Calcium Carbide Market Size, Share, Growth Analysis, By Application(Acetylene gas, calcium cyanamide, reducing and dehydrating agents, and others), By End user(Chemicals, steel, mining, and others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2227 | Region: Global | Published Date: March, 2024
Pages: 184 |Tables: 65 |Figures: 75

Calcium Carbide Market Insights

Global Calcium Carbide Market size was valued at USD 15.50 Billion in 2022 and is poised to grow from USD 16.26 Billion in 2023 to USD 23.84 Billion by 2031, at a CAGR of 4.90% during the forecast period (2024-2031).

The global calcium carbide market is experiencing steady growth and presents immense opportunities for various industries. The market is driven by factors such as rapid industrialization, urbanization, and infrastructure development worldwide. The construction industry, in particular, is a major driver, as calcium carbide is used in welding and cutting operations. Additionally, the demand for acetylene-based chemicals in the manufacturing sector, such as PVC production, further propels the market growth. However, certain restraints, such as safety concerns associated with calcium carbide handling and environmental regulations, pose challenges to market expansion. Key trends in the market include technological advancements in calcium carbide production and an increasing focus on sustainable alternatives. Opportunities abound for market players, particularly in emerging economies, where industrial growth is accelerating, and infrastructure investments are rising. With a CAGR of 4.9% expected during the forecast period, the global market offers a lucrative landscape for industry participants to capitalize on the increasing demand for acetylene and its derivatives, while also exploring sustainable practices to overcome the associated challenges.

US Calcium Carbide Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 15.50 Billion

Largest Segment

Acetylene Gas

Fastest Growth

Acetylene Gas

Growth Rate

4.90% CAGR

Global Calcium Carbide Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Calcium Carbide Market Segmental Analysis

Global Calcium Carbide Market is segmented by Manufacturing Process, Sales Channel, End Use and region. Based on Manufacturing Proces, the market can be segmented into Standard Process, Electric Arc Furnace, Others. Based on Sales Channel, the market can be segmented into Online, Offline. Based on End Use, the market is segmented into Pharmaceuticals, Food & Beverages, Agriculture, Cosmetics, Chemical, Energy and Power, Metallurgy, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Application

The largest segment in the global calcium carbide market is acetylene gas. Acetylene gas is a versatile chemical compound widely used in various industries such as metal fabrication, welding, and chemical synthesis. It is a vital component in oxyacetylene welding and cutting processes, providing a high-temperature flame necessary for efficient metal joining and cutting operations. The demand for acetylene gas is driven by the growth of industrial and construction activities worldwide, where it finds extensive applications. The segment's dominance can be attributed to the widespread adoption of acetylene gas in industrial processes, making it a key driver for the overall calcium carbide market.

On the other hand, the fastest growing segment in the market is calcium cyanamide. Calcium cyanamide is an important nitrogen fertilizer used in agricultural practices. It acts as a soil conditioner, weed killer, and pest control agent, enhancing crop productivity and yield. With the rising global population and the need for increased agricultural output, the demand for calcium cyanamide as a fertilizer is expected to witness significant growth. The segment's growth is fueled by the growing emphasis on sustainable agriculture practices, which include the use of efficient fertilizers for crop cultivation. As a result, calcium cyanamide presents a promising opportunity for market players in the calcium carbide industry, aligning with the global focus on sustainable food production.

Analysis by End User

The largest segment in the global calcium carbide market is the steel industry. Calcium carbide plays a crucial role in the steel manufacturing process, primarily in the form of a desulfurizing agent. It reacts with sulfur in the molten iron, forming calcium sulfide, which is then easily removed as a slag. This process helps improve the quality of steel by reducing sulfur content, enhancing its strength and ductility. The steel industry is one of the major consumers of calcium carbide, driving its demand and contributing significantly to the market's growth. With the increasing global demand for steel due to infrastructure development, construction projects, and manufacturing activities, the steel segment is expected to maintain its dominant position in the calcium carbide market.

On the other hand, the fastest growing segment in the market is the chemicals industry. Calcium carbide serves as a vital raw material for various chemical processes, including the production of acetylene, which is further used in manufacturing chemicals such as vinyl chloride monomer (VCM) and polyvinyl chloride (PVC). The chemical industry is experiencing steady growth, driven by factors such as rising population, urbanization, and increasing industrial activities. The demand for acetylene-based chemicals in applications like plastics, pharmaceuticals, and solvents is on the rise, contributing to the significant growth potential of the chemicals segment in the calcium carbide market.

Global Calcium Carbide Market By Application

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Calcium Carbide Market Regional Insights

The Asia-Pacific region dominated the global calcium carbide market and is expected to maintain its leading position in the coming years. Rapid industrialization, urbanization, and infrastructure development in countries like China and India have fueled the demand for calcium carbide in the region. China, in particular, holds a significant market share due to its large-scale production and consumption of acetylene-based chemicals. With its robust manufacturing sector and extensive applications in industries such as construction, plastics, and pharmaceuticals, China has established itself as a key player in the global calcium carbide market.

