The North America Calcium Carbide Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,499.42 kilo tonnes, showcasing a growth of 3.4% (2019-2022).
Calcium carbide, primarily known for its production of acetylene gas, finds diverse applications across industries. In metal fabrication, it serves as a key component in oxy-acetylene torches for welding and cutting. The chemical industry utilizes acetylene derived from it in the synthesis of various organic compounds, including plastics and solvents. Thus, the Mexico market consumed 132.89 kilo tonnes calcium carbide in the market 2022.
The US market dominated the North America Calcium Carbide Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,381.9 Million by 2030. Canada market is experiencing a CAGR of 4.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.2% during (2023 - 2030).
One area of technological advancement is the production process of this. New methods and technologies are being developed to improve the efficiency of this process, leading to higher yields and lower energy consumption.
Additionally, demand expansion in emerging economies, including India, China, and Brazil, is, in fact, the market's primary growth driver. Rapid industrialization and urbanization in these countries lead to increased demand for this, particularly in industries such as steel, chemicals, and metallurgy.
Canada exported $41.7 billion worth of chemicals and chemical products in 2021, a 15.8 percent increase compared to 2020. Imports increased by 16.9 percent to $72.9 billion, driven by a recovery in demand for all sub-sectors. The United States represented the dominant export market and the dominant source of imports. In 2021, 77 percent of exports, worth $32.3 billion, went to the United States, and 55 percent of imports worth $34 billion originated there.
Based on End-User, the market is segmented into Chemicals, Metallurgy, Pharmaceutical, Food, and Others. Based on Application, the market is segmented into Acetylene Gas, Calcium Cyanamide, Reducing & Dehydrating Agent, Desulfurizing & Deoxidizing Agent, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Calcium carbide, primarily known for its production of acetylene gas, finds diverse applications across industries. In metal fabrication, it serves as a key component in oxy-acetylene torches for welding and cutting. The chemical industry utilizes acetylene derived from it in the synthesis of various organic compounds, including plastics and solvents. Thus, the Mexico market consumed 132.89 kilo tonnes calcium carbide in the market 2022.
The US market dominated the North America Calcium Carbide Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,381.9 Million by 2030. Canada market is experiencing a CAGR of 4.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.2% during (2023 - 2030).
One area of technological advancement is the production process of this. New methods and technologies are being developed to improve the efficiency of this process, leading to higher yields and lower energy consumption.
Additionally, demand expansion in emerging economies, including India, China, and Brazil, is, in fact, the market's primary growth driver. Rapid industrialization and urbanization in these countries lead to increased demand for this, particularly in industries such as steel, chemicals, and metallurgy.
Canada exported $41.7 billion worth of chemicals and chemical products in 2021, a 15.8 percent increase compared to 2020. Imports increased by 16.9 percent to $72.9 billion, driven by a recovery in demand for all sub-sectors. The United States represented the dominant export market and the dominant source of imports. In 2021, 77 percent of exports, worth $32.3 billion, went to the United States, and 55 percent of imports worth $34 billion originated there.
Based on End-User, the market is segmented into Chemicals, Metallurgy, Pharmaceutical, Food, and Others. Based on Application, the market is segmented into Acetylene Gas, Calcium Cyanamide, Reducing & Dehydrating Agent, Desulfurizing & Deoxidizing Agent, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- American Elements
- Denka Company Limited
- Merck KGaA
- Thermo Fisher Scientific, Inc.
- Santa Cruz Biotechnology, Inc.
- Lonza Group Ltd.
- Nippon Carbide Industries Co., Inc.
- DCM Shriram Ltd.
- Chemford International
- Alzchem Group AG
Market Report Segmentation
By End-User (Volume, Kilo Tonnes, USD Billion, 2019-2030)- Chemicals
- Metallurgy
- Pharmaceutical
- Food
- Others
- Acetylene Gas
- Calcium Cyanamide
- Reducing & Dehydrating Agent
- Desulfurizing & Deoxidizing Agent
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Calcium Carbide Market, by End-User
Chapter 5. North America Calcium Carbide Market, by Application
Chapter 6. North America Calcium Carbide Market, by Country
Chapter 7. Company Profiles
Companies Mentioned
- American Elements
- Denka Company Limited
- Merck KGaA
- Thermo Fisher Scientific, Inc.
- Santa Cruz Biotechnology, Inc.
- Lonza Group Ltd.
- Nippon Carbide Industries Co., Inc.
- DCM Shriram Ltd.
- Chemford International
- Alzchem Group AG
Methodology
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