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Global Trends Overview: The Fast-Paced Development of the Oxalic Acid Market
Oxalic Acid Market
Projected Growth and Market Size of the Oxalic Acid Market
The oxalic acid market is anticipated to grow steadily, reaching a valuation of $1.65 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 5.2%. Factors fueling this growth include heightened demand for eco-conscious cleaning agents, broader adoption in semiconductor and electronics manufacturing, a wider range of pharmaceutical uses, and increased investment in chemical production capacities. Prominent trends shaping the market's future consist of rising utilization in industrial cleaning, water treatment processes, and metallurgy, alongside a stronger emphasis on producing high-purity specialty chemicals and pharmaceutical-grade oxalic acid.
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Key Factors Propelling Demand Growth in the Oxalic Acid Market
One major driver is the shift toward environmentally sustainable cleaning products, which has increased the preference for oxalic acid as an effective and biodegradable chemical agent. This trend aligns with stricter environmental regulations and corporate sustainability goals, prompting industries to adopt greener alternatives.
Additionally, the semiconductor and electronics sectors have expanded their use of oxalic acid due to its vital role in manufacturing processes that require high-purity chemicals. This demand is complemented by the pharmaceutical industry's growing need for oxalic acid in drug formulation and other medical applications, which further supports market growth.
Top Corporations Leading the Oxalic Acid Industry
The competitive landscape of the oxalic acid market includes several key players such as OXEA GmbH, UBE Corporation, Shandong Fengyuan Chemical Co., Ltd., Henan Coal Chemical Industry Group Co., Ltd., Mudanjiang Fengda Chemical Co., Ltd., Jiangsu Longlight Chemical Co., Ltd., Indian Oxalate Limited, WeylChem Group, BASF SE, Solvay S.A., Arkema S.A., Mitsubishi Chemical Group Corporation, Alfa Aesar, Tokyo Chemical Industry Co., Ltd., Spectrum Chemical Manufacturing Corp., Merck KGaA, Haihang Industry Co., Ltd., GFS Chemicals, Inc., MP Biomedicals, LLC, and Avantor, Inc.
A notable development occurred in October 2025, when Oxaquim, a specialty chemicals firm based in Spain, partnered with a North American life and health insurance provider to become a preferred supplier in the United States. This collaboration aims to improve distribution and availability of Oxaquim's high-quality specialty chemicals across North America while enhancing innovation and market presence in the U.S.
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Emerging Market Trends Driving Oxalic Acid Demand
Several market participants are focusing on producing oxalic acid-based herbicides, exploiting its properties as an anti-nutrient toxic to certain unwanted plants. For example, in January 2023, ADAMA, an Israeli herbicide manufacturer, introduced Acert, a product with oxalic acid as its main ingredient. This herbicide targets invasive species such as red rice (Oryza sativa) and persistent weeds like barnyard grass (Echinochloa crus-pavonis), representing a significant advancement in weed management solutions.
This particular application highlights the expanding scope of oxalic acid beyond traditional industrial uses, reflecting innovation in agricultural chemistry and sustainable crop protection.
Detailed Market Segmentation of the Oxalic Acid Industry
The oxalic acid market is categorized across several important segments:
1) By Product Grade: Anhydrous, Dihydrate, and Aqueous Solution
2) By Process: Oxidation of Carbohydrates, CO Coupling Reaction, and Sodium Formate Process
3) By Application: Bleaching and Purifying Agents, Reducing Agents, Stain and Rust Removers, Miticides, Precipitation Agents, and Other Uses
4) By End Use: Petrochemicals, Water Treatment Chemicals, Metallurgy, Textiles and Leather, Pharmaceuticals, Wood Pulp, and Bee-Hiving
Subcategories within these segments include:
- Anhydrous: Technical Grade and Pharmaceutical Grade
- Dihydrate: Technical Grade and Pharmaceutical Grade
- Aqueous Solution: Industrial Grade and Laboratory Grade
This comprehensive segmentation provides insights into the diverse ways oxalic acid is utilized and highlights areas where market growth is expected to accelerate.
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