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Growing Concerns Over Surgical Site Infections To Propel Oxalic Acid Market: Key Factor Driving The Growth In The Oxalic Acid Market
The Oxalic Acid Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Oxalic Acid Market Size During the Forecast Period?
The steady increase in the size of the oxalic acid market has been observed in the past few years. An escalation from $1.25 billion in 2024 to $1.3 billion in 2025, reflecting an annual compounded growth rate of 4.0%, is expected. Factors contributing to its historical expansion include advancements in chemical manufacturing, the influence of the industrial revolution, the evolution of the textile industry, and the emergence of metal cleaning and rust elimination, as well as wood bleaching and stain removal practices.
Expectations are high for the oxalic acid market in the coming years, with projected robust growth. By 2029, it is anticipated to reach $1.61 billion, featuring a compound annual growth rate (CAGR) of 5.5%. This growth during the forecast period can be traced back to the expansion of applications in the medical and pharmaceutical sectors, green cleaning innovations, renewable feedstocks, developments in the food industry, and water treatment solutions. The period is also likely to see notable trends such as carbon capture and sequestration, selective oxidation procedures, antibacterial and antiviral characteristics, applications of nanostructured oxalic acid, and biodegradable formulas.
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What Are the High-Growth Segments in the Oxalic Acid Market?
The oxalic acid market covered in this report is segmented -
1) By Product Grade: Anhydrous, Dihydrate, Aqueous Solution
2) By Process: Oxidation Of Carbohydrates, CO Coupling Reaction, Oxidation Of Propylene, Sodium Formate Process
3) By Application: Bleaching And Purifying Agents, Reducing Agents, Stain And Rust Removers, Miticide, Precipitation Agents, Other Applications
4) By End Use: Petrochemicals, Water Treatment Chemicals, Metallurgy, Textiles And Leather, Pharmaceuticals, Electronics And Semiconductors, Wood Pulp, Bee-Hiving
Subsegments:
1) By Anhydrous: Technical Grade, Pharmaceutical Grade
2) By Dihydrate: Technical Grade, Pharmaceutical Grade
3) By Aqueous Solution: Industrial Grade, Laboratory Grade
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What Key Drivers Are Expected to Influence Future Oxalic Acid Market Growth?
Concerns about the escalation in surgical site infections are predicted to propel the oxalic acid market in the future. Surgical site infections (SSIs) denote infections happening at the surgical incision site or the layers of tissue impacted by the surgery. These infections can emerge post any surgical operation, from minor outpatient procedures to major surgeries. Oxalic acid, with its antimicrobial properties and potential activity against certain bacteria and fungi, can combat surgical site infections. In January 2024, the Centers for Disease Control and Prevention, a government agency from the US, reported approximately a 4% rise in the standardized infection ratio (SIR) for surgical site infections (SSI) across all NHSN operative procedure categories combined, compared to the prior year. Therefore, the growing worries about the escalation in surgical site infections will escalate the oxalic acid market.
Which Companies Hold the Largest Share Across Different Oxalic Acid Market Segments?
Major companies operating in the oxalic acid market include Honeywell International Inc., Merck KGaA, Clariant AG, UBE Corporation, Sigma-Aldrich Co. LLC, PCC Rokita SA, Shandong Fengyuan Chemical Co. Ltd, Alfa Aesar, Spectrum Chemical Manufacturing Corp., Punjab Chemicals And Crop Protection Ltd., Chongqing Changyuan Group Limited, Gem Chemicals, Penta s.r.o, Chemtex Specialty Limited, Shijiazhuang Taihe Chemical Co. Ltd., Lab-Chem Corporation, Noah Chemicals, PANGEA CHEMICALS PRIVATE LIMITEDPangea Chemicals Pvt Ltd, Nanjing Jiayi Sunway Chemical Co. Ltd., TRInternational Inc., Oxaquim S.A., Uranus Chemicals Co. Ltd., Mudanjiang Hongli Chemicals Co. Ltd., Star Oxochem Private Limited, Shanghai Yixin Chemical Co. Ltd., Shijiazhuang Xinlongwei Chemical Co. Ltd., Shandong Baovi Energy Technology Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Shandong Baoyuan Chemical Co. Ltd.
What Trends Are Driving Growth in The Oxalic Acid Market?
The trend of boosting investments is gaining popularity in the oxalic acid market. Major firms in this industry are focusing on augmenting their investments to cater to the growing demand and maintain their market standing. For example, Oxaquim S.A., an oxalic acid manufacturing company based in Spain, announced in May 2022, that it plans to escalate its annual production capacity from 20,000 to 25,000 metric tons. This increase will be achieved by investing 44 million euros ($47.05 million) for expanding their Alcaniz factory and constructing a new facility in Andorra. This augmentation will be able to cater to the anticipated demand for oxalic acid in the future.
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What Are the Emerging Geographies for The Oxalic Acid Market Growth?
Asia-Pacific was the largest region in the oxalic acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oxalic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Oxalic Acid Market?
2. What is the CAGR expected in the Oxalic Acid Market?
3. What Are the Key Innovations Transforming the Oxalic Acid Industry?
4. Which Region Is Leading the Oxalic Acid Market?
Why This Report Matters:
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