Calcium Carbide Market to Soar to USD 20.55 Billion by 2026 at a CAGR of 5.6% |Posted by Rushikesh Pise on January 10th, 2020 The global calcium carbide market is expected to grow at a healthy CAGR of 5.6%. One of the main drivers for this is the increasing demand and production of steel in the world. According to World Steel Association estimates, in 2018, crude steel production reached 1,808.6 million tons globally. Moreover, the worldwide demand for steel is projected to reach 1,681 million tons in 2019, which will substantially expand the global calcium carbide market size in the forecast period. Calcium carbide is a crucial component in the production of steel as the compound is used as a desulfurizing and reducing agent. Thus, rising steel production, especially in China, Japan, and India will cause a spike in the global calcium carbide market demand. Browse Report Summary: https://www.fortunebusinessinsights.com/industry-reports/calcium-carbide-market-101580 List of top companies Covered in the Calcium Carbide Market research report are:
In its report, titled “Calcium Carbide Market Size, Share & Industry Analysis, By Application (Acetylene Gas, Calcium Cynamide, Reducing & Dehydrating Agents, Steel Making, Others), By End User (Chemicals, Steel, Others), and Regional Forecast, 2019-2026”, Fortune Business Insights projects the global calcium carbide market value will reach USD 20.55 billion by 2026 from its current value of USD 13.39 billion. The report also contains a detailed evaluation of the factors and dynamics that will influence the market in the forecast period. Like it? Share it! More by this author |