Global Calcium Carbide Market to Reach USD 20,133.49 Million by 2030 | CAGR of 3.4%
Category : Materials And Chemicals | Published Date : Nov 2024 | Type : Press Release
Calcium Carbide Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Global Calcium Carbide Market size was valued at USD 13,361.04 million in 2022 and is projected to grow at a CAGR of 4.6%, reaching USD 19,997.11 million by 2031. Calcium carbide (CaC2) is a chemical compound primarily utilized for producing acetylene gas, an essential component in various industrial applications. It also finds use in steel manufacturing, chemical production, and desulfurizing processes.
The report comprises the Calcium Carbide Market Share, Size & Industry Analysis, By Application (Acetylene Gas, Calcium Cyanamide, Desulfurizing Agent, Reducing Agent, Others), By End-User Industry (Steel Manufacturing, Chemical, Pharmaceutical, Metal Fabrication, Construction Material, Energy & Power, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2031.
The report contains detailed information on Calcium Carbide Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints, PESTLE Analysis, PORTER Analysis, and Value Chain Analysis.
The market growth is driven by increasing demand for acetylene gas in various industrial applications and the rising use of calcium carbide in steel manufacturing processes.
Segmental Analysis :
By Application:
- Acetylene Gas held the largest market share in 2022, driven by its extensive use in welding, metal cutting, and as a precursor for chemical synthesis. Acetylene gas, produced from calcium carbide, plays a crucial role in various industrial processes.
- Calcium Cyanamide is expected to register the highest growth rate during the forecast period. Calcium carbide serves as a raw material in the production of calcium cyanamide, a key fertilizer used for enhancing soil nitrogen content and increasing crop yields.
By End-User Industry:
- Steel Manufacturing accounted for the largest share in 2022 due to the application of calcium carbide in the desulfurization of molten iron. The use of calcium carbide helps improve the quality of steel by reducing sulfur content.
- Chemical Industry is anticipated to grow significantly, driven by the increasing demand for acetylene gas as a feedstock for the synthesis of various organic chemicals.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific led the market in 2022, supported by strong demand from the construction and metallurgy sectors, particularly in China and India.
- North America is expected to witness steady growth, driven by advancements in chemical manufacturing and increased usage of acetylene gas in industrial applications.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 19,997.11 Million |
| CAGR (2024-2031) | 4.6% |
| By Application | Acetylene Gas, Calcium Cyanamide, Desulfurizing Agent, Reducing Agent, Others |
| By End-User Industry | Steel Manufacturing, Chemical, Pharmaceutical, Metal Fabrication, Construction Material, Energy & Power, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape features major manufacturers and suppliers of calcium carbide, with a strong focus on expanding product portfolios and increasing market share through strategic initiatives. The report includes detailed profiles of key players, market share analysis, and recent industry developments.
List of prominent players in the Calcium Carbide Industry:
- Denka Company Limited
- American Elements
- Lonza
- Mil-Spec Industries Corporation
- Xiahuayuan Xuguang Chemical
- Carbide Industries LLC
- APH-Regency Power Group
- MCB Industries Sdn. Bhd.
- KC Group
- DCM Shriram Ltd.
- AlzChem
Recent Industry Developments :
- May 2023: Denka Company Limited initiated joint research with Transform Materials LLC to develop a low-carbon production method for acetylene from calcium carbide, enhancing sustainability in manufacturing.
- July 2022: AlzChem expanded its calcium carbide production capacity, targeting growing demand from the chemical and steel manufacturing industries.
