The Europe Acetylene Gas Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 404.3 Kilo Tonnes, showcasing a growth of 5.1% (2019-2022).
Acetylene remains a cornerstone of the metalworking and fabrication industries. Its high flame temperature, combined with oxygen, enables efficient cutting and welding of metals, making it a crucial tool in construction, automotive, and shipbuilding. Acetylene serves as a precursor for the production of a variety of chemicals, including ethylene, vinyl chloride, and acetic acid. These chemicals are essential in the manufacturing of plastics, synthetic rubbers, and pharmaceuticals.
Historically, acetylene was used for lighting carbide lamps. While this application has become less common, it played a significant role in the past. Acetylene-based flame spray coating is used for surface treatments in industries such as aerospace, where it enhances the durability and performance of materials. Acetylene is used as a fuel in atomic absorption spectrophotometry and flame emission spectroscopy for trace metal analysis. Acetylene is used in portable lamps and signaling devices because it produces bright, white light. In combination with oxygen, acetylene is used in medical welding for procedures such as dental work and prosthetic repairs. Acetylene is a fuel gas in thermal spray processes, contributing to applying protective coatings on various surfaces. In some instances, acetylene is used to generate power for internal combustion engines and gas turbines.
The European automotive industry is a substantial contributor to the region's economy. It accounts for a significant portion of the European Union's manufacturing output. It is a major driver of both economic growth and innovation. European automakers are globally competitive, producing many vehicles, from compact cars to luxury brands. The industry is known for its emphasis on quality, safety, and advanced engineering. Europe exports a significant number of vehicles to countries around the world. Germany, in particular, is a major exporter of automobiles, with brands like Volkswagen, BMW, and Mercedes-Benz being recognized globally.
In addition, the European automotive sector is renowned for creating various automobiles, including electric, sports, luxury, and compact cars. European manufacturers are at the forefront of EV technology and producing cutting-edge features. As per the data provided by the International Trade Administration, in 2020, the automotive sector’s turnover was €106.1 billion, 11% of Italy’s manufacturing turnover and 6.2% of Italy’s GDP. Thus, an increase in the sales of motor vehicles and automotive sector investments in Europe will drive the demand in the regional market.
The Germany market dominated the Europe Acetylene Gas Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $302.6 Million by 2030. The UK market is showcasing a CAGR of 4.4% during (2023 - 2030). Additionally, The France market would register a CAGR of 6% during (2023 - 2030).
Based on Application, the market is segmented into Metal Working, Chemicals, Lamps, and Others. Based on End-Use, the market is segmented into Transportation, Electric & Electronics, Building & Construction, Pharmaceutical, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Acetylene Gas Market will Hit USD 5.3 Billion by 2030, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Airgas, Inc. (L’AIR LIQUIDE S.A.), Gulf Cryo, Linde plc, The Dow Chemical Company, Asia Technical Gas Co (Pte) Ltd, Jinhong Gas Co., Ltd, Koatsu Gas Kogyo Co., Ltd., Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings), and Butler Gas Products Company.
By Application(Volume, Kilo Tonnes, USD Million, 2019-2030)
By End-Use (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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