According to TechSci Research report, “Oxalic Acid Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Oxalic Acid Market stood at USD1.24 billion in 2023 and is anticipated to grow with a CAGR of 4.07% in the forecast period, 2025-2029. Initiatives taken by government based on oxalic acid has led to favorable market conditions for the Global Oxalic Acid Market. Several factors contribute to the growth of various oxalic acid products.
One such initiative that has gained attention is the exemption from the requirement of a tolerance for residues of oxalic acid on honey and honeycomb, as established by the Federal Register. This regulation, which has been put in place, allows for the use of oxalic acid in beekeeping practices, specifically in the treatment of Varroa mites, a significant and destructive threat to honey bee colonies.
The United States Department of Agriculture (USDA) has not only recognized oxalic acid dihydrate as a substance that can be used in organic farming but also supports its application in the agricultural sector. This recognition of oxalic acid’s effectiveness and safety in agriculture has opened up new and promising possibilities for its utilization in various farming practices, contributing to the overall improvement of crop yields and sustainability. With its proven track record in combating pests and promoting plant health, oxalic acid is emerging as a valuable tool in the hands of farmers and growers, revolutionizing the way we approach pest management and crop protection.
As the agricultural the industry continues to evolve, the inclusion of oxalic acid in farming practices represents a significant step towards sustainable and environmentally friendly solutions. Its integration into organic farming practices not only enhances the productivity of crops but also ensures the preservation of the ecosystem by reducing the reliance on synthetic chemicals. This move towards organic and sustainable agriculture aligns with the growing consumer demand for healthier and more environmentally conscious food choices.
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The ongoing research and development (R&D) initiatives are primarily centered around enriching product offerings and exploring groundbreaking applications of oxalic acid in diverse sectors like pharmaceuticals, textiles, and electronics. Moreover, the dedicated researchers are actively striving to enhance the production process by introducing greater efficiency and ensuring environmental sustainability. Through these concerted efforts, the aim is to unlock new possibilities and drive innovation in the utilization of oxalic acid across various industries.
The Global Oxalic Acid Market is segmented into product grade, application, regional distribution, and company.
Based on its product grade, the dihydrate segment held the largest market share in the forecast period. The production of oxalic acid dihydrate is generally simpler and less energy-intensive compared to the production of anhydrous oxalic acid. This is due to the fact that dihydrate is formed by combining oxalic acid with water molecules, while anhydrous oxalic acid requires the removal of water. The simplified production process of oxalic acid dihydrate results in lower production costs, making it a more price-competitive option for both manufacturers and end users. Additionally, the presence of water molecules in dihydrate provides certain advantages in terms of stability and handling.
Based on region, Asia Pacific segment is expected to grow during the forecast period.
The growing demand for oxalic acid from the pharmaceutical sector across Asian countries, including India, China, and Japan, is one of the primary factors driving the growth of the target industry in the Asia-Pacific region. This demand is fueled by the increasing use of oxalic acid in various pharmaceutical applications, such as drug synthesis and formulation. In addition, the Asia-Pacific region, particularly China, stands out as one of the world’s largest producers and consumers of oxalic acid. The abundant availability of raw materials and favorable government policies further contribute to China’s dominance in oxalic acid production. With its robust manufacturing capabilities and expanding pharmaceutical market, China plays a pivotal role in shaping the growth trajectory of the oxalic acid industry in the Asia-Pacific region.
Major companies operating in Global Oxalic Acid Market are:
- Mudanjiang Fengda Chemical Co., Ltd.
- Oxaquim SA
- Merck KGaA
- UBE Industries Ltd.
- Clariant International Limited
- Indian Oxalate Limited
- Shijiazhuang Taihe Chemical Co., Ltd.
- Spectrum Chemical Manufacturing Corp.
- Shandong Fengyuan Chemical Co., Ltd.
- Penta s.r.o
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“Oxalic acid is an effective cleaning agent and is used in household cleaning products, rust removers, and industrial cleaners. The increasing demand for cleaning products, driven by hygiene awareness and industrial cleaning applications, has been fueling the demand for oxalic acid.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Global Oxalic Acid Market By Product Grade (Anhydrous, Dihydrate, Aqueous Solution), By Application (Bleaching & Purifying Agents, Reducing Agents, Stain & Rust Removers, Miticide, Precipitation Agents), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of Global Oxalic Acid Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Oxalic Acid Market.
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