Oxalic Acid Market was valued at USD 1.41 Billion in 2022 and is projected to reach USD 2.13 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
The global oxalic acid market was valued at approximately USD 830 million in 2022, with a Compound Annual Growth Rate (CAGR) projected to be around 4.5% from 2022 to 2030. Oxalic acid is primarily used in various industries such as pharmaceuticals, textile, metal processing, and agriculture, driving its demand globally. Increasing use in pharmaceutical formulations, especially as a purifying agent for antibiotic synthesis, has been a key driver for market growth. Additionally, the expanding application of oxalic acid in rare earth metal processing and surface cleaning is boosting its consumption in industrial sectors. The growing demand for cleaning agents, especially in the residential and commercial sectors, is also providing substantial growth opportunities. Emerging markets, particularly in the Asia-Pacific region, are witnessing a surge in oxalic acid consumption due to rapid industrialization and the rising demand for metal treatment chemicals. Countries such as China and India are showing increased investments in chemical manufacturing, further propelling the demand for oxalic acid. This region alone contributed to more than 40% of the total oxalic acid demand in 2022. In terms of opportunity analysis, the rising adoption of eco-friendly and sustainable chemicals presents a growth avenue for market players to innovate and cater to the evolving needs of environmentally-conscious consumers. As environmental regulations become stricter, industries are looking for safer alternatives, making oxalic acid a viable option for various applications, including water treatment and cleaning formulations.
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Clariant
Oxaquim
Ube Industries
Indian Oxalate
Star Oxochem
PCCPL
RICPL
Uranus Chemicals
Mudanjiang Hongli Chemicals
GEM Chemical
Yuanping Chemical
Shaowu Fine Chemical
Shandong Fengyuan Chemical
Dongfeng Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Oxalic Acid Market
Pharmaceutical Industry
Rare Earth Industry
Fine Chemicals Industry
Textile Industry
Based on Types the Market is categorized into Below types that held the largest Oxalic Acid market share In 2023.
Superior
First-class
Qualified
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Oxalic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Oxalic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Oxalic Acid Market, By Type
6. Global Oxalic Acid Market, By Application
7. Global Oxalic Acid Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Oxalic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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