The global calcium carbide market is expected to grow at a healthy CAGR of 5.6%. One of the main drivers for this is the increasing demand and production of steel in the world. According to World Steel Association estimates, in 2018, crude steel production reached 1,808.6 million tons globally. Moreover, the worldwide demand for steel is projected to reach 1,681 million tons in 2019, which will substantially expand the global calcium carbide market size in the forecast period. Calcium carbide is a crucial component in the production of steel as the compound is used as a desulfurizing and reducing agent. Thus, rising steel production, especially in China, Japan, and India will cause a spike in the global calcium carbide market demand.
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In its report, titled “Calcium Carbide Market Size, Share and Industry Analysis, By Application (AcetyleneGas, CalciumCynamide, ReducingandDehydratingAgents, SteelMaking, Others), By End User (Chemicals, Steel, Others), and Regional Forecast, 2019-2026”, Fortune Business Insights projects the global calcium carbide market value will reach USD 20.55 billion by 2026 from its current value of USD 13.39 billion. The report also contains a detailed evaluation of the factors and dynamics that will influence the market in the forecast period.
Fortune Business Insights profiles some of the key players in the global calcium carbide market:
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North America to Generate High Revenue; Asia-Pacific to Boast a Sturdy Growth Rate
Having generated a revenue of USD 78.5 million in 2018, North America is projected to hold a major portion in the global calcium carbide market share during the forecast period. The main reason for this being the growing demand for calcium carbide across industries in the region. On the other hand, Asia-Pacific is expected to register the highest growth rate on account of rapidly developing chemical industries in India and China, along with rising steel production in Japan. Additionally, increasing demand for acetylene in PVC manufacturing in China is anticipated to give the extra push to the global calcium carbide market growth in the coming decade.
Key Segmentation of Calcium Carbide Market:
Calcium Carbide Market Segments by Application
By End User
By Geography
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Growing Attention Towards Tapping Lucrative Opportunities in China to Drive Competition
Chinese companies are stepping up their investments in the production and application of calcium carbide. This has led to the spurting of huge business opportunities for other players in the global calcium carbide market. Many European and North American companies are investing in innovation and developing new products. For example, Germany-based AlzChem has made impressive progress in developing cyanamide and its derivatives which the company uses as building blocks for the heterocyclic compounds’ synthesis such as imidazole.
Questions and Answers:
What will the market growth rate of Calcium Carbide Market in 2026?
What are the key factors driving the Global Calcium Carbide Market?
What are sales, revenue, and price analysis of top manufacturers of Calcium Carbide Market?
Who are the distributors, traders, and dealers of Calcium Carbide Market?
Who are the key vendors in Calcium Carbide space?
What are the Calcium Carbide Market opportunities and threats faced by the vendors in the Calcium Carbide Market?
What are sales, revenue, and price analysis by types, application and regions of Calcium Carbide Market?
What are the market opportunities, market risk and market overview of the Calcium Carbide Market?
Table of Content from calcium carbide market:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Key Industry Trends
4.2 Overview of Calcium Carbide Production Capacity and Output in China
4.3 Overview of Calcium Carbide Production Output in India
4.4 Overview of Global Production Capacity of PVC
5. Global Calcium Carbide Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast By Application
5.2.1 Acetylene Gas
5.2.2 Calcium Cyanamide
5.2.3 Steel Making
5.2.4 Reducing and Dehydrating Agent
5.2.5 Others
5.3. Market Analysis, Insights and Forecast By End User
5.3.1 Chemicals
5.3.2 Steel
5.3.3 Others
5.4. Market Analysis, Insights and Forecast By Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia pacific
5.4.4 Rest of World
TOC Continued..!!!
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