The global oxalic acid market is valued at USD 514.5 million in 2025 and is forecasted to reach USD 830.1 million by 2035, recording an absolute increase of USD 315.6 million over the forecast period. This translates into a total growth of 61.3%, with the market forecast to expand at a CAGR of 4.9% between 2025 and 2035.

The Oxalic Acid Market report segments the industry into Product Grade (Anhydrous, Dihydrate, Aqueous Solution), Application (Pharmaceutical, Textile, Rare Earth Metals, Chemical, Metal Processing, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). Get five years of historical data alongside five-year market forecasts.

Oxalic Acid Market size is expected to be worth around USD 1126.1 Mn by 2034, from USD 678.3 Mn in 2024, at a CAGR of 5.2%

The global Oxalic Acid market stood at approximately 837 thousand tonnes in 2024 and is anticipated to grow at a CAGR of 2.39% during the forecast period until 2035.

The global oxalic acid market size surpassed USD 581.95 million in 2025 and is projected to witness a CAGR of around 4.9% from 2026 to 2035, due to the the growing adoption rate in the pharmaceutical sector.

Global Oxalic Acid Market was valued at USD 1.24 billion in 2023 and is anticipated to project growth in the forecast period with a CAGR of 4.07% through 2029.

Market Research Intellect presents the Oxalic Acid Market Report-estimated at USD 1.5 billion in 2024 and predicted to grow to USD 2.5 billion by 2033, with a CAGR of 7.5% over the forecast period. Gain clarity on regional performance, future innovations, and major players worldwide.

The global oxalic acid market is projected to reach a valuation of USD 1.2 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.

Global Oxalic Acid market size 2025 was XX Million. Oxalic Acid Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Monaco Oxalic acid Market is expected to grow during 2025-2031

Oxalic Acid Market Outlook

According to our latest research, the Global Oxalic Acid market size was valued at $1.2 billion in 2024 and is projected to reach $1.85 billion by 2033, expanding at a robust CAGR of 5.0% during the forecast period of 2024–2033. The primary growth driver for the oxalic acid market on a global scale is the increasing utilization of oxalic acid in diverse applications such as pharmaceuticals, rare earth processing, and agrochemicals. This broadening application landscape, coupled with the rising demand from emerging economies for both industrial and specialty uses, is significantly boosting overall market expansion. Furthermore, advancements in production technologies and the shift towards eco-friendly synthesis routes are enabling manufacturers to meet stringent quality and environmental standards, thereby propelling the market forward.

Regional Outlook

The Asia Pacific region holds the largest share of the global oxalic acid market, accounting for over 52% of the total market value in 2024. The region’s dominance is attributed to the presence of major oxalic acid producers, particularly in China and India, where mature manufacturing infrastructure, cost-effective raw material availability, and favorable government policies drive growth. These countries benefit from a thriving chemical industry, rapidly expanding pharmaceutical and textile sectors, and an increasing demand for oxalic acid in rare earth element processing. Additionally, the region’s export-oriented production and established distribution networks enhance its competitive edge, making Asia Pacific the epicenter of oxalic acid supply and innovation globally.

In terms of growth momentum, Latin America is projected to be the fastest-growing region, with an anticipated CAGR of 6.3% between 2024 and 2033. This accelerated growth is fueled by rising investments in industrial manufacturing, increased adoption of oxalic acid in agrochemical formulations, and expanding applications within the mining and metal processing sectors. Countries such as Brazil and Mexico are witnessing a surge in demand due to the modernization of their industrial bases and the need for efficient metal cleaning and extraction processes. Additionally, the region’s growing pharmaceutical sector and favorable regulatory frameworks are attracting both domestic and international investments, further bolstering market expansion.

Emerging economies within Middle East & Africa are gradually adopting oxalic acid, though market penetration remains challenged by limited local production capabilities and fluctuating raw material costs. The demand is primarily localized in industrial and agrochemical applications, with governments increasingly focusing on diversifying their economies and enhancing value addition in downstream industries. However, infrastructural constraints, regulatory complexities, and the lack of established distribution channels pose significant hurdles. Despite these challenges, ongoing policy reforms and international collaborations are expected to gradually improve market accessibility and stimulate growth over the forecast period.

