The Global Calcium Carbide Market size is expected to reach $17.1 billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 18,215.39 kilo tonnes, experiencing a growth of 4.1% (2019-2022).
Asia Pacific region will exert significant influence over the market due to the geographical proximity of key calcium carbide producers, including China and India. China is the foremost global producer and consumer of this. Thus, Asia Pacific region generated 75.5% revenue share in the market 2022. The region's growing industrialization and infrastructure development have led to a surge in the production of metals such as steel, aluminum, and titanium, all of which require this in their manufacturing processes.
Urbanization and industrialization are transformative processes reshaping emerging economies' economic and social landscapes. As populations in these regions increasingly migrate from rural areas to cities, there is a growing need for infrastructure development, housing, and industrialization to support the burgeoning urban populations.
Additionally, as per the Industrial Development Bureau, the chemical industry in Abu Dhabi accounts for the greatest portion of the country's GDP, contributing 53% in 2021 and attracting over AED 21 billion in investments. Thus, the positive trends in the global chemical industry, including strong export growth and significant investments, are expected to drive the demand for this in the coming years.
However, in some applications, it faces competition from alternative materials or processes. For example, alternative desulfurizing agents may be used in the steel industry instead of calcium carbide. These alternative agents offer advantages such as lower cost, higher efficiency, or reduced environmental impact, making them more attractive to steel manufacturers. Thus, the availability of these competitive substitutes could limit the growth potential of the market.
Drivers 
Restraints 
Opportunities 
Challenges Based on application, the market is characterized into acetylene gas, calcium cyanamide, reducing & dehydrating agent, desulfurizing & deoxidizing agent, and others. The acetylene gas segment garnered the highest revenue share in the market in 2022. A chemical reaction occurs between this and water, resulting in the formation of calcium hydroxide and acetylene gas. Producing acetylene gas from calcium carbide is a relatively efficient process.
On the basis of end-user, the market is classified into chemicals, metallurgy, pharmaceutical, food, and others. The pharmaceutical segment recorded 18.8% revenue share in the market in 2022. In terms of volume, the pharmaceutical segment attained 3,190.43 kilo tonnes in the market 2022. Calcium carbide is used in the synthesis of organic compounds, including pharmaceuticals. Its versatility as a chemical feedstock makes it valuable in pharmaceutical manufacturing processes.
Free Valuable Insights: Global Calcium Carbide Market size to reach USD 17.1 Billion by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered 11.3% revenue share in the market in 2022. As industrialization in North America continues to grow, there is an increased demand for it in various industrial processes.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 11.8 Billion |
| Market size forecast in 2030 | USD 17.1 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 4.8% from 2023 to 2030 |
| Number of Pages | 306 |
| Number of Table | 590 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Application, End-User, Region |
| Country scope |
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| Companies Included | American Elements, Denka Company Limited, Merck KGaA, Thermo, Fisher Scientific, Inc., Santa Cruz Biotechnology, Inc., Lonza Group Ltd., Nippon Carbide Industries Co., Inc., DCM Shriram Ltd., Chemford International, Alzchem Group AG |
By End-User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
The Market size is projected to reach USD $17.1 billion by 2030.
Expansion of the steel industry are driving the Market in coming years, however, Fluctuating prices of raw materials restraints the growth of the Market.
American Elements, Denka Company Limited, Merck KGaA, Thermo, Fisher Scientific, Inc., Santa Cruz Biotechnology, Inc., Lonza Group Ltd., Nippon Carbide Industries Co., Inc., DCM Shriram Ltd., Chemford International, Alzchem Group AG
In the year 2022, the market attained a volume of 18,215.39 kilo tonnes, experiencing a growth of 4.1% (2019-2022).
The Chemicals segment is leading the Market, by End-User in 2022; thereby, achieving a market value of $6.2 billion by 2030.
The Asia Pacific region dominated the Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12.9billion by 2030.
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