Acetylene Market Size (2024 - 2029)

The acetylene market is projected to experience growth over the forecast period, driven by sustained demand in global metalworking and chemical industries. Despite challenges such as stringent environmental regulations and the availability of alternatives in welding and cutting applications, the market is expected to expand, with opportunities arising from its use in scientific research. The Asia-Pacific region leads in market consumption, particularly in countries like China and India.

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Market Size of Acetylene Industry

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Acetylene Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 2.54 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Acetylene Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Acetylene Market Analysis

The Acetylene Market size is estimated at 11.68 Million tons in 2024, and is expected to reach 13.24 Million tons by 2029, growing at a CAGR of 2.54% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the demand for acetylene. The lockdown in various countries led to supply chain constraints that significantly obstructed the expansion of the industry. However, the market recovered last year, and it is expected to grow at a significant rate during the forecast period.

  • The major factors driving the market studied include the continuous demand in global metalworking industries and increasing demand from the chemical industry.
  • However, stringent environmental regulations due to the harmful effects of acetylene at higher concentrations are expected to act as a restraint in the market. Moreover, the alternatives of acetylene in welding and cutting applications may also hinder market growth.
  • Furthermore, the application of acetylene gas for various scientific research is likely to act as an opportunity for the market studied over the forecast period.
  • The Asia-Pacific dominated the market across the world, with the largest consumption from countries like China and India.

Acetylene Industry Segmentation

Acetylene (also called ethyne) is an alkyne organic compound and a colorless, inflammable gas widely used as a fuel in oxyacetylene welding and cutting of metals and as a raw material in synthesizing many organic chemicals and plastics.

The acetylene market is segmented by application and geography. On the basis of application, the market is segmented into metalworking, chemical raw materials, and other applications. The report also covers the market size and forecasts for the acetylene market in 15 countries across major regions. It offers market size and forecasts in terms of volume (tons) for all the above segments.

By Application
Metal Working
Chemical Raw Materials
Other Applications
By Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Acetylene Market Size Summary

The acetylene market is poised for growth, driven by its essential applications in metalworking and the chemical industry. Acetylene's high flame temperature makes it a preferred choice for welding, cutting, and soldering, which are crucial in industries such as automotive, aerospace, and metal fabrication. Additionally, acetylene serves as a vital raw material in producing various organic compounds, supporting its demand in the chemical sector. Despite challenges posed by stringent environmental regulations and the availability of alternatives, the market is expected to expand, with significant opportunities arising from its use in scientific research. The Asia-Pacific region, particularly China and India, dominates the market due to its robust industrial activities and increasing demand for chemical intermediates.

The market landscape is characterized by fragmentation, with major players like BASF SE, Praxair Technology Inc., Gulf Cryo, Linde PLC, and Air Liquide actively participating. Recent developments, such as joint ventures and new production facilities, indicate a strategic focus on enhancing production capabilities and exploring new applications, such as in lithium-ion batteries and renewable energy. The market's recovery from the COVID-19 pandemic and its anticipated growth are further supported by the ongoing industrialization and infrastructure development in key regions, particularly in Asia-Pacific, where demand for acetylene is expected to rise significantly over the forecast period.

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Acetylene Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Preference for Acetylene as a Fuel Gas

      2. 1.1.2 Increasing Demand from the Chemical Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Acetylene Alternatives for Welding and Cutting

      2. 1.2.2 Health Hazards Of Oxy-acetylene Cutting And Welding

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 By Application

      1. 2.1.1 Metal Working

      2. 2.1.2 Chemical Raw Materials

      3. 2.1.3 Other Applications

    2. 2.2 By Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle East and Africa

Acetylene Market Size FAQs

The Acetylene Market size is expected to reach 11.68 million tons in 2024 and grow at a CAGR of 2.54% to reach 13.24 million tons by 2029.

In 2024, the Acetylene Market size is expected to reach 11.68 million tons.

Acetylene Market Report Snapshots

Acetylene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)