Acetylene Gas market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Acetylene Gas market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Acetylene Gas market size of various segments.
Acetylene gas is highly flammable with a characteristic property of high flame temperature. On combustion with oxygen, it can achieve a temperature of 6,296°F and on reaction with air can get to 4,532°F. It is a colorless gas with a garlic-like odor. Acetylene is an asphyxiant that reduces the amount of oxygen present in air. It is highly unstable in its pure form and tends to become highly explosive when liquefied, heated, compressed, or mixed with air.
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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Acetylene Gas market projected to grow at a CAGR of 2.92% during the period 2017-2021.
Acetylene Gas Market Drivers, Challenges and Trends: –
Market Driver: – One of the major drivers for this market is growing end-user industries. acetylene is used in many end-user industries, including chemical, metal fabrication, transportation (automotive and aerospace), pharmaceutical, and glass. some of the end-user industries are growing significantly, thereby driving the consumption of industrial gases, including acetylene. the use of acetylene in the automotive segment is growing considerably.
Market Challenge: – One of the major factors hindering the growth of this market is volatility in raw material prices. one of the most important consumer-driven factors in the selection of material in the automotive industry is its cost. the cost of the new material is always compared with the cost of the current material that is currently used. this is one of the important variables that decides whether the new material would be efficient enough to be used in the industry.
Market trend: – The latest trend gaining momentum in the market is inorganic expansion and increase in M&As. Major vendors in acetylene and other industrial gases market are increasingly relying on inorganic expansion for growth. They are either acquiring the operations of their competitors or are merging with the other prominent vendors. Inorganic growth is preferred in acetylene gas business as it gives an immediate gestation for investment while providing access to the existing customer base and distribution network of the acquired company
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Market segmentation by application:- Overview, in chemical synthesis segment, by welding and metal fabrication segment, in other application segments
Geographic Segmentation: – Americas, APAC, EMEA
To calculate the Acetylene Gas market size the report considers revenues generated from the sales of acetylene gas in applications such as chemical synthesis, welding and metal fabrication, and other applications across major regions to arrive at the market numbers. The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in Acetylene Gas market like Air Liquide, Air Products and Chemicals, BASF, Linde, Praxair Technology and many more.
Some of the Exhibits included in Acetylene Gas Market report: –
Exhibit 01: Global acetylene gas market
Exhibit 02: Segmentation by applications
Exhibit 03: Segmentation by geography
Exhibit 04: Applications of acetylene
Exhibit 05: Global industrial gases market 2016-2021 ($ billions)
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With geographic breakdown of the Acetylene Gas market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.