Manufacturers continue to capitalize on standard grade Refined Oxalic Acid (purity 96%-99%), which procures over 40% of overall market value. However, this study highlights that, the standard grade will lose its share to technical/pharma grade Refined Oxalic Acid (purity 99%-99.9%) in due course of time. Rising concerns regarding the need for sterilization of pharmaceutical equipment are responsible for this transition. Furthermore, both, standard and technical/pharma grade Refined Oxalic Acid are likely to attain a valuation of around US$ 1 Bn in 2029.
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