Dissolved Acetylene Gas Market Size

  • Report ID: 3944
  • Published Date: May 31, 2023
  • Report Format: PDF, PPT

Dissolved Acetylene Gas Market Size

Dissolved Acetylene Gas Market size is estimated to surpass USD 13 Billion by the end of 2035, growing at a CAGR of 3% during the forecast period i.e., 2023-2035.. In the year 2022, the industry size of dissolved acetylene gas was USD 10 Billion.The growth of the market is poised to grow on account of growing mining activities.

Furthermore, it is extensively being used in metal industries for the application of cutting, welding, and heat treatment. Hence, with the growing production of metal, the dissolved acetylene gas market growth is set to rise. In April–October 2022, the world produced around 40.67 million tonnes of aluminum metal compared to the 40.79 million tonnes that were consumed globally, creating a 0.12 million tonne market deficit.

Global Dissolved Acetylene Gas Market
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Author Credits:  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.
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