PUBLISHER: Value Market Research | PRODUCT CODE: 1578306
PUBLISHER: Value Market Research | PRODUCT CODE: 1578306
The global demand for Acetylene Gas Market is presumed to reach the market size of nearly USD 7.46 Billion by 2032 from USD 4.43 Billion in 2023 with a CAGR of 5.97% under the study period 2024-2032.
Acetylene gas is a colourless flammable gas that is generated with the combination of calcium carbonate and water. It can also be produced using hydrocarbons such as coal, crude oil and naphtha and becomes highly explosive when it is liquified, compressed, heated or mixed with air. This gas is generally used as an intermediate for the producing of chemicals and cutting and welding functions in metalworking applications. It is also used for the manufacturing of acetylic alcohols and commercial dry-cell batteries and finds wide applications across various industries, including chemical, automotive, transportation, aerospace and pharmaceutical.
Rapid industrialization across the globe and noteworthy growth in the chemical industry represent as the key driving factor of the market. Due to its high flame-temperature properties, acetylene gas is widely used for various metalworking applications. Furthermore, acetylene gas is also utilized for the synthesis of various chemicals, such as acetic anhydride, acetic acid and acetaldehyde. Apart from this, it finds applications in the glass and materials processing industries for carbon coating as it helps in creating lubrication between the material surfaces. Other factors, including growing research and development (R&D) activities focused on generating the gas from biogas and other bio-based fuels, are also providing a boost to the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Acetylene Gas. The growth and trends of Acetylene Gas industry provide a holistic approach to this study.
Market Segmentation
This section of the Acetylene Gas market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global Acetylene Gas Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Acetylene Gas market include BASF SE, Airgas, Gulf Cyro, China Petroleum And Chemical Corporation, Linde Group, SINOPEC, Praxair Technology Inc., Dow Chemical Company, Toho Acetylene, Sichuan Vinylon. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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