The global calcium carbide market is expected to grow at a healthy CAGR of 5.6%. One of the main drivers for this is the increasing demand and production of steel in the world. According to World Steel Association estimates, in 2018, crude steel production reached 1,808.6 million tons globally. Moreover, the worldwide demand for steel is projected to reach 1,681 million tons in 2019, which will substantially expand the global calcium carbide market size in the forecast period. Calcium carbide is a crucial component in the production of steel as the compound is used as a desulfurizing and reducing agent. Thus, rising steel production, especially in China, Japan, and India will cause a spike in the global calcium carbide market demand.
In its report, titled “Calcium Carbide Market Size, Share & Industry Analysis, By Application (Acetylene Gas, Calcium Cynamide, Reducing & Dehydrating Agents, Steel Making, Others), By End User (Chemicals, Steel, Others), and Regional Forecast, 2019-2026”, Fortune Business Insights projects the global calcium carbide market value will reach USD 20.55 billion by 2026 from its current value of USD 13.39 billion. The report also contains a detailed evaluation of the factors and dynamics that will influence the market in the forecast period.
Fortune Business Insights profiles some of the key players in the global calcium carbide market:
- PT Emdeki Utama Tbk
- Denka Company Limited
- Carbide Industries LLC
- KC Group
- American Elements
- DCM Shriram Ltd.
- Inner Mongolia Baiyanhu Chemical Co., Ltd.
- APH – Regency Power Group
Economic Feasibility of Producing PVC Using Calcium Carbide to Fuel the Market
Polyvinyl chloride (PVC) produced using calcium carbide is seen as both economically viable and environmentally less harmful. This is mainly because the use of petroleum or natural gas can be avoided, which bodes well for the global calcium carbide market as world faces mounting environmental concerns. Calcium carbide also lowers the molecular weight of PVC and helps make more durable plastic.
- Acetylene Gas
- Calcium Cynamide
- Reducing & Dehydrating Agents
- Steel Making
By End User
- North America (U.S. and Canada)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Rest of World
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