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Calcium Carbide Market By Application (Chemical Acetylene, Reducing & Dehydrating Agents, Steel Making) - Growth, Future Prospects And Competitive Analysis, 2021 – 2027

Calcium carbide, CaC2, when pure, is transparent and colorless with a specific gravity of 2.22 at 180 C. Commercial calcium carbide is the main source of acetylene, and acetylene is used principally in the synthesis of a series of organic chemicals, resins, and plastics and in oxyacetylene welding and cutting of metals. The main raw materials required for the manufacture of the product are limestone, which contains at least 98 percent calcium carbide, charcoal, and petroleum coke. Calcium carbide is manufactured mainly by three methods: the standard process, the open furnace, and using water.

China has traditionally been the largest producer and consumer, owing to the availability of cheap labor, raw materials, and local government support. Although China's economic growth may be further moderate, it is expected that demand growth for calcium carbide will continue to sustain healthy rates. China is the world's largest exporter of calcium carbide. China's sizable share of the global calcium carbide market is linked to the country's strong economic growth, large coal reserves, and ever-increasing acetylene demand for chemicals. As a result of continued development in major end-use applications such as the production of acetylene, steel making, production of PVC, and so on, China is projected to experience robust growth in the consumption of calcium carbide till 2027.

In 2020, the Asia-Pacific region dominated the calcium carbide markets by geography, and the scenario is expected to remain the same in the next decade. This dominance is mainly due to the Chinese market. The Chinese calcium carbide industry is highly fragmented, with more than 300 producers of calcium carbide. The world's largest producer and consumer of calcium carbide are China. The Asia-Pacific region is followed by Europe, which accounts for a 2.51% share of global calcium carbide market revenue.

The report titled "Calcium Carbide Market: Growth, Future Prospects, and Competitive Analysis, 2021–2027" offers strategic insights into the calcium carbide market along with the market size and estimates for the duration of 2019–2027. The said research study covers an in-depth analysis of multiple market segments based on material, application, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020 and 2027. The report also provides a prolific view of market dynamics, such as market drivers, trends, restraints, and opportunities. The report incorporates a separate section highlighting key trends in the overall calcium carbide market.

The report also includes profiles of the leading calcium carbide manufacturers, their business strategies, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are AlzChem AG, American Elements, Carbide Industries LLC, DCM Shriram Ltd., Hudson Chemicals Corp., KC Group, Metaloides, SA de CV, Mil-Spec Industries Corp., NGO Chemical Group Ltd., and Regency Carbide Pvt. Ltd. The section further includes a brief on key strategies adopted by the major players operating in the market.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the calcium carbide market
  • Market drivers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2019–2020)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the calcium carbide market, offering market size and estimates for the period from 2021 to 2027, keeping in mind the above-mentioned factors.

Based on the application, the calcium carbide market is segmented as follows:

  • Chemical Acetylene
  • Reducing and Dehydrating Agents
  • Steel Making
  • Other Applications

Among considered applications, the chemical acetylene segment held the largest market share in 2020, accounting for more than X%, and is expected to maintain its dominance throughout the forecast period. Acetylene is used mainly for welding and chemical synthesis, including the production of PVC plastics. Carbides are made for the production of calcium cyanamide by the fixation of atmospheric nitrogen. Steelmaking is the fastest-growing application segment during the forecasted period. Calcium carbide helps reduce impurities in the steel production process. Other application segments include furnace injection, slag conditioning, desulfurization, graphite, synthetic rubber, plastics manufacturing, and so on. Increasing demand for calcium carbide, especially in the Asia Pacific, due to rapid population growth and industrialization in emerging economies such as China and India, is anticipated to fuel demand for the global calcium carbide market over the forecast period of 2021–2027.

For the purpose of this study, the global calcium carbide market is categorized into the following geographies and sub-geographies:

  • North America (U.S. and Canada)
  • Europe (Germany, U.K., France, and the Rest of Europe)
  • Asia Pacific (China, India, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • Middle East and Africa (including the Gulf Cooperation Council and the rest of the Middle East and Africa)

In 2016, Asia Pacific was the biggest manufacturing region as well as the largest consumer of calcium carbide and contributed over 90% to the total global demand for the total calcium carbide market. The calcium carbide market in North America is projected to record a sluggish growth rate during the forecast period of 2021 to 2027. The calcium carbide market in Europe is also expected to grow slowly due to the region's stagnant steel and petrochemical industries, as well as the strict implementation of environmental regulations. The calcium carbide market in the Asia Pacific zone is predicted to register the highest rate of growth during the projected period.

Frequently Asked Questions:

The market for Calcium Carbide Market is expected to reach US$ XX Mn By 2027.

The Calcium Carbide Market is expected to see significant CAGR growth over the coming years, at 4.4%.

The report is forecasted from 2021-2027.

The base year of this report is 2020.

AlzChem AG, American Elements, Carbide Industries LLC, DCM Shriram Ltd., Hudson Chemicals Corp., KC Group, Metaloides, SA de CV, Mil-Spec Industries Corp., NGO Chemical Group Ltd., and Regency Carbide Pvt. Ltd. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2017
Category:  Chemicals
Report ID:   58403
Report Format:   PDF
Pages:   120
Rating:    4.8 (70)
Delivery Time: 24 Hours to 48 Hours   
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