The Global Acetylene Gas Market size is expected to reach $5.3 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,032.4 Kilo Tonnes, experiencing a growth of 5.3% (2019-2022).
As construction and infrastructure projects expand, the demand for acetylene gas for cutting and welding operations rises. This increases sales and revenue for acetylene gas manufacturers and suppliers, positively impacting their financial performance. Thus, the Building & Construction segment would procure approximately 28% share of the market by 2030. Construction and infrastructure projects are long-term endeavors, ensuring a steady and consistent demand for acetylene gas. The construction and infrastructure sectors often require specific cutting and welding solutions, which can lead to the development of specialized acetylene gas products and applications. This diversification can open up new opportunities and revenue streams for the industry. Some of the factors impacting the market are continuous expansion of the industrial sector, rising usage of acetylene gas in the energy sector, and advances in alternative welding and cutting technologies.
Acetylene gas is an essential component in numerous industrial processes. It is used in the manufacturing of various chemicals, especially in the production of plastics, rubber, and pharmaceuticals. As industrial sectors expand, there's a heightened demand for these products, subsequently increasing the need for acetylene gas. Acetylene is a critical fuel gas for oxy-acetylene welding and cutting, widely used in metal fabrication. With the industrial sector's expansion, the demand for metal fabrication increases, further propelling the demand for acetylene gas. As the need for alternative energy sources and power generation expands, so does the demand for acetylene gas. Additionally, As the energy sector grows and invests in infrastructure, there is a higher demand for acetylene gas for welding, cutting, and maintenance of pipelines and related facilities. This increased demand directly boosts sales and revenue for acetylene gas manufacturers and suppliers. The surge in demand for acetylene gas leads to revenue growth for companies in the industry. A growing energy sector can expand the overall acetylene gas market. A larger market size attracts more participants, encouraging competition and stimulating innovation, product quality, and service improvements. In regions with a robust energy sector, there may be opportunities to export acetylene gas to neighboring areas with less domestic production. This can diversify revenue streams and extend the market's reach. As a result, there will be increased demand for acetylene gas in the coming years.
However, laser and plasma cutting technologies often offer faster and more precise cutting, reducing the need for acetylene gas in various applications. This demand reduction directly affects the market by lowering sales and revenue. As alternative technologies gain popularity, acetylene gas may lose market share in industries traditionally relying on it for cutting and welding. This loss can lead to increased competition and price pressures. Laser and plasma cutting can be more cost-effective in the long run, as they require fewer consumables and lower operating costs than acetylene gas. This cost advantage can discourage users from choosing acetylene gas. Therefore, these aspects can restrain the growth of the market in the coming years.
Application Outlook
Based on application, the market is segmented into metal working, lamps, chemicals, and others. In 2022, the chemicals segment garnered a significant revenue share in the market. Acetylene gas is used as a feedstock for synthesizing various chemicals, including vinyl chloride, acetaldehyde, acetic acid, and other organic compounds. These chemicals have diverse applications in plastics, pharmaceuticals, and chemical manufacturing industries. Acetylene-based chemicals produce polymers, including polyvinyl chloride (PVC) and polyvinyl acetate (PVA). The growth of the plastics and polymer industry, driven by demand in the construction, automotive, and packaging sectors, contributes to the demand for acetylene gas-derived chemicals. Owing to these factors, there will be increased demand in the segment in the coming years.
End-use Outlook
On the basis of end-use, the market is divided into transportation, building & construction, electric & electronics, pharmaceutical, and others. The transportation segment recorded the maximum revenue share in the market in 2022. With the rising concerns surrounding environmental sustainability and the imperative to decrease greenhouse gas emissions, there has been a growing inclination towards exploring alternative fuels. Acetylene can be used as a fuel in certain vehicles, particularly in industrial and specialized applications. The development and adoption of acetylene-fueled vehicles can contribute to the growth of this segment. Advancements in acetylene production, storage, and distribution technologies can make acetylene a more attractive and viable fuel source for transportation applications.
