Oxalic Acid Market Expected to Reach USD 1.7 Billion by 2032 | Growing at a CAGR of 5.2%

Market Research Future (MRFR) has published a cooked research report on the “Global Oxalic acid Market” that contains information from 2018 to 2032. The Oxalic acid market is estimated to register a CAGR of 5.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Oxalic acid market— Ube Industries Ltd., Indian Oxalate Limited, Mudanjiang Hongli Chemicals Co., Ltd., P.T. Indofarma (Persero) Tbk, Oxaquim S.A., Shijiazhuang Taihe Chemical Co., Ltd., Pangaea Sciences Inc., Shanxi Province Yuanping Chemicals Co., Ltd., Star Oxochem Private Limited and Radiant Indus Chem Pvt. Ltd..

Market Highlights

The global Oxalic acid market is accounted to register a CAGR of 5.20% during the forecast period and is estimated to reach USD 1.7 billion by 2032.

The oxalic acid market is growing due to its diverse applications, including metal cleaning, rust removal, and pharmaceuticals. The increasing use of oxalic acid as a bleaching agent in the textile and wood industries contributes to its demand. Additionally, its role in various chemical processes, such as cleaning agents and reducing agents, fuels market growth. The rising awareness of environmentally friendly alternatives and the expansion of end-use industries further drive the continuous expansion of the oxalic acid market.

Segment Analysis

The global Oxalic acid market has been segmented based Application and End-Use Industry.

On the basis of application, the market is segmented into Cleaning and surface Treatment, Pharmaceutical and Healthcare, Textile and Dyeing and Others. The pharmaceutical and healthcare application has secured the largest market share in the Oxalic Acid market in 2022, due to the compound's critical role in pharmaceutical manufacturing.

Based on end-use industry, the global Oxalic acid market has been segmented into Pharmaceutical and Healthcare, Textile, Metal Cleaning and Surface Treatment, Automotive, Electronic, Water Treatment and Others. The Pharmaceutical and Healthcare end-use industry has secured the largest market share in the Oxalic Acid market in 2022. Because oxalic acid is essential to the manufacturing of several medications, the pharmaceutical industry has grown. Its extensive use is a result of its special qualities and uses in the manufacturing of medications. The substantial reliance on oxalic acid in this end-use industry sets it as a dominant force, acquiring the biggest market share in the entire oxalic acid market. This is due to the ongoing development of medicines and the rising demand for healthcare goods.

Regional Analysis

The global Oxalic acid market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Oxalic acid market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Oxalic acid market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Oxalic acid market comprises of Middle East, Africa, and Latin America.

The largest market share for Oxalic acid was maintained by the North American regional sector. North America has captured the largest market share in the Oxalic acid market due to several factors. The region's robust pharmaceutical and healthcare industries contribute significantly to the demand for oxalic acid. Additionally, the widespread use of oxalic acid in various applications, including cleaning, textiles, and metal processing, supports its dominance. The presence of key manufacturers, technological advancements, and stringent quality standards in North America further enhance its market share. As industries continue to grow and prioritize efficient chemical solutions, North America remains at the forefront of oxalic acid consumption, securing the largest market share.

Moreover, the Europe market has been persistently growing over the forecast period. Europe has secured the second-largest market share in the Oxalic acid market due to factors such as its well-established pharmaceutical and healthcare sectors, where oxalic acid finds extensive use. Additionally, the region's thriving textile and metal processing industries contribute to the demand for oxalic acid. Stringent environmental regulations and a focus on sustainable practices also drive the adoption of oxalic acid in Europe. The presence of key players, technological advancements, and a diversified industrial base further support Europe's significant market share in the Oxalic acid industry.

The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the Oxalic acid market due to expanding industrial sectors, especially in countries like China and India. The region's increasing population, coupled with rapid urbanization and industrialization, drives demand in applications such as textiles, pharmaceuticals, and metals processing. The growing awareness of sustainable practices and the adoption of oxalic acid in various industries contribute to its elevated CAGR in the Asia Pacific, making it a key player in the global Oxalic acid market.

Furthermore, the rest of the world's Oxalic acid market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the oxalic acid market due to expanding industrial activities, particularly in the textile, pharmaceutical, and metal cleaning sectors. Increasing applications and the versatility of oxalic acid contribute to its growing popularity across diverse regions globally.

Key Findings of the Study

• The global Oxalic acid market is expected to reach USD 1.7 billion by 2032, at a CAGR of 5.20% during the forecast period.


• The Asia Pacific region is the fastest-growing in the oxalic acid market due to a surge in industrialization, growing textile and pharmaceutical industries, and increasing demand for versatile chemical solutions. The region's dynamic economic growth fosters heightened demand for oxalic acid.


• Based on application, the pharmaceutical and healthcare segment was attributed to holding the largest market in 2022, with an approximate market share of 35–40%.


• Ube Industries Ltd., Indian Oxalate Limited, Mudanjiang Hongli Chemicals Co., Ltd., P.T. Indofarma (Persero) Tbk, Oxaquim S.A., Shijiazhuang Taihe Chemical Co., Ltd., Pangaea Sciences Inc., Shanxi Province Yuanping Chemicals Co., Ltd., Star Oxochem Private Limited and Radiant Indus Chem Pvt. Ltd.