Global Oxalic Acid Market: Key Highlights
Global Oxalic Acid Market: Key Market Dynamics
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Global Oxalic Acid Market: Regional Overview
Asia-Pacific is expected to account for the largest share in the global oxalic acid market during the forecast period, owing to the presence of a large number of regional players coupled with well-developed downstream industries in the region, are the key driving factors that are expected to boost its demand over the years ahead.
Europe is expected to witness promising growth in the global oxalic acid market during the forecast period owing to the entry of new players in the market. Additionally, effective mergers and acquisitions have contributed to the market’s growth in this region. Asia Pacific is also perceived to serve as one of the major oxalic acid markets. The growth in this region is mainly driven by China as it is a major producer of oxalic acid.
Global Oxalic Acid Market: Key Players Overview
Oxaquim is the first European manufacturer of oxalic acid and its derivatives. The company is also one of the leading manufacturers of oxalates in the world, producing 12 types of this product. The company has 160,00 employees across 70 countries globally. In February 2020, Oxaquim announced to invest in new pilot plant for pure oxalic acid. This pilot plant will be up and running by the second half of 2020.
Ube Industries, Ltd. is a Japan-based chemical manufacturer. The Company operates in six business segments. The Chemical segment manufactures and sells caprolactam, nylon, industrial chemicals, synthetic rubber, ammonia, ammonium sulfate and nylon resin, among others. Ube Industries, Ltd. has a presence in the Asia- Pacific, North & Central America, South America, and Europe.
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