Acetylene Market Segmentation:
Application Segment Analysis
The welding segment is estimated to gain the largest market share over the projected time frame. attributed to the high flame temperature of acetylene that creates more intense heat and thus assists in creating a stronger weld on metals. Combustion of acetylene with oxygen produces an extreme flame of over 3,330°Celsius, which is highly suitable for welding and other metal works. which is estimated to boost the segment growth. In addition to this, increasing demand for welding products, along with the globally rising production of steel is also anticipated to surge the growth of the segment For instance, the worldwide production of crude steel increased from 1.875 billion metric tons in 2020 to 1.960 billion metric tons in 2021.
End-user Segment Analysis
The automotive segment is expected to garner a significant share, attributed to the surging production of automotive vehicles throughout the world. The demand for passenger and commercial vehicle is radically rising. This rising demand for vehicles is also fueling the utilization of acetylene at a larger scale as acetylene is highly used for making the body and other metallic parts of vehicles. Besides this, the metal fabrication segment is also anticipated to grasp a notable market share. The growth of this segment is credited to the escalating application of metalworking in various industries throughout the world. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the projected time frame
Our in-depth analysis of the global market includes the following segments:
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