The global calcium carbide market size is expected to grow from $13.80 billion in 2021 to $14.49 billion in 2022 at a compound annual growth rate (CAGR) of 5.19%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global calcium carbide market size is expected to reach $18.68 billion in 2026 at a CAGR of 5.52%.
What is the Global Calcium Carbide Market?
The calcium carbide market consists of sales of calcium carbide by entities (organizations, sole traders, and partnerships) that include various chemical substances, pharmaceuticals, and chemical reducing agents. Calcium carbide (CaC2) is a crystalline dark grey 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.
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What drives the Global Calcium Carbide Market?
Rising 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 increasing demand for plastic products is expected to drive the market during the period.
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Global Calcium Carbide Market Segments
The global calcium carbide market is segmented:
By Application: Acetylene Gas, Calcium Cyanamide, Reducing and Dehydrating Agents, Desulfurizing and Deoxidizing Agent, Others
By End-User: Chemical, Metallurgy, Pharmaceutical, Food, Others
By Distribution Channel: Online, Offline
By Geography: The regions covered in the calcium carbide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Calcium Carbide Global Market Report 2022provides market size and growth forecasts for the global calcium carbide market, global calcium carbide market share, calcium carbide market segments and geographies, calcium carbide market competitive landscape including leading competitors’ revenues, profiles and market shares. The calcium carbide market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Calcium Carbide Industry Playersinclude AlzChem, Carbide Industries LLC, DCM Shriram Ltd, Denka Company Limited, Inner Mongolia Biayanhu Chemical Co. Ltd, Iran Carbide, KC Group, Lonza Group Ltd, MCB Industries Sdn. Bhd., Merck KGaA, Mil-Spec Industries Corporation, PT Emdeki Utama Tbk, Xinjiang Tianye (Group) Co. Ltd, Ningxia Jinhaoyuan Chemical Group Co. Ltd, Santa Cruz Biotechnology, Inc. and Thermo Fisher Scientific. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
