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Acetylene Market Size, Share, Trends Analysis, Segments, Top Players And Forecast To 2032
Acetylene Market Analysis
The Business Research Company's Acetylene Global Market Report 2023 identifies growing applications of acetylene across various industries as the major driver for the acetylene market's growth in the forecast period. Acetylene is used as a raw material for the production of different organic chemicals, including 1,4-butanediol, which is widely used in the preparation of polyurethane and polyester plastics. Acetylene is also used as the fuel in oxyacetylene welding and metal cutting.
The global acetylene market size will 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 market size of the global acetylene is expected to grow from $13.97 billion in 2027 at a CAGR of 6.0%.
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Major competitors in the acetylene market are BASF SE, Gulf Cryo, Linde, Praxair Technology, Inc., SINOPEC, Chengdu Xinju Chemical Co. Ltd., ILMO Products Company.
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https://www.thebusinessresearchcompany.com/report/acetylene-global-market-report
The acetylene market is segmented -
1) By Type: Calcium Carbide Production, Thermal Cracking Process
2) By Application: Automotive, Metal fabrication, Aerospace, Pharmaceutical, Other Applications
3) By Sales Channel: Direct Company Sale, Direct Import, Distributors & Traders
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the acetylene market.
The Business Research Company's "Global Acetylene Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Acetylene Market Include:
1. Executive Summary
2. Acetylene Market Characteristics
3. Acetylene Market - Macro Economic Scenario
4. Acetylene Market Size And Growth
5. Acetylene Market Segmentation
……
27. Key Mergers And Acquisitions In The Acetylene Market
28. Acetylene Market Trends And Strategies
29. Acetylene Market Future Outlook and Potential Analysis
30. Appendix
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