Press release
Calcium Carbide Market projected to discern stable expansion during 2031
The calcium carbide market was valued over US$ 18.7 Bn in 2020 and is expected to cross US$ 31.38 Bn by 2031. The global calcium carbide market is anticipated to expand at a CAGR of ~5% during the forecast period. Calcium cyanamide is produced by passing nitrogen through powdered calcium carbide in an electric arc furnace. The increase in the demand for calcium cyanamide is expected to drive the calcium carbide market during the forecast period. Rise in global demand for food owing to growing population; climate changes; and ineffective farming techniques are driving the need for yield efficiency across the globe. This, in turn, is augmenting the global calcium carbide market.
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Key Drivers of Calcium Carbide Market
The growth in the demand for Polyvinyl Chloride (PVC) in various applications across the globe is expected to boost the calcium carbide market during the forecast period. Polyvinyl Chloride (PVC) is one of the widely used polymers in the world. PVC is used extensively across a broad range of industrial, technical, and everyday applications, including building & construction, transport, packaging, electrical/electronics, and healthcare, due to its versatile nature.
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PVC is manufactured through the cracking of chemicals such as calcium carbide, ethylene, and dichloroethane. Hence, the demand for calcium carbide is estimated to rise due to the increase in the demand for PVC. PVC is widely used in the manufacture of pipes, siding, hoses, medical devices, automotive parts, housewares, shower curtains, raincoats, toys, school supplies, food packaging, and shoes. Thus, it is employed in major industries such as automotive, electrical & electronics, and building & construction.
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PVC has been used extensively in a wide range of construction products for over half a century, owing to its strong, lightweight, durable, flame retardant, and excellent electrical insulation properties. Typical examples of PVC construction products include window and door profiles, conservatories and atria, pipes and fittings, power, data and telecom, wiring and cables, cable and services ducting, internal and external cladding, roofing and ceiling systems and membranes, rainwater, soil and waste systems, flooring, and wall coverings.
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Harmful Health Effects to Hamper Calcium Carbide Market
Calcium carbide is on the Right to Know Hazardous Substance List cited by the U.S. Department of Transportation (DOT), National Fire Protection Association (NFPA), and Environmental Protection Agency (EPA). Apart from its industrial use, it is frequently used in domestic settings for unclogging of drains as well as ripening of fruits. Calcium carbide is an alkali. It releases acetylene gas on contact with moisture. Acetylene gas is a chemical analogue of ethylene gas, which is a natural fruit ripening agent. Commercialized ripening is an essential part of the fruit business, as ripe fruits are not suitable to transport and distribute. Acetylene gas is a depressant to central nervous system and irritant to respiratory system.
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