New York, According to a new market research report published by Global Insight Services “Oxalic Acid Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Oxalic acid is a dicarboxylic acid with the molecular formula C2O4H2. It is a colorless, solid organic compound that is soluble in water and has a sour taste. Oxalic acid is found in many plants, including spinach, rhubarb, and sorrel. It is also produced by the breakdown of certain carbohydrates, such as glucose.
Download Free Sample of Report : https://www.globalinsightservices.com/request-sample/GIS23027
Key Trends
There are a few key trends in oxalic acid technology.
One is the development of more efficient and environmentally friendly production methods. This has led to the development of new catalysts and processes that use less energy and produce fewer emissions.
Another trend is the use of oxalic acid in new applications, such as in the production of biodegradable plastics and as a corrosion inhibitor.
Additionally, there has been an increased focus on the safety of oxalic acid, due to its potential health hazards.
Key Drivers
The key drivers of the Oxalic Acid market are its low cost and wide range of applications.
Oxalic acid is a white, crystalline solid with a melting point of 60°C and a boiling point of 125°C. It is soluble in water, ethanol, and acetone. Oxalic acid is produced by the oxidation of carbohydrates or by the hydrolysis of oxalates.
The applications of oxalic acid include bleaching of wood pulp, removal of rust, cleaning of metals, and production of oxalates. It is also used as a mordant in dyeing and printing processes.
The major restraint to the growth of the oxalic acid market is its corrosive nature. Oxalic acid is corrosive to metals and tissues. It is classified as a hazardous substance by the European Union.
Market Segments
The oxalic acid market is segmented by grade, application, end-user, and region. By grade, the market is classified into standard grade, technical grade, and electronic grade. Based on application, it is bifurcated into bleaching, reducing agents, stains, and others. On the basis of end-user, it is divided into petrochemicals, metallurgy, water treatment chemicals, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global oxalic acid market includes players such as Mudanjiang Fengda Chemical Co Ltd., Oxaquim, Merck KGaA, UBE Industries Ltd., Clariant International Limited, Indian Oxalate Limited, Shijiazhuang Taihe Chemical Co. Ltd., Spectrum Chemical Manufacturing Corp., Shandong Fengyuan Chemical Co. Ltd., Penta s.r.o, and others.
Get A Customized Scope to Match Your Need Ask an Expert : https://www.globalinsightservices.com/request-customization/GIS23027
Reasons to buy Oxalic Acid Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/