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Calcium Carbide Market Size, Share & COVID-19 Impact Analysis, By Application (Acetylene Gas, Calcium Cyanamide, Reducing & Dehydrating Agents, Steel Making, Others), By End User (Chemicals, Steel, Others), and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI101580

 

KEY MARKET INSIGHTS

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The global calcium carbide market size was USD 14.06 billion in 2019 and is projected to reach USD 19.12 billion by 2027, exhibiting a CAGR of 4.3% during the forecast period.

COVID-19 Cover

This report covers COVID-19 impact analysis on Calcium Carbide Market

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Calcium carbide also known as CaC₂ is mainly used in the production of acetylene, calcium cyanamide, toy cannons, carbide lamps, and other organic chemicals. It is also used for desulfurization, slag conditioning, and furnace injection applications during steel production. In the current scenario, it is majorly used in the production of acetylene gas which is further used for the production of polyvinyl chloride (PVC). The production of PVC using CaC2 has been considered as a feasible method because it does not require the use of petroleum or natural gas and has advantages such as lower molecular weight and better plasticizing properties compared to the petroleum-based PVC. The current trends in the market are rising demand for PVC based plastic products, and growing chemical, steel, and agriculture industries.


Decreased Demand of CAC2 to Thwart Market Growth Amid COVID-19 Pandemic


China is a significant producer and supplier of raw materials across the globe. The spread of COVID-19 has had a significant impact on the supply chain. Acetylene gas production is a major application of calcium carbide, thus restrictions over production of acetylene gas due to temporary shutdown of facilities is expected to negatively impact the market. This is associated with the countrywide lockdown in China, leading to diminished production capacities significantly, unfavourable labour situation, lack of transportation, and declined export activities.  


Further, the demand for PVC is also decreasing which, in turn, is affecting the demand for calcium carbide. The decrease in PVC demand can be attributed to the plant shutdowns, lowering of construction activities, and slowdowns in the supply chain. Moreover, the pandemic has also caused a break in the export and import chain, resulting in high export prices. All the aforementioned factors are directly or indirectly affecting the market growth.


LATEST TRENDS


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Growing Demand for Acetylene in Various Applications to Favor Growth


The rising commercial applications of acetylene has improved the demand for calcium carbide. Applications of acetylene include potable lightning, welding, and cutting of metals, production of chemicals, manufacturing of plastics, and others. PVC and PVDF are made from acetylene derivatives such as methane and ethylene. Plastics are very cost-effective and easy to manufacture products that have applications in various industries. This rising demand for plastics is further supporting the growth of the market. Additionally, acetylene is used for the synthesis of various chemicals, gradual growth in the chemical industry will further support market growth.


DRIVING FACTORS


Growing Demand for Acetylene and its Derivatives to Drive Market


CaC2 is used as a raw material in the production of a wide variety of chemicals, including acetylene and its derivatives such as acrylic fibers, resins, and polymers, etc. The growth in the production of acetylene and its derivatives effectively influenced the market growth.


Acetylene is further used in various applications such as the synthesis of solvents and organic compounds required in the pharmaceutical and dyestuff industries, oxyacetylene welding, and manufacturing of the plastics and synthetic rubber. Acetylene derivatives are used in a variety of consumer products such as hair sprays, cosmetics, sunscreens, and lotions. Also, these derivatives serve as a feedstock for the production of polyurethane fibers and synthetic rubber. Currently, acetylene is mainly used in the production of PVC in China which is a dominant country in the production and consumption of acetylene. Hence, the growing demand for acetylene and its derivatives is expected to drive the market.


Increasing Production of Steel to Propel the Growth of the Market


CAC2 is used as a desulfurizing and reducing agent in the steel industry. Besides, it is also used as a modulating agent in the production of graphite iron, and as a finishing slag component in ferrous and non-ferrous refining. In certain industrial processes, CaC2 is also used as a dehydrating agent.


According to the World Steel Association estimates, the global steel production was around 1,808 million tonnes in 2018. This increase is attributable to the robustness of steel demand, improving investments, and infrastructure programs. Hence, the increasing production of steel around the globe owing to its increased demand is expected to propel the growth of the market.


RESTRAINING FACTORS


Harmful Effects of CaC2 on Health to Limit Market Growth


CaC2 can be harmful to the consumer’s health during long exposure. Moreover, it is used for food treatment, which is considered to be extremely hazardous as it contains bits of phosphorus and arsenic and produces acetylene gas, once dissolved in water. Arsenic and acetylene gas affect different organs of the human body and cause various health problems like dizziness, headache, sleepiness, mood disturbances, seizures, and prolonged hypoxia. The growing awareness about its health effects may reduce its demand, thus restraining the market growth.


SEGMENTATION


By Application Analysis


Acetylene Gas Segment to Generate the Highest Revenue


The demand for acetylene gas is increasing from several applications such as the synthesis of solvents and organic compounds, required in the pharmaceutical and dyestuff industries, oxyacetylene welding, and manufacturing of the plastics and synthetic rubber. This has led to the rise in the production of acetylene gas which is expected to increase the consumption of calcium carbide.


Acetylene gas witnesses high demand from polyvinyl chloride production which is a preferred plastic for the production of pipes & fittings, films & sheets, and wires & cables. The use of acetylene gas produced from CaC2 is the preferred raw material for the production of PVC as it avoids the dependability of petroleum and natural gas.


