Global Acetylene Gas Market: Overview
Acetylene Gas is an organic chemical compound produced in laboratories by organic carbides. It is unstable in pure form and hence is kept as a solution. Acetylene reacts exothermically to produce a flame hot enough for welding and lighting purposes. The relative ease of usage of this gas makes it popular among makeshift welders. It was also used for incandescent lighting in cramped spaces till recently when it was replaced by electrical solutions.
The global industrial growth has given impetus to iron and steel usage, notes Transparency Market Research. Welding is an important process that moulds these materials for industrial usage. As industrial growth progresses with time so should the market for acetylene gas over the period of 2020 to 2030.
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Global Acetylene Gas Market: Competitive Landscape
A number of manufacturers exist in the acetylene gas market. Their presence makes the market scenario fragmented. Some of these players are-
- Sichuan Vinylon
- Jinhong Gas
- Koatsu Gas
- Xinjiang Weimei
- Toho Acetylene
- Gulf Cryo
- Dongxiang Gas
All these players recognize the importance of industrial growth globally and are committed to providing high quality and quantity of acetylene gas. Acquiring smaller chemical facilities and increasing market outreach and awareness about acetylene are among few measures they shall adopt to make this possible.
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Global Acetylene Gas Market: Key Trends and Drivers
- Global industrial output has increased manifold since the last few centuries. The industrial sector is a major contributor to national GDP Iron and steel are basic building blocks of any industrial venture. Welding processes help utilize these materials to their fullest extent and hence should increase in the future, bringing concomitant growth to the acetylene gas market.
- However, acetylene gas welding has recently been superseded by better options. Though this is countered by the relative ease of use of this gas and should ensure steady growth for the market in the coming years.
Global Acetylene Gas Market: Regional Analysis
The Asia Pacific region (APAC) is expected to register the fastest growth in the acetylene gas market given the rapid increase in industrial infrastructure here and regard for cheaper solutions.
North America and Europe are expected to show modest growth in this market. Stringent regulations on chemical usage and adoption of better options in industrial development are responsible for this lukewarm growth.
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