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Anticipated Expansion of Calcium Carbide Market to Reach $20.72 Billion by 2027 with a 5.9% Growth Rate || AlzChem, Carbide Industries LLC, DCM Shriram Ltd., Denka Company Limited
Calcium Carbide Market
The Business Research Company's Calcium Carbide Global Market Report 2023 the rise in demand for plastic products as the major driver for the calcium carbide market's growth in the forecast period. Calcium carbide is widely used for the production of plastic, PVC plastic products, and synthetic rubber. For instance, according to the India Brand Equity Foundation (IBEF), in July 2021, India exported plastic raw materials worth $352.04 million, for a total value of $1.57 billion from April 2021 to July 2021. The plastic products market is expected to grow from $993.1 billion in 2021 to $1,320.1 billion by 2026. Hence, the increase in demand for plastic products is expected to drive the market during the period.
The global calcium carbide market size grew from $15.36 billion in 2022 to $16.46 billion in 2023, at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The calcium carbide market size is expected to grow to $20.72 billion in 2027 at a CAGR of 5.9%.
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Major competitors in the calcium carbide market are AlzChem, Carbide Industries LLC, DCM Shriram Ltd., Denka Company Limited, Inner Mongolia Biayanhu Chemical Co. Ltd., Iran Carbide, KC Group, Lonza Group Ltd., MCB Industries Sdn. Bhd., Merck KGaA, Mil-Spec Industries Corporation.
A key trend in the calcium carbide market includes advancement of production technologies. Production technologies improve productivity by applying new technologies to reduce human effort and production time. For instance, in January 2020, the Germany-based chemicals company AlzChem Group introduced CacliPro to the Russian steel industry. CalciPro is highly effective for the calcium treatment of molten steel and provides enhanced casting ability and mechanical qualities of finished steel products.
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The calcium carbide market is segmented -
• By Application: Acetylene Gas, Calcium Cyanamide, Reducing and Dehydrating Agents, Desulfurizing and Deoxidizing Agents, Other Applications
• By End-User: Chemical, Metallurgy, Pharmaceutical, Food, Other End-Users
• By Distribution Channel: Online, Offline
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America will be the largest region in the calcium carbide market.
The Business Research Company's "Global Calcium Carbide Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Calcium Carbide Market Include:
1. Executive Summary
2. Calcium Carbide Market Characteristics
3. Calcium Carbide Market Trends And Strategies
4. Calcium Carbide Market - Macro Economic Scenario
5. Calcium Carbide Market Size And Growth
……………
27. Calcium Carbide Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Calcium Carbide Market
29. Calcium Carbide Market Future Outlook And Potential Analysis
30. Appendix
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