Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Oxalic Acid Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Oxalic Acid Industry in 2024 and 2025?
The market for oxalic acid has experienced a consistent growth in the past few years. The market size is predicted to increase from $1.25 billion in 2024 to $1.28 billion in 2025, with a compound annual growth rate of 2.5%.
What Is the Projected Market Size of the Oxalic Acid Market in 2029?
The Oxalic Acid market is predicted to reach $1.57 billion by 2029, expanding at a compound annual growth rate (CAGR) of 5.1%.
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What Are the Key Drivers of Oxalic Acid Market Growth?
The key Drivers in the oxalic acid market are:
• Oxalic acid's antimicrobial properties and potential activity against certain bacteria and fungi
• The use of oxalic acid in preventing surgical site infections
• Increase in surgical procedures which utilize oxalic acid
• Rising health concerns regarding surgical site infections.
What Are the Primary Segmentation Categories in the Oxalic Acid Market?
The oxalic acidmarket covered in this report is segmented –
1) By Product Grade: Anhydrous, Dihydrate, Aqueous Solution
2) By Process: Oxidation Of Carbohydrates, CO Coupling Reaction, Oxidation Of Propylene, Sodium Formate Process
3) By Application: Bleaching And Purifying Agents, Reducing Agents, Stain And Rust Removers, Miticide, Precipitation Agents, Other Applications
4) By End Use: Petrochemicals, Water Treatment Chemicals, Metallurgy, Textiles And Leather, Pharmaceuticals, Electronics And Semiconductors, Wood Pulp, Bee-Hiving
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What Are the Major Trends Shaping the Oxalic Acid Market in 2025 and Beyond?
The key trends in the oxalic acid market are:
• Major companies in the oxalic acid market are focusing on augmenting their investments.
• Enhancing production capacity is becoming a key trend in this sector.
• There is a rising emphasis on meeting future demand for oxalic acid.
• Development of new production facilities is another emerging trend in the market.
Who Are the Emerging Players in the Oxalic Acid Market?
The key players in the oxalic acid market are:
• Honeywell International Inc.
• Merck KGaA
• Clariant AG
• UBE Corporation
• Sigma-Aldrich Co. LLC
• PCC Rokita SA
• Shandong Fengyuan Chemical Co. Ltd
• Alfa Aesar
• Spectrum Chemical Manufacturing Corp.
• Punjab Chemicals And Crop Protection Ltd.
• Chongqing Changyuan Group Limited
• Gem Chemicals
• Penta s.r.o
• Chemtex Specialty Limited
• Shijiazhuang Taihe Chemical Co. Ltd.
• Lab-Chem Corporation
• Noah Chemicals
• PANGEA CHEMICALS PRIVATE LIMITEDPangea Chemicals Pvt. Ltd.
• Nanjing Jiayi Sunway Chemical Co. Ltd.
• TRInternational Inc.
• Oxaquim S.A.
• Uranus Chemicals Co. Ltd.
• Mudanjiang Hongli Chemicals Co. Ltd.
• Star Oxochem Private Limited
• Shanghai Yixin Chemical Co. Ltd.
• Shijiazhuang Xinlongwei Chemical Co. Ltd.
• Shandong Baovi Energy Technology Co. Ltd.
• Hefei TNJ Chemical Industry Co. Ltd.
• Shandong Baoyuan Chemical Co. Ltd.
Which Regions Are Leading the Growth in the Global Oxalic Acid Market?
Asia-Pacific was the largest region in the oxalic acid market in 2024
