Overview and Scope
Calcium carbide (CaC2) is a crystalline, dark-gray chemical substance made industrially by combining lime and coke at a temperature of around 2200 °C. When calcium carbide is combined with water, acetylene gas and calcium hydroxide are produced. Acetylene gas is widely utilized as a raw material in the production of a variety of organic compounds, as well as a fuel component in metal cutting and the manufacturing of a variety of polymers.
Sizing and Forecast
The calcium carbide market size has grown strongly in recent years. It will grow from <b>$16.4 billion in 2023 to $17.72 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. </b> The growth in the historic period can be attributed to demand for acetylene gas in chemical and industrial applications, growth in the steel and metallurgy industries for desulfurization, expansion of the plastics and chemicals manufacturing sector, increased use of acetylene in welding and cutting applications, and expansion of the construction and infrastructure development.
The calcium carbide market size is expected to see strong growth in the next few years. It will grow to <b>$24.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. </b> The growth in the forecast period can be attributed to sustainability and environmental concerns, adoption of calcium carbide for acetylene-based electricity generation in remote areas, growing utilization of acetylene in the automotive and aerospace sectors, increasing need for calcium cyanamide as a soil conditioner and plant growth regulator, and regulatory support for safe handling and storage of carbide products. Major trends in the forecast period include technological advancements in calcium carbide production methods, advancements in energy storage technologies, sustainable practices in carbide manufacturing and waste management, advancements in manufacturing technology and process efficiency, and investment in research and development of new carbide applications.
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Segmentation & Regional Insights
The calcium carbide market covered in this report is segmented –
1) By Application: Acetylene Gas, Calcium Cyanamide, Reducing And Dehydrating Agents, Desulfurizing And Deoxidizing Agent, Other Applications
2) By End-User: Chemical, Metallurgy, Pharmaceutical, Food, Other End-users
3) By Distribution Channel: Online, Offline
<b>North America</b> will be the largest region in the calcium carbide market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the calcium carbide market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
A rise in demand for plastic products is expected to propel the growth of the calcium carbide market. Calcium carbide is widely used for the production of plastic, PVC plastic products, and synthetic rubber. For instance, according to the India Brand Equity Foundation (IBEF), in July 2021, India exported plastic raw materials worth $352.04 million, for a total value of $1.57 billion from April 2021 to July 2021. The plastic products market is expected to grow from $993.1 billion in 2021 to $1,320.1 billion by 2026. Hence, the increase in demand for plastic products is expected to drive the market during the period.
Key Industry Players
Major companies operating in the calcium carbide market include <b> AlzChem AG, Carbide Industries LLC, DCM Shriram Ltd., Denka Company Limited, Inner Mongolia Biayanhu Chemical Co. Ltd., Iran Carbide Co., KC Group Ltd., Lonza Group Ltd., MCB Industries Sdn. Bhd., Merck KGaA, Mil-Spec Industries Corporation, PT Emdeki Utama Tbk, Xinjiang Tianye Co. Ltd., Ningxia Jinhaoyuan Chemical Group Co. Ltd., Santa Cruz Biotechnology Inc., Thermo Fisher Scientific, American Elements Corp., Madhuraj Industrial Gases Pvt. Ltd., All Win Aluminium Industries, Powder Pack Chem, Xinjiang Zhongtai Chemical Co. Ltd., Erdos Xinhua Silicon Metal Industries Co. Ltd., Aldon Corporation, Praxair Inc., SA Calcium Carbide </b>
The calcium carbide market report table of contents includes:
1. Executive Summary
2. Calcium Carbide Market Characteristics
3. Calcium Carbide Market Trends And Strategies
4. Calcium Carbide Market – Macro Economic Scenario
5. Global Calcium Carbide Market Size and Growth
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26. South America Calcium Carbide Market
27. Brazil Calcium Carbide Market
28. Middle East Calcium Carbide Market
29. Africa Calcium Carbide Market
30. Calcium Carbide Market Competitive Landscape And Company Profiles
Top Major Players:
- AlzChem AG
- Carbide Industries LLC
- DCM Shriram Ltd.
- Denka Company Limited
- Inner Mongolia Biayanhu Chemical Co. Ltd
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