Global Oxalic Acid Market Size Study, by Application, by End-Use Industry and Regional Forecasts 2022-2032

Description

The Global Oxalic Acid Market is valued approximately at USD 1.2 billion in 2023 and is anticipated to grow with a robust CAGR of 5.20% over the forecast period 2024-2032.Oxalic acid, a widely used organic compound, finds extensive applications across diverse industries such as cleaning and surface treatment, pharmaceuticals, textile dyeing, and water treatment. Its high efficiency in rust removal, metal cleaning, and bleaching makes it indispensable in industrial operations. Additionally, the pharmaceutical sector leverages oxalic acid for its critical role in the production of antibiotics and other compounds. This multi-functional compound aligns seamlessly with growing industrial demands, driving the market upward.

The escalating adoption of oxalic acid in cleaning and surface treatment applications is reshaping the market dynamics. Its exceptional efficacy in rust removal and its environmentally friendly properties appeal to industries striving to meet sustainability goals. The pharmaceutical sector also contributes significantly to market growth due to the compound's usage in advanced drug formulations. However, challenges such as health hazards associated with overexposure and stringent regulations regarding usage are anticipated to moderate the growth trajectory. Despite this, ongoing innovations in application methodologies and eco-friendly production techniques are opening new opportunities for market expansion.

The regional analysis of the Global Oxalic Acid Market reveals diverse growth trajectories. North America, driven by its advanced industrial infrastructure and increasing demand from pharmaceutical and cleaning industries, holds a significant share. Europe also demonstrates strong market performance, fueled by stringent environmental regulations and a focus on sustainable solutions. Meanwhile, the Asia-Pacific region is poised for the fastest growth, underpinned by expanding industrial activities in countries like China and India and the rapid development of the textile and automotive sectors. Emerging economies in Latin America and the Middle East & Africa exhibit steady growth potential, supported by increasing investments in industrial modernization.

Major market players included in this report are:

BASF SE
Merck KGaA
Indian Oxalate Ltd.
UBE Industries Ltd.
Oxaquim S.A.
Clariant AG
Mitsubishi Chemical Corporation
Zibo Xinhua Chemical Co., Ltd.
DuPont de Nemours, Inc.
Lonza Group AG
Shandong Yuanli Science and Technology Co., Ltd.
Mudanjiang Fengda Chemicals Co., Ltd.
Sisco Research Laboratories Pvt. Ltd.
Alfa Aesar
Tokyo Chemical Industry Co., Ltd.

The detailed segments and sub-segment of the market are explained below:

By Application

Cleaning and Surface Treatment
Pharmaceutical and Healthcare
Textile and Dyeing
Others

By End-Use Industry

Pharmaceutical and Healthcare
Textile
Metal Cleaning and Surface Treatment
Automotive
Electronic
Water Treatment
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Oxalic Acid Market Executive Summary

1.1. Global Oxalic Acid Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By End-use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Oxalic Acid Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Oxalic Acid Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand in Cleaning and Surface Treatment
- 3.1.2. Growing Pharmaceutical and Healthcare Applications
- 3.1.3. Expansion in Textile and Dyeing Industries
3.2. Market Challenges
- 3.2.1. Health Hazards and Handling Issues
- 3.2.2. Availability of Alternative Compounds
3.3. Market Opportunities
- 3.3.1. Rising Demand in Human Dietary Supplements
- 3.3.2. Innovations in Chemical Intermediates
- 3.3.3. Expansion in Emerging Markets

Chapter 4. Global Oxalic Acid Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Oxalic Acid Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Oxalic Acid Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion/Billion)
- 5.2.1. Cleaning and Surface Treatment
- 5.2.2. Pharmaceutical and Healthcare
- 5.2.3. Textile and Dyeing
- 5.2.4. Others

Chapter 6. Global Oxalic Acid Market Size & Forecasts by End-use Industry 2022-2032

6.1. Segment Dashboard
6.2. Global Oxalic Acid Market: End-use Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion/Billion)
- 6.2.1. Pharmaceutical and Healthcare
- 6.2.2. Textile
- 6.2.3. Metal Cleaning and Surface Treatment
- 6.2.4. Automotive
- 6.2.5. Electronic
- 6.2.6. Water Treatment
- 6.2.7. Others

Chapter 7. Global Oxalic Acid Market Size & Forecasts by Region 2022-2032

7.1. North America Oxalic Acid Market
- 7.1.1. U.S. Oxalic Acid Market
  - 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. End-use Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Oxalic Acid Market
7.2. Europe Oxalic Acid Market
- 7.2.1. UK Oxalic Acid Market
- 7.2.2. Germany Oxalic Acid Market
- 7.2.3. France Oxalic Acid Market
- 7.2.4. Spain Oxalic Acid Market
- 7.2.5. Italy Oxalic Acid Market
- 7.2.6. Rest of Europe Oxalic Acid Market
7.3. Asia-Pacific Oxalic Acid Market
- 7.3.1. China Oxalic Acid Market
- 7.3.2. India Oxalic Acid Market
- 7.3.3. Japan Oxalic Acid Market
- 7.3.4. Australia Oxalic Acid Market
- 7.3.5. South Korea Oxalic Acid Market
- 7.3.6. Rest of Asia Pacific Oxalic Acid Market
7.4. Latin America Oxalic Acid Market
- 7.4.1. Brazil Oxalic Acid Market
- 7.4.2. Mexico Oxalic Acid Market
- 7.4.3. Rest of Latin America Oxalic Acid Market
7.5. Middle East & Africa Oxalic Acid Market
- 7.5.1. Saudi Arabia Oxalic Acid Market
- 7.5.2. South Africa Oxalic Acid Market
- 7.5.3. Rest of Middle East & Africa Oxalic Acid Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Merck KGaA
- 8.1.3. Indian Oxalate Ltd.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Merck KGaA
- 8.3.3. Indian Oxalate Ltd.
- 8.3.4. UBE Industries Ltd.
- 8.3.5. Oxaquim S.A.
- 8.3.6. Clariant AG
- 8.3.7. Mitsubishi Chemical Corporation
- 8.3.8. Zibo Xinhua Chemical Co., Ltd.
- 8.3.9. DuPont de Nemours, Inc.
- 8.3.10. Lonza Group AG

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes