The Global Oxalic Acid Market was valued at USD 662.66 Million in 2021 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 1.23% through to 2027. This steady growth trajectory is underpinned by consistent demand from the pharmaceutical, rare earth element processing, and textile bleaching industries, alongside the resilient metal cleaning and polishing sector globally.

As a foundational chemical with versatile applications, oxalic acid’s market is shaped by a mix of established multinational chemical corporations and specialized regional producers. These companies are navigating evolving environmental regulations, supply chain dynamics, and technological advancements in production processes. In this comprehensive analysis, we profile the Top 10 Companies in the Global Oxalic Acid Industry, highlighting their market positions, production capabilities, and strategic focus.

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🔟 1. Clariant

Headquarters: Muttenz, Switzerland
Key Offering: High-purity Oxalic Acid Dihydrate, Industrial Grade Oxalic Acid

Clariant is a leading global specialty chemicals company with a significant presence in the oxalic acid market. Their products are known for high purity and are supplied to a diverse range of industries, including pharmaceuticals and metal treatment. Clariant leverages its extensive global distribution network and strong R&D capabilities to serve key markets in Europe, North America, and Asia.

Strategic Initiatives:

• Focus on sustainable production processes and eco-friendly product variants.

• Strong emphasis on R&D for high-value applications in pharmaceuticals and electronics.

• Strategic partnerships with end-user industries to develop customized solutions.

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9️⃣ 2. Ube Industries, Ltd.

Headquarters: Tokyo, Japan
Key Offering: Technical Grade Oxalic Acid, High-Purity Crystalline Oxalic Acid

Ube Industries is a major Japanese chemical manufacturer with a long-standing reputation for quality in the oxalic acid segment. The company operates advanced production facilities and caters to the demanding specifications of the Asian electronics and automotive industries, where oxalic acid is used for metal surface treatment and cleaning.

Strategic Initiatives:

• Investment in energy-efficient production technologies to reduce environmental footprint.

• Expansion of market reach in Southeast Asia through strategic alliances.

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8️⃣ 3. Indian Oxalate Limited

Headquarters: Maharashtra, India
Key Offering: Oxalic Acid Dihydrate, Oxalic Acid Anhydrous

Indian Oxalate Limited is one of India’s foremost producers of oxalic acid, serving both domestic and international markets. The company benefits from competitive production costs and a strong foothold in the textile and leather processing industries, which are significant consumers of oxalic acid for bleaching and descaling.

Strategic Initiatives:

• Capacity expansion projects to meet growing domestic and export demand.

• Focus on backward integration to secure raw material supply and stabilize costs.

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7️⃣ 4. Mudanjiang Hongli Chemicals Co., Ltd.

Headquarters: Mudanjiang, China
Key Offering: Various grades of Oxalic Acid for industrial applications

As a key Chinese producer, Mudanjiang Hongli Chemicals holds a substantial share of the regional oxalic acid market. The company’s strategic location and large-scale production capacity make it a pivotal supplier, particularly for the rare earth industry where oxalic acid is crucial for precipitation and purification processes.

Strategic Initiatives:

• Leveraging China’s dominance in rare earth processing to drive oxalic acid consumption.

• Continuous process optimization to maintain cost leadership in the global market.

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6️⃣ 5. Shandong Fengyuan Chemical Co., Ltd.

Headquarters: Shandong, China
Key Offering: Industrial Grade Oxalic Acid, Oxalic Acid for Rare Earths

Shandong Fengyuan Chemical is another major force in the Chinese oxalic acid landscape. The company boasts significant production volumes and serves a broad customer base across multiple continents. Its competitive pricing and reliable supply chain make it a preferred partner for bulk industrial consumers.

Strategic Initiatives:

• Export-oriented strategy targeting emerging economies in Africa and South America.

• Investment in quality control systems to meet international standards.

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5️⃣ 6. Oxaquim S.A.

