Dallas, TX -- (SBWire) -- 08/28/2018 --Adroit Market Research has published latest report on "Global Oxalic Acid Market 2018-2025" to their database. The report gives comprehensive analysis of industry size, key manufactures, emerging applications and business opportunities during forecast year.
The global oxalic acid market is anticipated to increase at a 4.0% CAGR from 2017 - 2025. Demand for this product is expected to be driven by the growth of key application sectors such as the pharmaceuticals, chemicals, and textile & leather. Development of the metallurgy & mining, agriculture, and pharmaceutical are expected to offer favorable opportunities for the industry growth.
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The anhydrous grade of oxalic acid is utilized in a wide array of industrial applications ranging from pharmaceutical to textiles. The product purity is usually in the range of 99.4-99.9% and is commercially available in crystallized and powdered compositions. Major consuming areas of this product grade include the production of pest control products such as miticides and manufacturing of drugs. In addition, this grade is suitably used for removing calcium carbonate from wastewater streams.
Asia was the largest market for oxalic acid and is expected to witness the fastest growth over the next few years. China and India are some of the major producers of oxalic acid in the Asia region. In 2016, China was the largest producer and consumer of oxalic acid. The region produces all the commercial grades of oxalic acid viz. anhydrous, dihydrate, and aqueous solutions. Rapid industrialization, availability of skilled labor, and presence of a wide consumer base are the chief growth driving factors that have stimulated the development of oxalic acid industry over the past few years. In 2016, the total production of oxalic acid in China exceeded 200 kilo tons, while in India it reached approximately 33 kilo tons. Both the countries have strong production capabilities with the presence of a large number of market players.
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Key Segments of the Global Oxalic Acid Market
Product Grade Overview, 2015-2025(USD Million)
- Dihydrate
- Anhydrous
- Solution
Application Overview, 2015-2025(USD Million)
- Pharmaceutical
- Rare Earth Sampling
- Metal Processing
- Agriculture
- Chemicals
- Textile & leather
- Others
Regional Overview, 2015-2025(USD Million)
- North America
- S.
- Europe
- Germany
- Asia
- China
- Rest of the World (RoW)
The report has analyzed several players in the market, some of which include
- UBE Industries, Ltd.
- Punjab Chemicals & Crop Protection Limited (PCCPL)
- Oxaquim S.A.
- WeylChem International GmbH
- Radiant Indus Chem Private Limited (RICPL)
- Qingzhou Aoxing Chemical Co., Ltd.
- Alfa Aesar
- Others
In terms of demand, Europe is likely to account for a market share of more than 18% by the end of the forecast period. The market growth of oxalic acid in this region is expected to remain stable over the years ahead. Presence of a well-established pharmaceutical and agrochemicals industry in the region is expected to support the stabilized market growth. This scenario is expected to be reflected mainly in the European Union.
Production of oxalic acid can be achieved through various synthetic and biobased routes. Owing to its biobased precursors mainly molasses and ethylene glycol, the product is expected to gain importance as a biochemical intermediate in the future. This is likely to favor the product development and its consumption across all geographies during the forecast period.
Punjab Chemical and Crop Protection Limited (PCCPL), Alfa Aesar, UBE Industries Ltd., Oxaquim S.A, Radiant Indus Chem Pvt. Ltd. (RICPL), and Star Oxochem Pvt. Ltd. are some of the key global players.
Table of Contents:
Chapter 1. Research Methodology
Chapter 2. Executive Summary
Chapter 3. Global Oxalic Acid Market Outlook
Chapter 5. Global Oxalic Acid Market, Application Overview
Chapter 6. Global Oxalic Acid Market, Regional Overview
Chapter 7. Competitive Landscape
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Oxalic Acid Market 2018 Global Analysis by Raw Materials, Product Catalogs, Demand, Growth, Applications Overview and Industry Forecast Research Report to 2025
New Study on “Global Oxalic Acid Market Size 2016 By Product Grade, Application, Region and Forecast 2018 to 2025” added to Adroit Market Research's Database. Oxalic acid market study on global size shows market will garner $359 million by 2025.