On the other hand, the Middle East and Africa region are witnessing rapid growth in the calcium carbide market. The region's flourishing construction and automotive sectors, along with increasing investments in infrastructure projects, have propelled the demand for acetylene-based chemicals. Countries like Saudi Arabia and the United Arab Emirates are experiencing significant growth, creating ample opportunities for market players to expand their operations and tap into the region's potential. For example, in Saudi Arabia, the development of mega-cities and initiatives like Vision 2030 are driving the demand for calcium carbide.

Global Calcium Carbide Market By Geography
  • Largest
  • Fastest

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Calcium Carbide Market Dynamics

Drivers

Growing demand for acetylene-based chemicals

  • The increasing demand for acetylene and its derivatives in various industries such as chemicals, plastics, and pharmaceuticals is a major driver for the calcium carbide market. For example, acetylene is extensively used in the production of polyvinyl chloride (PVC), a widely used plastic in the construction, automotive, and electrical sectors. The growing construction activities and infrastructure development globally contribute to the demand for calcium carbide as a key raw material in acetylene production.

Restraints

Safety concerns

  • Calcium carbide is a hazardous substance that can pose safety risks during handling and storage. Its exposure to moisture or water can generate highly flammable acetylene gas, which requires careful handling and storage practices. Safety regulations and the need for specialized equipment and expertise to handle calcium carbide can act as a restraint for market growth.

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Calcium Carbide Market Competitive Landscape

Global Calcium Carbide Market features a competitive landscape with several key players vying for market share. Some of the prominent players in the market are focusing on strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to strengthen their market presence and expand their product portfolios. Additionally, they are investing in research and development activities to enhance the production efficiency and quality of calcium carbide. Moreover, market players are also adopting sustainable practices and exploring alternative energy sources to reduce the environmental impact associated with calcium carbide production. The intense competition among these players drives innovation, cost optimization, and product differentiation, ultimately benefiting the customers and stimulating market growth.

Top Player’s Company Profile

  • Carbide Industries LLC (US)
  • Denka Company Limited (Japan)
  • AlzChem AG (Germany)
  • Inner Mongolia Baiyanhu Chemical Co., Ltd. (China)
  • Praxair, Inc. (US)
  • CAC Group (US)
  • Almatis GmbH (Germany)
  • Hongda Chemical Industry Co., Ltd. (China)
  • Xinjiang Zhongtai Chemical Co., Ltd. (China)
  • DCM Shriram Ltd. (India)
  • Electrometallurgical Plant (Russia)
  • Shandong Huaxin Chemical Co., Ltd. (China)
  • Jining Alkali Chemical Co., Ltd. (China)
  • Eti Bakır A.Ş. (Turkey)
  • Shandong Haihua Group Co., Ltd. (China)
  • Linzhou Fengbao Carbide Co., Ltd. (China)
  • Jiangxi Chenyuan New Materials Co., Ltd. (China)
  • Carburo del Cinca SA (Spain)
  • Carbide Industries (UK) Ltd. (UK)
  • Southern Ionics Minerals, LLC (US)

Recent Developments

  • In December 2022, Ghani Chemical Industries Limited (GCIL), which is a division of Ghani Global Group, unveiled its plans to establish a calcium carbide plant in Khyber Pakhtunkhwa, Pakistan. This strategic move by GCIL reflects its commitment to expanding its operations and meeting the growing demand for calcium carbide in the region.
  • In May 2022, Shriram Vinyl and Chemical Industries, a subsidiary of DCM Shriram, announced its intention to enhance the production capacity of polyvinyl chloride (PVC) resins at the DCM Shriram Complex in Kota, Rajasthan, India. The proposed project also involves augmenting the manufacturing capacities of calcium carbide and other related products. This expansion initiative aligns with Shriram Vinyl and Chemical Industries' objective of strengthening its presence in the market and catering to the evolving needs of its customers.

Calcium Carbide Key Market Trends

  • Technological advancements in production: The calcium carbide market is witnessing technological advancements aimed at improving the production process and reducing environmental impacts. For example, the development of advanced reactor systems and energy-efficient methods for calcium carbide production can enhance the overall efficiency and sustainability of the market.

Calcium Carbide Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Application team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Calcium Carbide Market analysis, the market is poised for significant growth in the coming years. The market analysis indicates a steady increase in demand driven by various factors such as the expansion of end-use industries, including chemicals, plastics, and pharmaceuticals. The rising need for acetylene gas, produced from calcium carbide, in welding and cutting operations is fueling market growth. Additionally, the construction sector's rapid development and infrastructure projects worldwide contribute to the market's positive outlook. However, the analysts note potential restraints related to safety concerns and environmental regulations that need to be addressed. Nonetheless, the market presents promising opportunities, especially in emerging economies, where industrialization and urbanization are on the rise.

