Calcium Carbide Market
The calcium carbide market was valued over US$ 18.7 Bn in 2020 and is expected to cross US$ 31 Bn by 2031. The global calcium carbide market is anticipated to expand at a CAGR of ~5% during the forecast period. Calcium cyanamide is produced by passing nitrogen through powdered calcium carbide in an electric arc furnace. The increase in the demand for calcium cyanamide is expected to drive the calcium carbide market during the forecast period. Rise in global demand for food owing to growing population; climate changes; and ineffective farming techniques are driving the need for yield efficiency across the globe. This, in turn, is augmenting the global calcium carbide market.