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Oxalic Acid Market to Witness Widespread Expansion During 2016-2026

01-29-2018 02:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Oxalic Acid Market to Witness Widespread Expansion During

Oxalic acid is a colorless, crystalline substance with sharp, sour taste. Oxalic acid is at high concentration can be a dangerous poison. It’s a part of carboxylic acid family.Oxalic acid is soluble in water, alcohol and ether. Oxalic acid is widely used as bleaching or cleaning agent. Oxalic acid is used as a mordant in dying process. Oxalic acid is used in pharmaceutical to purification or dilution purpose.Another important application of oxalic acid is to smelt rare earth. Oxalic acid is used as bleaching agent in textile and wood industry. Oxalic acid plays a vital role as rust-remover for metal treatment industry as well as water treatment. The estimated oxalic acid consumption was about 190 million metric tons at the end of 2009.

Oxalic Acid Market: Drivers and restraints

The exponential growth in pharmaceutical and rare earths industry, is the major contributor to the growth of Oxalic Acid Market. The use of Oxalic Acid in bleaching and cleaning purpose at various industrial/household application is a positive indicator in the expected growth of oxalic acid market. The growing concern towards sterilization in industry also drive the demand of oxalic acid market.

On the other hand, due to its toxic and corrosive nature, industrial as well as household use and handling might create restrain in the demand of Oxalic acid.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1267

Oxalic Acid Market: Segmentation

On the basis of application, global Oxalic Acid Marketis segmented into:

Rare earth Industry

Pharmaceuticals

Textile

Other (Cleaning, Surface Dust Removal.)

On the basis of manufacturing process, the global Oxalic Acid Marketis segmented into:

Nitric Acid Oxidation Process

Sodium Formate Dehydrogenation Process

Dialkyl Oxalate Hydrolysis Process

Oxalic Acid Market: Region Wise Outlook

Asia is estimated to be the largest consumer of oxalic acid in the world by volume .Especially China is a major consumer, producer as well as exporter of oxalic acid. The exponential growth in rare earth industry, pharmaceutical as well as textiles are the major factors behind the rise of oxalic acid consumption in Asian countries. Europe is estimated to be one of the fastest growing market for oxalic acid. USA due to its growth in application sector is also indicating positive prospect to the demand in oxalic acid consumption.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/toc/rep-gb-1267

Oxalic Acid Market: Key market Players

Some of the market producers of the global oxalic acid market are Shanxi Province Yuanping Chemicals Co., Ltd., Ube industries, ltd., Oxaquim S.A. ,Tongliao Jinmei Chemicals Co.,Ltd, Indian Oxalate Ltd. and others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: http://www.futuremarketinsights.com

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