Oxalic Acid Market: Global Industry Analysis and Forecast (2021-2027), Key Trends, Sales Volume Analysis, Market Price, Market Share, Industry Share, Market Size.

Oxalic Acid Market size was valued at US$ 596.20 Mn. in 2020 and the total revenue is expected to grow at a CAGR of 2.6% through 2021 to 2027, reaching nearly US$ 713.55 Mn.

Oxalic Acid Market Overview:

Oxalic acid has the chemical formula C2H2O6 and the IUPAC name ethanedioic acid. Oxalic acid is commonly bonded to minerals in plants, resulting in oxalate. Oxalic acid serves as a bleach, metal polish, stain remover, and mordant, among other things. Bleaching is mostly utilised in the production of straw hats, leather, and wood. For metal oxide, oxalic acid is used as a reducing agent to eliminate rust, ink stain, and tarnish. Dihydrate, Anhydrous, and Solution are the types of the product grade of the oxalic acid. Oxalic Acid Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Global Oxalic Acid Market Dynamics:

Human bodies require oxalic acid. It's crucial for colon health. When humans don't get enough ascorbic acid from their diets, their bodies produce it. This is due to the oxalate combines with calcium in the colon, eating meals containing both oxalates and calcium together may minimise the incidence of stones. Oxalic acid is found in abundance in all antioxidant-rich foods. Oxalic acid is included in some of the world's healthiest foods. Oxalic acid is commonly used in the pharmaceutical sector to take medication and other medicines such as antibiotics. Antibiotics and other pharmaceuticals are boosting the pharmaceutical market due to increased awareness of microbial contamination and health risks. The pharmaceutical industry's rise is a major driver of the oxalic acid market. Metal polishing to eliminate rust, alumite film manufacturing, metal purification, and surface polishing all use oxalic acid. These factors also contribute to the growth of the global oxalic acid market. The chemical industry is driving up demand for oxalic acid, since standard grade oxalic acid is favoured in the face of growing worries about the need to sterilise pharmaceutical equipment, and they are in charge of the shift. The market share of 96% to 99% pure standard grade oxalic acid accounts for 40% of the global market share. However, technical grade oxalic acid, which is pure 99% -99.9%, is expected to lose market share and cause market disruption. Oxalic Acid Market  

Global Oxalic Acid Market Segment Analysis:

Based on the Product Grade, the market is segmented into Dihydrate, Anhydrous, and Solution. Dihydrate oxalic acid segment is expected to hold the largest market shares of xx% by 2027. Dihydrate's formula and product purity are both high, ranging from 99.5% to 100%. In the food and beverage industry, dihydrate is used as a flavouring additive for ice cream and bakery products, as well as a PH balancing agent in food and beverages. In the textile and leather industries, dihydrate is using as a bleaching agent. A reducing agent is oxalic acid dihydrate. The use of oxalic acid dihydrate as a therapy for lowering populations of naturally existing bacteria. In conjunction with acetonitrile and/or other solvents, it is used as a buffer in chromatographic separation, dechelation, and deproteinization. Based on the Applications, the market is segmented into Pharmaceutical, Rare Earth Sampling, Metal Processing, Agriculture, Chemicals, Textile & Leather, and Others. Pharmaceutical and Chemicals industries are expected to grow rapidly at a CAGR of xx% and xx% during the forecast period 2021-2027. This is due to the oxalic acid is used to make pharmaceuticals like Terramycin, Acromycine, Borneol, and many other antibiotics in the pharmaceutical industries. Oxalic acid is also used to make salt, esters, fine chemicals, industrial chemicals, phenol resin catalyst, and oxalates, among other things. Due to this factors, the chemical industry has overtaken the oxalic acid market for chemical manufacture. Oxalic acid is also utilised as a reagent, its market is further enhanced by its application in the organic and analytical industries. Oxalic Acid Market

Global Oxalic Acid Market Regional Insights:

Asia Pacific dominates the Global Oxalic Acid market during the forecast period 2021-2027. Asia Pacific is expected hold the largest market shares of 60% by 2027. The presence of major players and well-developed downstream industries in the region, which enhance demand for oxalic acid, is one of the factors driving the regional market's growth. China, which produces a considerable amount of oxalic acid in the region, is driving the growth of the oxalic acid market in the Asia Pacific region. The regional market is being driven by demand for applications such as metal cleaning, dry cleaning, and vapour degreasing in economies such as China, which is attracting large market players to invest in the oxalic acid industry. To stay afloat in the oxalic acid market, new markets are developing strategic partnerships with the industry's leading companies. This aspect allows newcomers to enter the market and contribute more to the company's bottom line. These are the major factors that drive the growth of this region in the Global market during the forecast period 2021-2027. Europe is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. Europe was the leading importer of oxalic acid, importing over 28 kilotons. Europe's top players are Oxaquime S.A. and Welchem International GmBh. Healthy acquisitions and partnerships have also contributed to the regional market's growth. Oxalic Acid MarketThe objective of the report is to present a comprehensive analysis of the Global Oxalic Acid Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Oxalic Acid Market dynamic, structure by analyzing the market segments and project the Global Oxalic Acid Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Oxalic Acid Market make the report investor’s guide.

