PUBLISHER: KBV Research | PRODUCT CODE: 1461699
PUBLISHER: KBV Research | PRODUCT CODE: 1461699
The Global Calcium Carbide Market size is expected to reach $17.1 billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 18,215.39 kilo tonnes, experiencing a growth of 4.1% (2019-2022).
Asia Pacific region will exert significant influence over the market due to the geographical proximity of key calcium carbide producers, including China and India. China is the foremost global producer and consumer of this. Thus, Asia Pacific region generated 75.5% revenue share in the market 2022. The region's growing industrialization and infrastructure development have led to a surge in the production of metals such as steel, aluminum, and titanium, all of which require this in their manufacturing processes.
Urbanization and industrialization are transformative processes reshaping emerging economies' economic and social landscapes. As populations in these regions increasingly migrate from rural areas to cities, there is a growing need for infrastructure development, housing, and industrialization to support the burgeoning urban populations.
Additionally, as per the Industrial Development Bureau, the chemical industry in Abu Dhabi accounts for the greatest portion of the country's GDP, contributing 53% in 2021 and attracting over AED 21 billion in investments. Thus, the positive trends in the global chemical industry, including strong export growth and significant investments, are expected to drive the demand for this in the coming years.
However, in some applications, it faces competition from alternative materials or processes. For example, alternative desulfurizing agents may be used in the steel industry instead of calcium carbide. These alternative agents offer advantages such as lower cost, higher efficiency, or reduced environmental impact, making them more attractive to steel manufacturers. Thus, the availability of these competitive substitutes could limit the growth potential of the market.
By Application Analysis
Based on application, the market is characterized into acetylene gas, calcium cyanamide, reducing & dehydrating agent, desulfurizing & deoxidizing agent, and others. The acetylene gas segment garnered the highest revenue share in the market in 2022. A chemical reaction occurs between this and water, resulting in the formation of calcium hydroxide and acetylene gas. Producing acetylene gas from calcium carbide is a relatively efficient process.
By End User Analysis
On the basis of end-user, the market is classified into chemicals, metallurgy, pharmaceutical, food, and others. The pharmaceutical segment recorded 18.8% revenue share in the market in 2022. In terms of volume, the pharmaceutical segment attained 3,190.43 kilo tonnes in the market 2022. Calcium carbide is used in the synthesis of organic compounds, including pharmaceuticals. Its versatility as a chemical feedstock makes it valuable in pharmaceutical manufacturing processes.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered 11.3% revenue share in the market in 2022. As industrialization in North America continues to grow, there is an increased demand for it in various industrial processes.
List of Key Companies Profiled
Global Calcium Carbide Market Report Segmentation
By End-User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)