Oxalic acid is a naturally-occurring compound that is found in many plants, including spinach, rhubarb, and beets. It is also found in some insects and fungi. It is a strong acid with a sour taste and is used as a bleaching agent, cleaning agent, and rust remover. It is also an important ingredient in many foods and medicines.
Oxalic acid is used in a variety of industries, including textiles, leather, and woodworking. It is used for bleaching and dyeing, as well as in the manufacture of paper products. It is also used as a food preservative, to prevent the growth of fungi and bacteria. In the medical field, oxalic acid is used to treat kidney stones, as well as to treat some types of skin infections.
On a global scale, oxalic acid is produced by a variety of industries, and is used in a wide range of applications. It is widely available in many countries, and is relatively inexpensive. It is also considered to be relatively safe to use, although exposure to high concentrations can cause skin irritation and respiratory problems.
The global Oxalic Acid market was valued at US$ 678.4 million in 2022 and is anticipated to reach US$ 622.8 million by 2029, witnessing a CAGR of -1.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Oxalic Acid Market available at: https://www.themarketreports.com/report/global-oxalic-acid-market-research-report
This report aims to provide a comprehensive presentation of the global market for Oxalic Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Oxalic Acid.
The key players are Clariant, Oxaquim, Ube Industries, Indian Oxalate, Star Oxochem, PCCPL, RICPL, Uranus Chemicals, Mudanjiang Hongli Chemicals, GEM Chemical, Yuanping Chemical, Shaowu Fine Chemical, Shandong Fengyuan Chemical, Dongfeng Chemical etc. Top 3 companies occupied about 52% market share.
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