Acetylene Gas Market by Grade (Industrial Grade, Research Grade, Specialty Grades), Application (Chemicals, Lamps, Metal working), End-Use - Global Forecast 2024-2030

Acetylene Gas Market by Grade (Industrial Grade, Research Grade, Specialty Grades), Application (Chemicals, Lamps, Metal working), End-Use - Global Forecast 2024-2030

The Acetylene Gas Market size was estimated at USD 3.92 billion in 2023 and expected to reach USD 4.14 billion in 2024, at a CAGR 5.88% to reach USD 5.85 billion by 2030.

Acetylene gas is a colorless, flammable gas primarily used in welding and cutting applications due to its ability to produce a very hot flame when combined with oxygen, reaching temperatures high enough to melt most metals. Its usage has expanded in sectors such as automotive and aerospace for metal fabrication and repair due to its efficiency in these processes. Additionally, developments in safety equipment and procedures have made the handling of acetylene safer, which also promotes its use. However, acetylene gas poses several disadvantages, including its high flammability and instability under certain conditions, which can lead to safety hazards. To address these issues, stringent regulations and improved technologies for gas storage and transport have been implemented, which help minimize risks associated with its use. Nevertheless, the 3D printing of metals and the increasing use of acetylene in chemical synthesis presents an opportunistic scenario for market growth. Expanding industrial activities in developing countries present additional market opportunities for acetylene gas. Innovations that allow for safer production, storage, and utilization of acetylene may also drive its future demand, potentially opening new market segments and enhancing its applicability in a variety of industrial processes.

Regional Insights

The Americas show robust demand for acetylene gas, which is primarily driven by the United States, where the automotive and manufacturing sectors are significant consumers. The presence of a large industrial base, coupled with advanced technological adoption, fuels the need for acetylene for purposes such as metal welding and fabrication. EMEA shows a diverse landscape with significant contributions from Europe due to its established manufacturing and automotive sectors. Middle Eastern countries are focusing more on industrial diversification, potentially increasing the demand for acetylene gas in metal fabrication and construction activities. Asia Pacific showcases an opportunistic landscape for acetylene gas market, driven by rapid industrialization in China, India, and Southeast Asian countries. The expansion of manufacturing capabilities, particularly in the automotive, aerospace, and electronics sectors, fuels the demand for acetylene.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Acetylene Gas Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing usage of acetylene gas in metal cutting and welding applications
• Significant need for welding gas across automotive and aerospace industry

Market Restraints

• Concerns of storage and transportation of acetylene gas

Market Opportunities

• Advancements in recycling and recovery procedures of acetylene gas
• Emerging adoption of acetylene gas in chemical synthesis

Market Challenges

• Environmental issues and safety concerns associated with acetylene gas

Market Segmentation Analysis

• Grade: Proliferation of industrial-grade acetylene in metal cutting, welding, and brazing applications
• Application: High adoption in chemical industry to synthesize several important chemicals

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Acetylene Gas Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Acetylene Gas Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Advancements in Low-Carbon Acetylene Production for Lithium-Ion Battery Enhancement

Transform Materials, utilizing its proprietary microwave plasma technology, has pioneered a unique method of converting hydrocarbons and natural gas into acetylene and hydrogen, significantly advancing industrial electrification and its associated value-creation opportunities. With a focus on sustainability, the company's compact and scalable systems promise a substantial reduction in carbon emissions by ensuring complete carbon utilization and preventing CO2 release. This technological innovation positions Transform Materials as a key player in the mass production of low-carbon acetylene, which is especially crucial for the manufacture of acetylene black, an essential component of lithium-ion batteries.

Iconic Gases' New Acetylene Plant in Atlantis Special Economic Zone

Iconic Gases built an R20 million acetylene gas manufacturing facility in Cape Town's Atlantis Special Economic Zone. This facility enhances South Africa's local beneficiation, generates employment, and increases export revenue. The construction, advancing steadily with a targeted commissioning date of January 2024, positions Iconic Gases for a critical role in the region's economic development. The plant will cater to domestic demands and export acetylene to Southern African Development Community members, including Namibia, Angola, and Malawi.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Acetylene Gas Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Acetylene Gas Market, highlighting leading vendors and their innovative profiles. These include Air Liquide, Allgo Gases, BASF, Finto Enterprises Pvt Ltd., Gulf Cryo, International Industrial Gases Ltd, Koatsu Gas Kogyo Co., Ltd., Linde plc, MOS Techno Engineers, Panki Oxygen, Praxair, Shandong Yongan Heli Cylinder Co.,Ltd, Space Cryogases Private Limited, Swastik Industrial Gases Pvt Ltd., and Wilhelmsen.

Market Segmentation & Coverage

This research report categorizes the Acetylene Gas Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Grade
• Industrial Grade
• Research Grade
• Specialty Grades
• Application
• Chemicals
• Lamps
• Metal working
• End-Use
• Building & Construction
• Electric & Electronics
• Pharmaceutical
• Transportation
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year