Regional Outlook
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the highest revenue share in the market in 2022. The automotive industry is a major user of acetylene for applications like welding and metal fabrication. The automotive industry's growth in countries like China and India helps increase the acetylene gas demand. The Asia Pacific region is renowned for its ambitious endeavors in the fields of energy and infrastructure. These projects often require acetylene gas for various applications, including the construction of pipelines and other critical infrastructure. Thus, these aspects will boost the demand in the segment.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Airgas, Inc. (L'AIR LIQUIDE S.A.), Gulf Cryo, Linde plc, The Dow Chemical Company, Asia Technical Gas Co (Pte) Ltd, Jinhong Gas Co., Ltd, Koatsu Gas Kogyo Co., Ltd., Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings), and Butler Gas Products Company.
Scope of the Study
Market Segments covered in the Report:
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Metal Working
- Chemicals
- Lamps
- Others
By End-Use (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Transportation
- Electric & Electronics
- Building & Construction
- Pharmaceutical
- Others
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- BASF SE
- Airgas, Inc. (L'AIR LIQUIDE S.A.)
- Gulf Cryo
- Linde plc
- The Dow Chemical Company
- Asia Technical Gas Co (Pte) Ltd
- Jinhong Gas Co., Ltd
- Koatsu Gas Kogyo Co., Ltd.
- Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings)
- Butler Gas Products Company
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Acetylene Gas Market, by Application
- 1.4.2 Global Acetylene Gas Market, by End-Use
- 1.4.3 Global Acetylene Gas Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter's Five Forces Analysis
Chapter 4. Global Acetylene Gas Market by Application
- 4.1 Global Metal Working Market by Region
- 4.2 Global Chemicals Market by Region
- 4.3 Global Lamps Market by Region
- 4.4 Global Others Market by Region
Chapter 5. Global Acetylene Gas Market by End-Use
- 5.1 Global Transportation Market by Region
- 5.2 Global Electric & Electronics Market by Region
- 5.3 Global Building & Construction Market by Region
- 5.4 Global Pharmaceutical Market by Region
- 5.5 Global Others Market by Region
Chapter 6. Global Acetylene Gas Market by Region
- 6.1 North America Acetylene Gas Market
- 6.1.1 North America Acetylene Gas Market by Application
- 6.1.1.1 North America Metal Working Market by Country
- 6.1.1.2 North America Chemicals Market by Country
- 6.1.1.3 North America Lamps Market by Country
- 6.1.1.4 North America Others Market by Country
- 6.1.2 North America Acetylene Gas Market by End-Use
- 6.1.2.1 North America Transportation Market by Country
- 6.1.2.2 North America Electric & Electronics Market by Country
- 6.1.2.3 North America Building & Construction Market by Country
- 6.1.2.4 North America Pharmaceutical Market by Country
- 6.1.2.5 North America Others Market by Country
- 6.1.3 North America Acetylene Gas Market by Country
- 6.1.3.1 US Acetylene Gas Market
- 6.1.3.1.1 US Acetylene Gas Market by Application
- 6.1.3.1.2 US Acetylene Gas Market by End-Use