Report Scope

The size of the Oxalic Acid Market market was valued at USD 0.54 Billion in 2024 and is projected to reach USD 0.77 Billion by 2033, with an expected CAGR of 5.20% during the forecast period. Recent developments include: March 2022: Dr. Reddy's Laboratories Ltd. has reported that the Drugs Controller General of India (DCGI) granted approval for the emergency restricted use of the Sputnik Light vaccine in India., January 2022: Cipla Limited has received Emergency Use Authorization (EUA) from the Drugs Controller General of India (DCGI) to introduce Molnupiravir in India. This marks the first approval for the oral antiviral, previously sanctioned by the United Kingdom Medicines and Healthcare Products Regulatory Agency (MHRA) for treating mild-to-moderate COVID-19 in individuals at a high risk of progressing to severe disease.. Notable trends are: Increasing demand in cleaning and bleaching applications is driving the market growth.

The global Oxalic Acid Dihydrate market was valued at USD XX Million in 2022 and is projected to reach USD XX Million by 2030, registering a CAGR of 5.3% for the forecast period 2023-2030. Water treatment applications eventually drive the oxalic acid dihydrate market.

In water treatment, oxalic acid dihydrate is used for the removal of scale deposits and metal ions. As the need for effective and environmentally friendly water treatment solutions rises, so does the demand for oxalic acid dihydrate.

Pharmaceutical and Personal Care Products significantly boost the oxalic acid dihydrate market.

Oxalic acid dihydrate is used in certain pharmaceutical formulations and personal care products. The growth of the pharmaceutical and personal care industries contributes to the demand for this chemical compound.

Restraining Factor:

Regulatory Restrictions may hamper the oxalic acid dihydrate market.

Governments and regulatory bodies may impose restrictions on the use, production, import, or export of oxalic acid dihydrate due to its potential environmental and health risks. Compliance with stringent regulations can pose challenges for manufacturers and limit market growth in some regions.

Impact of the COVID-19 Pandemic on the Oxalic Acid Dihydrate Market:

Many countries are imposed export and import restrictions during the pandemic to secure essential supplies for their domestic markets. Such restrictions could have affected the international trade of oxalic acid dihydrate. With the pandemic causing economic uncertainties and lockdowns in many countries, there could have been fluctuations in demand from various end-use industries. Industries such as automotive, construction, and textiles, which are significant consumers of oxalic acid dihydrate, experienced downturns during the pandemic, affecting the overall demand for the chemical. Oxalic acid dihydrate is a chemical compound with the chemical formula (COOH)2 · 2H2O. It is also known as ethanedioic acid dihydrate. The compound consists of two molecules of oxalic acid (also known as ethanedioic acid) combined with two molecules of water. Oxalic acid dihydrate is a colorless, crystalline solid with a sour taste and is highly soluble in water. It is considered a weak acid and is diprotic, meaning it can donate two protons (hydrogen ions) to a base. As a reducing agent, it has the ability to donate electrons to other substances, causing reduction reactions in certain chemical processes.

Understand Oxalic Acid Market potential with forecast data, size estimates, and growth opportunities through 2034.

Discover the booming oxalic acid market, projected to reach $542.8 million by 2033 with a 4.6% CAGR. This comprehensive analysis explores market drivers, trends, restraints, and key players, providing valuable insights for industry professionals. Learn more about applications in textiles, pharmaceuticals, and more.

Oxalic Acid Anhydrous Market Outlook

According to our latest research, the global oxalic acid anhydrous market size reached USD 785 million in 2024, driven by robust demand across diverse industrial sectors. The market is witnessing a steady expansion, with a compound annual growth rate (CAGR) of 4.2% projected from 2025 to 2033. By the end of 2033, the oxalic acid anhydrous market is forecasted to attain a value of USD 1,120 million. This growth is primarily fueled by the increasing adoption of oxalic acid in metal treatment, pharmaceuticals, and textile processing, as well as expanding applications in emerging economies. As per our latest research, the market is poised for sustained growth, underpinned by technological advancements and evolving industrial requirements.

A prominent growth factor for the oxalic acid anhydrous market is its extensive use in the metal cleaning and treatment industry. Oxalic acid serves as a highly effective cleaning agent for removing rust, scale, and stains from metals, making it indispensable in the maintenance of industrial equipment and machinery. The rise in manufacturing activities, particularly in developing regions, has led to increased consumption of oxalic acid for cleaning and surface treatment applications. Additionally, the shift towards environmentally friendly cleaning solutions is further propelling the demand for oxalic acid, as it offers a biodegradable alternative to harsher chemical agents. The ongoing modernization of industrial infrastructure and the need for efficient maintenance routines are expected to sustain this demand trajectory over the coming years.

