Market Overview:
The global oxalic acid dihydrate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for rare earths, pharmaceuticals, and textiles. Oxalic acid dihydrate is used as a precursor for the production of rare earths, which are used in various applications such as magnets, lasers, and lighting fixtures. It is also used in pharmaceuticals and textile industries owing to its properties such as corrosion inhibition and chelating agent. In addition, rising demand from emerging economies is expected to boost the growth of the market during the forecast period.
Product Definition:
a crystalline organic acid, HOOC-COOH·2HO, that is a natural constituent of many plants and is used as an insecticide, wood preservative, and in the manufacture of other chemicals.
Biosynthesis Oxalic Acid Dihydrate:
Biosynthesis of oxalic acid dihydrate (Oxa) is a two-step process. First, the enzyme pyruvate dehydrogenase is used to convert pyruvate to oxalic acid and then hydrogen gas is evolved as an intermediate product during the second step of biosynthesis.
Chemical Synthesis Oxalic Acid Dihydrate:
Chemical synthesis of oxalic acid dihydrate is a process in which, a combination of formaldehyde and sodium cyanide is utilized to create the chemical. The end product after this process is known as oxalic acid dihydrate. It has numerous applications such as it can be utilized for the production of adhesives, paints & coatings, rubber chemicals, and printing inks among others.
Application Insights:
The rare earth industry was the largest application segment in 2017 and accounted for a market share of over 30% in terms of revenue. The product is widely used as a raw material for the production of cerium oxide, lanthanum hydroxide, neodymium hydroxide, praseodymium hydroxide and samarium carbonate. Oxalic acid dihydrate is also used as an intermediate chemical in various industries including pharmaceuticals, textiles and others.
Pharmaceuticals were the second-largest application segment accounting for a share of 26% in terms of revenue on account of its use as an antacid agent to treat heartburn or indigestion caused due to improper digestion.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region has a large number of rare earth elements (REE) reserves that are mined for producing magnets, steel, ceramics, glass and other products. China is one of the major producers as well as consumers of oxalic acid dihydrate in this region owing to easy availability of raw materials at low cost.
China’s rapid urbanization coupled with increasing population has led to increased consumption for construction activities such as building houses and roads which drives industry growth further. In addition, rising demand from end-use industries such as pharmaceuticals will drive growth during the forecast period. Europe accounted for a significant share in 2016 due to high production volume along with magnet manufacturing facilities present across Ural Mountains region Russia & Turkey). However; it is expected witness sluggish growth over the next eight years on account of mature markets present across Germany and UK).
Growth Factors:
- Increasing demand from the pharmaceutical and agrochemical industries as a precursor to various drugs and pesticides.
- Growing application of oxalic acid in leather tanning, textile bleaching, wood pulp processing, and other industrial processes.
- Rising awareness about the benefits of oxalic acid among consumers for household applications such as rust removal, metal polishing, cleaning stained surfaces etc.
- Technological advancements that have made oxalic acid more efficient and economical to produce resulting in higher demand from manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Oxalic Acid Dihydrate Market Research Report
By Type
Biosynthesis Oxalic Acid Dihydrate, Chemical Synthesis Oxalic Acid Dihydrate
By Application
Rare Earth Industry, Pharmaceuticals, Textile, Others
By Companies
Clariant, Ube Industries, HeFei DongFeng General Chemicals, Hill Brothers Chemical, Indian Oxalate, LabChem, Mudanjiang Hongli Chemicals, Orica Australia, Punjab Chemicals & Crop, Radiant Indus Chem, Clariant, Star Oxochem, Uranus Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Oxalic Acid Dihydrate Market Report Segments:
The global Oxalic Acid Dihydrate market is segmented on the basis of:
Types
Biosynthesis Oxalic Acid Dihydrate, Chemical Synthesis Oxalic Acid Dihydrate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Rare Earth Industry, Pharmaceuticals, Textile, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Clariant
- Ube Industries
- HeFei DongFeng General Chemicals
- Hill Brothers Chemical
- Indian Oxalate
- LabChem
- Mudanjiang Hongli Chemicals
- Orica Australia
- Punjab Chemicals & Crop
- Radiant Indus Chem
- Clariant
- Star Oxochem
- Uranus Chemicals
Highlights of The Oxalic Acid Dihydrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Biosynthesis Oxalic Acid Dihydrate
- Chemical Synthesis Oxalic Acid Dihydrate
- By Application:
- Rare Earth Industry
- Pharmaceuticals
- Textile
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oxalic Acid Dihydrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oxalic acid dihydrate is a white crystalline powder that is soluble in water. It has a sour, acidic taste and can cause irritation to the skin and eyes. Oxalic acid dihydrate is used as an additive in food products to increase their tartness and bitterness.
