Press release
Calcium Carbide Industry to Achieve $25.28 Billion Growth by 2029
Calcium Carbide Market
How Will the Calcium Carbide Market Grow by 2025 in Terms of Size and Growth?
The market for calcium carbide has experienced a consistent growth in the past years. The market value will increase from $17.6 billion in 2024 to an estimated $18.45 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. This increase during the historic period is due to several factors such as the rising need for acetylene gas in the chemical and industrial sectors, development in the steel and metallurgy sectors for desulfurization, the growth of the plastics and chemicals manufacturing industry, the expanding use of acetylene in welding and cutting tasks, and the advancement of the construction and infrastructure development businesses.
What Are the Estimated Growth Rates for the Calcium Carbide Industry Through 2029?
In the coming years, the size of the calcium carbide market is projected to experience robust growth, projected to reach $25.28 billion by 2029 at a compound annual growth rate (CAGR) of 8.2%. This growth within the forecast period is due to numerous factors, including the push for sustainability and environmental awareness, increased usage of calcium carbide for acetylene-based power production in isolated areas, and the escalating use of acetylene in the automotive and aerospace industries. There is also a growing demand for calcium cyanamide as a soil enricher and plant growth modulator, together with regulatory endorsement for the safe management and storage of carbide products. Key trends within the forecast period encompass technological progress in calcium carbide production methods, advancements in energy storage technologies, the implementation of sustainable practices in carbide manufacturing and waste management, enhancements in manufacturing technology and process efficiency, along with investments in research and development of innovative carbide uses.
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What Are the Strategic Drivers Boosting Calcium Carbide Market Performance?
The calcium carbide market is predicted to experience growth, fueled by the escalating demand for plastic. The notion of plastic demand corresponds to the overall necessity or yearning for plastic goods in a certain market, compelled by assorted industries and consumer tastes. The surge in plastic demand can be attributed to influences such as heightened consumption of packaged items, the progression of the automobile and building sectors, advancements in plastic uses, and customer predilections for convenience and durability. The significance of calcium carbide for plastic demand lies predominantly in serving as a crucial element in the formation of acetylene, which is utilized in the fabrication of various plastics, including polyvinyl chloride (PVC) and other polymers. For example, as per an IBISWorld report released in May 2024, a company based in the US, in 2023, the plastic products industry employed 394,112 individuals, which soared up to 20 million metric tons in 2040. Hence, the escalation in plastic demand fuels the growth of the calcium carbide market.
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What Are the Segments in the Calcium Carbide Market?
The calcium carbide market covered in this report is segmented -
1) By Application: Acetylene Gas, Calcium Cyanamide, Reducing And Dehydrating Agents, Desulfurizing And Deoxidizing Agent, Other Applications
2) By End-User: Chemical, Metallurgy, Pharmaceutical, Food, Other End-users
3) By Distribution Channel: Online, Offline
Subsegments:
1) By Acetylene Gas: Industrial Uses (welding, cutting), Chemical Synthesis
2) By Calcium Cyanamide: Fertilizers, Agricultural Chemicals
3) By Reducing and Dehydrating Agents: Metal Production, Chemical Manufacturing
4) By Desulfurizing and Deoxidizing Agent: Steel Production, Non-Ferrous Metal Processing
5) By Other Applications: Carbide Lamps, Calcium Carbide for Phosphor Production, Rubber and Plastics Industry
What Are the Key Adoption Trends in the Calcium Carbide Market?
The evolution of production methodologies is a crucial trend gaining traction in the calcium carbide industry. These innovative technologies boost production efficiency by utilizing new tools to minimize manual labor and production duration. To illustrate, the AlzChem Group, a German chemicals business, launched CalciPro in the Russian steel market. CalciPro is extremely beneficial for the calcium treatment of liquefied steel and improves the casting capacity and mechanical features of the final steel products.
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Which Companies Lead the Competitive Landscape of the Calcium Carbide Industry?
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
Where Are the Key Calcium Carbide Market Opportunities by Region?
North America will be the largest region in the calcium carbide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the calcium carbide market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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