Acetylene Gas Market Analysis

Acetylene Gas Market Analysis

To get key market trends

  Download Free Sample

Based on production process, the market is divided into calcium carbide, hydrocarbon pyrolysis and others. Calcium carbide held the dominant market value of USD 2.3 billion in 2023 and expected to reach around USD 3.7 billion by 2032. The process of producing acetylene gas from calcium carbide involves reacting calcium carbide with water, a relatively straightforward and well-established method. Also, calcium carbide plants are well-established across various regions, ensuring a stable and reliable supply chain for acetylene gas production. Another process such as hydrocarbon pyrolysis offer advantages in certain contexts, calcium carbide remains the dominant choice for many producers due to its long-standing presence, economic viability, and established infrastructure.
 

Based on application, the market is categorized into metalworking, chemical synthesis and other. Metalworking emerge as a dominant application segment, holding a significant market share of 55.3% in 2023 and expected to reach around 56.6% by 2032. Acetylene gas plays a crucial role in various metalworking applications, making it an indispensable component in the metal fabrication and welding industries. The portability and adaptability of acetylene-based systems further enhance its appeal, allowing metalworkers to carry out intricate fabrication tasks in diverse environments, from large-scale industrial plants to remote construction sites. Due to this, acetylene gas stands as an indispensable ally in metalworking, empowering craftsmen and industrialists alike with the tools necessary to achieve precision, quality, and efficiency in their endeavors.
 

Based on end use industry, the market is categorized into chemical industry, metal and fabrication, automotive industry and others. The Metal and fabrication segment hold the dominant market value of USD 1.7 billion in 2023 and expected to reach around 2 billion by 2032. Metal Fabrication is the process of building machines and structures from raw metal materials. The process includes cutting, burning, welding, machining, forming, and assembly to create final products. Moreover, the growing usage of metal fabrication in the construction industry coupled with the growing investment in the construction sector is set to fuel its market growth.
 

Asia Pacific dominated the global acetylene gas market in 2023. It generated a revenue of USD 1.3 billion in 2023 and expected to reach around 2.1 billion by 2032. The acetylene gas industry has shown notable expansion, which can be attributed to the emergence of fast emerging economies like China and India. The demand for acetylene gas in the area is anticipated to be driven by the rising use of sustainable manufacturing techniques and the expanding need for electronic gadgets. Asia Pacific's construction sector is another significant market customer, especially for applications involving cutting and welding.