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Calcium Carbide Market to Reach USD 19.12 Billion by 2027; Rising Application of Acetylene in Pharmaceuticals to Encourage Growth

September 24, 2020 | Chemicals & Materials

The global calcium carbide market size is expected to reach USD 19.12 billion by 2027. The rising demand for PVC-based plastic products is expected to foster the healthy growth of the market, states Fortune Business Insights, in a report, titled “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.” The market size stood at USD 14.06 billion in 2019 and is expected to exhibit a CAGR of 4.3% between 2020 to 2027.


Expansion of Lonza’s Manufacturing Facility to Boost Market


Lonza Group, a Swiss multinational, chemicals, and biotechnology company announced the expansion of its microbial manufacturing facility in Visp, Switzerland. The new facility will offer scale commercial manufacturing to various customers. Moreover, the company also announced the extension of its partnership agreement with Servier for L-asparaginase, which has been produced at Lonza since 2009. The collaboration of the companies will provide Servier with additional capacity to treat patients with acute lymphoblastic leukemia and cater to the needs of L-asparaginase. Furthermore, the new facility is expected to become operational by mid-2022. Also, the extensive research and development in calcium carbide and microbial fermentation by the company to enlarge its manufacturing and production capabilities will create opportunities for the market in the foreseeable future. In addition, the rising technological advancements to improve the process of CaC2 creation is predicted to foster healthy growth of the market during the forecast period.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/calcium-carbide-market-101580


Growing Production of Steel to Uplift Market Potential


The growing utilization of CaC2 in desulfurizing and as a reducing agent will have a positive effect on the market during the forecast period. Similarly, it is also used as a modulizing agent in the creation of domulr graphite in iron, and as a finishing slag component in ferrous and non-ferrous refining. The rising steel demand around the world will contribute heavily to the growth of the market. As per the survey conducted by Oxford Economics as an economic modeling exercise in 2017, the steel industry sold US$2.5 trillion worth of products and created US$500 billion value-added. Besides, the rising construction and infrastructure developments will fuel the steel demand, simultaneously aiding the growth of the market. 


Carbide Industries LLC to Dominate the Market with its Extensive Product Range


The major companies in the market are focused on expanding their production capacities to reinforce its position in the market. The major producers are shifting towards manufacturing hubs in developing nations to save revenue on labor costs. The enhancement in distribution channels and product offerings of eminent players can be vital for the growth of the market. For instance, Carbide Industries LLC and KC Group have improved their product portfolio to strengthen its position in the market. Besides, various strategies implemented by major industry players such as partnerships, collaborations and acquisition will bode well for the market, thus spurring competition among rival companies


The Report Lists the Main Companies in the Calcium Carbide Market:



  • 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)

  • Other Key Players


Further Report Findings:



  • Regional Analysis: The market in Asia Pacific is expected to expand rapidly during the forecast period due to the flourishing chemical and steel manufacturing industries in the region. The growing industrialization in China, Japan, and India will bolster the healthy growth of the market in Asia Pacific.

  • Leading Segment: The steelmaking is expected to account for the largest share during the forecast period owing to the growing utilization of CaC2 as a desulfurizing and reducing agent in the steel industry. Moreover, the growing demand for acetylene and its derivatives from the pharmaceutical, and plastics industry will promote the speedy growth of the market.


The Calcium Carbide Market is Segmented into:














































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion); Volume (Kilo Ton)



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


Calcium Carbide Market
  • PDF
  • 2019
  • 2016-2018
  • 135

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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