Market Overview:
The global high-pressure acetylene cylinder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for acetylene in various applications such as factories, scientific research field, and others. In terms of type, the market is segmented into 40L capacity segments. Among these segments, the 10 L-40 L capacity segment is expected to witness highest growth rate during the forecast period owing to its growing demand from various end user industries. Geographically, North America dominates the global high pressure acetylene cylinder market followed by Europe and Asia Pacific region respectively.
Product Definition:
A high-pressure acetylene cylinder is a container used to store compressed acetylene gas. Acetylene is a combustible gas that can be used to weld and cut metal. A high-pressure acetylene cylinder is typically made of steel and has a capacity of between 10 and 50 cubic feet.
Capacity:
Capacity: 10L-40L:
The global high-pressure acetylene cylinder market size was valued at USD 6.5 billion in 2016 and is expected to witness a growth of 5.9% over the forecast period. The increasing demand for these products from various end-use industries such as oil & gas, petrochemical, and power generation is anticipated to drive the industry growth over the forecast period.
Growing concerns regarding energy security across North America.
Application Insights:
The global high-pressure acetylene cylinder market is segmented on the basis of application into factory, scientific research field and others. The factory was the largest application segment in 2017 and accounted for over 60% of total demand. Growing industrialization coupled with rising construction activities across developing countries such as India, China and Brazil are expected to drive demand for HPA cylinders from 2018 to 2030.
Acetylene is widely used in various industries including oil & gas, food processing, textiles among others owing to its properties such as low toxicity level along with being nonflammable and having a higher flash point compared other gases making it suitable for use in manufacturing processes that require these characteristics of the gas. These factors have led acetylene usage within factories which resulted in driving growth of this segment during recent years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for high-pressure acetylene cylinders in industries, such as metal manufacturing, oil & gas, and automotive. The region has witnessed significant growth in automobile production over the past few years due to strong economic growth and this trend is expected to continue over the forecast period.
The growing number of end-use industries coupled with rapid industrialization across emerging economies such as China and India are anticipated to drive product demand in Asia Pacific region. In addition, rising awareness regarding workplace safety coupled with stringent regulations by various regulatory bodies pertaining workplace safety standards are further anticipated boost industry penetration rates over the next eight years ending on 28 August 2020 in Europe Union countries.
Growth Factors:
- Increasing demand for acetylene in various end-use industries such as automotive, aerospace, and metal fabrication is expected to drive the growth of the high-pressure acetylene cylinder market during the forecast period.
- The increasing use of high-pressure acetylene cylinders in welding applications is another major factor that is expected to fuel the growth of this market during the forecast period.
- The growing demand for lightweight and portable cylinders is also projected to boost the growth of this market in the near future.
- Stringent government regulations regarding safe handling and storage of gas cylinders are likely to create new opportunities for players operating in this market during the forecast period. 5) Technological advancements that have led to development of advanced products such as smart valves are anticipated to provide impetus tothegrowthofthehigh-pressureacetylenecylindermarketduringtheforecastperiod
Scope Of The Report
Report Attributes
Report Details
Report Title
High-pressure Acetylene Cylinder Market Research Report
By Type
Capacity: <10L, Capacity: 10L-40L, Capacity: >40L
By Application
Factory, Scientific Research Field
By Companies
Norris Cylinder, Worthington, MNKgases, Cyl-Tec, ECS, JAI MARUTI GAS, BOC(Linde), Tianhai, Henan Shenghui, Henan Saite, Ningbo Meike
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global High-pressure Acetylene Cylinder Market Report Segments:
The global High-pressure Acetylene Cylinder market is segmented on the basis of:
Types
Capacity: <10L, Capacity: 10L-40L, Capacity: >40L
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Factory, Scientific Research Field
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Norris Cylinder
- Worthington
- MNKgases
- Cyl-Tec
- ECS
- JAI MARUTI GAS
- BOC(Linde)
- Tianhai
- Henan Shenghui
- Henan Saite
- Ningbo Meike
Highlights of The High-pressure Acetylene Cylinder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Capacity: <10L
- Capacity: 10L-40L
- Capacity: >40L
- By Application:
- Factory
- Scientific Research Field
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High-pressure Acetylene Cylinder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high-pressure acetylene cylinder is a cylinder used to hold acetylene gas at a pressure above atmospheric pressure.
