Oxalic acid, a white, crystalline, water-soluble, poisonous acid, first discovered in the juice of the wood sorrel species of oxalis and obtained by reacting carbon monoxide with sodium hydroxide or certain carbohydrates with acids or alkalis: Mainly used for bleaching, the rare earth industry, the pharmaceutical industry and metal processing industries.
Market Analysis and Insights: Global Oxalic Acid Market
Due to the COVID-19 pandemic, the global Oxalic Acid market size is estimated to be worth US$ 678.4 million in 2022 and is forecast to a readjusted size of US$ 631 million by 2028 with a CAGR of -1.2% during the review period. Fully considering the economic change by this health crisis, Industrial Grade accounting for % of the Oxalic Acid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Pharmaceutical segment is altered to an % CAGR throughout this forecast period.
China is the largest Oxalic Acid market with about 71% market share. EU&US is follower, accounting for about 8% market share.
The key players are Oxaquim, Punjab Chemicals, Ube Industries, Indian Oxalate, Star Oxochem, Uranus Chemicals, GEM Chemical, Yuanping Chemical, etc. Top 3 companies occupied about 52% market share.
Global Oxalic Acid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Oxalic Acid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Industrial Grade
Refined Grade
Segment by Application
Pharmaceutical
Rare Earth
Fine Chemicals
Textile
By Company
Oxaquim
Punjab Chemicals
Star Oxochem
Indian Oxalate
Uranus Chemicals
Ube Industries
LonG ShinE Industry
Fengyuan Chemical
Dongfeng Chemical
GEM Chemical
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina