Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale and Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Acetylene Gas Market Size is Expected to Grow from USD 5.8 Billion in 2023 to USD 7.6 Billion by 2033, at a CAGR of 2.74% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Acetylene Gas Market Size, Share, and COVID-19 Impact Analysis, By Production Method (Calcium Carbide and Hydrocarbon Pyrolysis), By Application (Chemical Synthesis, Welding & Cutting, Metal Fabrication, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The acetylene gas market refers to the global industry involved in the production, distribution, and sale of acetylene gas, a colourless, flammable gas primarily used as a fuel in welding, cutting, and other industrial processes. Acetylene is produced by the reaction of calcium carbide with water and is one of the most energy-efficient gases for these applications. Moreover, the acetylene gas market is driven by increasing demand in welding and metal cutting industries, particularly in construction, automotive, and shipbuilding. Its high-temperature flame efficiency makes it essential for precision applications. Additionally, growing industrialization, infrastructure development, and rising demand for acetylene in chemical production contribute to market growth. However, the acetylene gas market faces restraints such as safety concerns related to its flammability, strict regulatory standards, competition from alternative gases like propane, and the high cost of production and storage.
The calcium carbide segment accounted for the largest share of the global acetylene gas market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the production method, the global acetylene gas market is divided into calcium carbide and hydrocarbon pyrolysis. Among these, the calcium carbide segment accounted for the largest share of the global acetylene gas market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This traditional process involves reacting calcium carbide with water to produce acetylene gas. It is widely adopted due to its simplicity and cost-effectiveness, particularly in regions with established infrastructure and access to raw materials.
The chemical synthesis segment accounted for a substantial share of the global acetylene gas market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the application, the global acetylene gas market is divided into chemical synthesis, welding & cutting, metal fabrication, and others. Among these, the chemical synthesis segment accounted for a substantial share of the global acetylene gas market in 2023 and is anticipated to grow rapidly during the projected period. Acetylene's high reactivity makes it a valuable building block for producing chemicals like vinyl chloride, acetic acid, and acetaldehyde. Its versatility in organic synthesis drives substantial demand in the chemical industry.
Asia Pacific is projected to hold the largest share of the global acetylene gas market over the projected period.
Asia Pacific is projected to hold the largest share of the global acetylene gas market over the projected period. This is driven by strong demand in industrial sectors like manufacturing, construction, and chemical production, particularly in China and India. The region’s rapid industrialization, infrastructure development, and growing chemical industries contribute to its dominant market position.
North America is expected to grow at the fastest CAGR of the global acetylene gas market during the projected period. This is largely due to significant demand from the welding, metal fabrication, and chemical synthesis industries in the U.S. and Canada. The region's advanced industrial infrastructure, manufacturing activities, and high demand for acetylene in various applications drive market growth.
Company Profiling
Major vendors in the global acetylene gas market are Sichuan Vinylon, BASF SE, Airgas, Gulf Cyro, China Petroleum and Chemical Corporation, Linde Group, SINOPEC, Praxair Technology Inc., Dow Chemical Company, Toho Acetylene., and others.
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global Acetylene Gas market based on the below-mentioned segments:
Global Acetylene Gas Market, By Production Method
Global Acetylene Gas Market, By Application
Global Acetylene Gas Market, By Regional
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