-Growing use of calcium carbide in expanding array of applications of acetylene chemistry spurs revenue generation; usage in green chemistry to open up incredible avenues
-Versatile synthetic applications of calcium carbide in organic chemistry open vast avenues for market players; commercial use in producing calcium cyanamide & other organic chemicals fuels sales of calcium carbide
ALBANY, N.Y., Sept. 1, 2021 /PRNewswire/ -- Transparency Market Research: The calcium carbide (CaC2) chemistry has been utilized in a diverse range of synthetic applications. Its seminal role in organic synthesis and polymer chemistry has helped market players to utilize calcium carbide in making acetylene that has vast commercial use in synthesizing plastics and resins, with PVC production being a key example. The demand for use in the calcium cyanamide production has also fueled revenue generation of chemical industries in the calcium carbide market.
The global market valuation is projected to exceed US$ 31.38 Bn by 2031 from its valuation of US$ 18.7 Bn in 2020. The use of acetylene in multiple applications such as in the plastics industry, metal cutting, metallurgy, and personal care and cosmetics manufacturing has boosted the calcium carbide market growth.
Over decades, the calcium carbide market has thrived due to its use in the production of high-quality steel, iron foundry, and other multiple applications in steel production, notably in desulfurization and slag conditioning. The growing role of calcium carbide in strengthening the acetylene gas chemistry has benefited organic chemistry practices.
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Key Findings of Calcium Carbide Market Study
- Diverse Range of Synthetic Applications in Multiple Industries Drives Market: The calcium carbide chemistry has advanced to meet a wide range of applications in industries, as its use has proliferated in numerous commercially important compounds. Advancements in production technologies has enabled calcium carbide market players to tap into value-grab opportunities. Most prominently, it has been extensively used in the production of acetylene and calcium cyanamide, both of which have massive applications in manufacturing organic chemicals, resins, plastics, and in metal cutting and welding. The steel production has, in the past few decades, has accounted for a sizable demand, notes the market study on calcium carbide. The adoption of green methodologies and environmentally sustainable synthetic approaches will further spur the demand for calcium carbide. An example is adopting the synthesis that reduces toxic waste generation from chemical processes.
- Varying Regulations Hampers Prospects: Region-wise and country-wise regulations on industrial use of calcium carbide vary widely, even across key markets. Consequently, the demand in some applications may be restricted, such as the use of CaC2 in fruits ripening in the U.S. As a result, different directives dampen the investment scope in the global calcium carbide market. Another challenge businesses face is in ensuring a steady supply of raw materials.
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- Subdued Demand in End-use Industries During COVID-19 Pandemic Dents Bottom-line of Market Players: The slump in the demand for calcium carbide has come from subdued business demand in end-use industries due to COVID-19 supply disruptions and restrictions on economic activities. The growth of end-use industries such as construction and agrochemicals has suffered significantly toward the end of 2020. However, in recent months, due to economies opening up, the demand in the market has gained momentum. Particularly, a marked impetus to growth will come from the rise in construction activities in near-to-moderate term.
Calcium Carbide Market: Drivers
- Post lockdown recovery in global steel industry notably in developed and developing economies has invigorated growth prospects for the calcium carbide market. Steel production has gained pace in recent times on the back of the rising demand from the building & construction sector.
- Focus on utilizing new chemistries for green organic chemistry practices has stirred massive interest in calcium carbide
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Calcium Carbide Market: Competitive Dynamics
Some of the key players in the calcium carbide market are Denka Company Limited, Lonza Group AG, Donau Chemie AG, Rexarc International, Inc., MCB Industries SDN BHD, SA Calcium Carbide, and ALMAMET GMBH.
Calcium Carbide Market: Segmentation
Calcium Carbide Market, by Application
- Desulfurizing Agent
- Acetylene Gas
- Reducing Agent
- Calcium Cyanamide
- Chemical Intermediate
- Others (Deoxidizing Agent and Dehydrating Agent)
Calcium Carbide Market, by End Use
- Steel Manufacturing
- Agrochemical
- Pharmaceutical
- Metal Fabrication
- Construction Material
- Energy & Power
- Others (including Dyestuff and Rubber & Plastics)
Calcium Carbide Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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