SAN FRANCISCO, Dec. 11, 2019 /PRNewswire/ — The global Oxalic Acid Market is expected to grow at a higher CAGR of 2.6% by 2023. Oxalic acid is a colourless yet crystalline dicarboxylic acid that turns into a colourless solution when dissolved in water. Oxalic acid is a reducing agent and contaminated with sulphuric acid & alkali, which cannot be eliminated by recrystallization method by using water, but it could be eliminated under recrystallization by using hydrochloric acid. Commercially, it is used in pharmaceutical industry for purification or dilution purpose. It is also used as a rust-remover in the metal treatment and water treatment industry. A major application of oxalic acid is to cast rare earth metals. As a bleaching agent it finds significant use in the wood and textile industry. The factors responsible for the growth of oxalic acid market include extensive use of oxalic acid for industrial and household purpose. Rising concerns for industrial and household sterilization are likely to propel the market growth during the forecast period. However, the toxic nature of oxalic acid might refrain the market from developing in the near future. Geographical segmen...