Growing Demand From Chemical Acetylene Is Expected To Drive The Global Calcium Carbide Market
According to a new market research report published by Brisk Insights “Calcium Carbide Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” calcium carbide market was valued at US$ 12,967.5 Mn in 2016, and is expected to reach US$ 22,631.6 Mn by 2025, expanding at a CAGR of 6.4% from 2017 to 2025.
Browse the full Calcium Carbide Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at https://www.briskinsights.com/report/calcium-carbide-market
Calcium carbide (CaC2) is an organic compound which is manufactured by heating a lime and carbon mixture in an electric arc furnace. At certain temperatures, the lime is reduced by carbon to calcium carbide and carbon monoxide (CO). Calcium carbide find its use in extensive range of chemical application such as production of chemical acetylene, reducing and dehydrating agent, steel making and so on. Global Calcium Carbide market is segmented into application and regions. The production of acetylene is the largest application for calcium carbide, amounting to sizable share of total consumption in the major regions. Whereas, Asia-Pacific is the dominant region in this market owing to the high economic growth rate of countries such as China and Japan, and investments made across various end-use industries. China is the world largest producer and the consumer of calcium carbide. Chinese market for calcium carbide is highly competitive with over 300 producer of calcium carbide.
By application, chemical acetylene segment account for the largest revenue share of more than 80% among all the application segments in global Calcium Carbide market in 2016. This segment is followed by production of calcium cyan amide and reducing and dehydrating agents which was another lucrative market in 2016.
Asia-Pacific was the largest market for calcium carbide in 2016, accounted for more than 90% revenue share of the market, it is anticipated to be the dominating region in the forecast period. Growing demand from the Chinese market is anticipated to drive the demand for calcium carbide in the region. Europe is anticipated be the show a slow growth rate in the global calcium carbide market. Growth in demand of calcium carbide for metallurgical use and the production of calcium cyan amide is anticipated to drive the calcium carbide market in the region.
Some of the major companies operating in the market include AlzChem AG, American Elements, Carbide Industries LLC., DCM Shriram Ltd., Hudson Chemicals Corp., KC Group, Metaloides, SA de CV, Mil-Spec Industries Corp., NGO CHEMICAL GROUP LTD., and Regency Carbide Pvt. Ltd.