Some of the major companies in the high-pressure acetylene cylinder market are Norris Cylinder, Worthington, MNKgases, Cyl-Tec, ECS, JAI MARUTI GAS, BOC(Linde), Tianhai, Henan Shenghui, Henan Saite, Ningbo Meike.
The high-pressure acetylene cylinder market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-pressure Acetylene Cylinder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High-pressure Acetylene Cylinder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-pressure Acetylene Cylinder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High-pressure Acetylene Cylinder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High-pressure Acetylene Cylinder Market Size & Forecast, 2018-2028
4.5.1 High-pressure Acetylene Cylinder Market Size and Y-o-Y Growth
4.5.2 High-pressure Acetylene Cylinder Market Absolute $ Opportunity
Chapter 5 Global High-pressure Acetylene Cylinder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High-pressure Acetylene Cylinder Market Size Forecast by Type
5.2.1 Capacity: <10L
5.2.2 Capacity: 10L-40L
5.2.3 Capacity: >40L
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High-pressure Acetylene Cylinder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High-pressure Acetylene Cylinder Market Size Forecast by Applications
6.2.1 Factory
6.2.2 Scientific Research Field
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-pressure Acetylene Cylinder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High-pressure Acetylene Cylinder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High-pressure Acetylene Cylinder Analysis and Forecast
9.1 Introduction
9.2 North America High-pressure Acetylene Cylinder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High-pressure Acetylene Cylinder Market Size Forecast by Type
9.6.1 Capacity: <10L
9.6.2 Capacity: 10L-40L
9.6.3 Capacity: >40L
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High-pressure Acetylene Cylinder Market Size Forecast by Applications
9.10.1 Factory
9.10.2 Scientific Research Field
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High-pressure Acetylene Cylinder Analysis and Forecast
10.1 Introduction
10.2 Europe High-pressure Acetylene Cylinder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High-pressure Acetylene Cylinder Market Size Forecast by Type
10.6.1 Capacity: <10L
10.6.2 Capacity: 10L-40L
10.6.3 Capacity: >40L
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High-pressure Acetylene Cylinder Market Size Forecast by Applications
10.10.1 Factory
10.10.2 Scientific Research Field
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High-pressure Acetylene Cylinder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High-pressure Acetylene Cylinder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High-pressure Acetylene Cylinder Market Size Forecast by Type
11.6.1 Capacity: <10L
11.6.2 Capacity: 10L-40L
11.6.3 Capacity: >40L
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High-pressure Acetylene Cylinder Market Size Forecast by Applications
11.10.1 Factory
11.10.2 Scientific Research Field
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High-pressure Acetylene Cylinder Analysis and Forecast
12.1 Introduction
12.2 Latin America High-pressure Acetylene Cylinder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High-pressure Acetylene Cylinder Market Size Forecast by Type
12.6.1 Capacity: <10L
12.6.2 Capacity: 10L-40L
12.6.3 Capacity: >40L
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High-pressure Acetylene Cylinder Market Size Forecast by Applications
12.10.1 Factory
12.10.2 Scientific Research Field
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High-pressure Acetylene Cylinder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High-pressure Acetylene Cylinder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High-pressure Acetylene Cylinder Market Size Forecast by Type
13.6.1 Capacity: <10L
13.6.2 Capacity: 10L-40L
13.6.3 Capacity: >40L
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High-pressure Acetylene Cylinder Market Size Forecast by Applications
13.10.1 Factory
13.10.2 Scientific Research Field
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High-pressure Acetylene Cylinder Market: Competitive Dashboard
14.2 Global High-pressure Acetylene Cylinder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Norris Cylinder
14.3.2 Worthington
14.3.3 MNKgases
14.3.4 Cyl-Tec
14.3.5 ECS
14.3.6 JAI MARUTI GAS
14.3.7 BOC(Linde)
14.3.8 Tianhai
14.3.9 Henan Shenghui
14.3.10 Henan Saite
14.3.11 Ningbo Meike
