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Calcium Hydride Market Globally Expected to Drive Growth through 2027 – Financial Planning

Calcium Hydride Market: Introduction

Calcium hydride is a grayish-white crystalline solid that looks like sand. Its chemically formula is CaH2. It is primarily used as a drying agent for liquids and gases such as ethers, hydrocarbons, hydrogen, and argon. Due to its potentially dangerous reactions, calcium hydride is not recommended for drying of chlorinated or fluorinated carbon compounds. CaH2 is also used as a reducing agent in the production of powders of metals such as titanium, vanadium, niobium, and tantalum. It is also used as a cleaner for blocked oil wells. Calcium hydride is prepared through direct combination of calcium and hydrogen at 300°C–400°C. Calcium hydride is a flammable and reactive chemical compound, which is listed under the U.S. Hazardous Substances List. Contact with calcium hydride can severely irritate and burn the skin as well as the eyes. It can also cause damage to the eyes. It is highly reactive with water. The reaction with water liberates hydrogen gas. One kilogram of CaH2 liberates approximately 1 m3 of hydrogen. Hence, calcium hydride is the key source in hydrogen generation.

Global Calcium Hydride Market: Overview

Based on grade, the calcium hydride market can be segmented into reagent grade, technical grade, and others. In terms of application, the market can be segregated into industrial drying agents, metal powder production, hydrogen gas generation, and others. In terms of volume, hydrogen gas generation segment held major share of global calcium hydride market in 2018. As a hydrogen source, CaH2 is used widely, due to ease of transportation and storage. Metal powder production segment is anticipated to grow at rapid pace during forecast period. Another field of application is determination of water content in diesel fuel or kerosene. CaH2 is also employed to determine the water content in plastic granules.

Global Calcium Hydride Market: Region-wise Outlook

Based on region, the global calcium hydride market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Consumption patterns of calcium hydride vary across the world. Demand for calcium hydride is high in the manufacture of metal oxide powders in North America. The reagent grade segment holds a major share of the calcium hydride market in Central and South America as well as Central and Eastern Europe. In terms of consumption, Asia Pacific held a leading share of the global calcium hydride market in 2018. This trend is likely to continue during the forecast period also.

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North America also accounted for a key share of the global calcium hydride market in 2018. The market in Asia Pacific is projected to expand at a significant pace during the forecast period. Growth of end-use industries, such as building & construction, transportation, and oil & gas, especially in South Korea, Japan, and China, is anticipated to fuel the demand for calcium hydride in Asia Pacific in the next few years. China and Japan are estimated to hold a major share of the market in Asia Pacific during the forecast period. The calcium hydride market in Latin America and Middle East & Africa is projected to expand at a sluggish pace during the forecast period.

Global Calcium Hydride Market: Key Players

A few companies operate in the global calcium hydride market. Several regional and local traders, distributors, and importers supply calcium hydride to end-users. Prominent companies operating in the global calcium hydride market include Albemarle Corporation, TGV Group, and Garima Calcium Products Pvt. Ltd.

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