Oxalic Acid - Global Strategic Business Report

The global market for Oxalic Acid was valued at US$624 Million in 2024 and is projected to reach US$720.1 Million by 2030, growing at a CAGR of 2.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Oxalic Acid Market - Key Trends & Drivers Summarized

Why Is Oxalic Acid a Critical Chemical in Various Applications?

Oxalic acid is a versatile organic compound widely used in multiple industrial and domestic applications. It is characterized by its ability to act as a reducing agent and its capacity to form strong complexes with metal ions. These properties make oxalic acid essential in industries such as textile, metal processing, and pharmaceuticals. In the textile industry, oxalic acid is used for bleaching and cleaning fabrics. The metal processing industry utilizes oxalic acid for rust removal and metal cleaning. Additionally, oxalic acid serves as a precursor in the synthesis of various pharmaceuticals and as a cleaning agent in household products. The broad range of applications underscores the importance of oxalic acid in global markets.

How Have Technological Innovations Enhanced Oxalic Acid Production and Applications?

Technological advancements have significantly improved oxalic acid production and its applications. Innovations in production methods, such as electrochemical synthesis and bio-based production processes, have increased the efficiency and sustainability of oxalic acid manufacturing. Advanced purification techniques have enabled the production of high-purity oxalic acid for specialized applications, such as in pharmaceuticals and electronics. The development of new formulations and delivery systems has expanded the use of oxalic acid in various industries, including its use as a catalyst in chemical reactions. These technological strides have enhanced the versatility and utility of oxalic acid, driving its demand across multiple sectors.

What Are the Current Trends in Oxalic Acid Consumption?

Current trends in oxalic acid consumption reflect its broadening applications and evolving industry demands. The textile industry continues to be a significant consumer of oxalic acid, driven by the demand for effective bleaching and cleaning agents. The metal processing sector is also witnessing increased use of oxalic acid for rust removal and metal surface treatment. The pharmaceutical industry relies on oxalic acid for the synthesis of various drugs and intermediates. Additionally, the use of oxalic acid in household cleaning products is on the rise, driven by its effectiveness and safety. Emerging applications of oxalic acid in electronics, particularly in the production of semiconductors and other high-tech components, are also gaining traction. These trends highlight the diverse applications and growing importance of oxalic acid in various industries.

What Factors Are Driving the Growth in the Oxalic Acid Market?

The growth in the oxalic acid market is driven by several factors. Firstly, the rising demand for effective bleaching and cleaning agents in the textile industry is propelling the use of oxalic acid. Secondly, the expanding metal processing industry's reliance on oxalic acid for rust removal and metal treatment is a significant growth driver. The pharmaceutical sector's increasing use of oxalic acid in drug synthesis and formulation also contributes to market growth. Additionally, the growing demand for household cleaning products that utilize oxalic acid is boosting consumption. The development of advanced production methods and high-purity oxalic acid for specialized applications further enhances market growth. Lastly, ongoing research and development efforts aimed at discovering new applications and improving production processes continue to foster market expansion, underscoring the robust growth trajectory of the oxalic acid market.

Report Scope

The report analyzes the Oxalic Acid market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Product Grade (Dihydrate, Amorphous, Solution); Application (Pharmaceutical, Chemicals, Rare Earth Sampling, Metal Processing, Agriculture, Other Applications).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Dihydrate Grade Oxalic Acid segment, which is expected to reach US$336.9 Million by 2030 with a CAGR of a 2.8%. The Amorphous Grade Oxalic Acid segment is also set to grow at 2.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $168.7 Million in 2024, and China, forecasted to grow at an impressive 4.2% CAGR to reach $139.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as ABCR GmbH & Co., KG., Alfa Chemistry, Ampak Chemicals Inc., BASF SE, CCL International Co., Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Oxalic Acid Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Oxalic Acid Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Oxalic Acid Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 22 major companies featured in this Oxalic Acid market report include:

• ABCR GmbH & Co., KG.
• Alfa Chemistry
• Ampak Chemicals Inc.
• BASF SE
• CCL International Co., Ltd.
• ClearTech
• Epoch Master Global Business (Jiangsu), Inc.
• Fujairah Chemical
• Gravitas Chemical, LLC
• HeFei DongFeng Genral Chemical Plant