According to ChemAnalyst report, “Acetylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Acetylene market has witnessed a considerable growth as it reached 1.9 million tonnes in 2020 and is expected to achieve a healthy global CAGR of 4.10% in the forecast period. Due to rapid industrialization across the globe, the demand of Acetylene by the flourishing chemical industry is continuously growing and is likely to boost the global Acetylene market over the next ten years. The production of Acetylene is associated with the safety concerns on environment and human health before it can be further manufactured and introduced in the market around the world.
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Acetylene with the chemical formula C₂H₂ is the simplest alkyne and a hydrocarbon in which the two carbon atoms are bonded together in a triple bond. It is an odorless and colorless gas which is extensively used as a key fuel and a chemical building block. Pure form of Acetylene is usually handled as a solution as it is highly unstable. Manufacturing of Acetylene is done by three methods including reaction of water with calcium carbide, partial combustion of methane with air or oxygen or by passage of a hydrocarbon through an electric arc. It is also recovered as a by-product in production of ethylene by cracking of hydrocarbons.
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Acetylene is used in numerous industrial and commercial applications, but it is mainly manufactured for the production of chemical. Some of the major end uses of Acetylene includes welding and cutting, portable lighting, heat treating, derivatives of plastics and acrylic acid and others. Approximately 20% of Acetylene is supplied by the industrial gases industry for oxyacetylene gas cutting and welding processes due to its property of having highest flame temperature. Acetylene in Bulk quantities is widely used as a feedstock in the chemical industry for the production of organic compounds such as Acetic Anhydride, Acetic Acid, and Acetaldehyde. Continuously surging demand of Acetylene by the chemical industry is likely to flourish the global market over the next few years
Global Acetylene Market is segmented on the basis of end-use, application, sales channel and region. On the basis of application, the global market is segmented into Chemical Synthesis, Welding and Cutting, Metal Fabrication, and others. The metal fabrication industry is anticipated to dominate the global market of Acetylene in the forecast period due to the increasing applications of metalworking across the globe. Based on end-use, the market is segmented into automotive, construction, aerospace, pharmaceutical, glass, and others. Increasing demand of Acetylene by the automotive industry along with growing transportation activities for metalworking applications in the vehicles is likely to propel the global Acetylene market in the future. Increasing construction activities is further accelerating the demand of chemical especially in the Asia Pacific region.
Due to the onset of COVID-19, in 2020, market had a severe decline around the world. Leading authorities in emerging as well as industrialized countries caused countrywide lockdowns due to which many end-user industries witnessed a negative impact. Production units halted their operations temporarily in order to stop the spread of coronavirus. Industries such as automotive, chemical, construction, and others that consumes Acetylene largely were drastically affected. As the lockdown restrictions are slowly uplifting, the operations are gradually resuming, which will boost the demand of Acetylene in the next few years.
Region wise, APAC region dominated the global market in 2020 and is anticipated to maintain its dominance in the forecast period until 2030. Increased demand of Acetylene owing to the construction and transportation activities in emerging economies like China and Japan has driven the global market in the Asia Pacific region. The expansion of other end-user industries in the Asia Pacific region will further propel the demand of Acetylene in coming years.
Acetylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in Acetylene market include BASF SE, China Petroleum and Chemical Corporation, Airgas, Gulf Cyro, Hebei Xingyu Chemical Co. Ltd., Linde Aktiengesellschaft, Praxair Inc., Ilmo Products Company, Shandong Xinlong Group Co. Ltd., Suzhou Jinhong Gas Co. Ltd., The Dow Chemical Company, Toho Acetylene, and Others.
“Rapidly growing demand for Acetylene propelled by the increasing urbanization and expansion of several end-user industries across the globe is likely to boost the global Acetylene market in the forecast period until 2030. Increasing construction and transportation activities in emerging as well as industrialized economies is accelerating the demand of Acetylene, which will further augment the market growth of Acetylene in the next few years. Due to the wide application of Acetylene in metal working fabrication for welding and cutting is likely to surge the demand of Acetylene by major end-use industries including automotive, construction and others. ”said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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The latest trending report Global Acetylene Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Acetylene market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Acetylene industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Acetylene and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/29959-acetylene-market-analysis-reportThe major players covered in Acetylene are:LindeDowDuPontToho AcetyleneAirgasBASFPraxairSINOPECILMOGulf CryoHo Tung ChemicalJinHong GasMarkorXinlong GroupXinju ChemicalLutianhuaJiuce GroupBy Type, Acetylene market has been segmented intoCalcium Carbide ProductionThermal Cracking ProcessBy Application, Acetylene has been segmented into:Chemical Raw MaterialsIlluminationWeldingOtherThe report offers in-depth assessment of the growth and other aspects of the Acetylene market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Acetylene Market @ https://www.decisiondatabases.com/contact/download-sample-29959The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Acetylene product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Acetylene, with price, sales, revenue and global market share of Acetylene in 2018 and 2019.Chapter 3, the Acetylene competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Acetylene breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Acetylene market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Acetylene sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Acetylene Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-29959Other Reports by DecisionDatabases.com:Global Piperylene Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Butylenes Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us: DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
A recent report published by TheBusinessResearchCompany on Acetylene Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Acetylene Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global acetylene market.
The report covers the acetylene market’s segments- calcium carbide production, thermal cracking process, automotive, metal fabrication, aerospace, pharmaceutical, and others.Acetylene Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Many chemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real time insights and locate gaps in the manufacturing process.
