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Calcium Carbide Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | AlzChem AG, Carbide Industries LLC, DCM Shriram Ltd., Denka Company Limited, Inner Mongolia Biayanhu Chemical Co. Ltd
Calcium Carbide Market Size
The Business Research Company offers in-depth market insights through Calcium Carbide Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The calcium carbide market size has grown strongly in recent years. It will grow from $16.4 billion in 2023 to $17.72 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to demand for acetylene gas in chemical and industrial applications, growth in the steel and metallurgy industries for desulfurization, expansion of the plastics and chemicals manufacturing sector, increased use of acetylene in welding and cutting applications, and expansion of the construction and infrastructure development.
The calcium carbide market size is expected to see strong growth in the next few years. It will grow to $24.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to sustainability and environmental concerns, adoption of calcium carbide for acetylene-based electricity generation in remote areas, growing utilization of acetylene in the automotive and aerospace sectors, increasing need for calcium cyanamide as a soil conditioner and plant growth regulator, and regulatory support for safe handling and storage of carbide products. Major trends in the forecast period include technological advancements in calcium carbide production methods, advancements in energy storage technologies, sustainable practices in carbide manufacturing and waste management, advancements in manufacturing technology and process efficiency, and investment in research and development of new carbide applications.
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Market Segmentation:
The main calcium carbide applications include acetylene gas, calcium cyanamide, reducing and dehydrating agents, desulfurizing and deoxidizing agents, and other applications. Acetylene gas is produced by initiating the reaction of calcium carbide with water in the acetylene generator. Acetylene is used as a raw material for the production of several organic chemicals, as well as a fuel component in metal cutting, oxy-acetylene welding, and also in the production of several plastics. The different end-users of calcium carbide include chemicals, metallurgy, pharmaceuticals, food, and other end-users. The calcium carbide distribution channels include online and offline.
Major Driver - Rise In Plastic Demand Boost Market
A rise in demand for plastic products is expected to propel the growth of the calcium carbide market. 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.
Competitive Landscape:
Major companies operating in the calcium carbide market include AlzChem AG, Carbide Industries LLC, DCM Shriram Ltd., Denka Company Limited, Inner Mongolia Biayanhu Chemical Co. Ltd., Iran Carbide Co., KC Group Ltd., Lonza Group Ltd., MCB Industries Sdn. Bhd., Merck KGaA, Mil-Spec Industries Corporation, PT Emdeki Utama Tbk, Xinjiang Tianye Co. Ltd., Ningxia Jinhaoyuan Chemical Group Co. Ltd., Santa Cruz Biotechnology Inc., Thermo Fisher Scientific, American Elements Corp., Madhuraj Industrial Gases Pvt. Ltd., All Win Aluminium Industries, Powder Pack Chem, Xinjiang Zhongtai Chemical Co. Ltd., Erdos Xinhua Silicon Metal Industries Co. Ltd., Aldon Corporation, Praxair Inc., SA Calcium Carbide
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Top Trend - Advancement In Production Technology
The advancement of production technologies is a key trend gaining popularity in the calcium carbide market. Production technologies improve productivity by applying new technologies to reduce human effort and production time. For instance, 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.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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