Global Oxalic Acid Market Expected To Grow At A CAGR Of 6.2% Over 2018-2022

Date: 2018-03-27

Oxalic acid is an organic compound with the formula C2H2O4. It is a colorless crystalline solid that forms a colorless solution in water. Its condensed formula is HOOCCOOH, reflecting its classification as the simplest dicarboxylic acid. Its acid strength is much greater than that of acetic acid.

The growing demand for pharmaceutical industry is one of main drivers to fuel the growth for the Oxalic Acid market as Oxalic acid is used in pharmaceutical industry for production of medicines such as aureomycin, tetracycline, oxytetracycline, and so on, and also for purification or dilution purpose., according to a brand new research, the global Oxalic Acid market is expected to grow at A CAGR of 6.2% over 2018-2022.

Geographically, Asia Pacific is expected to be the largest market of oxalic acid around the world. China is the largest producer, and also the largest consumer, and exporter of oxalic acid due to it has the world largest textiles, chemical factories base. The tremendous growth in rare earth industry, textiles, and pharmaceuticals is the main factor behind the increase in oxalic acid industry in Asian countries.

Base on the application, oxalic acid market can be split into rare earth industry, textile, pharmaceuticals, cleaning and bleaching, dying and printing, developing photographic films, beekeepers, surface dust removal, daily use chemicals, and so on.

Global top manufacturers operating in Oxalic Acid Market are Radiant Indus, Clariant, Mudanjiang Hongli, Hill Brothers Chemical Co., Shanxi Province Yuanping Chemicals Co. Ltd, Shijiazhuang Taihe Chemical Co. Ltd., Uranus Chemicals Co. Ltd, Oxaquim S.A., Ube Industries Ltd., Tongliao Jinmei Chemicals Co. Ltd., Indian Oxalate Ltd., Clariant International Ltd and Labchem Inc among others.

Global Oxalic Acid market share by region as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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