Oxalic Acid Market



Oxalic Acid Market
Oxalic Acid Market
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Report Description
Oxalic acid is a colorless, crystalline substance with sharp, sour taste. Oxalic acid is at high
concentration can be a dangerous poison. It’s a part of carboxylic acid family.Oxalic acid is
soluble in water, alcohol and ether. Oxalic acid is widely used as bleaching or cleaning
agent. Oxalic acid is used as a mordant in dying process. Oxalic acid is used in
pharmaceutical to purification or dilution purpose.Another important application of
oxalic acid is to smelt rare earth. Oxalic acid is used as bleaching agent in textile and
wood industry. Oxalic acid plays a vital role as rust-remover for metal treatment industry
as well as water treatment. The estimated oxalic acid consumption was about 190 million
metric tons at the end of 2009.
Oxalic Acid Market: Drivers and restraints
The exponential growth in pharmaceutical and rare earths industry, is the major
contributor to the growth of Oxalic Acid Market. The use of Oxalic Acid in bleaching and
cleaning purpose at various industrial/household application is a positive indicator in the
expected growth of oxalic acid market. The growing concern towards sterilization in
industry also drive the demand of oxalic acid market.
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On the other hand, due to its toxic and corrosive nature, industrial as well as household
use and handling might create restrain in the demand of Oxalic acid. The excessive
Report Description
Oxalic Acid Market: Segmentation
On the basis of application, global Oxalic Acid Marketis segmented into:
• Rare earth Industry
• Pharmaceuticals
• Textile
• Other (Cleaning, Surface Dust Removal.)
On the basis of manufacturing process, the global Oxalic Acid Marketis segmented into:
• Nitric Acid Oxidation Process
• Sodium Formate Dehydrogenation Process
• Dialkyl Oxalate Hydrolysis Process
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Oxalic Acid Market: Region Wise Outlook
Asia is estimated to be the largest consumer of oxalic acid in the world by volume
.Especially China is a major consumer, producer as well as exporter of oxalic acid. The
exponential growth in rare earth industry, pharmaceutical as well as textiles are the
major factors behind the rise of oxalic acid consumption in Asian countries.
Report Description
Europe is estimated to be one of the fastest growing market for oxalic acid. USA due to its
growth in application sector is also indicating positive prospect to the demand in oxalic
acid consumption.
Oxalic Acid Market: Key market Players
Some of the market producers of the global oxalic acid market are Shanxi Province
Yuanping Chemicals Co., Ltd., Ube industries, ltd., Oxaquim S.A. ,Tongliao Jinmei
Chemicals Co.,Ltd, Indian Oxalate Ltd. and others
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