Market Size of Calcium Carbide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Calcium Carbide Market Analysis
The calcium carbide market is expected to register a CAGR of more than 2.5% during the forecast period.
The COVID-19 outbreak affected many manufacturing industries and general economic activities in 2020. The implementation of lockdowns across various countries and disruptions in supply also impacted the chemical industry. At the same time, the slump in economic activity affected the development of infrastructure, the establishment of new industries, and expansions, seriously impacting the demand for metal products and the metallurgical industry. However, the demand from these sectors recovered in 2021 and is expected to grow at a moderate rate during the coming years.
- Over the short term, the increasing demand for chemical production and rising steel production across the world are driving the market's growth.
- However, the detrimental health effects of calcium carbide may hinder the market's growth.
- Growing downstream applications of acetylene can act as an opportunity for the market studied.
Asia-Pacific dominated the market, with China being the largest producer and consumer of calcium carbide globally. During the time frame of the forecast, the Asia-Pacific region is expected to have the highest CAGR.
