Calcium Oxalate Market Size, Share, Growth, and Industry Analysis by Type (Purity 98-99% and Purity Above 99%) By Application (Ceramic Glazes, Preparation of Oxalates, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Calcium Oxalate Market REPORT OVERVIEW

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The global Calcium Oxalate market size was USD 9 million in 2022 and market is expected to reach USD 12.06 million in 2031, exhibiting a CAGR of 3.1% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Lime oxalate, also known as calcium oxalate, is an oxalate of a calcium salt with the chemical formula CaC2O4(H2O) x, where x is a variable that runs from 0 to 3. Insoluble in water and changing to an oxide when heated to temperatures above 200 degrees Celsius, calcium oxalate is a white, odorless powder. For all varieties of oxalates, including calcium oxalate, oxalic acid serves as the main raw material. Nitric acid and vanadium pentoxide act as catalysts in the oxidation of glucose or other carbohydrates to produce it. Heating sodium in the proximity of an alkali catalyst produces calcium oxalate, which is then transformed into oxalic acid by reacting with sulfuric acid.  But at the moment, calcium oxalate is manufactured using sugarcane syrup and Molasses.

Oxalic acid serves as the primary raw material for all types of oxalates, including calcium oxalate. With the use of nitric acid and a catalyst called vanadium pentoxide, it is produced by oxidizing glucose or other carbohydrates. Calcium oxalate is created by heating sodium in the presence of an alkali catalyst and combining it with sulfuric acid. Oxalate synthesis and the isolation of rare earth metals are two examples of the many uses for calcium oxalate. A sizeable portion of the market for applications is accounted for by ceramics production. The two main drivers driving the calcium oxalate market are an increase in the usage of ceramic tiles and calcium oxalate in the building sector.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

The COVID-19 epidemic had a detrimental effect on the market. Due to the COVID-19 pandemic, the global calcium oxalate market is probably going to slow down, which will generate decreased demand and supply chain disruptions. Flight cancellations travel bans, quarantines, restaurant closures, restrictions on all indoor and outdoor events, the declaration of states of emergency in more than 40 countries, a significant slowdown in the supply chain, and stock market volatility are just a few of the effects of the COVID-19 outbreak. The calcium oxalate market is experiencing a severe economic crisis. This is anticipated to cause a market decline in Asia-Pacific.                                                                                                                                    

LATEST TRENDS

"Demand for Ceramic Glazes Due to Urbanization to Promote Industry Progress"

Due to urbanization, there is a sharp increase in demand for ceramic tiles. The number of people moving to metropolitan regions is expected to increase over the next several years, and more than half of the world's population already resides there. Ceramic glazes, which are used to create ceramic tiles for floors and walls, mostly consist of calcium oxalate as a component. To ensure a consistent supply of calcium oxalate for the end-user market, ceramic tile producers are forging partnerships with distributors and wholesalers of the substance.

Calcium Oxalate Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Purity 98-99% and Purity Above 99%. The purity 99% & above category held 94.7% of the calcium oxalate market share in 2019; however, it is predicted that the purity 98% - 98.9% segment would grow throughout the forecast period.

• By Application Analysis

Based on application, the market is segmented as follows: Ceramic Glazes, Preparation of Oxalates, and Others. The ceramic glazes were the largest segment in the calcium oxalate market growth in 2019 and are anticipated to expand in the forthcoming years.

DRIVING FACTORS

"Ceramic Glazes Segment to Facilitate Market Development"

Oxalates are produced and rare earth metals are separated using calcium oxalate, among other uses. A sizeable share of the entire application segment is devoted to the production of ceramics. Calcium oxalate is a crucial component of ceramic glazes, which are used to create ceramic tiles for floors and walls. Steel's strength and thermal stability are increased in metallurgy via the alloying process and the inclusion of rare earth metals. In numerous end-use sectors, the demand for calcium oxalate is rising as a result of these factors.

"Increase in Calcium Oxalate Application to Boost Market Growth"

An increase in calcium oxalate applications and the growing use of ceramic tiles in the building industry are driving the market to guarantee a steady supply for end customers, ceramic tile producers are forming alliances with distributors and dealers of calcium oxalate. Numerous high-tech consumer goods contain rare earth elements. Rare earth metals have special material properties when they are present in oxide compounds, glass, alloys, and ceramic compounds.  Personal income increases and manufacturing sector expansion. To broaden their product offering, the producers and distributors in the industry have been concentrating on technical advancements.

RESTRAINING FACTORS

"High Cost in Some Regions to Hinder Market Growth"

The main factor restraining the growth of the calcium oxalate market is the high cost of production as well as sales. it is anticipated that the market will expand slowly due to supply chain issues and rising calcium oxalate prices in some of the regions. Profitable market opportunities are envisaged as a result of competitors forging close alliances and the use of oxalic acid in new applications.

Calcium Oxalate Market REGIONAL INSIGHTS

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"Rise in Investments to Propel Market Progress in Asia"

Due to rising investments in the chemical industry's expansion and the presence of large chemical-producing nations in the region, namely China and India. The expansion of local calcium oxalate producers is blamed for the market expansion in the Asia. Developing nations like China and India are also providing market participants with plenty of opportunities to expand their presence, which will boost the market in the region over the course of the projection period. Many calcium oxalate producers have assessed calcium oxalate manufacturing with new production techniques in order to incorporate sustainability into their business strategy.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Hummel Croton (U.S.)
• Hefei Asialon Chemical (China)
• Guangdong Joy Chemical(China)
• Shanghai Dafeng Chemical (China)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.