Another significant driver is the growing utilization of oxalic acid anhydrous in the pharmaceutical sector. The compound is widely used as a reagent in the synthesis of various pharmaceutical intermediates, especially antibiotics and other active pharmaceutical ingredients (APIs). With the global pharmaceutical industry experiencing rapid expansion, particularly in Asia Pacific and North America, the demand for high-purity oxalic acid is witnessing a notable uptick. The increasing prevalence of chronic diseases and the rising focus on healthcare infrastructure development are further amplifying the need for pharmaceutical-grade oxalic acid. Additionally, stringent quality standards and regulatory requirements in drug manufacturing are encouraging the adoption of analytical and pharmaceutical grades of oxalic acid, thereby contributing to market growth.

The textile and leather industries also play a crucial role in driving the oxalic acid anhydrous market. In textile processing, oxalic acid is utilized for bleaching and dyeing processes, enhancing fabric brightness and color fastness. The growing fashion and apparel industry, coupled with rising consumer demand for high-quality textiles, is boosting the consumption of oxalic acid in textile manufacturing hubs across Asia Pacific and Europe. Similarly, in the leather industry, oxalic acid is used for tanning and cleaning purposes, ensuring superior finish and durability of leather goods. The increasing export of textiles and leather products from developing nations is expected to further stimulate market demand, as manufacturers prioritize quality improvement and process efficiency.

From a regional perspective, Asia Pacific dominates the global oxalic acid anhydrous market, accounting for a significant share of both production and consumption. The region's leadership is attributed to the strong presence of end-use industries such as chemicals, textiles, and pharmaceuticals, particularly in China and India. North America and Europe also represent substantial markets, driven by advanced manufacturing practices and stringent quality standards. Latin America and the Middle East & Africa are emerging as promising regions, supported by industrialization and infrastructure development initiatives. The regional dynamics are shaped by factors such as raw material availability, regulatory frameworks, and evolving consumer preferences, all of which influence market growth and competitive strategies.

The global oxalic acid market, valued at $550 million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033. This expansion is driven by increasing demand across diverse sectors, particularly the pharmaceutical industry, where oxalic acid serves as a crucial intermediate in the synthesis of various drugs and formulations. The electronics industry also contributes significantly, utilizing oxalic acid in the manufacturing of electronic components and cleaning solutions. Growth is further fueled by the burgeoning rare earth and textile industries, both reliant on oxalic acid for processing and treatment. The rising adoption of oxalic acid in lithium-ion battery production, owing to its role in electrolyte solutions, presents a significant new growth avenue. While the carbohydrate oxidation route currently dominates production, the sodium formate and coal-to-ethylene glycol routes are emerging as viable alternatives, enhancing supply chain resilience and potentially reducing production costs. However, potential environmental concerns related to oxalic acid production and its handling remain a factor that may constrain growth to some extent. Key players like Oxaquim, Radiant Indus Chem, and Ube are strategically positioned to capitalize on these market trends through technological advancements, capacity expansions, and strategic partnerships. The market segmentation reveals a significant dependence on specific applications. Pharmaceutical applications, characterized by stringent purity requirements, command a substantial market share, closely followed by the electronics and rare earth industries. The textile industry's application of oxalic acid in bleaching and dyeing processes also contributes substantially to market demand. Regional market analysis points towards a significant concentration of demand in Asia-Pacific, driven primarily by strong growth in China and India. North America and Europe represent stable and mature markets, characterized by high per capita consumption and advanced industrial infrastructure. While the Middle East and Africa showcase modest growth potential, the region’s infrastructure development and industrial diversification will likely support increasing demand in the coming years. The forecast period suggests a continued upward trajectory for oxalic acid demand, underpinned by continuous technological advancements, expanding industrialization in emerging economies, and the introduction of innovative applications within various sectors.

Oxalic Acid Market size was valued at USD 13,850.75 million USD in 2024 and the revenue is expected to grow at a CAGR of 6.3% from 2025 to 2032

Discover the booming high-purity oxalic acid market! Explore its projected growth to $700-$900 million by 2033, key drivers, trends, and the leading companies shaping this dynamic sector. Learn about regional market shares and future opportunities in this detailed market analysis.

The global refined oxalic acid market is booming, with a projected CAGR of 3.9% from 2025-2033, driven by textile, cleaning, and metal industries. Explore market size, key players (Oxaquim, Punjab Chemicals), trends, and future growth potential in this comprehensive analysis.