The global Acetylene Gas Market is forecast to reach USD 13.92 Billion by 2027, according to a new report by Reports and Data. Acetylene is commonly used for welding applications. A compound of acetylene, known as acetylene black, is used in dry cell batteries, and acetylene alcohol is used for vitamin synthesis. Major end-user industries of the market include metal fabrication, automotive, pharmaceutical, aerospace, and glass, among others. Acetylene, in both solid and liquid form, is extremely explosive. Thus, extreme care ought to be taken during the production of the product or while using it to produce chemicals and other products.

China is the largest manufacturer of acetylene. The dramatic expansions of the manufacturing facilities and the increase in consumer consumption in China have transformed its society and economy. Rapid consolidation between large and medium players is anticipated as the Chinese government is encouraging industry consolidation to improve competitiveness in the world market. Increase in both export-oriented and domestic revenues are observed for the manufacturers of the existing market. However, challenges such as emphasis on high-quality products at low costs, and an increase in buyer bargaining power, are forcing significant changes in the supply chain.

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Further key findings from the report suggest,

Acetylene is commonly used for welding and cutting. When compared to all other gases, acetylene is capable of producing the hottest flame. It is also used in automotive part manufacturing as well as fabrication of other metal parts where accuracy is crucial.
Calcium carbide and water are used to produce acetylene, which are, in turn, used in the lamps. Several hunters or canvas still use these lamps for terrain activities.
The manufacture of acetylene gas release several greenhouse gases. The environmental hazards associated with it have been restraining the growth of the market and increasing the rate of substitution.
Research and development activities to produce acetylene from renewable sources are expected to provide ample growth opportunities for the market.
Asia Pacific leads the market for acetylene. China is the major contributor to the growth of the market in the region. The high demand is mainly due to the easy availability of raw materials and increasing urbanization. Expansion in the construction industry in the region is also augmenting market demand.
Key participants include BASF SE, Gulf Cryo, The Linde Group, Asia Technical Gas, Air Liquide, Air Products and Chemicals, Praxair Technology, Chengdu Xinju Chemical Co. Ltd., Suzhou Jinhong Gas Co. Ltd., and Xinju Chemical Co. Ltd. among others.
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Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

Dissolved Acetylene
Acetylene Gas
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

Metal Working
Chemical Raw Materials
Lamps
Others
End Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

Metal Fabrication
Aerospace
Pharmaceutical
Glass
Automotive
Others
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Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Acetylene Gas Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Acetylene Gas Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Acetylene Gas Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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