The global acetylene gas market size reached US$ 5.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 6.9 Billion by 2028, exhibiting a CAGR of 2.64% during 2022-2028.
Acetylene is a colourless combustible gas that is produced through the combination of calcium carbonate and water. It can also be generated using hydrocarbons, such as coal, crude oil, and naphtha, and becomes highly explosive when it is liquified, compressed, heated or mixed with air. This gas is most commonly used as an intermediate for the manufacturing of chemicals and cutting and welding functions in metalworking applications. It is also used for the manufacturing of commercial dry-cell batteries and acetylic alcohols and finds extensive applications across various industries, including chemical, automotive, transportation, aerospace and pharmaceutical.
The market is primarily being driven by the significant growth in the chemical industry, along with rapid industrialization across the globe. Owing to its high flame-temperature properties, acetylene gas is extensively used for various metalworking applications, including oxyacetylene cutting, heat treating, soldering, brazing and welding. In comparison to the traditionally used oxygen-based fuels, the combination of oxyacetylene provides faster piercing and preheating. This offers improved cutting quality, speed and cut initiation time, thereby leading to enhanced efficiency and widespread utilization of the gas across industries. Furthermore, acetylene gas is also utilized for the synthesis of various chemicals, such as acetic anhydride, acetic acid and acetaldehyde. Apart from this, it finds applications in the glass and materials processing industries for carbon coating as it aids in creating lubrication between the material surfaces. Other factors, including extensive research and development (R&D) activities focused on generating the gas from biogas and other bio-based fuels, are also providing a boost to the market growth.
Acetylene is a colourless combustible gas that is produced through the combination of calcium carbonate and water. It can also be generated using hydrocarbons, such as coal, crude oil, and naphtha, and becomes highly explosive when it is liquified, compressed, heated or mixed with air. This gas is most commonly used as an intermediate for the manufacturing of chemicals and cutting and welding functions in metalworking applications. It is also used for the manufacturing of commercial dry-cell batteries and acetylic alcohols and finds extensive applications across various industries, including chemical, automotive, transportation, aerospace and pharmaceutical.
The market is primarily being driven by the significant growth in the chemical industry, along with rapid industrialization across the globe. Owing to its high flame-temperature properties, acetylene gas is extensively used for various metalworking applications, including oxyacetylene cutting, heat treating, soldering, brazing and welding. In comparison to the traditionally used oxygen-based fuels, the combination of oxyacetylene provides faster piercing and preheating. This offers improved cutting quality, speed and cut initiation time, thereby leading to enhanced efficiency and widespread utilization of the gas across industries. Furthermore, acetylene gas is also utilized for the synthesis of various chemicals, such as acetic anhydride, acetic acid and acetaldehyde. Apart from this, it finds applications in the glass and materials processing industries for carbon coating as it aids in creating lubrication between the material surfaces. Other factors, including extensive research and development (R&D) activities focused on generating the gas from biogas and other bio-based fuels, are also providing a boost to the market growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global acetylene gas market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on production method and application.Breakup by Production Method:
- Calcium Carbide
- Hydrocarbon Pyrolysis
Breakup by Application:
- Chemical Synthesis
- Welding and Cutting
- Metal Fabrication
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Airgas, Inc., BASF SE, China Petroleum and Chemical Corporation, Gulf Cyro, Hebei Xingyu Chemical Co. Ltd., Ilmo Products Company, Linde Plc, Praxair, Inc., Shandong Xinlong Group Co. Ltd., Suzhou Jinhong Gas Co. Ltd., Dow Chemical Company, Toho Acetylene Co. Ltd., etc.Key Questions Answered in This Report:
- What was the size of the global acetylene gas market in 2022?
- What is the expected growth rate of the global acetylene gas market during 2023-2028?
- What are the key factors driving the global acetylene gas market?
- What has been the impact of COVID-19 on the global acetylene gas market?
- What is the breakup of the global acetylene gas market based on the production method?
- What is the breakup of the global acetylene gas market based on the application?
- What are the key regions in the global acetylene gas market?
- Who are the key players/companies in the global acetylene gas market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Acetylene Gas Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Production Method
6.1 Calcium Carbide
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hydrocarbon Pyrolysis
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Chemical Synthesis
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Welding and Cutting
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Metal Fabrication
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Indicators
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Airgas, Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 BASF SE
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 China Petroleum and Chemical Corporation
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Gulf Cyro
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Hebei Xingyu Chemical Co. Ltd.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Ilmo Products Company
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Linde Plc
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Praxair Inc.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Shandong Xinlong Group Co. Ltd.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Suzhou Jinhong Gas Co. Ltd.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Dow Chemical Company
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 Toho Acetylene Co. Ltd.
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
List of Figures
Figure 1: Global: Acetylene Gas Market: Major Drivers and Challenges
Figure 2: Global: Acetylene Gas Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Acetylene Gas Market: Breakup by Production Method (in %), 2022
Figure 4: Global: Acetylene Gas Market: Breakup by Application (in %), 2022
Figure 5: Global: Acetylene Gas Market: Breakup by Region (in %), 2022
Figure 6: Global: Acetylene Gas Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Acetylene Gas (Calcium Carbide) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Acetylene Gas (Calcium Carbide) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Acetylene Gas (Hydrocarbon Pyrolysis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Acetylene Gas (Hydrocarbon Pyrolysis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Acetylene Gas (Chemical Synthesis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Acetylene Gas (Chemical Synthesis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Acetylene Gas (Welding and Cutting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Acetylene Gas (Welding and Cutting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Acetylene Gas (Metal Fabrication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Acetylene Gas (Metal Fabrication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Acetylene Gas (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Acetylene Gas (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: United States: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: United States: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Canada: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Canada: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Asia Pacific: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Asia Pacific: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: China: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: China: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Japan: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Japan: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: India: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: India: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: South Korea: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: South Korea: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Australia: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Australia: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Indonesia: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Indonesia: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Others: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Others: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Europe: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Europe: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Germany: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Germany: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: France: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: France: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: United Kingdom: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: United Kingdom: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Italy: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Italy: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Spain: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Spain: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Russia: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Russia: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Others: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Others: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Latin America: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Latin America: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Brazil: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Brazil: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Mexico: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Mexico: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Middle East and Africa: Acetylene Gas Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Middle East and Africa: Acetylene Gas Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Global: Acetylene Gas Industry: SWOT Analysis
Figure 68: Global: Acetylene Gas Industry: Value Chain Analysis
Figure 69: Global: Acetylene Gas Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Acetylene Gas Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Acetylene Gas Market Forecast: Breakup by Production Method (in Million US$), 2023-2028
Table 3: Global: Acetylene Gas Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Acetylene Gas Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Acetylene Gas Market: Competitive Structure
Table 6: Global: Acetylene Gas Market: Key Players
Companies Mentioned
- Airgas Inc.
- BASF SE
- China Petroleum and Chemical Corporation
- Gulf Cyro
- Hebei Xingyu Chemical Co. Ltd.
- Ilmo Products Company
- Linde Plc
- Praxair Inc.
- Shandong Xinlong Group Co. Ltd.
- Suzhou Jinhong Gas Co. Ltd.
- Dow Chemical Company
- Toho Acetylene Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | March 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 5.9 Billion |
| Forecasted Market Value ( USD | $ 6.9 Billion |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
