Acetylene Gas Market Size To Reach $5.4 Billion By 2030

Acetylene Gas Market Growth & Trends

The global acetylene gas market is expected to reach USD 5.4 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2023 to 2030. The growth of the welding market, which is driving the demand for acetylene gas as a fuel gas for welding.

The welding market has been experiencing significant growth in recent years, which has contributed to the increased demand for products as a fuel gas for welding. Welding is a process that involves joining two or more pieces of metal by heating the surfaces to their melting points, causing them to fuse together. Acetylene gas, when mixed with oxygen, produces a flame that can reach temperatures high enough to melt most metals, making it an ideal fuel gas for welding.

The growth of the welding market can be attributed to several factors, including the increasing demand for metal fabrication in various industries such as construction, automotive, and aerospace. Welding is also used in the repair and maintenance of metal structures and equipment, which is becoming increasingly important as companies seek to extend the lifespan of their assets.

Furthermore, advances in welding technology have made the process more efficient and cost-effective, which has further contributed to its growth. For example, the use of robotic welding systems has enabled companies to increase their production rates while reducing labor costs.The growth of the welding market is expected to continue in the coming years, which is likely to drive the demand for the market.

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Acetylene Gas Market Report Highlights

• The Asia Pacific region witnesses the fastest growth rate with a CAGR of 5.6% as it is driven by factors such as increasing demand for rubber products, growth in end-use industries such as automotive and personal care, and rapid industrialization and urbanization.

• The chemicals application segment witnessed the fastest growth rate with a CAGR of 5.7%. The increasing demand for chemicals in different industries such as pharmaceuticals, paints, and coatings are expected to drive the demand for acetylene gas in this sector.

• The acetylene gas market is fragmented in nature due to the presence of major companies, including Praxair Technology Inc., Gulf Cryo, Linde PLC, and Air Liquide, among others.

• In Feb 2022. The construction of a verified engineering Oxy acetylene gas unit is currently underway at its Feruka plant located in Mutare. The unit is expected to be commissioned by the end of 2022 and is anticipated to provide a significant impetus for the growth of local industries.

• BASF SE has commenced operations of its newly established acetylene plant at the Ludwigshafen Verbund site. The plant has an initial annual production capacity of 90,000 metric tons.

Acetylene Gas Market Segmentation

Grand View Research has segmented the global acetylene gas market report on the basis of basis of end-use, application, and region:

Acetylene Gas Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Metal working

• Lamps

• Chemicals

• Others

Acetylene Gas End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Transportation

• Building & Construction

• Electric & Electronics

• Pharmaceutical

• Others

Acetylene Gas Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • Switzerland

  • France

  • Italy

  • Spain

  • Netherlands

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Malaysia

  • Indonesia

  • Vietnam

  • Australia

  • New Zealand

• Central & South America

  • Brazil

  • Argentina

  • Chile

  • Colombia

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • Iran

  • Oman

  • UAE

  • Qatar

  • Kuwait

  • Nigeria

  • Angola

List of Key Players in the Acetylene Gas Market

• BASF SE

• Airgas

• Gulf Cyro

• China Petroleum and Chemical Corporation

• Linde Group

• SINOPEC

• Praxair Technology Inc.

• Dow Chemical Company

• Toho Acetylene

• Sichuan Vinylon