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Calcium Carbide Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3673

Calcium carbide market share will witness significant growth over 2022-2028, owing to the rise in demand for steel and chemical production. Calcium carbide refers to an industrial chemical comprising of the elements carbon and calcium. Also known as calcium acetylide, the chemical is used extensively in industrial applications, such as production of calcium hydroxide and acetylene.
 

One of the key factors propelling calcium carbide market growth over 2022-2028 is the growing use of acetylene gas in various industrial applications. For instance, acetylene gas is used in oxy-acetylene welding, which relies on the combustion of a fuel gas and oxygen. Known also as gas welding, this process is used largely for the welding of thin metal sections, as well as for heating applications like releasing frozen nuts and bolts, soft soldering and heating heavy stock for bending. The emergence of this process is driving up the need for acetylene gas, which will in turn boost calcium carbide market share, given the chemical’s key role in the production of acetylene.

 

Based on end-use, the calcium carbide industry is set to gain considerable momentum from the metal fabrication segment by 2028. This is on account of the chemical’s strong potential as a chemical reducing agent and energy source, allowing it to generate significant cost savings in metallurgical applications. In steelmaking, for instance, calcium carbide plays an important role as a modifier to the slag or hot metal desulfurizer to increase the efficiency of the desulfurization process and meet the need for low Sulphur steels in specialty applications and modern continuous casting operations.
 

From a regional standpoint, the Asia Pacific calcium carbide market will register commendable growth through 2028, given the robust growth of steel production in various nations. According to the World Steel Association, Asia and Oceania recorded over 356.9 Mt of crude steel production in Q1 of 2021, indicating a rise of nearly 13.2% over Q1 of 2020. Since calcium carbide plays a prominent role in many metallurgical applications, including steelmaking, this growth could influence regional market trends to a certain extent over the forecast period.
 

Key players operating in the calcium carbide market include MCB Industries, Denka, Praxair Technology (Linde plc), Aldon, Erdos Xinhua Silicon Metal Industries, APH Regency Power, SA Calcium Carbide, AlzChem, DCM Shriram (Sumant Investments Pvt Ltd), and others. These companies are focused on various strategies such as expansions and mergers & acquisitions to develop a strong footprint across the global market.
 

In May 2021, the Adani Group announced its intention to create a new 2 million metric tons/year coal-to-PVC (polyvinyl chloride) facility in Gujarat India, built to produce various PVC grades. This project will also include units of acetylene and calcium carbide, designed to produce lime at 2.86 million metric tons/year, acetylene at 860,000 metric tons/year and calcium carbide at 2.9 million metric tons/year.
 

COVID-19 Impact on Calcium Carbide Market Trends

The novel coronavirus outbreak has created a significant impact on several major manufacturing industries and the economic landscape in general. The enforcement of strict lockdowns across the globe during the peak of the pandemic created disruptions in supply, especially for industries like chemical. Similarly, halts in infrastructural development and a slowdown in industrial expansions have affected the demand for metal products, and by extension the metallurgical industry. All these factors may have limited calcium carbide industry expansion during the early months of the pandemic. However, the industry could regain momentum over the years ahead as manufacturing processes and supply chains gradually normalize. The American Chemistry Council, for instance, estimates that the U.S. chemical firms could be headed towards recovery, with a nearly 3.9% growth in chemical output in 2021.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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