Acetylene Gas Market size was valued at USD 3,650.4 Million in 2022, expanding at a CAGR of 6.1% from 2023 to 2030.
Acetylene gas is a colorless, highly flammable gas used in various industrial applications. It's composed of carbon and hydrogen and is produced through the chemical reaction between calcium carbide and water. Acetylene is stored in high-pressure cylinders, often dissolved in a solvent, acetone, which reduces its volatility and ensures stability during storage. This gas is widely employed in welding, cutting, and brazing processes due to its high flame temperature, making it suitable for metalworking applications. Additionally, it serves as a raw material in the chemical industry for synthesizing numerous organic compounds and is an essential component in the production of plastics and various other materials.
Acetylene Gas Market- Market Dynamics
Its rising demand across various industries like chemical manufacturing, metal fabrication, and automotive manufacturing to propel market demand
The market for acetylene is primarily propelled by its rising demand across various industries like chemical manufacturing, metal fabrication, and automotive manufacturing. This gas finds extensive application as a fuel gas for cutting, welding, and brazing due to its high flame temperature and swift ignition. The surge in demand for metal cutting and welding applications is expected to further boost the market, while the healthcare sector is emerging as another significant driver, leveraging acetylene's application in treating medical conditions like hypertension and angina. In the United States, the metalworking industry is a major driver for acetylene use, primarily in metal cutting, welding, and brazing applications, owing to its high flame temperature and versatility. The growing number of metal fabrication and manufacturing units in the country is anticipated to further fuel market growth.
Acetylene Gas Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.1% over the forecast period (2023-2030)
Based on application segmentation, metal working was predicted to show maximum market share in the year 2022
Based on End Use segmentation, transportation was the leading type in 2022
On the basis of region, North America was the leading revenue generator in 2022
Acetylene Gas Market- Segmentation Analysis:
The Global Acetylene Gas Market is segmented on the basis of Application, End Use, and Region.
The market is divided into four categories based on application: Metal working, Lamps, Chemicals and Others. The metal working application segment dominated the market share in 2022, attributing its dominance to acetylene's extensive use in welding, cutting, and brazing within the metalworking industry due to its high flame temperature and swift ignition. The escalating demand in metal fabrication and manufacturing is poised to augment the need for acetylene gas in this sector. Additionally, acetylene gas is widely employed in lamp production, especially in carbide lamps for outdoor activities like mining and caving. Known for their robust performance in harsh environments, these lamps are increasingly favored as sustainable lighting solutions, boosting demand in the lamps industry.
The market is divided into five categories based on End Use: Transportation, Building & Construction, Electric & Electronics, Pharmaceutical and Others. Based on end users, the market was predominantly led by transportation, garnering a substantial revenue share in 2022. This prominence is due to its use in oxy-fuel welding and cutting processes employed in welding or cutting metals. The method involves heating the metal with an oxy-fuel torch to its ignition point, followed by oxygen to cut through the metal. Acetylene gas, known for its high flame temperature and quick ignition, is a popular fuel gas in this process. The increasing demand for vehicles and the rise in lightweight materials in the automotive industry are anticipated to propel the demand for acetylene gas in the transportation sector.
Acetylene Gas Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Acetylene Gas Market- Competitive Landscape:
The acetylene gas market witnesses fierce competition among major players aiming to expand their presence globally by diversifying their product portfolios and penetrating new regions. These manufacturing entities strategically form partnerships and distribution agreements to meet the surging demand for their offerings in untapped geographical markets.
Recent Developments:
In 2022, The Luxembourg-based company Orion Engineered Carbons S.A. suggested establishing a specialized production plant in the United States. This facility will manufacture product-based conductive additives, crucial components in the supply channel for high-voltage cables, lithium-ion batteries, and other vital items in the worldwide shift to electrification and renewable energy sources.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ACETYLENE GAS MARKET KEY PLAYERS
BASF SE
Airgas
Gulf Cyro
China Petroleum and Chemical Corporation
Linde Group
SINOPEC
Praxair Process Inc.
Dow Chemical Company
Toho Acetylene
Sichuan Vinylon
Others
GLOBAL ACETYLENE GAS MARKET, BY APPLICATION
Metal working
Lamps
Chemicals
Others
GLOBAL ACETYLENE GAS MARKET, BY END USE
Transportation
Building & Construction
Electric & Electronics
Pharmaceutical
Others
GLOBAL ACETYLENE GAS MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Acetylene Gas Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Acetylene Gas Market Snippet by Application
2.1.2. Acetylene Gas Market Snippet by End Use
2.1.3. Acetylene Gas Market Snippet by Country
2.1.4. Acetylene Gas Market Snippet by Region
2.2. Competitive Insights
3. Acetylene Gas Key Market Trends
3.1. Acetylene Gas Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Acetylene Gas Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Acetylene Gas Market Opportunities
3.4. Acetylene Gas Market Future Trends
4. Acetylene Gas Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Acetylene Gas Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Acetylene Gas Market Landscape
6.1. Acetylene Gas Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Acetylene Gas Market - By Application
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2022 & 2030 (%)
7.1.2. Metal working
7.1.3. Lamps
7.1.4. Chemicals
7.1.5. Others
8. Acetylene Gas Market - By End Use
8.1. Overview
8.1.1. Segment Share Analysis, By End Use, 2022 & 2030 (%)
1.1.1. Transportation
1.1.2. Building & Construction
1.1.3. Electric & Electronics
1.1.4. Pharmaceutical
1.1.5. Others
9. Acetylene Gas Market- By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2022 & 2030 (%)
9.2. North America
9.2.1. Overview
9.2.2. Acetylene Gas Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.2.4. North America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.2.5. North America Market Size and Forecast, By End Use, 2018 - 2030 (US$ Million)