The acetylene gas segment is expected to hold the highest calcium acetylide market share in terms of revenue generation owing to its high demand from several applications in the chemical, steel, and plastic industries.


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Chemicals Segment of Calcium Carbide to Exhibit a Significant CAGR during the Forecast Period


Calcium carbide is used in the production of various chemicals such as acetylene and its derivatives including acrylic fibers, resins, and polymers; calcium cyanamide; and other organic chemicals. Increasing demand for acetylene and its derivatives from the pharmaceutical and plastic industries, and calcium cyanamide from the agriculture industry is expected to drive the market. Also, the growing chemical industry is expected to support market growth.


Similarly, the steelmaking segment is expected to offer impetus to the market during the forecast period owing to the use of CaC2 as a desulfurizing and reducing agent, and fuel in the steel industry. Increasing demand for desulfurizing and reducing agents from the steel industry will drive the demand for calcium carbide, globally.


REGIONAL INSIGHTS


Asia Pacific Calcium Carbide Market Size, 2019 (USD Billion)

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North America accounted for a significant calcium carbide market share in 2019 and is anticipated to remain a key region of the global market during the forecast period owing to the increased demand from chemical, steel, and industrial applications. However, the product demand in the North America region is anticipated to grow at a relatively lower CAGR because natural gas and petroleum-based processes for the production of PVC have been replaced by the calcium carbide-to-PVC method.


Asia Pacific is expected to witness the highest growth during the forecast period. The prospering chemical and steel manufacturing industry in the region is a key driver in the market. China, Japan, and India are key countries contributing to the calcium carbide market growth in the region owing to the rising PVC production in these countries.


Europe is projected to witness significant growth in the calcium acetylide market. The increasing demand for calcium cyanamide from the agriculture industry would contribute to the growth of the market in the region. Additionally, the use of CaC2 for the desulfurization of iron and as a fuel in steelmaking, and the growing steel industry are other key factors driving the calcium acetylide market growth in Europe.


The Rest of the World is predicted to observe a lower growth rate compared to other regions owing to the preference of petroleum-based processes for the production of acetylene.


KEY INDUSTRY PLAYERS


Market Players to Strengthen Position by Offering Innovative Solutions to the Chemical Industry


Major players operating in the industry are MCB Industries Sdn. Bhd., Carbide Industries LLC, KC Group and others. Companies are involved in new product launch, joint venture and acquisition, and partnerships and agreement to gain a competitive edge in the market. For example, Mil-Spec Industries Corp. is the U.S. government’s contractor and supplies energetic materials, pyrotechnics, aerospace components & systems and other products and solutions to the defense, commercial and aerospace industries.


KC Group has maintained a strong presence in the domestic market. The company adopts several strategies to expand their footprint in the market. It aims at maintaining a good consumer relationship, gaining presence in the local market, and providing quality products.


LIST OF KEY COMPANIES PROFILED:



  • Carbide Industries LLC (U.S.)

  • APH - Regency Power Group (India)

  • MCB Industries Sdn. Bhd. (Malaysia)

  • KC Group (India)

  • DCM Shriram Ltd. (India)

  • AlzChem (Germany)

  • Denka Company Limited (Japan)

  • American Elements (U.S.)

  • Inner Mongolia Baiyanhu Chemical Co., Ltd. (China)

  • Lonza (Switzerland)

  • Mil-Spec Industries Corporation (U.S.)

  • Xiahou Yuan Xuguang Chemical (China)

  • PT Emdeki Utama Tbk (Indonesia)

  • Other Key Players


REPORT COVERAGE


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The calcium carbide market research report provides a detailed industry analysis and focuses on crucial aspects such as leading companies, applications, and products. Also, the report offers insights into market trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the growth of the market over recent years.


An Infographic Representation of Calcium Carbide Market

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Report Scope & Segmentation














































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion); Volume (Kilo Tons)



Segmentation



  Application; End-User; and Geography



By Application


 




  • Acetylene Gas

  • Calcium Cyanamide

  • Reducing & Dehydrating Agents

  • Steel Making

  • Others



By End-User


 




  • Chemicals

  • Steel

  • Others



By Geography


 




  • North America



  • By Application

  • By End-User

  • By Country

    • By the U.S.

    • By Canada





  • Europe



  • By Application

  • By End-User



  • Asia Pacific



  • By Application

  • By End-User

  • By Country

    • By Japan

    • By China

    • By India

    • By Rest of Asia Pacific





  • Rest of World



  • By Application

  • By End-User



Frequently Asked Questions

Fortune Business Insights says that the calcium carbide market size was USD 14.06 billion in 2019 and is projected to reach USD 19.12 billion by 2027.

In 2019, the market value stood at USD 14.06 billion.

Growing at a CAGR of 4.3%, the market will exhibit steady growth in the forecast period (2020-2027).

The acetylene gas segment is expected to be the leading segment based on the application.

The growing production of acetylene and its derivatives will drive market growth.

Asia Pacific dominated the global market in 2019.

Rising demand for PVC based plastic products and growing chemical, steel, and agriculture industries are factors expected to drive the market.

Calcium Carbide Market Size, Share and Global Industry Trend Forecast till 2026
  • Sep, 2020
  • 2019
  • 2016-2018
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