Global Calcium Carbide Market growing at a CAGR of 4.6% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Sep 2023
Key Market Overview
Consegic Business Intelligence analyzes that the calcium carbide market is predicted to grow at a compound annual growth rate of 4.6% from 2023 to 2031 and is expected to reach USD 19,997.11 million in 2031 and 13,914.38 million in 2023 which was valued at USD 13,361.04 million in 2022.
The report highlights the significant growth in the demand for acetylene and its derivatives across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Calcium carbide market.
Global Calcium Carbide Market By Overview
The calcium carbide market is bifurcated into the application and end-user industry. Based on application, the market is segmented into acetylene gas, calcium cyanamide, desulfurizing agent, reducing agent, and others. In 2022, the acetylene gas segment dominates in the overall Calcium carbide market. Based on the end-user industry, the market is segmented into steel manufacturing, chemical, pharmaceutical, metal fabrication, construction material, energy & power, and others. In 2022, the chemical segment dominate the overall calcium carbide market.
Get Free SampleMarket Dynamics
Driver:
- Significant growth in the demand for acetylene and its derivatives.
- Growing production of steel is propelling the growth of the global calcium carbide market.
Restraints:
- Harmful effects of Calcium carbide on human health along with high cost of raw materials
Market Segmentation:
| Report Attributes | Report Details |
| By Application | Acetylene Gas, Calcium Cyanamide, Desulfurizing Agent, Reducing Agent, and Others |
| By End-user Industry | Steel Manufacturing, Chemical, Pharmaceutical, Metal Fabrication, Construction Material, Energy & Power, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Denka Company Limited, American Elements, Lonza, and Mil-Spec Industries Corporation, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the calcium carbide market is expected to witness substantial growth in the coming years due to the significant growth in the metal fabrication and construction industry in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Denka Company Limited
- American Elements
- Lonza
- Mil-Spec Industries Corporation
- Xiahuayuan Xuguang Chemical
- Carbide Industries LLC
- APH-Regency Power Group
- MCB Industries Sdn. Bhd.
- KC Group
- DCM Shriram Ltd.
- AlzChem