As per the latest report by IMARC Group, titled “Acetylene Gas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global acetylene gas market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global acetylene gas market size reached US$ 5.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2027, exhibiting a growth rate (CAGR) of 3.2% during 2022-2027. Acetylene (C2H2), also known as ethyne, is a colorless and flammable gas that is produced from numerous hydrocarbon sources, such as crude oil, naphtha, coal, etc. It becomes highly explosive when liquefied, heated, compressed, or mixed with air. Acetylene is widely used as a chemical building block and as a fuel. It is also utilized in oxyacetylene welding and cutting, as well as in the manufacturing of commercial dry-cell batteries and acetylic alcohols. Consequently, acetylene finds extensive applications across several industries, such as automotive, aerospace, transportation, pharmaceutical, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Acetylene Gas Market Trends:
The expanding chemical sector is one of the key factors driving the acetylene gas market. Additionally, the increasing adoption of acetylene gas for the synthesis of various chemicals, such as acetic anhydride, acetic acid, acetaldehyde, etc., is further catalyzing the market growth. Apart from this, the elevating product utilization in numerous metalworking applications, including heat treating, soldering, oxyacetylene cutting, brazing, welding, etc., owing to its high flame-temperature properties, is acting as another significant growth-inducing factor. Moreover, the growing usage of acetylene in the glass and materials processing industries for carbon coating are also augmenting the global market, since ethyne provides effective lubrication between material surfaces. Furthermore, the rising investments in research and development (R&D) activities aimed at generating gas from biogas and other bio-based fuels are anticipated to fuel the acetylene gas market over the forecasted period.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Airgas, Inc.
- BASF SE
- China Petroleum and Chemical Corporation
- Gulf Cyro
- Hebei Xingyu Chemical Co. Ltd.
- Ilmo Products Company
- Linde Plc
- Praxair, Inc.
- Shandong Xinlong Group Co. Ltd.
- Suzhou Jinhong Gas Co. Ltd.
- Dow Chemical Company
- Toho Acetylene Co. Ltd
Breakup by Application:
- Chemical Synthesis
- Welding and Cutting
- Metal Fabrication
Breakup by Production Method:
- Calcium Carbide
- Hydrocarbon Pyrolysis
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Scope and Methodology
- Executive Summary
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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