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.
In terms of production side, this report researches the Oxalic Acid capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Oxalic Acid by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Oxalic Acid Scope and Segment
Oxalic Acid market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Oxalic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
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
Middle East & Africa
Turkey
Saudi Arabia
U.A.E