Calcium Carbide Market is to Touch $18 Billion by 2030; The increasing demand for calcium carbide across various industries such as pharmaceuticals, food & beverages, agriculture, cosmetics, chemical, energy and power, metallurgy propels market growt

The Calcium Carbide Market size is estimated to reach $18 Billion by 2030, growing at a CAGR of 5.1% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Calcium Carbide Market –By Manufacturing Process (Standard Process, Electric Arc Furnace, Others), By Application (Acetylene Production, Chemical Industry, Metallurgical, Steel Manufacturing, Fruit Ripening, Carbide Lamps, Others), By End-User (Pharmaceuticals, Food & Beverages, Agriculture, Cosmetics, Chemical, Energy and Power, Metallurgy, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”

Increasing demand for acetylene gas and growth in global steel manufacturing are fueling the growth of the Calcium Carbide industry during the forecast period.

Asia-Pacific holds the largest share of 35% in 2023 of the Calcium Carbide market. Asia-Pacific accounted for the largest share of the calcium carbide market due to the region's booming industrial and construction sectors, particularly in countries like China and India. China is the world's largest producer and consumer of calcium carbide, driven by its widespread use in producing acetylene gas and polyvinyl chloride (PVC) through the carbide process. The region's rapid urbanization and infrastructure development have spurred demand for PVC, steel, and other construction materials, all of which rely on calcium carbide as a key raw material. Additionally, the availability of low-cost raw materials and labor, combined with favorable government policies supporting industrial expansion, has bolstered calcium carbide production in Asia-Pacific. China's dominance in the chemical and steel industries, along with India's growing manufacturing sector, further contributes to the region’s leading position. As the demand for acetylene-based chemicals and high-quality steel continues to rise in these countries, the Asia-Pacific region is expected to maintain its significant market share in the calcium carbide industry.

One of the most significant trends in the calcium carbide market is the growing demand for acetylene gas, which is primarily produced through the reaction of calcium carbide with water. Acetylene is used as a raw material in various industrial applications, including welding and cutting, chemical synthesis, and the production of polyvinyl chloride (PVC). The rise in construction activities, infrastructure development, and automotive manufacturing has led to an increased demand for acetylene gas as it is widely used in welding and metal cutting processes. Furthermore, acetylene is used as a key feedstock in the production of various chemicals, such as acetaldehyde, acetic acid, and acrylonitrile, which are essential in a wide range of industries. For instance, in 2023, the Food Safety and Standards Authority of India (FSSAI) directed food safety commissioners in all States and UTs to prevent the use of banned substances like calcium carbide or acetylene gas. The increased focus on infrastructure development in emerging economies, coupled with the rising demand for chemicals and plastics, is driving the need for acetylene gas, thereby boosting the calcium carbide market. As industries continue to expand and technological advancements make acetylene production more efficient, the demand for calcium carbide is expected to grow significantly.

The growth in global steel manufacturing is another key trend positively influencing the calcium carbide market. Calcium carbide is used in the desulfurization of iron and steel, an important step in refining steel and improving its quality. The increasing demand for high-quality steel in construction, automotive, and heavy machinery industries is driving the need for calcium carbide as a desulfurizing agent. Steel manufacturers are increasingly relying on calcium carbide for its effectiveness in removing sulfur and other impurities from molten iron, ensuring that the final product meets stringent quality standards. In 2023, Indonesia produced approximately 16 million tons of crude steel, up 2.8% from 15.6 million tons in 2022, according to research by the World Steel Association. The government's implementation of the smart supply demand concept, which prioritized the national steel industry from the upstream to the downstream sectors, was the driving force behind the good expansion of Indonesia's steel industry. As the steel industry continues to grow and adopt cleaner production methods, the demand for calcium carbide in steel desulfurization is expected to rise, creating a significant growth opportunity for the market.

Key companies profiled in the Calcium Carbide Market are Carbide Industries LLC, Denka Company Limited, SA Calcium Carbide, AlzChem Group AG, DCM Shriram, American Elements, Inner Mongolia Baiyanhu Chemical Co., Ltd., NGO Chemical Group Ltd, Rexarc International, Inc, Donau Chemie AG, Xinjiang Tianye (Group)Co., ltd, Xinjiang Zhongtai Co., Ltd, Ningxia Jinyuyuan Chemical Group Co., Ltd., Merck KGaA, PT Emdeki Utama Tbk. and others.