LOS ANGELES, April 11, 2019 (GLOBE NEWSWIRE) -- QY Research has published a latest report titled, “Global Acetylene Gas Market Report, History and Forecast 2014-2025,” by delivering the key competitive advantages to the clients and has also analyzed the key insights of the market. This 135 pages report exhibits the present and a future market scenario and growth opportunities in the global market over the projected period.
As per the report, the global acetylene gas market was valued at US$ 5610 Mn in the year 2018 and is likely to reach US$ 6090 Mn by the end of 2025. The global acetylene gas market is growing with a sluggish CAGR of 1.2% during the anticipated period of 2019-2025.
Global Acetylene Gas Market: Trends and Restraints
The growing demand for the acetylene gas for the production of a chemical is one of the most significant drivers, creating positive impact on the market. The acetylene gas has the highest flame temperature among hydrocarbons and therefore it is used for the welding and cutting of metal fabrications. Thus an increasing use of cutting and welding applications are driving the growth of the acetylene gas market in the coming years. Rising Research and Development activities are helping to produce the acetylene gas from the bio-based and biogas. This particular factor is expected to propel the growth of the global acetylene gas market in the near future.
However, various greenhouses gases are produced during the production of acetylene gas which led to environmental hazards. This creates a negative impact on the growth of the market during the anticipated period. The raw materials which are used for the manufacturing of acetylene gas consist of crude oil thus, the fluctuation in the prices of raw materials limits the growth of the market over the forecasted period.
Global Acetylene Gas Market: Forecast by Segmentation
The global market for acetylene gas is segmented into application and product type. The application segment is segmented into Chemical, Cutting and Welding, and Others. On the basis of product type, the market is segmented into Hydrocarbon Pyrolysis Production Type and Calcium Carbide Production Type.
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Global Acetylene Gas Market: Forecast by Geography
The Asia Pacific is expected to dominate the market in the near future. Emerging Economies such as China is likely to grab the remarkable market share of the acetylene gas market. China is also expected to hold the largest consumption and production volume of acetylene gas which results in the growth of the market. One of the key factors such as the growing demand for industrial gases in this region is responsible for the growth of the market in the years to come. Japan is expected to grow at a significant rate due to the increasing industrial investments. Europe and North America are also likely to grow at a promising rate due to rising environmental regulations.
Global Acetylene Gas Market: Key Manufacturers
Some of the major players operating in the global acetylene gas market are Dongxiang Gas, Linde, Gulf Cryo, Sichuan Vinylon, Toho Acetylene, Jinhong Gas, Xinjiang Weimei, Basf, Airgas, Praxair, Koatsu Gas, and DowDuPont.
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