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Calcium Carbide Market Size, Share & Industry Analysis, By Application (Acetylene Gas, Calcium Cynamide, Reducing & Dehydrating Agents, Steel Making, Others), By End User (Chemicals, Steel, Others), and Regional Forecast 2019-2026

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

 

KEY MARKET INSIGHTS

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Calcium carbide is an is an inorganic, greyish-black crystalline chemical compound produced by heating mixture of limestone and coke at about 2,200°C in an electric arc furnace. It is also known as calcium acetylide. Calcium carbide is mainly used to in the production of acetylene, calcium cyanamide, toy cannons, carbide lamps, and other organic chemicals. In addition, it is used as for desulfurization, slag conditioning, and furnace injection applications during steel production.


In the current scenario, calcium carbide is majorly used in the production of acetylene gas which is further used for the production of polyvinyl chloride (PVC).


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The production of PVC using calcium carbide source has been considered as a feasible method as it avoids the use of petroleum or natural gas and has advantages such as lower molecular weight, and better plasticizing properties as compared to the PVC produced using petroleum or natural gas.


The current calcium carbide market rising demand for PVC based plastic products, and growing chemical, steel and agriculture industries.


MARKET DRIVERS


“Growing Demand for Acetylene and its Derivatives Likely to drive the Calcium Carbide Market”


Calcium carbide 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 calcium carbide market growth.


Acetylene is further used in various applications such as 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 variety of consumer products such as hair sprays, cosmetics, sunscreens and lotions. In addition, these derivatives serves 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 the dominant country in the production and consumption of acetylene. Hence, growing demand for acetylene and its derivatives is expected to drive the calcium acetylide market.


“Increasing Production of Steel to Propel the Growth of Calcium Carbide Market”


Calcium carbide is used as a desulfurizing and reducing agent in the steel industry. In addition, it is used as a modulizing agent in production of domulr graphite in iron, and as a finishing slag component in ferrous and non-ferrous refining. In certain industrial processes calcium carbide is also used as an dehydrating agent.


According to the World Steel Association estimates, the global steel demand was expected to reach from 1,681.0 million ton in 2018 to 1,681 million ton in 2019. This increase is associated with 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.


SEGMENTATION


By Application Analysis


“The Acetylene Gas Segment is Expected to Generate the Highest Revenue during the Forecast Period.”


The demand for acetylene gas is increasing from several applications such as 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. Use of acetylene gas produced from calcium carbide is preferred raw material for the production of PVC as it avoids the dependability on petroleum and natural gas.


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Acetylene gas segment would ensure 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.


By End User Analysis


“Chemicals Segment of Calcium Carbide is Anticipated to Exhibit a Significant CAGR during the Forecast Period.”


Calcium carbide is used in production of various chemicals such as acetylene and its derivative including acrylic fibers, resins, and polymers; calcium cynamide; and other organic chemicals. Increasing demand for acetylene and its derivatives from pharmaceutical, and plastics industries, and calcium cynamide from agriculture industry is expected to drive the calcium acetylide market. In addition, growing chemical industry is expected to support the calcium carbide market share.


Similarly, steel end user segment is expected to provide growth to this market sales in the forecast period owing to the use of calcium carbide as 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 ANALYSIS


North America generated a revenue of USD 78.5 Million in 2018 and is anticipated to remain a key region of this market during the forecast period owing to the increased calcium carbide demand from chemical, steel, and industrial applications. However, the growth of the market in the North America region is anticipated to grow at a relatively lower CAGR due to the fact that natural gas and petroleum-based processes for the production of PVC have mostly replaced the calcium carbide-to-PVC method.


Asia Pacific is expected to witness the highest growth in calcium carbide market value across the region. Growth in the chemical and steel manufacturing industries is a key driver for the market in the region. 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.


North America Calcium Carbide Market Size, 2018

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On the other hand, 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 the calcium carbide 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 World would have lower growth in the calcium acetylide market value compared to other regions owing to the preference of petroleum based processes for the production of acetylene.


INDUSTRY KEY PLAYERS


“Market Players like Carbide Industries LLC, Inner Mongolia Baiyanhu Chemical Co., Ltd., and MCB Industries Sdn. Bhd. are Expected to Strengthen the Market Position with Respect to Providing Calcium Carbide Solutions to the Chemical Industry”


The major producers of calcium carbide are located in China leading to a fragmented market. The producers located in North America and Europe region are aiming to increase their presence in China and other countries in Asia Pacific in order to strengthen the market position and drive the business growth of the organization. The key players in the market have developed strong regional presence, distribution channels, and product offerings.


List of Key Companies Covered



  • Carbide Industries LLC

  • APH - Regency Power Group

  • MCB Industries Sdn. Bhd.

  • KC Group

  • DCM Shriram Ltd.

  • AlzChem

  • Denka Company Limited

  • American Elements

  • Inner Mongolia Baiyanhu Chemical Co., Ltd.

  • Lonza

  • Mil-Spec Industries Corporation

  • Xiahuayuan Xuguang Chemical

  • PT Emdeki Utama Tbk

  • Other Prominent Players


REPORT COVERAGE


"A growing trend observed in the penetration of the calcium carbide market across the industries"


The report provides qualitative and quantitative insights and detailed calcium carbide market analysis by size & growth rate for all possible segments in the market. The market is segmented by application, end user, and geography. Based on the application, the calcium acetylide market is classified into acetylene gas, calcium cynamide, reducing & dehydrating agents, steel making, and others.


By end user, the calcium acetylide market is divided into chemicals, steel, and others. Geographically, the market has been analyzed across four major regions, which are North America, Europe, Asia Pacific, and Rest of World. These regions are further categorized into countries.


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Along with this, the report provides an elaborative analysis of the calcium carbide market dynamics and competitive landscape. Various key insights presented in the report are the price trend analysis, recent industry developments in this market, the regulatory scenario in crucial countries, macro, and microeconomic factors, SWOT analysis, and key industry trends, competitive landscape and company profiles.


Report Scope & Segmentation








































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Million) and Volume (Kiloton)



Segmentation



By Application



  • Acetylene Gas

  • Calcium Cynamide

  • Reducing & Dehydrating Agents

  • Steel Making

  • Others



By End User



  • Chemicals

  • Steel

  • Others



By Geography



  • North America (U.S. and Canada)

  • Europe

  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

  • Rest of World



Frequently Asked Questions

Fortune Business Insights says that the calcium carbide market was valued at USD 13,385.5 Mn in 2018 and is projected to reach USD 20,547.3 Mn by 2026.

Growing at a CAGR of 5.6%, the calcium carbide market will exhibit steady growth in the forecast period (2019-2026)

Acetylene Gas segment is expected to be the leading application for calcium carbide market during the forecast period.

Growing production of acetylene and its derivatives will drive the growth of the calcium carbide market.

Asia Pacific is expected to hold the highest market share in the calcium carbide market.

Acetylene gas and calcium cynamide are the key applications that would drive the adoption of calcium carbide.

Rising demand for PVC based plastic products, and growing chemical, steel and agriculture industries are the market trends of calcium carbide.

Calcium Carbide Market Size, Share and Global Industry Trend Forecast till 2026
  • Oct, 2019
  • 2018
  • 2015-2017
  • 135

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