PORTLAND, Ore., Jan. 13, 2022
PORTLAND, Ore., Jan. 13, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Calcium Carbide Market by Application (Acetylene Gas, Calcium Cyanamide, Reducing and Dehydrating Agent, Desulfurizing and Deoxidizing Agent, and Others) and End-use industry (Chemicals, Metallurgy, Pharmaceutical, Food and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global calcium carbide industry generated $11.3 billion in 2020, and is estimated to reach $18.2 billion by 2030, witnessing a CAGR of 5.0% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Rise in demand for acetylene in various applications and surge in production of steel drive the growth of the global calcium carbide market. However, harmful effects of calcium carbide restrain the market growth. On the other hand, surge in chemical production volumes presents new opportunities in the coming years.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/15371
The acetylene gas segment to continue its lead position during the forecast period
Based on application, the acetylene gas segment contributed to the highest share in 2020, accounting for nearly four-fifths of the global calcium carbide market, and is expected to continue its lead position during the forecast period. This is due to increase in demand for acetylene gas from various industries for oxyacetylene cutting, welding, and heat-treating. However, the desulfurizing and deoxidizing agent segment is estimated to portray the highest CAGR of 7.5% from 2021 to 2030, owing to growth in the metallurgical industry across developing economies such as China and India that led to surge in demand.
Get Detailed COVID-19 Impact Analysis on the Calcium Carbide Market @ https://www.alliedmarketresearch.com/request-for-customization/15371?reqfor=covid
The chemicals segment to maintain its lead in terms of revenue during the forecast period
Based on end-use industry, the chemicals segment held the largest share in 2020, accounting for nearly two-fifths of the global calcium carbide market, and is expected to maintain its lead in terms of revenue during the forecast period. This is attributed to rise in usage across the chemical industry as calcium carbide acts as an intermediate substance and assists in producing several chemical derivatives. However, the metallurgy segment is projected to portray the largest CAGR of 5.7% from 2021 to 2030, owing to rise of the metallurgy industry in developing nations.
Asia-Pacific to offer lucrative opportunities, North America to grow steadily
Based on region, Asia-Pacific accounted for the highest market share in 2020, contributing to more than four-fifths of the global calcium carbide market, and is expected to maintain its dominance by 2030. Moreover, this region is estimated to register the fastest CAGR of 5.3% from 2021 to 2030. This is due to rise of the chemical, pharmaceutical, and metallurgy industries in the region that led to surge in demand for calcium carbide. However, North America is estimated to register a steady CAGR during the forecast period.
Leading Market Players
Interested in Procuring This Report? Visit Here:
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Calcium Sulfate Market: Global Opportunity Analysis and Industry Forecast, 2021-2028
Aluminum Carbide Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Calcium Carbonate Market: Global Opportunity Analysis and Industry Forecast, 2019–2026
Ceramic Matrix Composites Market: Global Opportunity Analysis and Industry Forecast, 2019–2026
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: 1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter