May 2020: Linde plc to start a new syngas processing plant in the U.S., which could convert by-product Acetylene Off-Gas (AOG), into high-value products to supply to chemical manufacturers.
November 2018: Ferrell Gas Partners, L.P. announced the acquisition of Wylie LP Gas, Inc., to expand its distribution in Texas, U.S.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3944
Published Date: May 31, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are the growing production of plastic, the rising application of acetylene in the pharmaceutical sector, and the surge in the manufacturing of automotive.
The market size of dissolved acetylene gas is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2023-2035.
The major players in the market are Shandong Xinlong Group Co. Ltd., BASF SE, Praxair, Inc., China Petroleum & Chemical Corporation, and more.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by production method, application, end-user, and by region.
The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Not suitable for all materials, hold high risk, and require huge investment for specialized equipment are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.