PUBLISHER: The Business Research Company | PRODUCT CODE: 1391065
PUBLISHER: The Business Research Company | PRODUCT CODE: 1391065
“Calcium Carbide Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on calcium carbide market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for calcium carbide? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The calcium carbide market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Calcium carbide (CaC2) is a crystalline, dark-gray chemical substance produced industrially by combining lime and coke at a temperature of approximately 2200 °C. When calcium carbide reacts with water, it generates acetylene gas and calcium hydroxide. Acetylene gas serves as a key raw material in the production of various organic compounds and functions as a fuel component in metal cutting and the manufacturing of diverse polymers.
The primary applications of calcium carbide encompass acetylene gas, calcium cyanamide, reducing and dehydrating agents, desulfurizing and deoxidizing agents, and other versatile uses. Acetylene gas is produced through the reaction of calcium carbide with water in an acetylene generator. Acetylene finds applications as a raw material in the production of various organic chemicals and as a fuel component in metal cutting, oxy-acetylene welding, and the manufacturing of several plastics. End-users of calcium carbide include the chemical, metallurgical, pharmaceutical, food, and other industries. Distribution channels for calcium carbide include both online and offline platforms.
The calcium carbide market research report is one of a series of new reports from The Business Research Company that provides calcium carbide market statistics, including calcium carbide industry global market size, regional shares, competitors with a calcium carbide market share, detailed calcium carbide market segments, market trends and opportunities, and any further data you may need to thrive in the calcium carbide industry. This calcium carbide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The calcium carbide market size has grown strongly in recent years. It will grow from $16.4 billion in 2023 to $17.72 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to the demand for acetylene gas in chemical and industrial applications, the growth in the steel and metallurgy industries for desulfurization, the expansion of the plastics and chemicals manufacturing sector, increased use of acetylene in welding and cutting applications, and the expansion of construction and infrastructure development.
The calcium carbide market size is expected to see strong growth in the next few years. It will grow to $24.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to sustainability and environmental concerns, the adoption of calcium carbide for acetylene-based electricity generation in remote areas, the growing utilization of acetylene in the automotive and aerospace sectors, the increasing need for calcium cyanamide as a soil conditioner and plant growth regulator, and regulatory support for the 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.
A surge in demand for plastic products is anticipated to drive the growth of the calcium carbide market. Calcium carbide plays a pivotal role in the production of plastic, particularly PVC plastic products and synthetic rubber. As an illustration, data from the India Brand Equity Foundation (IBEF) revealed that India exported plastic raw materials amounting to $352.04 million in July 2021, contributing to a total value of $1.57 billion from April to July 2021. The plastic products market is on a trajectory to expand from $993.1 billion in 2021 to an estimated $1,320.1 billion by 2026. Therefore, the escalating demand for plastic products is poised to be a driving force for the calcium carbide market.
The ongoing growth in infrastructural development activities is anticipated to fuel the expansion of the calcium carbide market. Infrastructural development plays a vital role in fostering economic growth and improving the overall quality of life. Governments worldwide are increasing investments in infrastructure projects, consequently boosting the demand for calcium carbide, a crucial component widely utilized in various infrastructural activities. A notable example is the Global Infrastructure Outlook by G20 nations, indicating that global spending on infrastructure rose from US$ 2.1 trillion in 2010 to US$ 2.8 trillion in 2021. This expenditure is projected to further increase to US$ 3.3 trillion by 2030. The growth in infrastructural development activities is, therefore, a significant driver for the calcium carbide market.
The adoption of advanced production technologies is a prominent trend gaining traction in the calcium carbide market. Leveraging cutting-edge production technologies enhances overall productivity by integrating innovative methods to reduce human effort and production time. An exemplar of this trend is the introduction of CacliPro by AlzChem Group, a Germany-based chemicals company, in the Russian steel industry. CacliPro proves highly effective in the calcium treatment of molten steel, contributing to improved casting ability and enhanced mechanical qualities of the final steel products. This emphasis on technological advancement is a key aspect shaping the calcium carbide market landscape.
In October 2021, Element Materials Technology, a UK-based company specializing in testing, inspection, and certification, successfully completed the acquisition of Nanosyn for an undisclosed sum. This strategic move aims to broaden Element Materials Technology's service offerings, particularly in the areas of drug discovery and small-scale manufacturing, catering to the pharmaceutical and biopharmaceutical sectors in North America. Nanosyn, based in the United States, operates as a pharmaceutical contract development and manufacturing organization, specializing in the production of magnesium oxide nanopowders for various industries.
In July 2021, Nigu Chemie GmbH, a German chemical company, finalized a merger deal with AlzChem Trostberg, the German-based chemical company known for producing products containing calcium carbide. The merger, executed for an undisclosed amount, is anticipated to strengthen AlzChem's portfolio in specialty chemicals, enhancing its ability to provide superior products and services to both suppliers and customers. This strategic consolidation positions AlzChem as a key player in the chemical industry, leveraging synergies to drive innovation and market competitiveness.
Major companies operating in the calcium carbide market include 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
North America will be the largest region in the calcium carbide market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the calcium carbide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the calcium carbide market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The calcium carbide market consists of sales of calcium carbide that is used in steel manufacturing and as a reducing agent in various chemical processes. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.