The companies profiled in the Oxalic Acid market are Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, 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 sro and others
NEWARK, NJ, April 22, 2022 (GLOBE NEWSWIRE) — According to a recent Future Market Insights (IMF) study, the global oxalic acid market is expected to reach a valuation of US$1.19 billion by 2028. Oxalic acid serves almost every major end-use industry, including water treatment chemicals, petrochemicals, pharmaceuticals, and others.
The industrial sector in Asia-Pacific is growing at a substantial rate, thus increasing the demand for oxalic acid in the region. Additionally, growing water treatment concerns are expected to fuel the growth of global oxalic acid for the foreseeable future.
The potential impact of COVID-19
The novel coronavirus outbreak has swept across regions and the global economic order. With this in mind, the oxalic acid market is expected to witness a decline in value creation due to price volatility, near-term market uncertainties, and declining adoption across the majority of application areas. key apps.
Travel restrictions imposed by governments around the world will hamper the growth of the market, especially business activities that require face-to-face meetings. Additionally, logistical hurdles will remain a challenge, given the market’s near-term growth projections.
“The global healthcare landscape is changing rapidly and people are spending more on their health-related needs. Factors such as changing lifestyles, eating habits, sleeping patterns, etc. contribute to this change. As people become more and more health conscious, the demand for pharmaceuticals is increasing all over the world, which in turn leads to high consumption of oxalic acid.
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List of Key Players Covered in Oxalic Acid Market are:
- Mudanjiang Fengda Chemical Co., Ltd.
- Merck KGaA
- UBE Industries Ltd.
- Clariant International Limited
- Limited Indian Oxalate
- Shijiazhuang Taihe Chemical Co., Ltd.
- Spectrum Chemical Manufacturing Corp.
- Shandong Fengyuan Chemical Co., Ltd.
- Penta sro
Key Takeaways from Oxalic Acid Market Research
- Rising concerns over the need for sterilization of pharmaceutical equipment is expected to propel the demand for technical/pharmaceutical grade oxalic acid during the forecast period. Standard grade holds a major share of the oxalic acid market; however, this share is expected to decline over the forecast period.
- The market in Asia-Pacific is very diverse in terms of customer base, innovations and geopolitical conditions, as well as regulatory scenario. The GDP of this region is expected to grow significantly in the foreseeable future, which is expected to propel the growth of the oxalic acid market.
- The oxalic acid market in Asia-Pacific, including China, India, and Indonesia, is expected to gain momentum in the foreseeable future, owing to growing industrial activities and urbanization in the region .
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Market landscape: quite fragmented
The global oxalic acid market is quite fragmented, due to a number of players holding small market shares. The top ten established players make up more than half of the total supply. Manufacturers are focused on strengthening their partnerships with end users and government entities.
What does the future hold?
The global oxalic acid market is expected to grow at a moderate rate over the forecast period, owing to its growing demand in petrochemical industry in developing countries. Moreover, rising awareness about sterilization of medical equipment in both developed and developing countries is further expected to fuel the growth of the market. Increased awareness in these countries will help increase adoption of the product for the foreseeable future.
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Future Market Insights has published a market research report on Oxalic Acid market which contains 2013-2021 global industry analysis and 2022-2028 opportunity assessment. The report provides an in-depth analysis of the oxalic acid market across four different segments: quality, application, end-use, and region.
The Oxalic Acid market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects across the globe, and a detailed overview of the parent market.
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Detailed Table of Contents:
- Global Market Outlook
- Demand Side Trends
- Supply-side trends
- Analysis and recommendations
- Market overview
- Market Coverage / Taxonomy
- Market Definition / Scope / Limits
- Main market trends
- Key trends impacting the market
- Product Innovation / Development Trends
- Key factors of success
- Product Adoption / Usage Analysis
- USP/Product Features
- Strategic promotional strategies
- 2013-2021 Global Oxalic Acid Market Demand Analysis and Forecast, 2022-2028
- Historical Analysis of Market Volume (Litre), 2013-2021
- Current and Future Projections of Market Volume (Liter), 2022-2028
- Analysis of annual growth trends
- Global Oxalic Acid Market – Price Analysis
- Regional Price Analysis by Grade Type
- Prize Breakdown
- Manufacturer Level Pricing
- Pricing at distributor level
- Tariff margin
- Comparative analysis of world average prices
- Global Oxalic Acid Market Demand Analysis (by value or size in USD Million) 2013-2021 and forecast, 2022-2028
- Historical Market Value Analysis (USD Million), 2013-2021
- Current and Future Market Value Projections (USD Million), 2022-2028
- Analysis of annual growth trends
- Analysis of opportunities in absolute dollars
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