Group 1: Market Overview - Calcium carbide (CaC₂), commonly known as carbide, is a gray, brownish-yellow, black, or brown solid used primarily in the production of PVC, acetylene, and other chemical products [3] - The global calcium carbide market is projected to reach approximately 143.6 billion yuan by 2025, with an expected compound annual growth rate (CAGR) of 4.3% from 2025 to 2030, potentially exceeding 177.2 billion yuan by 2030 [3] Group 2: Supply and Demand Dynamics - The supply of calcium carbide is heavily reliant on raw materials such as coal, coke, and limestone, with global coal production reaching 909.6 million tons in 2023, a 3.1% increase year-on-year [3] - India is a significant market for calcium carbide, with domestic PVC production capacity reaching 1.592 million tons per year and production increasing to 1.45 million tons per year by the end of 2023 [4] - There is a notable gap between India's domestic calcium carbide production and its demand, leading to a heavy reliance on imports, primarily from China, which is the largest supplier and net exporter of calcium carbide [4][5] Group 3: Export Trends - In the first ten months of 2024, China's cumulative calcium carbide exports approached 100,000 tons, with India being the largest market, accounting for 35.7% of the exports [4]