Headquarters: Santiago, Chile
Key Offering: Oxalic Acid for mining and metallurgical applications

Oxaquim is a prominent player in the South American market, specializing in chemicals for the mining industry. The company’s oxalic acid is extensively used in Chile’s massive copper mining sector for solvent extraction and electrolyte purification processes, providing a stable regional demand base.

Strategic Initiatives:

• Deep integration with the Latin American mining and metallurgy value chain.

• Development of tailored formulations for specific mineral processing needs.

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4️⃣ 7. Star Oxochem LLC

Headquarters: Dubai, UAE
Key Offering: Oxalic Acid for textile bleaching and water treatment

Star Oxochem acts as a key distributor and marketer of oxalic acid in the Middle East and North Africa (MENA) region. The company serves the growing textile industries in Turkey and Egypt, as well as water treatment facilities across the Gulf Cooperation Council (GCC) countries.

Strategic Initiatives:

• Expanding distribution network across Africa and the Middle East.

• Focus on providing technical support and logistics solutions to customers.

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3️⃣ 8. Punjab Chemicals & Crop Protection Ltd. (PCCPL)

Headquarters: Mumbai, India
Key Offering: Pharmaceutical-grade Oxalic Acid, Industrial grades

PCCPL is a diversified chemical company with a reputable oxalic acid manufacturing division. The company supplies high-purity oxalic acid to the pharmaceutical industry for use as a precursor and purifying agent, alongside serving traditional industrial segments.

Strategic Initiatives:

• Strategic focus on high-margin, high-purity segments like pharmaceuticals.

• Commitment to stringent regulatory compliance for international exports.

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2️⃣ 9. Yuanping Chemical Co., Ltd.

Headquarters: Shanxi, China
Key Offering: Standard and customized Oxalic Acid blends

Yuanping Chemical is a significant manufacturer based in one of China’s major chemical production hubs. The company competes effectively on both price and quality, supplying oxalic acid to downstream industries such as fine chemicals and agrochemicals.

Strategic Initiatives:

• Adoption of automated production lines to enhance efficiency and consistency.

• Exploring new applications in battery materials and electronic chemicals.

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1️⃣ 10. Dongfeng Chemical Co., Ltd.

Headquarters: Shandong, China
Key Offering: Comprehensive range of Oxalic Acid products

Dongfeng Chemical rounds out the top ten with its solid manufacturing base and export-oriented business model. The company has established a strong presence in Asian markets and is increasingly targeting customers in Europe and North America with its cost-competitive offerings.

Strategic Initiatives:

• Building long-term supply agreements with global chemical distributors.

• Focusing on sustainable packaging and logistics to reduce overall carbon footprint.

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🌍 Outlook: The Future of the Oxalic Acid Market is Application-Led

The global oxalic acid market, while mature, is experiencing a gradual evolution driven by niche applications and regional demand shifts. The traditional markets in North America, Western Europe, and Japan have seen some production rationalization, leading to increased import dependency, which presents opportunities for producers in China and India.

📈 Key Trends Shaping the Market:

• Rare Earth Processing: The critical role of oxalic acid in precipitating rare earth elements is a major growth driver, especially with the global push for electrification and green technologies.

• Pharmaceutical Expansion: Increasing use of high-purity oxalic acid as an intermediate in API (Active Pharmaceutical Ingredient) manufacturing supports steady demand.

• Environmental Regulations: Stricter environmental norms are pushing manufacturers to adopt cleaner production technologies, potentially consolidating the market around larger, more compliant players.

• Supply Chain Regionalization: Post-pandemic and geo-political considerations are prompting some industries to regionalize supply chains, benefiting producers closer to end-use markets.

The companies profiled above are not just supplying a commodity chemical; they are integral to the value chains of numerous global industries, from advanced electronics to life-saving pharmaceuticals. Their ability to innovate, ensure supply reliability, and meet evolving quality standards will define the market’s trajectory in the coming years.

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