What Is The Current and Historic Market Size Analysis Of The Acetylene Market?
The acetylene market has seen considerable growth due to a variety of factors.
• The market size of acetylene has seen robust growth in the past few years. It is projected to escalate from a value of $11.52 billion in 2024 to a worth of $12.32 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.9%.
The surge during the historical period can be ascribed to factors such as increasing industrialization, burgeoning infrastructure development, an expanding construction industry, and a rise in demand from chemical manufacturing.
What Are The Predictions for The Acetylene Market Size In The Coming Years?
The acetylene market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the acetylene market is poised for a robust growth, expanding to $16.94 billion by 2029, with a compound annual growth rate (CAGR) of 8.3%.
This considerable growth anticipated over the forecast period can be attributed to factors such as the rise in renewable energy, the expansion of the aerospace and defense sectors, the development of the electronics industry, and the increasing demand for acetylene in medical applications. The forecast period also identifies key trends including digitization and automation, hybrid welding technologies, acetylene gas recycling, substitutes for acetylene, and green hydrogen production.
Which Drivers Are Accelerating Growth In The Acetylene Market?
The anticipated growth in the acetylene market can be attributed to the increasing uses of acetylene in a multitude of industries. Acetylene serves as a key ingredient in the manufacturing process of various organic chemicals such as 1,4-butanediol, a commonly used chemical in the creation of polyurethane and polyester plastics. Additionally, acetylene is utilized as the primary fuel for oxyacetylene welding and metal cutting.
What Are The Core Segments Of The Global 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 Emerging Trends Are Reshaping The Acetylene Market Size?
A significant number of chemical production companies are incorporating IoT (Internet of Things) innovations to establish links between machines and intelligent gadgets, aiming to gather real-time understanding and identify shortcomings in the production protocol. The information collected from these devices is scrutinized, evaluated, and comprehended by plant overseers and top-management to enhance quality and attain optimal output. For instance, smart systems provide data on the operational status and efficiency of chemical reactors, employing embedded software and analytic tools to alert plant operators and managers regarding potential machinery malfunctions. Key industrial gas manufacturers who have embraced IoT technology encompass Praxair-Linde and Air Products.
Who Are the Key Players In 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.
What Are The Regional Insights Into The Acetylene Market?
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.
