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Asia Pacific to be Among the Fastest Growing Regions for the Calcium Carbide Market

Asia Pacific is among the fastest growing regions for calcium carbide and the region will continue to offer growth opportunities to the key players during the forecast period. Factors including the rising steel production and the rise of the food and beverage industry in China and a growing number of agricultural sustainability projects throughout the region, especially India, are boosting the growth of the calcium carbide market in Asia Pacific. More than 90% of the demand growth will come from Asia Pacific region during the forecast period. China and Japan are the among the leading regions in the Asia Pacific region. China is major consumer region which holds more than 80% of the market demand. The region is likely to witness higher growth in the coming years as compared to the other regions.

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Calcium Carbide: Market Segmentation

Increased Application Adding to the Market Growth

The demand for calcium carbide will be propelled by the increased use of acetylene gas in versatile applications. The proliferation of the steel industry will boost the demand for a compound for the steel production process and will drive the market forward. Calcium carbide is the primary source of acetylene, and acetylene is mainly used in the manufacture of a range of resins, organic chemicals, and plastics, and in metal cutting and welding of oxyacetylene. Calcium carbide is often used as a dehydrating agent and as a reducing and desulfurizing agent in metallurgical processes. Demand for calcium carbide from industries like PVC and metallurgy is also driving the market growth forward.

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Key Industry Players in the Global Calcium Carbide Market

The report gives a detailed analysis of the following key players in the global calcium carbide market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Carbide Industries LLC
• Denka Company Limited
• AlzChem Group AG
• Inner Mongolia Baiyanhu Chemical Co.,Ltd.
• MCB Industries Sdn. Bhd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

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