Calcium Hydride Market (Product Type - 90% Purity, 95% Purity, and 96% Purity; Application - Reducing Agent, and Organic Synthesis and Condensing Agent): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

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.

Market Insight

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 period.

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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.