Oxalic Acid: A Global Strategic Business Report
San Jose, CA (PRWEB) March 3, 2008
Oxalic acid is a colorless needle crystal, soluble in water and alcohol, and insoluble in ether. Oxalic acid is grouped under aliphatic/non cyclic organic acids. The acid also known as Ethanedioic acid/ethane diacid is obtained from sources like ethylene glycol and carbon monoxide (CO). Oxalic acid occurs naturally in vegetables. Oxalic acid production is carried out by heating sodium formate and treating the resulting oxides with sulfuric acid. The acid can also be produced by the action of nitric acid on sugar, or by the action of a strong alkali on sawdust. World market for oxalic acid is projected to reach 278 thousand tons by the year 2010, as stated in a recent report published by Global Industry Analysts, Inc.
Worldwide demand for oxalic acid in the pharmaceutical end-use market is projected to reach 138 thousand tons by the year 2015. Asia Pacific represents the largest oxalic acid market in the world. China dominates world consumption with an estimated 64.1% share in the world market in the year 2007. Demand for oxalic acid in China is forecast to reach 230 thousand tons by the year 2015. Europe and Asia-Pacific, together account for over 89.28% of the global oxalic acid market. Consumption of oxalic acid in rare earth products end-use market is forecast to grow at a CAGR of 3.07% over the aforementioned analysis period.
Major players in the marketplace include Barker Industries Inc., HeFei DongFeng General Chemicals Plant, Hill Brothers Chemical Company, Indian Oxalate Limited, Mudanjiang Hongli Chemicals Company Limited, Punjab Chemicals & Crop Protection Limited, Radiant Agro Chem Private Limited, Shanxi Province Yuanping Chemicals Co. Ltd, Star Oxochem Pvt. Limited, and Ube Industries Ltd.
"Oxalic Acid: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific and rest of world. Demand estimates and forecasts for the period 1991 through 2015 are provided for end use segments including pharmaceuticals, rare earth products, fine chemicals, printing & dyeing light industrial goods & textiles and daily use chemicals
For more details about this research report, please visit http://www.strategyr.com/Oxalic_Acid_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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