Market Size of Calcium Carbide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 3.75 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Calcium Carbide Market Analysis
The Calcium Carbide Market size is estimated at 33.25 Million metric tons in 2024, and is expected to reach 39.97 Million metric tons by 2029, growing at a CAGR of greater than 3.5% during the forecast period (2024-2029).
COVID-19 negatively impacted the market studied. During the pandemic, automotive manufacturing activities were stopped temporarily due to the lockdown, thereby decreasing the consumption of calcium carbide. However, the market recovered well after the restrictions were lifted. The market recovered significantly, owing to the rise in consumption of calcium carbide in chemicals, metallurgy, food, and other end-user industries.
The increasing demand for chemical production and rising steel production worldwide are driving the growth of the market studied. However, the detrimental health effects of calcium carbide and stringent environmental regulations may hinder market growth.
Growing downstream applications of acetylene and its derivatives can act as an opportunity for the market studied.
Asia-Pacific dominated the market, with China being the largest producer and consumer of calcium carbide globally. During the forecast period, Asia-Pacific is expected to record the highest CAGR.
Calcium Carbide Industry Segmentation
Calcium carbide is a chemical compound salt. It is also referred to as calcium acetylide. It is a compound that is majorly used in industries to produce acetylene and calcium cyanamide. Technical-grade calcium carbide emits an unpleasant garlic-like odor in the presence of moisture.
The calcium carbide market is segmented by application, end-user industry, and geography. By application, the market is segmented into acetylene gas, calcium cyanamide, reducing and dehydrating agents, desulfurizing and deoxidizing agents, and other applications. By end-user industry, the market is segmented into chemicals, metallurgy, food, and other end-user industries. The report also covers the market size and forecasts in 9 countries across major regions. For each segment, the market sizing and forecast have been done based on volume (in metric tons).
| Application | |
| Acetylene Gas | |
| Calcium Cyanamide | |
| Reducing and Dehydrating Agent | |
| Desulfurizing and Deoxidizing Agent | |
| Other Applications |
| End-user Industry | |
| Chemicals | |
| Metallurgy | |
| Food | |
| Other End-user Industries |
| Geography | |||||||
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| Rest of the World |
Calcium Carbide Market Size Summary
The calcium carbide market is poised for growth, driven by increasing demand in various sectors such as chemicals, metallurgy, and food. This growth trajectory is supported by the rising production of steel and the expanding applications of acetylene and its derivatives. Despite the challenges posed by health concerns and stringent environmental regulations, the market is expected to benefit from the growing downstream applications of acetylene. The Asia-Pacific region, particularly China, dominates the market due to its substantial production and consumption of calcium carbide, fueled by its robust industrial activities and demand for vinyl chloride monomer and other chemical products.
Calcium carbide serves as a crucial component in synthetic organic and industrial chemistry, primarily as a source of acetylene, which is extensively utilized in the chemical industry. The market's recovery post-COVID-19 lockdowns highlights its resilience, with significant contributions from the chemical and steel industries. The production of calcium cyanamide for fertilizers further underscores the market's diverse applications. Key players in the market are engaged in intense competition to capture larger market shares, with companies like Xinjiang Tianye (Group) Co. Ltd and Xinjiang Zhongtai Chemical Co. Ltd leading the charge. As the market evolves, these dynamics are expected to shape its growth trajectory over the forecast period.
Calcium Carbide Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Favorable Demand from Steel Industry Across the World
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1.1.2 Increase in Demand for Chemical Production
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1.2 Restraints
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1.2.1 Detrimental Effect of Calcium Carbide on Health
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1.2.2 Stringent Environmental Regulations
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Application
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2.1.1 Acetylene Gas
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2.1.2 Calcium Cyanamide
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2.1.3 Reducing and Dehydrating Agent
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2.1.4 Desulfurizing and Deoxidizing Agent
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2.1.5 Other Applications
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2.2 End-user Industry
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2.2.1 Chemicals
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2.2.2 Metallurgy
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2.2.3 Food
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2.2.4 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Rest of North America
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 Rest of the World
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Calcium Carbide Market Size FAQs
How big is the Calcium Carbide Market?
The Calcium Carbide Market size is expected to reach 33.25 million metric tons in 2024 and grow at a CAGR of 3.75% to reach 39.97 million metric tons by 2029.
What is the current Calcium Carbide Market size?
In 2024, the Calcium Carbide Market size is expected to reach 33.25 million metric tons.
