Calcium Carbide Market Analysis | 2022-2028

Market Insights

The calcium carbide market was estimated at USD 14.5 billion in 2021 and is likely to grow at a CAGR of 4.1% during 2022-2028 to reach USD 18.5 billion in 2028.

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Market Dynamics

Introduction

Calcium carbide is a chemical compound that is widely used in various industries, including steel production, gas welding, and agriculture. It is produced by heating lime and carbon in a furnace, and it has a wide range of applications due to its ability to generate acetylene gas when it comes into contact with water.

Market Drivers

The global calcium carbide market has seen significant growth in recent years, driven by increasing demand for acetylene gas in industrial applications, particularly in the manufacturing and construction sectors. Some of the current trends in the calcium carbide market include increasing demand for acetylene gas, growing use of calcium carbide in the agriculture industry, development of new production technologies, increasing focus on sustainability- with growing concerns about the environmental impact of industrial processes, there is increasing focus on sustainability in the calcium carbide market.

Companies are adopting eco-friendly production processes and investing in renewable energy sources to reduce their carbon footprint and meet sustainability targets. Also, emergence of new application areas while it has been traditionally used in industrial and agricultural applications, there is growing interest in its use in new application areas such as the production of PVC and organic chemicals. This is expected to create new growth opportunities for the market in the coming years.

COVID-19 Impact

The COVID-19 pandemic has had a mixed impact on the calcium carbide market. On one hand, the pandemic has led to disruptions in the global supply chain, resulting in a shortage of raw materials and logistical challenges in transporting finished products. This has led to price volatility and reduced availability of calcium carbide in certain regions.

On the other hand, the pandemic has led to increased demand for calcium carbide in certain industries such as healthcare and pharmaceuticals. Calcium carbide is used in the production of acetylene gas, which is used in the manufacture of medical equipment such as ventilators and oxygen concentrators. The global demand for these devices has surged during the pandemic, leading to increased demand for acetylene gas and calcium carbide.

The pandemic has also led to changes in consumer behavior, with an increased focus on health and hygiene leading to higher demand for fruits and vegetables. Calcium carbide is used as a ripening agent for fruits, and this has led to increased demand for the compound in the agriculture industry.

Overall, the COVID-19 pandemic has had a mixed impact on the calcium carbide market, with both positive and negative effects. However, the long-term outlook for the market remains positive, driven by growing demand from various industries and the emergence of new application areas.

Segment Analysis

By Application Type

On the basis of application, the global calcium carbide market is segmented into Acetylene Gas, Calcium Cyanamide, Reducing and Dehydrating Agent, Desulfurizing and Deoxidizing Agent, and Others. Acetylene gas is the primary application of calcium carbide, accounting for a significant share of the market.

Calcium carbide reacts with water to produce acetylene gas, which is used in various industries such as metal fabrication, chemical manufacturing, and welding. The acetylene gas segment is expected to dominate the market due to its wide range of applications in various industries such as metal fabrication, chemical manufacturing, and welding. The calcium cyanamide segment is also expected to grow due to increasing demand for fertilizers and soil amendments in the agriculture industry.

The reducing and dehydrating agent and the desulfurizing and deoxidizing agent segments are also expected to grow due to increasing demand for metals and steel in various industries. The other segment is expected to create new growth opportunities in the market due to the emergence of new application areas. Calcium carbide is also used in other applications such as in the production of PVC, organic chemicals, and as a ripening agent for fruits.

By End-Use Industry Type

On the basis of end-use industry, calcium carbide market is segmented into Chemicals, Metallurgy, Pharmaceutical, Food and Others. The chemicals industry is a major end-user of calcium carbide, where it is primarily used in the production of acetylene, which is used in the manufacture of various chemicals such as vinyl acetate monomer, chloroprene rubber, and others.

The metallurgy industry is another major end-user of calcium carbide, where it is used as a reducing agent in the production of metals such as titanium and zirconium. It is also used as a desulfurizing agent in the production of steel. Calcium carbide is also used in other industries such as mining, water treatment, and as a fuel for welding and cutting operations.

By Region

• North America: North America is a mature market for calcium carbide, with a well-established chemicals and metallurgy industry. The region is expected to experience moderate growth due to increasing demand for calcium carbide in the production of acetylene gas and steel.
• Europe: Europe is another mature market for calcium carbide, with a well-established chemicals and metallurgy industry. The region is expected to experience moderate growth due to increasing demand for calcium carbide in the production of various chemicals and metals.
• Asia-Pacific: The Asia-Pacific remains the largest and fastest-growing region in the global market, driven by increasing demand for acetylene gas, steel, and fertilizers in countries such as China, India, and Japan. The region is also expected to witness growing demand for calcium carbide in the production of medical devices and ripened fruits.
• Middle East & Africa: The Middle East & Africa region is expected to witness moderate growth due to increasing demand for calcium carbide in the production of steel and chemicals.
• Latin America: Latin America is a small but growing market for calcium carbide, with increasing demand for the compound in the production of acetylene gas and steel.

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Key Players

The calcium carbide market is highly competitive, with a large number of players operating in the market, some major companies present in the calcium carbide market are:

• AlzChem Group AG
• American Elements
• Carbide Industries
• Denka Company Limited
• Inner Mongolia Baiyanhu Chemical Co. Ltd.
• KC Group
• MCB Industries Sdn. Bhd
• Merck KGaA
• Mil-Spec Industries Corporation
• Praxair S.T. Technology, Inc
• SA Calcium Carbide (Pty) Ltd.
• Santa Cruz Biotechnology, Inc.
• Thermo Fisher Scientific
• Xinjiang Zhongtai Chemical Co. Ltd.
• Other Prominent Players

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s calcium carbide market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our calcium carbide market report from the industry stakeholders, we have tried to further accentuate our research scope to the calcium carbide market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The calcium carbide market is segmented into the following categories:

By Application Type

• Acetylene Gas
• Calcium Cyanamide
• Reducing and Dehydrating Agent
• Desulfurizing and Deoxidizing Agent
• Others

By End-Use Industry Type

• Chemicals
• Metallurgy
• Pharmaceutical
• Food
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].

Recent Developments

• In 2021, researchers at the Indian Institute of Technology Madras developed a process for producing calcium carbide from waste eggshells. This technology could potentially reduce the environmental impact of calcium carbide production and provide a new source of raw materials.
• In 2020, Inner Mongolia Baiyanhu Chemical Co. announced plans to expand its calcium carbide production capacity by 50,000 tons per year.
• In 2020, German specialty chemicals company Evonik Industries AG entered into a partnership with Chinese calcium carbide producer Fuenfeng Technology Co. to jointly develop and market high-quality acetylene derivatives.
• In 2020, Chinese calcium carbide producer Ningxia Xinhai Carbon Products Co. announced plans to adopt clean production methods to reduce its carbon emissions and improve energy efficiency.