Acetylene Gas Market Will Reach Usd 6.0 Billion in 2020: Market Research Store

Published By: Zion Research

Acetylene Gas Market for Chemical Production,
Welding & Cutting and Other Applications: Global
Industry Perspective, Comprehensive Analysis
and Forecast, 2014 – 2020

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Acetylene Gas Market

Zion Research has published a new report titled “Acetylene Market for Chemical Production,
Welding & Cutting and Other Applications: Global Industry Perspective, Comprehensive
Analysis and Forecast, 2014 – 2020.” According to the report, global demand for
acetylene gas was valued at around USD 5.0 billion in 2014 and is expected to reach
USD 6.0 billion in 2020, growing at a CAGR of around 3% between 2015 and 2020. In
terms of volume, the global acetylene gas market stood at 500.0 kilo tons in 2014.
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Acetylene is a highly flammable gas obtained from calcium carbide. Acetylene is
manufactured by partial combustion of methane. Acetylene gas is also obtained as
byproduct of reaction between calcium carbide and water. Acetylene gas is also produced
from hydrocarbon sources such as naphtha, crude oil and coal among others. It is also
obtained as a side product in the ethylene stream from cracking of hydrocarbons. Acetylene
is colorless and extremely explosive. Acetylene is mainly consumed as a fuel and chemical
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Acetylene Gas Market

building block. It is also used in welding and metal cutting and many other brazing
applications.
Acetylene market is primarily driven by strong demand from China. China accounted for
large volume consumption of acetylene. Strong industrial growth in China has been resulted
into rapid growth of acetylene in China. Acetylene is primarily used as...