The global calcium carbide market size was valued at USD 16.00 billion in 2023 and is projected to grow from USD 16.75 billion in 2024 to USD 24.09 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period. This information is provided by Fortune Business Insights, in its report, titled, “Calcium Carbide Market, 2025-2032.”
Calcium carbide (CaC₂) is primarily used to produce acetylene gas, which is further utilized in manufacturing polyvinyl chloride (PVC), calcium cyanamide, and other industrial products. It also finds applications in steelmaking for desulfurization, slag conditioning, and furnace injection. The growing demand for PVC-based plastics, along with the expansion of the chemical, steel, and agriculture industries, is driving market growth. Producing PVC from CaC₂ is considered efficient, as it eliminates dependence on petroleum and offers superior plasticizing properties.
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What are the key segments of the calcium carbide market?
The calcium carbide market is segmented by application, end-user, and region.
How is the market geographically divided?
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
What are the main drivers of the calcium carbide market?
The primary growth driver is the surging demand for acetylene and its derivatives, which are widely used in industries such as plastics, pharmaceuticals, dyes, and rubber. Acetylene derivatives also serve as raw materials in the production of polyurethane fibers and synthetic rubber, and are found in consumer goods like cosmetics, hair sprays, and sunscreens. Additionally, China’s strong PVC production based on acetylene further boosts product demand.
What are the major restraints affecting market growth?
One of the key restraints is the health hazard associated with calcium carbide exposure. Prolonged contact can be harmful, and its use in food treatment is particularly dangerous due to the presence of phosphorus and arsenic impurities, which generate acetylene gas upon contact with water.
Asia Pacific to Dominate Backed by Bolstering Production of Steel
Asia Pacific stood at USD 14.16 billion in 2021. The region is predicted to observe the highest calcium carbide market growth during the forecast period. The thriving chemical and steel manufacturing industry in the region is a prime driver of the market.
North America was responsible for a considerable calcium carbide market share in 2021 and is predicted to preserve its position as a pivotal market region during the forecast period owing to the augmented demand from chemical, steel, and industrial applications.