"Innovative Market Solutions to Help Businesses Make Informed Decisions"

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, 2022-2029

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

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global calcium carbide market size was valued at USD 14.78 billion in 2021. The market is projected to grow from USD 15.30 billion in 2022 to USD 21.02 billion in 2029, exhibiting a CAGR of 4.6% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with calcium carbide experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a growth of 1.5% in 2020 as compared to 2019.


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


COVID-19 IMPACT


Decreased Demand for PVC to Thwart Market amid COVID-19 Pandemic


China is a significant producer and supplier of raw materials across the globe. The spread of COVID-19 had a vital impact on the supply chain. The product has a major application in the production of acetylene gas, which is likely to impact the calcium carbide market. This factor is associated with the countrywide lockdown in China, leading to the diminished production capacities significantly, unfavorable labor situation, lack of transportation, and declined export activities.    


Further, the demand for PVC is also decreasing, which affects the demand for calcium carbide. The decreasing PVC demand can be attributed to plant shutdowns, lowering 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 calcium acetylide market growth.


LATEST TRENDS


Request a Free sample to learn more about this report.


Growing Demand for Acetylene in Various Applications is a Notable Trend


The rising commercial application 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. The gradual surge in the chemical industry will further support the market growth.


DRIVING FACTORS


Growing Demand for Acetylene and its Derivatives to Drive Market


CaC2 is used as a raw material in producing various chemicals, including acetylene and its derivatives such as acrylic fibers, resins, polymers, and more. The growth in the production of acetylene and its derivatives has effectively influenced the calcium carbide market growth.


Acetylene is further used in various industries such as pharmaceuticals, plastics, dye, and rubber. Acetylene derivatives are used in various 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, a dominant country in the production and consumption of acetylene. Hence, the growing demand for acetylene and its derivatives is expected to drive the product consumption during the review period.


Increasing Production of Steel to Propel Growth of the Market


CaC2 is used as a desulfurizing and reducing agent in the steel industry. Besides, it is also used as a modulizing agent in the production of domlur 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 a dehydrating agent. 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 demand, is expected to propel the market's growth.


RESTRAINING FACTORS


Harmful Effects of Calcium Carbide on Health to Limit Market Growth


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


SEGMENTATION


By Application Analysis


To know how our report can help streamline your business, Speak to Analyst


Numerous Applications of Acetylene Gas to Boost Market


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


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


Increasing preference for calcium cyanamide from the agriculture industry to produce fertilizers is surging the product growth globally. Rising demand for reducing and dehydrating agents from the chemical industry will provide growth opportunities for the market. Further, the growing product usage in desulfurizing iron and as a fuel in steel-making applications will drive the market during the review period. The others segment is anticipated to grow due to the increasing use of calcium carbide in the toy cannons, carbide lamps, and fruit ripening.


By End-user Analysis


Chemicals Segment to Exhibit a Significant CAGR during the Forecast Period


CaC2 is used as raw material for synthesizing various chemicals such as acetylene and its derivative, including acrylic fibers, resins, polymers, calcium cyanamide, and other organic chemicals. The increasing demand for acetylene and its derivatives from the pharmaceutical and plastics industries and calcium cyanamide from the agriculture industry is expected to drive the segment. Also, the expanding chemical industry is expected to support the chemical segment’s growth.


Similarly, the steel-making segment is expected to offer impetus to the market during the forecast period due to CaC2 as a desulfurizing & reducing agent and fuel in the steel industry. The increasing demand for desulfurizing & reducing agents from the steel industry will drive the market globally.


REGIONAL INSIGHTS


Asia Pacific Calcium Carbide Market Size, 2021 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


Asia Pacific stood at USD 14.16 billion in 2021. The region is expected to witness the highest growth in the market during the forecast period. The prospering chemical and steel manufacturing industries in the region is a key driver of the market. China, India, and Japan are key countries contributing to the market growth in the region owing to the rising PVC production in these countries.


North America accounted for a significant share in 2021 and is anticipated to remain a key region during the forecast period due to the increased demand from chemical, steel, and industrial applications. However, the demand in the North American region is anticipated to grow at a relatively lower CAGR as natural gas and petroleum-based processes for the production of PVC have been replaced by the calcium carbide-to-PVC method.


Whereas, Europe is expected to register a significant growth in the market. The growing demand for calcium cyanamide from the agriculture industry would contribute to the growth of the market in the region. Additionally, the use of CaC2for the desulfurization of iron and as a fuel in steelmaking and the expanding 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 than other regions due to the preference for petroleum-based processes for acetylene production.


KEY INDUSTRY PLAYERS


Key Manufacturers to Strengthen Positions by Proposing Novel Solutions to Chemical Industry


Major producers of this market are located in China, thereby leading to a fragmented market. The producers located in North America and Europe are aiming to increase their presence in China and other countries in Asia Pacific to strengthen their market positions and drive the organization's business growth. These major players in the market have developed a solid presence across regions, strong product portfolio, and distribution channels.


KC Group has maintained a strong presence in the domestic market. The company adopted strategies of having a good consumer relationship, maintaining and gaining a 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.)

  • Xiahuayuan Xuguang Chemical (China)

  • PT Emdeki Utama Tbk (Indonesia)


REPORT COVERAGE


An Infographic Representation of Calcium Carbide Market

To get information on various segments, share your queries with us



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


Report Scope & Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD Billion), Volume (Million Ton)



Segmentation



Application, End-user, 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)

    • U.S.

    • Canada



  • Europe (By Application, By End-user)

  • Asia Pacific (By Application, By End-user)

    • China

    • Japan

    • India

    • Malaysia

    • Rest of ASEAN

    • By Rest of Asia Pacific



  • Rest of the World (By Application, By End-user)



Frequently Asked Questions

Fortune Business Insights says that the market size was USD 14.78 billion in 2021 and is projected to reach USD 21.02 billion by 2029.

In 2021, the market value stood at USD 14.16 billion.

Registering a CAGR of 4.6%, the market will exhibit steady growth in the forecast period (2022-2029).

The acetylene gas segment is expected to lead based on application.

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

Carbide Industries LLC, Inner Mongolia Baiyanhu Chemical Co., Ltd., and MCB Industries Sdn. Bhd. are the major players in the market.

The rising demand for PVC-based plastic products and growing chemical, steel, and agriculture industries are expected to drive the adoption of the product.

Asia Pacific dominated the global market in terms of share in 2021.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Jul, 2022
  • 2021
  • 2018-2020
  • 131

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X