Some of the key players operating in the oxalic acid dihydrate market are Clariant, Ube Industries, HeFei DongFeng General Chemicals, Hill Brothers Chemical, Indian Oxalate, LabChem, Mudanjiang Hongli Chemicals, Orica Australia, Punjab Chemicals & Crop, Radiant Indus Chem, Clariant, Star Oxochem, Uranus Chemicals.
The oxalic acid dihydrate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oxalic Acid Dihydrate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oxalic Acid Dihydrate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oxalic Acid Dihydrate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oxalic Acid Dihydrate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oxalic Acid Dihydrate Market Size & Forecast, 2018-2028
4.5.1 Oxalic Acid Dihydrate Market Size and Y-o-Y Growth
4.5.2 Oxalic Acid Dihydrate Market Absolute $ Opportunity
Chapter 5 Global Oxalic Acid Dihydrate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Oxalic Acid Dihydrate Market Size Forecast by Type
5.2.1 Biosynthesis Oxalic Acid Dihydrate
5.2.2 Chemical Synthesis Oxalic Acid Dihydrate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oxalic Acid Dihydrate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Oxalic Acid Dihydrate Market Size Forecast by Applications
6.2.1 Rare Earth Industry
6.2.2 Pharmaceuticals
6.2.3 Textile
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oxalic Acid Dihydrate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oxalic Acid Dihydrate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Oxalic Acid Dihydrate Analysis and Forecast
9.1 Introduction
9.2 North America Oxalic Acid Dihydrate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Oxalic Acid Dihydrate Market Size Forecast by Type
9.6.1 Biosynthesis Oxalic Acid Dihydrate
9.6.2 Chemical Synthesis Oxalic Acid Dihydrate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Oxalic Acid Dihydrate Market Size Forecast by Applications
9.10.1 Rare Earth Industry
9.10.2 Pharmaceuticals
9.10.3 Textile
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Oxalic Acid Dihydrate Analysis and Forecast
10.1 Introduction
10.2 Europe Oxalic Acid Dihydrate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Oxalic Acid Dihydrate Market Size Forecast by Type
10.6.1 Biosynthesis Oxalic Acid Dihydrate
10.6.2 Chemical Synthesis Oxalic Acid Dihydrate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Oxalic Acid Dihydrate Market Size Forecast by Applications
10.10.1 Rare Earth Industry
10.10.2 Pharmaceuticals
10.10.3 Textile
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Oxalic Acid Dihydrate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oxalic Acid Dihydrate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Oxalic Acid Dihydrate Market Size Forecast by Type
11.6.1 Biosynthesis Oxalic Acid Dihydrate
11.6.2 Chemical Synthesis Oxalic Acid Dihydrate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Oxalic Acid Dihydrate Market Size Forecast by Applications
11.10.1 Rare Earth Industry
11.10.2 Pharmaceuticals
11.10.3 Textile
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Oxalic Acid Dihydrate Analysis and Forecast
12.1 Introduction
12.2 Latin America Oxalic Acid Dihydrate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Oxalic Acid Dihydrate Market Size Forecast by Type
12.6.1 Biosynthesis Oxalic Acid Dihydrate
12.6.2 Chemical Synthesis Oxalic Acid Dihydrate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Oxalic Acid Dihydrate Market Size Forecast by Applications
12.10.1 Rare Earth Industry
12.10.2 Pharmaceuticals
12.10.3 Textile
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Oxalic Acid Dihydrate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oxalic Acid Dihydrate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Oxalic Acid Dihydrate Market Size Forecast by Type
13.6.1 Biosynthesis Oxalic Acid Dihydrate
13.6.2 Chemical Synthesis Oxalic Acid Dihydrate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Oxalic Acid Dihydrate Market Size Forecast by Applications
13.10.1 Rare Earth Industry
13.10.2 Pharmaceuticals
13.10.3 Textile
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oxalic Acid Dihydrate Market: Competitive Dashboard
14.2 Global Oxalic Acid Dihydrate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Clariant
14.3.2 Ube Industries
14.3.3 HeFei DongFeng General Chemicals
14.3.4 Hill Brothers Chemical
14.3.5 Indian Oxalate
14.3.6 LabChem
14.3.7 Mudanjiang Hongli Chemicals
14.3.8 Orica Australia
14.3.9 Punjab Chemicals & Crop
14.3.10 Radiant Indus Chem
14.3.11 Clariant
14.3.12 Star Oxochem
14.3.13 Uranus Chemicals
