Chemicals

Insights Into The Acetylene Market’s Growth Opportunities Through 2023-2032 – Includes Acetylene Market Size

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

Growing applications of acetylene across various industries are expected to drive innovation in acetylene manufacturing, thus driving the market during the forecast period.

 

The global acetylene market is expected to grow from $10.18 billion in 2022 to $11.06 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global acetylene market size is expected to grow from $13.97 billion in 2027 at a CAGR of 6.0%.

 

Get A Free Sample On The Global Acetylene Market Report:
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Global Acetylene Market Segments Include:

  • By Type: Calcium Carbide Production, Thermal Cracking Process
  • By Application: Automotive, Metal fabrication, Aerospace, Pharmaceutical, Other Applications
  • By Sales Channel: Direct Company Sale, Direct Import, Distributors & Traders
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global acetylene market in 2021.

 

Major Market Players in the acetylene market include BASF SE, Gulf Cryo, Linde, Praxair Technology, Inc., SINOPEC, Chengdu Xinju Chemical Co. Ltd.

 

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. The data obtained through these devices is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. Major industrial gas manufacturers adopting IoT technology include Praxair-Linde and Air Products.

 

The Acetylene Global Market Report 2023  provides a acetylene market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The acetylene market forecast analyzes acetylene market size, acetylene market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Acetylene is a colorless, combustible gas with a distinctive odor. It is the only fuel gas that can be used for welding. Acetylene is the simplest alkyne and a hydrocarbon that is generally handled as a solution due to its unstable form.

 

Explore Similar Reports From The Business Research Company:

Metalworking Fluids Global Market Report 2022

Industrial Gases – Metals And Metal Fabrication Global Market Report 2022

Calcium Carbide Global Market Report 2022

 

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