Report Metric Details
Market size value in 2022 USD 15.50 Billion
Market size value in 2031 USD 23.84 Billion
Growth Rate 4.90%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Manufacturing Process
    • Standard Process, Electric Arc Furnace, Others
  • Sales Channel
    • Online, Offline
  • End Use
    • Pharmaceuticals, Food & Beverages, Agriculture, Cosmetics, Chemical, Energy and Power, Metallurgy, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Carbide Industries LLC (US)
  • Denka Company Limited (Japan)
  • AlzChem AG (Germany)
  • Inner Mongolia Baiyanhu Chemical Co., Ltd. (China)
  • Praxair, Inc. (US)
  • CAC Group (US)
  • Almatis GmbH (Germany)
  • Hongda Chemical Industry Co., Ltd. (China)
  • Xinjiang Zhongtai Chemical Co., Ltd. (China)
  • DCM Shriram Ltd. (India)
  • Electrometallurgical Plant (Russia)
  • Shandong Huaxin Chemical Co., Ltd. (China)
  • Jining Alkali Chemical Co., Ltd. (China)
  • Eti Bakır A.Ş. (Turkey)
  • Shandong Haihua Group Co., Ltd. (China)
  • Linzhou Fengbao Carbide Co., Ltd. (China)
  • Jiangxi Chenyuan New Materials Co., Ltd. (China)
  • Carburo del Cinca SA (Spain)
  • Carbide Industries (UK) Ltd. (UK)
  • Southern Ionics Minerals, LLC (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Calcium Carbide Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Calcium Carbide Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Calcium Carbide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Calcium Carbide Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Calcium Carbide Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Calcium Carbide Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Calcium Carbide Market size was valued at USD 15.50 Billion in 2022 and is poised to grow from USD 16.26 Billion in 2023 to USD 23.84 Billion by 2031, at a CAGR of 4.90% during the forecast period (2024-2031).

Global Calcium Carbide Market features a competitive landscape with several key players vying for market share. Some of the prominent players in the market are focusing on strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to strengthen their market presence and expand their product portfolios. Additionally, they are investing in research and development activities to enhance the production efficiency and quality of calcium carbide. Moreover, market players are also adopting sustainable practices and exploring alternative energy sources to reduce the environmental impact associated with calcium carbide production. The intense competition among these players drives innovation, cost optimization, and product differentiation, ultimately benefiting the customers and stimulating market growth. 'Carbide Industries LLC (US)', 'Denka Company Limited (Japan)', 'AlzChem AG (Germany)', 'Inner Mongolia Baiyanhu Chemical Co., Ltd. (China)', 'Praxair, Inc. (US)', 'CAC Group (US)', 'Almatis GmbH (Germany)', 'Hongda Chemical Industry Co., Ltd. (China)', 'Xinjiang Zhongtai Chemical Co., Ltd. (China)', 'DCM Shriram Ltd. (India)', 'Electrometallurgical Plant (Russia)', 'Shandong Huaxin Chemical Co., Ltd. (China)', 'Jining Alkali Chemical Co., Ltd. (China)', 'Eti Bakır A.Ş. (Turkey)', 'Shandong Haihua Group Co., Ltd. (China)', 'Linzhou Fengbao Carbide Co., Ltd. (China)', 'Jiangxi Chenyuan New Materials Co., Ltd. (China)', 'Carburo del Cinca SA (Spain)', 'Carbide Industries (UK) Ltd. (UK)', 'Southern Ionics Minerals, LLC (US)'

The increasing demand for acetylene and its derivatives in various industries such as chemicals, plastics, and pharmaceuticals is a major driver for the calcium carbide market. For example, acetylene is extensively used in the production of polyvinyl chloride (PVC), a widely used plastic in the construction, automotive, and electrical sectors. The growing construction activities and infrastructure development globally contribute to the demand for calcium carbide as a key raw material in acetylene production.

Technological advancements in production: The calcium carbide market is witnessing technological advancements aimed at improving the production process and reducing environmental impacts. For example, the development of advanced reactor systems and energy-efficient methods for calcium carbide production can enhance the overall efficiency and sustainability of the market.

The Asia-Pacific region dominated the global calcium carbide market and is expected to maintain its leading position in the coming years. Rapid industrialization, urbanization, and infrastructure development in countries like China and India have fueled the demand for calcium carbide in the region. China, in particular, holds a significant market share due to its large-scale production and consumption of acetylene-based chemicals. With its robust manufacturing sector and extensive applications in industries such as construction, plastics, and pharmaceuticals, China has established itself as a key player in the global calcium carbide market.

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