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Calcium Carbide Market to Exhibit 4.5% CAGR by 2028; Rising Utilization in desulfurization, Slag Conditioning, and Furnace Injection to Bolster Growth

December 17, 2021 | Chemicals & Materials

The global calcium carbide market size is projected to grow from USD 14.78 billion in 2021 to USD 20.09 billion in 2028. The increasing usage of calcium acetylide in furnace injection, slag conditioning, and desulfurization applications would positively affect the growth of this industry.


Fortune Business Insights™ published this information 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, 2021-2028.” The report further states that the market stood at USD 14.28 billion in 2020. It is set to exhibit a CAGR of 4.5% in the forecast period during 2021-2028.


COVID-19 Impact- Low Available Workforce & Declining Production Rates to Impede Growth


The coronavirus outbreak has drastically impacted the market. The supply chain disruptions across several industries and the strict lockdowns implemented to curb the virus spread have negatively impacted the global market. Furthermore, the low available workforce, reduced global trade, and declining production rates have aggravated the situation. Moreover, these hindrances resulted in high export prices, which further declined the product demand. Nonetheless, with the swift vaccinations being held globally, the market is recovering.


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


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


High Demand for Steel to Boost Growth Worldwide


Calcium carbide is majorly used as a reducing and desulfurizing agent in the steel industry. It is also utilized to produce domlur graphite and a finishing slag component in non-ferrous and ferrous refining. The surging infrastructure development programs, improvements in investments, and high steel demand would propel the calcium carbide market growth in the upcoming years. However, prolonged exposure to calcium acetylide often leads to numerous health issues, such as mood disturbances, dizziness, hypoxia, headaches, seizures, and sleepiness. It may hamper growth.  


Key Companies Aim to Enter Asia Pacific to Strengthen their Positions


Most of the reputed calcium carbide manufacturers are present in China, and hence the market has a fragmented structure. Companies situated in North America and Europe strive to strengthen their positions by entering China and other countries in the Asia Pacific. KC Group, for instance, has a robust presence in the domestic market as it maintains good consumer relationships.


List of Major Key Players in this 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)


Further Report Findings-



  • In 2020, Asia Pacific procured USD 13.67 billion in terms of revenue. It is expected to lead the market because of the surging PVC production in India, Japan, and China. Also, the expansion of the steel and chemical industries in the region would boost the demand for calcium carbide.

  • Europe is likely to showcase considerable growth in the market backed by the high demand for calcium cyanamide from the agriculture industry. Coupled with this, the surging expansion of the steel industry in the region would aid growth.

  • By end-users, the market is segregated into steel making, calcium cyanamide, acetylene gas, reducing & dehydrating agent, and others. The calcium cyanamide segment generated 9.8% in 2020 in terms of the calcium carbide market share. The high demand from the chemical industry is set to augment growth.


Table of Segmentation-


















































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Estimated Year



 2021



Forecast Period



 2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion); Volume (Million Ton)



Segmentation



By Application, By End-User, By 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)


Calcium Carbide Market
  • PDF
  • 2020
  • 2017-2019
  • 131

    CHOOSE LICENSE TYPE

  • 4850
    5850
    7850

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