Calcium Carbide Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3673
Calcium Carbide Market size is likely to grow significantly from 2019 to 2025 owing to its metallurgical and chemical applications in industries including steel manufacturing, fertilizer and metal fabrication. Downstream application of product derivatives finds usage in automotive, pharmaceutical and plastics industry which may favor industry growth.
The product is a transparent and colorless inorganic compound which is industrially produced by heating lime with coke in an electric arc furnace. The technical grade product emits unpleasant odor, reminiscent of garlic in presence of trace moisture. It is used in metallurgical processes including desulfurization and unwanted iron oxide removal. Calcium carbide market size may further grow due to its usage in integrated steel mill desulfurization.
The product acts ladle deoxidizer and slag conditioner to remove sulfur and iron oxide. It is also added in an electric arc furnace owing to its property to enhance energy efficiency, yield and alloy recovery process. Global steel market size is predicted to surpass USD 1 trillion by 2025 which may stimulate calcium carbide market size in the forecasted timeframe.
Calcium carbide market size may grow owing to its usage with calcium phosphide, which find application in floating and self-igniting naval flares which are used for defensive countermeasures, illumination and signaling. Flare made from calcium find preference with naval application as they can be used under water and can illuminate submerged objects. Global maritime safety market size is likely to surpass USD 35 billion by 2026 which may favor market size.
These products are used in manufacturing of calcium cyanide which is used as a fertilizer that decomposes in water to release ammonia providing important source of nitrogen for the plant, helping in its growth. Global fertilizer market size is projected to surpass USD 185 billion by 2024 thereby driving calcium carbide market size. The products also finds application as a wire feed alloy in steel making to integrate nitrogen in steel, thereby further propelling product demand.
Acetylene gas produced from reaction of water with calcium is recommended for working underground owing to its property being lighter than air. Acetylene also finds application as fuel-gas which can be used for welding steel and it also possesses highest flame temperature among hydrocarbons and is used in metal fabrication and cutting applications. The metal fabrication market is predicted to surpass USD 20 billion by 2025 which may propel market size.
Calcium carbide market size is projected to grow on account of its downstream application in form of acetylene derivatives find applications in polyurethane fibers, synthetic rubbers and cosmetic industry. The unique chemistry of acetylene molecule allows it to be used as intermediate for manufacture chemical derivatives. These factors are anticipated to drive market size by 2025.
Calcium hydroxide generated from production of acetylene have industrial application as acid neutralization, stack gas scrubbing and brick building. Chemical manufacturers use it to neutralize waste streams and also it is also used by municipalities to treat sewage. The product find application in soil stabilization and road construction along with its usage in manufacturing of plaster, cement lime paints and whitewash. Global construction material market is likely to cross over 2 trillion USD by 2026 owing to growing infrastructure activities globally which is anticipated to stimulate calcium carbide market size.
Calcium carbide market size may be hampered owing to its property of releasing acetylene gas when contacted with water, which may lead to health hazards. The product may affect body organs and cause health problems including mood disturbances, headache, sleepiness, mental confusion, seizures, dizziness, cerebral edema, memory loss, and prolonged hypoxia, thereby affecting industry profitability.
North America led by Mexico, Canada and the U.S. calcium carbide market size is projected to experience growth in the projected timeframe. Socio-political scenario in the U.S regarding jobs is likely to promote metal fabrication industry. Rapid industrialization in Mexico with commercial sector rise may lead to growth of fabrications market. These factors are likely to stimulate regional product demand.
Europe led by Spain, France, U.K. and Germany calcium carbide market size is predicted to witness moderate growth in the forecast timeframe owing to limited growth of steel industry. The steel industry is estimated to grow moderately in the forecasted timeline in order to reduce imports and boost regional production. These factors may stimulate market size owing to its application in steel manufacturing.
Asia Pacific led by Japan, China and India calcium carbide industry size is predicted to grow significantly owing rising demand for agrochemicals in the region. Asia Pacific agrochemical market size is likely to surpass USD 125 billion by 2023 owing to rising agricultural sector. These factors will stimulate product derivative demand owing to its usage as a fertilizer.
Global calcium carbide market share is fragmented as market consist of several significant players including Aldon, Praxair Technology, MCB Industries, DCM Shriram, Denka, AlzChem, Erdos Xinhua Silicon Metal Industries and APH Regency Power. Manufacturers are focusing on expanding their market through merger and acquisition along with focus on R&D activities in order to formulate product in different application which is anticipated to drive market size in forecast timeframe.
Calcium Carbide Market, By Application, 2014-2025 (Tons) (USD Million)
- Desulfurizing agent
- Fuel gas
- Chemical intermediate
Calcium Carbide Market, By End-Use, 2014-2025 (Tons) (USD Million)
- Steel manufacturing
- Maritime Safety
- Metal fabrication
- Construction material
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Praxair Technology
- MCB Industries
- SA Calcium Carbide
- DCM Shriram
- Erdos Xinhua Silicon Metal Industries
- APH Regency Power
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