Calcium Carbide Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Calcium Carbide Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Calcium Carbide Market

The calcium carbide market size was valued at USD 16.00 billion in 2023, and the market is now projected to grow from USD 16.75 billion in 2024 to USD 24.09 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period of 2023-2032.

The Coronavirus or COVID-19 pandemic had a crippling impact on the supply chain, especially for the industries such as acetylene gas, production of which largely depends on calcium carbide. As a reaction to the countrywide lockdown in China, the production capacities shrank, the labor force declined, the supply chain was blown up, and the exports decreased. In summary, these variables together have the effect of destabilizing the calcium carbide market growth by showing how the pandemic has so dramatically affected the global supply chains and industrial structure.

CaC2 is utilized as the desulfurizing and reducing one during the metallic operation. Along with this, it is likewise used as a modulizing agent in the production of block graphite in the conversion of iron and as a smelting slag component during refining of ferrous and non-ferrous ores. In some industries, CaC2 is also used as a dehydating agent besides other processes it serves in that case. This is due to the interdependence of steel demand on economic stabilization, ensuring investments, and implementing the infrastructure development programs. As a consequence, an upsurge in the general steel production due to its being in demand is likely to take the calcium carbide market share to new heights.

The growing trends to apply acetylene to the industrial side has increased the demand for calcium carbide. A few examples of applications of acetylene are production of portable lighting, welding and cutting of metals, chemical production of different types, manufacturing of plastics, and many more. PVC and PVDF come from products of derivatives such as methane and ethylene acetylene. Plastics are a very simple and inexpensive to make product that mimics the properties of the other material and are used in many sectors of the industry.

Comprehensive Analysis of Calcium Carbide Market

The calcium carbide market and metals & minerals industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the metals & minerals industry. These segmentations are methodically segregated by Application analysis and By End-user analysis. Based on application, the market can be classified as acetylene gas, calcium cyanamide, steel making, reducing & dehydrating agents and others. The acetylene gas segment occupied the biggest market share in 2023 because its consumption is growing from several applications among these being synthesizing organic compounds and solvents that are used in the pharmaceutical and dye industries and others. According to the type of end-users, the market can be segment as chemicals, metals and others. The chemicals segment was still dominant in 2023. CaC2 is the raw material used for the cultivation of a myriad of chemicals such as acetylene and its derivatives, for example, acrylic fibers and resins, polymers, calcium cyanamide, and other organic chemicals.

The Asia Pacific region stood at USD 15.36 billion in 2023. The region is poised to have the peak growth in the market over the predicted period. What drives the market is the flourishing of the chemical and the steel manufacturing industries in the region which acts as the major sector.

The top players in the market play a crucial role in the metals & minerals industry assuring industrial prospectus growth and setting market standards. These players include, 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) and PT Emdeki Utama Tbk (Indonesia). The KC Group has always taken a strong stand in the domestic market environment. It did so by developing strategies of keeping a good consumer relationship, becoming visible in the local market, and ensuring quality in products.

In March 2022 Linde plc, one of the major producers of industrial gases and engineering materials, developed a new method for the creation of calcium carbide by using plasma technologies. This new procedure is multistage in nature and is meant to better the calcium carbide production process through efficiency and sustainability.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.6% from 2024 to 2032

Unit Value (USD Billion), Volume (Million Ton)

Segmentation

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)