The Acetylene Market size is estimated at 11.68 Million tons in 2024, and is expected to reach 13.24 Million tons by 2029, growing at a CAGR of 2.54% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the demand for acetylene. The lockdown in various countries led to supply chain constraints that significantly obstructed the expansion of the industry. However, the market recovered last year, and it is expected to grow at a significant rate during the forecast period.
The acetylene market is fragmented in nature due to the presence of major companies, including (not in any particular order) BASF SE, Praxair Technology Inc., Gulf Cryo, Linde PLC, and Air Liquide, among others.
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