Global Oxalic Acid Market Scope: Inquiry Before Buying

Global Oxalic Acid Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 596.20 Mn.
Forecast Period 2021 to 2027 CAGR: 2.6% Market Size in 2027: US $ 713.55 Mn.
Segments Covered: by Product Grade • Dihydrate • Anhydrous • Solution
by Application • Pharmaceutical • Rare Earth Sampling • Metal Processing • Agriculture • Chemicals • Textile & Leather • Others

Global Oxalic Acid Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Oxalic Acid Market Key Players

UBE Industries Ltd. • Punjab Chemical and Crop Protection Limited (PCCPL) • Radiant Indus Chem Pvt. Ltd. (RICPL) • Oxaquim S.A • Star Oxochem Pvt. Ltd • LabChem lnc. • Sigma-Aldrich Corporation • Honeywell International Inc. • Clariant • Shanxi Province Yuanping Chemicals Co. • Oxaquim S.A. • Mudanjiang Hongli • Indian Oxalate Ltd. • Synthetic Colour CHEM INDS • Radiance Paper • Salema Chemicals PVT. LTD. Frequently Asked Questions: 1] What segments are covered in Global Oxalic Acid Market report? Ans. The segments covered in Global Oxalic Acid Market report are based on Product Grade, and Application. 2] Which region is expected to hold the highest share in the Global Oxalic Acid Market? Ans. Asia Pacific is expected to hold the highest share in the Global Oxalic Acid Market. 3] Who are the top key players in the Global Oxalic Acid Market? Ans. UBE Industries Ltd., Punjab Chemical and Crop Protection Limited (PCCPL), Radiant Indus Chem Pvt. Ltd. (RICPL), Oxaquim S.A, and Star Oxochem Pvt. Ltd are the top key players in the Global Oxalic Acid Market. 4] Which segment holds the largest market share in the Global Oxalic Acid market by 2027? Ans. Dihydrate product grade segment hold the largest market share in the Global Oxalic Acid market by 2027. 5] What is the market size of the Global Oxalic Acid market by 2027? Ans. The market size of the Global Oxalic Acid market is US $713.55 Mn. by 2027. 6] What was the market size of the Global Oxalic Acid market in 2020? Ans. The market size of the Global Oxalic Acid market was worth US $596.20 Mn. in 2020.
1. Global Oxalic Acid Market: Research Methodology 2. Global Oxalic Acid Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Oxalic Acid Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Oxalic Acid Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Oxalic Acid Market Segmentation 4.1 Global Oxalic Acid Market, by Product Grade (2020-2027) • Dihydrate • Anhydrous • Solution 4.2 Global Oxalic Acid Market, by Application (2020-2027) • Pharmaceutical • Rare Earth Sampling • Metal Processing • Agriculture • Chemicals • Textile & Leather • Others 5. North America Oxalic Acid Market (2020-2027) 5.1 Global Oxalic Acid Market, by Product Grade (2020-2027) • Dihydrate • Anhydrous • Solution 5.2 Global Oxalic Acid Market, by Application (2020-2027) • Pharmaceutical • Rare Earth Sampling • Metal Processing • Agriculture • Chemicals • Textile & Leather • Others 5.3 North America Oxalic Acid Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Oxalic Acid Market (2020-2027) 6.1. Asia Pacific Oxalic Acid Market, by Product Grade (2020-2027) 6.2. Asia Pacific Oxalic Acid Market, by Application (2020-2027) 6.3. Asia Pacific Oxalic Acid Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Oxalic Acid Market (2020-2027) 7.1 Middle East and Africa Oxalic Acid Market, by Product Grade (2020-2027) 7.2. Middle East and Africa Oxalic Acid Market, by Application (2020-2027) 7.3. Middle East and Africa Oxalic Acid Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Oxalic Acid Market (2020-2027) 8.1. Latin America Oxalic Acid Market, by Product Grade (2020-2027) 8.2. Latin America Oxalic Acid Market, by Application (2020-2027) 8.3. Latin America Oxalic Acid Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Oxalic Acid Market (2020-2027) 9.1. European Oxalic Acid Market, by Product Grade (2020-2027) 9.2. European Oxalic Acid Market, by Application (2020-2027) 9.3. European Oxalic Acid Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. UBE Industries Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Punjab Chemical and Crop Protection Limited (PCCPL) 10.3. Radiant Indus Chem Pvt. Ltd. (RICPL) 10.4. Oxaquim S.A 10.5. Star Oxochem Pvt. Ltd 10.6. LabChem lnc. 10.7. Sigma-Aldrich Corporation 10.8. Honeywell International Inc. 10.9. Clariant 10.10. Shanxi Province Yuanping Chemicals Co. 10.11. Oxaquim S.A. 10.12. Mudanjiang Hongli 10.13. Indian Oxalate Ltd. 10.14. Synthetic Colour CHEM INDS 10.15. Radiance Paper 10.16. Salema Chemicals PVT. LTD.

About This Report

Report ID 101012
Category Material & Chemical
Published Date May 2021
Updated Date Dec 2021
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