A recent report ongoing study by
Infinium Global Research on calcium hydride market provides in-depth analysis
of segments and sub-segments in the global as well as regional calcium hydride
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional calcium hydride market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global calcium hydride market. According
to the report, the global calcium hydride market is projected to grow at a
healthy CAGR over the forecast period of 2021-2027.
The global calcium hydride market
is expected to witness high growth with a healthy CAGR between 2021 to 2027.
Calcium hydride is an alkaline earth hydride and reacts powerfully with water
liberating the hydrogen gas. Furthermore, calcium hydride is chiefly employed as
a source of hydrogen and also used as a drying agent for liquids and gases. In
addition, calcium hydride is utilized as a reducing agent for metal oxides.
Moreover, the rapid growth in the chemical processing industry and metal
industry together with the high adoption of hydrogen in multiple end-use
industries are anticipated to provide a variety of growth opportunities for the
calcium hydride market during the forecast period.
The rapid increase in demand for
hydrogen gas for experimental purposes is likely to augment the growth of the
calcium hydride market. The increasing demand for hydrogen gas in industrial
applications such as the production of ammonia and methanol and calcium hydride
is used in widening battery applications, hydrogen storage research, and the
creation of fuel cell technology is also anticipated to positively impact the
growth of the calcium hydride market. Furthermore, the major factor which is
projected to forward the growth of the market is the high adoption of hydrogen
in an array of end-use industries. On the other hand, the presence of various
alternatives of calcium hydride, such as sodium hydride and lithium aluminum
hydride, and numerous regulations upon this material are estimated to act as
key restraints towards the calcium hydride market growth rate in the forecast
The Asia Pacific region is
expected to dominate the global calcium hydride market owing to the rapid
growth in the chemical industry as well as the high consumption of calcium
hydride in the production of hydrogen that has significantly influenced the
growth of the calcium hydride market in the region. Furthermore, the growing
chemical industry in China and India is pushing the demand for calcium hydride
in the region. However, the North American region is expected to grow with a
significant CAGR in the calcium hydride over the forecast period. The
supportive government regulations and the presence of large key players are the
factors boosting the regional calcium hydride growth.
The report on global calcium
hydride market covers segments such as product type, and application. On the
basis of product type, the sub-markets include 90% purity, 95% purity, and 96%
purity. On the basis of application, the sub-markets include reducing agent, and
organic synthesis and condensing agent.
The report provides profiles of
the companies in the market such as Albemarle Corporation, Materion
Corporation, Shinya Chem, Anhui Wotu Chemical Co., Ltd., Noah Technologies
Corporation, Spectrum Chemical Manufacturing Corp., Strem Chemicals, Inc.,
Nacalai Tesque, Inc., Ottokemi, and Merck KGaA.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the calcium hydride market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.