What are the latest figures on the acetylene market’s size and projected CAGR?
The acetylene market size has grown strongly in recent years. It will grow from $11.52 billion in 2024 to $12.32 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growing industrialization, booming infrastructure development, growing construction industry, demand for chemical manufacturing,.
The acetylene market size is expected to see strong growth in the next few years. It will grow to $16.94 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to growing renewable energy, growing aerospace and defense industry, expanding the electronics industry, growing demand for acetylene for medical applications. Major trends in the forecast period include digitization and automation, hybrid welding technologies, recycling acetylene gas, acetylene substitutes, green hydrogen production.
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Which Market drivers have played a significant role in driving the acetylene market?
The acetylene market is expected to be driven by the growing applications of acetylene across various industries. Acetylene is used as a raw material for the production of different organic chemicals, including 1,4-butanediol, which is widely used in the preparation of polyurethane and polyester plastics. Acetylene is also used as the fuel in oxyacetylene welding and metal cutting.
What are the key segments within the acetylene market?
The acetylene market covered in this report is segmented –
1) By Type: Calcium Carbide Production, Thermal Cracking Process
2) By Application: Automotive, Metal fabrication, Aerospace, Pharmaceutical, Other Applications
3) By Sales Channel: Direct Company Sale, Direct Import, Distributors & Traders
Subsegments:
1) By Calcium Carbide Production: Electric Arc Furnace Method, Carburizing Furnace Method
2) By Thermal Cracking Process: Partial Oxidation, Non-Oxidative Cracking
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Which key players are shaping the acetylene market?
Major companies operating in the acetylene market include BASF SE, Gulf Cryo, Linde plc, Praxair Inc., Sinopec, Chengdu Xinju Chemical Co. Ltd., ILMO Products Company, Suzhou Jinhong Gas Co. Ltd, Toho Acetylene Co. Ltd, Xinglong Group, Xinju Chemical Co. Ltd, Airgas, Ho Tung Chemical, Markor, Lutianhua, Jiuce Group, JinHong Gas, Xinlong Group, Dow Company, Dongxiang Gas, Sichuan Vinylon, Air Products and Chemicals Inc, Air Liquide, Linde, Air Products and Chemicals, Matheson Gas, Messer Group, SIG Gases Berhad, SOL Spa, Cee Kay Supply, Mississippi Welders Supply, Red Ball Oxygen, Hohman Plating & Manufacturing, Roberts Oxygen Company, Southern Gas & Supply, CO2 Masters, Rocky Mountain Air Solutions, Spec Air, Purity Cylinder Gases, The Archer Group, Welders Supply and Equipment, Metro Welding Supply, Delille Oxygen Company, Cryogas, A-OX Welding Supply, Cryostar Industries, Complete Welders Supply, Penn-Air & Hydraulics Corp.
Which transformative trends will shape the acetylene market landscape?
Many chemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real-time insights and locate gaps in the manufacturing process. The data obtained through these devices is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. Major industrial gas manufacturers adopting IoT technology include Praxair-Linde and Air Products.
How do regional factors impact the acetylene market, and which region is the largest contributor?
Asia-Pacific was the largest region in the acetylene market in 2023. North America was the second-largest region in the global acetylene market. The regions covered in the acetylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Acetylene Market Report 2025 Offer?
The acetylene market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Acetylene is a colorless, combustible gas with a distinctive odor. It is the only fuel gas that can be used for welding. Acetylene is the simplest alkyne and a hydrocarbon that is generally handled as a solution due to its unstable form.
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