Global Oxalic Acid Market: Overview
Oxalic acid is an organic compound that exists as a crystalline solidand forms a colorless solution in water. It is extensively used as ableaching agent and in the dying process. Moreover, it finds severalapplications in the pharmaceutical industries for the purification process. Theglobal oxalic acid market is expected to grow exponentiallyduring the forecast period owing to numerous commercial applications.
Global Oxalic Acid Market: NotableDevelopments
Below are a few notable developments in the global oxalic acid market:
· Oxybee, a new solution for varroa treatment that uses new oxalic acidformulation is a major breakthrough in the global oxalic acid market. It isavailable in powder and liquid form and is used to prepare bee-hive dispersion.It effectively kills the mites that come in its contact with it and offers ahigher efficacy as compared to other oxalic acid solutions.
· The development of new carbon dioxide scrubber has paved newopportunities for the global oxalic acid market. It converts captured CO2 intooxalic acid. Producing oxalic acid domestically allows effective extraction ofrare earth elements. Moreover, it reduces the concentration of carbon dioxidein flue gas from 8% to 4%. Researchers are aiming at reducing it to 2%.
Prominent companies in the global oxalic acid market comprise Clariant,Shanxi Province Yuanping Chemicals Co., Ltd., Shanxi Province YuanpingChemicals Co., Oxaquim S.A., Mudanjiang Hongli, and Ube industries.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=64374
Global Oxalic Acid Market: Key GrowthDynamics
Oxalic acid widely used in the pharmaceutical industry for theproduction of medicines such as terramycin, borneol, tetracycline, and otherantibiotics. Therefore, an expansion of the pharmaceutical industry has highlycontributed to the growth of global oxalic acid market. Additionally, it hasbeen increasingly used to smelt real earth. Consequently, a surge in the rareearths industry has propelled the market’s growth. The new technologicaladvancements in the rare earths industry such as the CO2 scrubber have furtherpropelled the market’s growth.
Furthermore, the use of oxalic acid as a flavoring agent in ice-creams,beverages, and bakery products has provided thrust to the global oxalic acidmarket. In addition to this, it has been extensively adopted in the metalpolishing industry for applications such as rust removal, alumite filmprocessing, surface polishing, and metal purification. This has played aprominent role in driving the expansion of the global oxalic acid market.
More TrendingReports
Chemical manufacturing is another industry that has highly contributedto the growth of the oxalic acid market. In the chemical industries, oxalicacid is used to produce industrial chemicals, salts, oxalates, and othercompounds. Further, an expansion in the textile industry has facilitated themarket’s growth.
However, along with the numerous drivers, there are a few bottlenecks inthe growth of global oxalic acid market. Factors such as corrosive nature ofthe chemical and safety issues related to household use may cause a shortfallin the market. Nonetheless, increasing awareness regarding sterilization inseveral industries and research and development activities may offset theeffects of the restraints.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=64374<ype=S
Global Oxalic Acid Market: RegionalOutlook
Europe is expected to witness promising growth in the global oxalic acidmarket during the forecast period owing to the entry of new players in themarket. Additionally, effective mergers and acquisitions have contributed tothe market’s growth in this region. Asia Pacific is also perceived to serve asone of the major oxalic acid markets. The growth in this region is mainlydriven by China as it is a major producer of oxalic acid.
RequestDiscount
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=64374
AboutUs
Transparency Market Research is a next-generationmarket intelligence provider, offering fact-based solutions to businessleaders, consultants, and strategy professionals.
Our reports are single-point solutions for businessesto grow, evolve, and mature. Our real-time data collection methods along withability to track more than one million high growth niche products are alignedwith your aims. The detailed and proprietary statistical models used by ouranalysts offer insights for making right decision in the shortest span of time.For organizations that require specific but comprehensive information we offercustomized solutions through adhoc reports. These requests are delivered withthe perfect combination of right sense of fact-oriented problem solvingmethodologies and leveraging existing data repositories.
TMR believes that unison of solutions forclients-specific problems with right methodology of research is the key to helpenterprises reach right decision.
US Office Contact
90 State Street, Suit e700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
