Oxalic Acid Market Size, Trends & Forecast 2025–2035
Oxalic Acid Market Size, Trends & Forecast 2025–2035
The global oxalic acid market is anticipated to reach a valuation of USD 961 million in 2025, progressing towards USD 1,551 million by 2035, at a CAGR of 5.9% during the forecast period. Oxalic acid, a colorless crystalline organic compound, has emerged as a versatile chemical, fueling its adoption across diverse industries such as pharmaceuticals, petrochemicals, water treatment, and electronics. Its superior bleaching and rust-removing properties make it invaluable in various applications.
Market Trends
- Increased Application in Pharmaceuticals: Growing demand for oxalic acid in the production of critical drugs such as tetracycline and borneol underscores its importance in healthcare.
- Rare Earth Elements Recovery: Oxalic acid is vital in smelting processes, especially in countries like China, where rare earth element extraction drives the market.
- Eco-friendly Cleaning Solutions: The demand for oxalic acid as a biodegradable cleaning agent continues to rise, reflecting global trends towards sustainability.
Key Market Drivers for Oxalic Acid Market
- Pharmaceutical Expansion: The rise in health awareness and increased expenditure on oral and general healthcare products.
- Industrial Growth in Asia-Pacific: China leads in oxalic acid production, contributing significantly to global supply.
- Sustainable Cleaning Agents: Oxalic acid’s properties as a natural rust remover and cleaner align with increasing environmental concerns.
Market Segmentation for Oxalic Acid Market
| Category | Sub-segment | Growth Insights |
|---|---|---|
| Grade | Standard, Pharma/Technical | Pharma-grade oxalic acid projected to grow at 5.7% CAGR. |
| Applications | Bleaching Agents, Stain Removers | Increasing adoption in textiles, wood, and healthcare sectors. |
| End-use Industries | Pharmaceuticals, Electronics, Petrochemicals | Pharmaceuticals dominate, driven by healthcare expansion. |
Restraining Factors for Oxalic Acid Market
While oxalic acid offers numerous benefits, its high toxicity remains a challenge, posing risks such as kidney damage and restrictive handling requirements.
Regional Insights for Oxalic Acid Market
- China: Dominates with 42.8% market share in 2024, leveraging rare earth element extraction.
- United States: Witnessing rapid growth in healthcare applications, with a CAGR of 4.9%.
- United Kingdom: Increasing adoption as a bleaching agent, especially in textiles and wood industries.
Competitive Landscape for Oxalic Acid Market
Leading players include:
- Oxaquim: Expanding production capacities to meet global demand.
- Merck KGaA: Innovating pharmaceutical-grade products.
- Clariant International: Focused on eco-friendly applications.
FAQs for Oxalic Acid Market Industry
- What is the market size of oxalic acid in 2025?
- USD 961 million.
- What drives the oxalic acid market?
- Pharmaceutical growth and rare earth smelting processes.
- Which region leads the market?
- East Asia, with China at the forefront.
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