What is Calcium Silicide Market?
The global calcium silicide (CaSi2) market is expected to grow at a moderate pace during the forecast period, according to the AMA study. Increasing demand from alloys & steel sectors and the growing demand for self-heating food cans for military applications are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
Highlights from Calcium Silicide Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | American Elements (United States), Barium & Chemicals, Inc. (Uniyted States), Johns Manville (United States), Materion Advanced Materials Group (United States), Merck KGaA (Germany), Mil-Spec Industries (United States), NOAH Technologies Corporation (United States), Promat International (Belgium), Skamol (Denmark), Spectrum Chemical Mfg. Corp. (United States), Surepure Chemetals, Inc. (United States) and Weifang Hongyuan Chemical (China) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Calcium Silicide market throughout the forecasted period.
American Elements (United States), Barium & Chemicals, Inc. (Uniyted States), Johns Manville (United States), Materion Advanced Materials Group (United States), Merck KGaA (Germany), Mil-Spec Industries (United States), NOAH Technologies Corporation (United States), Promat International (Belgium), Skamol (Denmark), Spectrum Chemical Mfg. Corp. (United States), Surepure Chemetals, Inc. (United States) and Weifang Hongyuan Chemical (China) are some of the key players profiled in the study. Calcium Silicide Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Alloys, Pyrotechnics and Food Heating |
Sales | Direct Sales,Indirect Sales |
End Use | Manufacturing,Ultra Pipe Measures,Removal of Heavy Materials,Steel Sector,Energy Storage Materials,Military Applications,Others |
Sales Channel | Online,Offline |
On the basis of geography, the market of Calcium Silicide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Online Sales Channel
Market Growth Drivers:
Growing Demand from Alloys & Steel Sector and Increasing Demand for Self-Heating Food Cans for Applications such as Military
Challenges:
Presence of Major Players Creating Barriers for Smaller Vendors in the Market
Restraints:
Demand & Supply Gap Generated by COVID-19 Pandemic due to Reduced Operations in Transportations & Logistics Sector
Opportunities:
Opportunities in the Asia Pacific Region
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Calcium Silicide
Analyst Comment
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the global calcium silicide market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.