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Acetylene Gas Market Trends

Report ID: GMI8760
Published Date: Mar 2024
Report Format: PDF

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Acetylene Gas Market Trends

In recent years, the acetylene gas industry has seen a number of significant shifts. The growing usage of acetylene gas in a variety of end-use industries, including chemicals, metal fabrication, and automotive, is one notable development. The demand for acetylene gas for welding, cutting, and chemical synthesis applications has been rising as infrastructure development projects surge globally and industrialization continues throughout emerging economies. Further propelling the growth of the acetylene gas industry is the technological advancements in production methods, namely in the areas of hydrocarbon pyrolysis and calcium carbide manufacturing, which have improved the efficiency and affordability of acetylene gas production.

The market's trajectory is also being shaped by manufacturers' increased focus on sustainability and environmental issues, which is driving them to investigate greener production techniques and make investments in emission control technology.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for acetylene gas was valued at USD 3.8 Billion in 2023 and is anticipated to register a CAGR of over 5.3% through 2032, due to the extraordinary high flame temperature properties, making is essential in many metalworking processes, such as oxyacetylene cutting, heat treatment, soldering, brazing, and welding.

Metalworking segment held a significant market share of 55.3% in 2023 and expected to reach around 56.6% in 2032, favored by the portability and adaptability of acetylene-based systems, allowing metalworkers to carry out intricate fabrication tasks in diverse environments.

Asia Pacific acetylene gas market generated a revenue of USD 1.3 billion in 2023 and expected to reach around 2.1 billion by 2032, attributed to the rising use of sustainable manufacturing techniques.

Airgas, BASF SE, China Petroleum and Chemical Corporation, Dow Chemical Company, Ellenbarrie industrial Gases, Gulf Cyro, Komatsu Gas, Linde Group, Matheson Tri-Gas, Inc., Messer Canada Inc., Praxair Technology Inc, Sichuan Vinylon, SINOPEC, and Toho Acetylene.