Acetylene Gas Market - By Production Process (Calcium carbide, Hydrocarbon pyrolysis, Others), Application (Metal working, Chemicak synthesis, Carbon coating, Others), End use industry & Forecast, 2024 - 2032

Acetylene Gas Market - By Production Process (Calcium carbide, Hydrocarbon pyrolysis, Others), Application (Metal working, Chemicak synthesis, Carbon coating, Others), End use industry & Forecast, 2024 - 2032

Acetylene gas market size is anticipated to grow at over 5.3% CAGR between 2024 and 2032, driven by the rising demand from industries, such as metal fabrication, chemical synthesis, and welding applications. Acetylene gas is valued for its high flame temperature, making it indispensable for processes requiring intense heat, including metal cutting and welding. The versatility of acetylene gas in various industrial applications is contributing to its growing popularity.

Rapid technological advancements in acetylene production methods, coupled with increasing investments in infrastructure and manufacturing facilities will also bolster the demand for acetylene gas. For instance, in May 2022, Orion Engineered Carbons disclosed plans to construct a production facility for acetylene-based conductive additives in the U.S. The additives were intended for use in lithium-ion batteries, high-voltage cables, and other electrification products, including those for the renewable energy sector. These advancements have led to improved efficiency in acetylene gas production, resulting in higher yields and lower production costs. To that end, the expanding construction, and automotive sectors, particularly in emerging economies will drive the demand for acetylene gas in metalworking and fabrication processes, further propelling the market growth.

The acetylene gas industry is segmented into product process, application, end use industry and region.

With regards to production process, the market size from hydrocarbon pyrolysis segment is anticipated to witness 4.8% growth rate through 2032. This is backed by the efficient and cost-effective method for producing acetylene gas from various feedstocks, such as methane, ethane, and propane. This versatility allows flexibility in sourcing raw materials, reducing dependency on specific feedstocks and mitigating supply chain risks. Rapid advancements in pyrolysis technology have improved process efficiency and yield, resulting in higher production volumes.

Acetylene gas market value from the chemical synthesis application segment will grow at 5% CAGR during 2024 -2032, driven by the need for crucial feedstock in the synthesis of various organic chemicals, including vinyl acetate, acrylic acid, and ethylene. These chemicals are essential in the production of a wide range of industrial and consumer products, including plastics, adhesives, and pharmaceuticals, adding to the segment growth.

Europe acetylene gas industry will witness rapid expansion at 5.7% CAGR between 2024 and 2032. The emphasis on industrial innovation and technological advancement is fostering a favorable environment for the product adoption in various industrial applications. The strong focus on sustainability and environmental responsibility across the region is encouraging several industries to transition towards cleaner and more efficient energy sources. Growing strategic investments in infrastructure and research initiatives may further propel the regional market growth.