrial chemicals.

Growth Forecast Projected:

The Global Oxalic Acid Market Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, 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 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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Key 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

Regional Analysis for 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:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Oxalic Acid Market producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Oxalic Acid Market revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Oxalic Acid Market Market?

A: The Oxalic Acid Market Market stood at US$ 1.5 billion in 2023 and is set to experience remarkable growth, reaching US$ 2.0 billion by 2031

Q2: How fast is the Oxalic Acid Market Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 4.3% from 2025 to 2032

Q3: Which regions are dominating the Oxalic Acid Market Market and which are fastest-growing?

A: North America dominating the Oxalic Acid Market market.

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