- 6.1.3.2 Canada Acetylene Gas Market
- 6.1.3.2.1 Canada Acetylene Gas Market by Application
- 6.1.3.2.2 Canada Acetylene Gas Market by End-Use
- 6.1.3.3 Mexico Acetylene Gas Market
- 6.1.3.3.1 Mexico Acetylene Gas Market by Application
- 6.1.3.3.2 Mexico Acetylene Gas Market by End-Use
- 6.1.3.4 Rest of North America Acetylene Gas Market
- 6.1.3.4.1 Rest of North America Acetylene Gas Market by Application
- 6.1.3.4.2 Rest of North America Acetylene Gas Market by End-Use
- 6.2 Europe Acetylene Gas Market
- 6.2.1 Europe Acetylene Gas Market by Application
- 6.2.1.1 Europe Metal Working Market by Country
- 6.2.1.2 Europe Chemicals Market by Country
- 6.2.1.3 Europe Lamps Market by Country
- 6.2.1.4 Europe Others Market by Country
- 6.2.2 Europe Acetylene Gas Market by End-Use
- 6.2.2.1 Europe Transportation Market by Country
- 6.2.2.2 Europe Electric & Electronics Market by Country
- 6.2.2.3 Europe Building & Construction Market by Country
- 6.2.2.4 Europe Pharmaceutical Market by Country
- 6.2.2.5 Europe Others Market by Country
- 6.2.3 Europe Acetylene Gas Market by Country
- 6.2.3.1 Germany Acetylene Gas Market
- 6.2.3.1.1 Germany Acetylene Gas Market by Application
- 6.2.3.1.2 Germany Acetylene Gas Market by End-Use
- 6.2.3.2 UK Acetylene Gas Market
- 6.2.3.2.1 UK Acetylene Gas Market by Application
- 6.2.3.2.2 UK Acetylene Gas Market by End-Use
- 6.2.3.3 France Acetylene Gas Market
- 6.2.3.3.1 France Acetylene Gas Market by Application
- 6.2.3.3.2 France Acetylene Gas Market by End-Use
- 6.2.3.4 Russia Acetylene Gas Market
- 6.2.3.4.1 Russia Acetylene Gas Market by Application
- 6.2.3.4.2 Russia Acetylene Gas Market by End-Use
- 6.2.3.5 Spain Acetylene Gas Market
- 6.2.3.5.1 Spain Acetylene Gas Market by Application
- 6.2.3.5.2 Spain Acetylene Gas Market by End-Use
- 6.2.3.6 Italy Acetylene Gas Market
- 6.2.3.6.1 Italy Acetylene Gas Market by Application
- 6.2.3.6.2 Italy Acetylene Gas Market by End-Use
- 6.2.3.7 Rest of Europe Acetylene Gas Market
- 6.2.3.7.1 Rest of Europe Acetylene Gas Market by Application
- 6.2.3.7.2 Rest of Europe Acetylene Gas Market by End-Use
- 6.3 Asia Pacific Acetylene Gas Market
- 6.3.1 Asia Pacific Acetylene Gas Market by Application
- 6.3.1.1 Asia Pacific Metal Working Market by Country
- 6.3.1.2 Asia Pacific Chemicals Market by Country
- 6.3.1.3 Asia Pacific Lamps Market by Country
- 6.3.1.4 Asia Pacific Others Market by Country
- 6.3.2 Asia Pacific Acetylene Gas Market by End-Use
- 6.3.2.1 Asia Pacific Transportation Market by Country
- 6.3.2.2 Asia Pacific Electric & Electronics Market by Country
- 6.3.2.3 Asia Pacific Building & Construction Market by Country
- 6.3.2.4 Asia Pacific Pharmaceutical Market by Country
- 6.3.2.5 Asia Pacific Others Market by Country
- 6.3.3 Asia Pacific Acetylene Gas Market by Country
- 6.3.3.1 China Acetylene Gas Market
- 6.3.3.1.1 China Acetylene Gas Market by Application
- 6.3.3.1.2 China Acetylene Gas Market by End-Use
- 6.3.3.2 Japan Acetylene Gas Market
- 6.3.3.2.1 Japan Acetylene Gas Market by Application
- 6.3.3.2.2 Japan Acetylene Gas Market by End-Use
- 6.3.3.3 India Acetylene Gas Market
- 6.3.3.3.1 India Acetylene Gas Market by Application
- 6.3.3.3.2 India Acetylene Gas Market by End-Use
- 6.3.3.4 South Korea Acetylene Gas Market
