LONDON--(BUSINESS WIRE)--Technavio has been monitoring the acetylene gas market and it is poised to grow by 105.13 mn t during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Air Products and Chemicals Inc., BASF SE, Coregas Pty Ltd, Dow Inc., Koatsu Gas Kogyo Co. Ltd., L Air Liquide SA, Linde plc, Premier Cryogenics Ltd., Saudi Basic Industries Corp., and SOL Spa are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The superior properties of acetylene have been instrumental in driving the growth of the market. However, the volatility in raw material prices might hamper the market growth.
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Acetylene Gas Market 2020-2024: Segmentation
Acetylene Gas Market is segmented as below:
Acetylene Gas Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The acetylene gas market report covers the following areas:
This study identifies the surge in application prospects as one of the prime reasons driving the acetylene gas market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.
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Acetylene Gas Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application by Volume
Customer Landscape
Geographic Landscape by Volume
Vendor Landscape
Vendor Analysis
Appendix
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