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WILMINGTON, Del. , Oct. 12, 2022 /PRNewswire/ -- By 2031, the Global Calcium Carbide Market size is predicted to surpass valuation of US$ 31.38 Bn . The global calcium carbide market growth forecast expects the market to progress at around 5% CAGR during the forecast period, from 2021 to 2031. The manufacturing of carbide lamps, acetylene, toy cannons, calcium cyanamide, and other organic compounds uses calcium carbide more often. It is also finds extensive utilization in applications of furnace injection, slag conditioning, and desulfurization in the manufacturing of steel. Currently, CaC2 is mostly utilized to create acetylene gas, which is then used to create polyvinyl chloride (PVC). In addition to its usage in industry, calcium carbide is frequently employed in home settings to unclog drains and hasten the ripening of crops.
Acetylene is primarily produced from calcium carbide and is utilized in the production of a variety of resins, organic compounds, and polymers as well as welding of metals and oxyacetylene cutting. Additionally, calcium carbide is used in metallurgical operations as dehydrating, reducing, and desulfurizing agent.
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The most significant use for calcium carbide is the production of acetylene through an exothermic reaction with water. A common ingredient in both non-aerosol and aerosol hairsprays is acetylene. These hair sprays are designed to satisfy the expanding need for products that are stiffer, firmer, and more stable. Growing use of these pharmaceuticals and cosmetics is predicted to present profitable potential for market participants selling calcium carbide. Increasing use in cosmetics industry is estimated to emerge as one of the major calcium carbide market trends
Key Findings of Market Report
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Global Calcium Carbide Market: Key Players
Some of the key market players are
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Global Calcium Carbide Market: Segmentation
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