Global Acetylene Gas Market 2017-2021
About Acetylene Gas
Acetylene gas is highly flammable with a characteristic property of high flame temperature. On combustion with oxygen, it can achieve a temperature of 6,296°F and on reaction with air can get to 4,532°F. It is a colorless gas with a garlic-like odor. Acetylene is an asphyxiant that reduces the amount of oxygen present in air. It is highly unstable in its pure form and tends to become highly explosive when liquefied, heated, compressed, or mixed with air.
Technavio’s analysts forecast the global acetylene gas market to grow at a CAGR of 2.92% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global acetylene gas market for 2017-2021. To calculate the market size, the report considers revenues generated from the sales of acetylene gas in applications such as chemical synthesis, welding and metal fabrication, and other applications across major regions to arrive at the market numbers.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Acetylene Gas Market 2017-2021
Technavio recognizes the following companies as the key players in the global acetylene gas market: Air Liquide, Air Products and Chemicals, BASF, Linde, and Praxair Technology.
Other Prominent Vendors in the market are: Asia Technical Gas, The Dow Chemical Company, Gulf Cryo, ILMO Products Company, Koatsu Gas Kogyo, Maxima Air Separation Center, Messer, Sinopec Sichuan Vinylon Works, SOL, Suzhou Jinghong Gas, and Toho Acetylene.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is inorganic expansion and increase in M&As. Major vendors in acetylene and other industrial gases market are increasingly relying on inorganic expansion for growth. They are either acquiring the operations of their competitors or are merging with the other prominent vendors. Inorganic growth is preferred in acetylene gas business as it gives an immediate gestation for investment while providing access to the existing customer base and distribution network of the acquired company.”
According to the report, one of the major drivers for this market is growing end-user industries. Acetylene is used in many end-user industries, including chemical, metal fabrication, transportation (automotive and aerospace), pharmaceutical, and glass. Some of the end-user industries are growing significantly, thereby driving the consumption of industrial gases, including acetylene. The use of acetylene in the automotive segment is growing considerably.
Further, the report states that one of the major factors hindering the growth of this market is volatility in raw material prices. One of the most important consumer-driven factors in the selection of material in the automotive industry is its cost. The cost of the new material is always compared with the cost of the current material that is currently used. This is one of the important variables that decides whether the new material would be efficient enough to be used in the industry.
Air Liquide, Air Products and Chemicals, BASF, Linde, Praxair Technology, Asia Technical Gas, The Dow Chemical Company, Gulf Cryo, ILMO Products Company, Koatsu Gas Kogyo, Maxima Air Separation Center, Messer, Sinopec Sichuan Vinylon Works, SOL, Suzhou Jinghong Gas, Toho Acetylene.