Global Oxalic Acid Market Projected to grow at a CAGR of 4% during 2018-2025

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Dallas, United States - June 15, 2018 /MarketersMedia/ —

The global oxalic acid market reached USD 547 million in 2016 and is expected to witness expansion at a CAGR of more than 4% during the forecast period from 2018 to 2021

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Key industry insights
• Based on grades, the industry is classified as dihydrate, anhydrous, and solution types. The dihydrate grade is a high purity formulation with product purity above 99.5%. In 2016, oxalic acid dihydrate constituted a revenue share of over 45% and is expected to maintain its dominant position among other major grades during the forecast period
• Production of oxalic acid can be achieved through various synthetic and biobased routes. Owing to the utilization of biobased precursors, mainly molasses and ethylene glycol, the product is expected to gain importance as a biochemical intermediate in the future.
• In 2017, imports of the product along with its derivatives in Asia totaled 25.3 kilo tons, procured at a price of approximately USD 1.4 per kg. In the same year, the total export volume dispatched from the region reached 13.6 kilo tons worth USD 18.3 million.
• The major applications of the product include chemical manufacturing, pharmaceutical, textile & leather, rare earth sampling, agriculture, and metal processing
• In 2016, the pharmaceutical segment accounted for the largest application share of the global oxalic acid market. The product demand in this application is projected to witness a significant rise at a CAGR exceeding 3.4% by 2021.
• In 2017, Asia constituted the largest product demand followed by Europe and North America respectively. Presence of a broad industrial base and constantly developing application sectors such as pharmaceutical, textile & leather, metallurgy, and agriculture is expected to drive the product demand from 2018 to 2021.
• Punjab Chemicals & Crop Protection Limited (PCCPL), Radiant Indus Chem Private Limited (RICPL), Shandong Fengyuan Chemical Stock Co. Ltd, Oxaquim S.A., Qingzhou Aoxing Chemical Co., Ltd, Alfa Aesar, LabChem Inc., and WeylChem International GmbH are a few of the major players operating in the global oxalic acid market

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Reasons for the study
• The aim of the study is to provide a detailed interpretation of the global oxalic acid market
• We have been tracking various trends pertaining to the global carboxylic acids sector. As an extension to this market, we analyzed that certain carboxylic acids such as citric and oxalic types have been witnessing considerable developments mainly in the Asia Pacific and Europe regions.
• While studying the global industry, we found out that the major grades of the product such as dihydrate are significantly traded and consumed across the globe
• We have also analyzed the historic import-export data of the product and its derivatives in order to gauge trade and price patterns across all geographies
• During research on the global oxalic acid market, we studied and mapped down the product portfolio and its target applications of key players in each region, to gain a thorough understanding of the product aspects and its penetration in each of the applications or end-uses

Key segments

• Product Grade Overview, 2012 – 2021 (Volume) (Revenue)
Dihydrate
Amorphous
Solution

• Application Overview, 2012 – 2021 (Volume) (Revenue)
Pharmaceutical
Rare Earth Sampling
Metal Processing
Agriculture
Chemical Manufacturing
Textile & Leather
Others

• Regional Overview, 2012 – 2021 (Volume) (Revenue)
North America
U.S.
Europe
Germany
Asia
China
Rest of the World (RoW)

The report has analyzed several players in the market, some of which include
• UBE Industries, Ltd.
• Punjab Chemicals & Crop Protection Limited (PCCPL)
• Oxaquim S.A.
• WeylChem International GmbH
• Radiant Indus Chem Private Limited (RICPL)
• Qingzhou Aoxing Chemical Co., Ltd.
• Alfa Aesar
• Others

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What does the report include?
• Significant market factors such as drivers, restraints, and opportunities have been discussed in the study. It also covers the value chain from raw materials to the end-users noting trends of integration.
• A separate section in the study addresses the project investment feasibility (cost breakdown) for oxalic acid
• The study examines the market using SWOT analysis
• Raw material outlook comprising qualitative data on process routes, product precursors, and raw material pricing
• Profiles of key companies have been provided in the report that include financial performance, product grade, and production capabilities for the base year (2016)

Who should buy this report?

This study is suitable for industry participants and stakeholders in the carboxylic acid, chemical manufacturing, pharmaceutical, and carboxylic acid derivatives sectors, who want an in-depth insight into the movement of the global oxalic acid market. The report will benefit:
• Executives of oxalic acid manufacturing companies as well as companies that are engaged in the supply of raw materials and distribution & supply to make strategic investments decisions for faster ROI
• Venture capitalist looking into investing capital for turnkey projects for manufacture of oxalic acid and its derivatives
• Industry participants working in key end-use sectors such as fine chemicals, agriculture, analytical chemistry, textile & leather, and pharmaceutical
• Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies

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Release ID: 360747