Calcium Carbide Market Industry Outlook, Key Opportunities, Size, Share And Latest Trends Forecast 2023-2031
Calcium Carbide Market Overview
The calcium carbide market growth (Opens in a new window) is expected to reach a value of USD 19,997.11 Million by 2031, growing at a CAGR of 4.6% over the forecast period (2023-2031). The market is driven by the increasing demand for acetylene, a key derivative of calcium carbide, in various industries such as metalworking, chemicals, and lighting. However, the environmental concerns associated with calcium carbide production and the availability of alternative acetylene sources pose challenges to the market growth.
Calcium carbide (CaC2) is a colorless, ionic compound produced by heating lime and coke in an electric furnace. When reacted with water, calcium carbide generates acetylene, a highly flammable gas used for welding, cutting, and lighting. Calcium carbide is also used in the production of vinyl chloride monomer (VCM), a precursor to polyvinyl chloride (PVC), and in the synthesis of various organic chemicals.
Calcium Carbide Market Drivers:
Lighting applications in remote areas: Calcium carbide is used in carbide lamps, which generate acetylene for lighting purposes. These lamps are still widely used in off-grid areas and developing countries due to their portability and affordability.
Expanding chemical industry: Calcium carbide is an essential raw material for the production of VCM, a key building block for PVC. The burgeoning demand for PVC in construction, packaging, and consumer goods is propelling the growth of the calcium carbide market dynamics.
Rising demand for acetylene in metalworking: Acetylene is a preferred fuel gas for oxy-acetylene welding and cutting due to its high flame temperature and concentrated heat zone. The growing demand for metal fabrication in industries such as automotive, construction, and shipbuilding is driving the demand for acetylene, and consequently, calcium carbide (Opens in a new window).
Calcium Carbide Market Key Players:
The global calcium carbide market is dominated by a few large players, including:
Lonza
APH-Regency Power Group
MCB Industries Sdn. Bhd.
KC Group
DCM Shriram Ltd.
AlzChemss
Calcium Carbide Market Segmentation:
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
Calcium Carbide Market Regional Analysis:
The Asia Pacific region is the largest market for calcium carbide, accounting for over 60% of the global market share. China is the dominant player in this region, followed by India and Southeast Asian countries. The growing metalworking and chemical industries in these countries are driving the calcium carbide demand.
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