- 6.3.3.4.1 South Korea Acetylene Gas Market by Application
- 6.3.3.4.2 South Korea Acetylene Gas Market by End-Use
- 6.3.3.5 Singapore Acetylene Gas Market
- 6.3.3.5.1 Singapore Acetylene Gas Market by Application
- 6.3.3.5.2 Singapore Acetylene Gas Market by End-Use
- 6.3.3.6 Malaysia Acetylene Gas Market
- 6.3.3.6.1 Malaysia Acetylene Gas Market by Application
- 6.3.3.6.2 Malaysia Acetylene Gas Market by End-Use
- 6.3.3.7 Rest of Asia Pacific Acetylene Gas Market
- 6.3.3.7.1 Rest of Asia Pacific Acetylene Gas Market by Application
- 6.3.3.7.2 Rest of Asia Pacific Acetylene Gas Market by End-Use
- 6.4 LAMEA Acetylene Gas Market
- 6.4.1 LAMEA Acetylene Gas Market by Application
- 6.4.1.1 LAMEA Metal Working Market by Country
- 6.4.1.2 LAMEA Chemicals Market by Country
- 6.4.1.3 LAMEA Lamps Market by Country
- 6.4.1.4 LAMEA Others Market by Country
- 6.4.2 LAMEA Acetylene Gas Market by End-Use
- 6.4.2.1 LAMEA Transportation Market by Country
- 6.4.2.2 LAMEA Electric & Electronics Market by Country
- 6.4.2.3 LAMEA Building & Construction Market by Country
- 6.4.2.4 LAMEA Pharmaceutical Market by Country
- 6.4.2.5 LAMEA Others Market by Country
- 6.4.3 LAMEA Acetylene Gas Market by Country
- 6.4.3.1 Brazil Acetylene Gas Market
- 6.4.3.1.1 Brazil Acetylene Gas Market by Application
- 6.4.3.1.2 Brazil Acetylene Gas Market by End-Use
- 6.4.3.2 Argentina Acetylene Gas Market
- 6.4.3.2.1 Argentina Acetylene Gas Market by Application
- 6.4.3.2.2 Argentina Acetylene Gas Market by End-Use
- 6.4.3.3 UAE Acetylene Gas Market
- 6.4.3.3.1 UAE Acetylene Gas Market by Application
- 6.4.3.3.2 UAE Acetylene Gas Market by End-Use
- 6.4.3.4 Saudi Arabia Acetylene Gas Market
- 6.4.3.4.1 Saudi Arabia Acetylene Gas Market by Application
- 6.4.3.4.2 Saudi Arabia Acetylene Gas Market by End-Use
- 6.4.3.5 South Africa Acetylene Gas Market
- 6.4.3.5.1 South Africa Acetylene Gas Market by Application
- 6.4.3.5.2 South Africa Acetylene Gas Market by End-Use
- 6.4.3.6 Nigeria Acetylene Gas Market
- 6.4.3.6.1 Nigeria Acetylene Gas Market by Application
- 6.4.3.6.2 Nigeria Acetylene Gas Market by End-Use
- 6.4.3.7 Rest of LAMEA Acetylene Gas Market
- 6.4.3.7.1 Rest of LAMEA Acetylene Gas Market by Application
- 6.4.3.7.2 Rest of LAMEA Acetylene Gas Market by End-Use
Chapter 7. Company Profiles
- 7.1 Airgas, Inc. (L'AIR LIQUIDE S.A.)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
- 7.2 Gulf Cryo
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 Linde PLC
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 Jinhong Gas Co., Ltd
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Koatsu Gas Kogyo Co., Ltd.
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 Butler Gas Products Company
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Asia Technical Gas Co (Pte) Ltd
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 BASF SE
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 SWOT Analysis
- 7.9 The Dow Chemical Company
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 SWOT Analysis
- 7.10. Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings)
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 SWOT Analysis
Chapter 8. Winning Imperatives of Acetylene Gas Market