According to the new market research report “Industrial Grade Calcium Carbide - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Industrial Grade Calcium Carbide market size is projected to reach USD 5.73 billion by 2029, at a CAGR of 5.0% during the forecast period.
Product Definition
Industrial grade calcium carbide, also known as industrial grade calcium carbide, is a chemical substance with the chemical formula CaC2. It is formed by the reaction of limestone and coke in a high-temperature furnace and usually comes in the form of gray lumps, lumps or powder. Technical grade calcium carbide is a toxic chemical and can release acetylene gas when in contact with water or moist air. It is mainly used to produce acetylene as a raw material for the production of various organic compounds, such as polyethylene and acetylenic alcohol. In addition, it is also used to react with water to produce acetylene gas to make matches and fireworks. Industrial grade calcium carbide can also be used as a flux and deoxidizer in metal smelting and steel manufacturing.
- Global Industrial Grade Calcium Carbide MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Industrial Grade Calcium Carbide - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Steel Production: Calcium carbide is primarily used in the production of acetylene gas, which is a key component in the manufacture of steel. As the global steel industry continues to expand, the demand for calcium carbide as a raw material for acetylene production increases.
Restraint:
Environmental Regulations: Calcium carbide production involves the use of significant energy and generates emissions, such as carbon dioxide and sulfur oxides. Increasing environmental regulations and concerns about carbon footprint may limit the growth of the calcium carbide market. Stricter emission standards and the need to comply with sustainable practices could pose challenges for calcium carbide manufacturers.
Opportunity:
Increasing Demand for Acetylene: Calcium carbide is primarily used for the production of acetylene gas, which has various industrial applications. As industries such as metal fabrication, welding, and chemical manufacturing continue to expand, the demand for acetylene is expected to grow. This presents an opportunity for calcium carbide manufacturers to cater to the increased demand by expanding their production capacities.
- Global Industrial Grade Calcium Carbide Top10Players Ranking and Market Share（Continually updated）
Source: QYResearch, "Industrial Grade Calcium Carbide - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Medical Device Filters include Carbide Industries LLC, MADHURAJ INDUSTRIAL GASES PVT LTD, Shizuishan Pengsheng Chemical Co., Ltd, Denka, MCB INDUSTRIES, SA Calcium Carbide, Aldon, AlzChem, APH Regency Power, DCM Shriram, etc. In 2022, the global top 10 players had a share approximately 23.4% in terms of revenue.
About The Authors
Cai Dong
Lead Author
Email:caidong@qyresearch.com
Tel:+86-13820869090
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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