Acetylene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Acetylene Market is segmented by Application (Metal Working, Chemical Raw Materials, Lamps, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Acetylene Market Snapshot

acetylene market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >2.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The acetylene market is expected to record a CAGR of over 2.5% during the forecast period. The major factor driving the market studied is the growing demand from the power and chemical industry. However, environmental regulations are expected to hinder the growth of the market studied.

  • The metalworking Industry dominated the global market share, and it is expected to experience growth during the forecast period, owing to the increase in metal working activities across the world.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.

Scope of the Report

The global acetylene market report includes:

Application
Metal Working
Chemical Raw Materials
Lamps
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Metalworking Industry to dominate the market

  • Acetylene is chiefly used for oxyacetylene cutting, heat treating, and welding. Bulk acetylene is also used as a raw material in the chemicals processing industry for the production of organic compounds, including acetaldehyde, acetic acid, and acetic anhydride. 
  • Due to its triple bond structure, acetylene has the highest flame temperature. Acetylene achieves a flame temperature of 3090°C (5594°F), releasing 54.8 kJ/liter of energy when it undergoes combustion with oxygen. This highest flame temperature allows acetylene usage in metalworking applications, like cutting, welding, soldering, and brazing.
  • The above-mentioned applications of acetylene are used in many end-user industries like automotive, aerospace, metal fabrication, pharmaceutical, glass, and other end-user industries.
  • With the growing metalworking applications, the market for acetylene is projected to increase over the forecast period.
Acetylene Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific dominated the global market share. With growing transportation activities in countries such as China and Japan, the usage of acetylene (metalworking) is increasing in the region.
  • Acetylene is also used to produce many essential chemicals such as; Vinyl chloride monomer, Acrylonitrile, Vinyl acetate, Vinyl ether, Acetaldehyde, 1,2-Dichloroethane, 1,4-Butynediol, Acrylate esters, Polyacetylene, and Polydiacetylene, among others. As Asia-pacific has the most significant market for the chemical industry as well, which shows an enormous scope for the acetylene market.
  • Over the last couple of years, total property investment witnessed a rise in China. Real estate investment, which is mainly focused on the residential sector also includes the construction of commercial and office space, is acting as the key driver for the growth of the construction sector in China.
  • China is the largest manufacturer of automobiles, in the world. The country’s automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, to ensure fuel economy and minimize emissions (due to growing environmental concerns, which are a result of the mounting pollution in the country).
  • With the growth of various industries in the region, the market for acetylene is likely to surge over the forecast period.
Acetylene Market Regional Trends

Competitive Landscape

The acetylene market is fragmentedin nature. The major companies include BASF SE, Gulf Cryo, The Linde Group, SINOPEC, and Praxair Technology, Inc, among others. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Continuous Demand in Metal Working Industries across the World

      2. 4.1.2 Increasing Demand in Chemical Production

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environment Regulations

      2. 4.2.2 Harmful effects of Acetylene at higher concentrations

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Metal Working

      2. 5.1.2 Chemical Raw Materials

      3. 5.1.3 Lamps

      4. 5.1.4 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 TOHO ACETYLENE Co. Ltd

      3. 6.4.3 Suzhou Jinhong Gas Co. Ltd

      4. 6.4.4 Praxair Technology, Inc.

      5. 6.4.5 The Linde Group

      6. 6.4.6 ILMO Products Company

      7. 6.4.7 Gulf Cryo

      8. 6.4.8 China Petrochemical Corporation

      9. 6.4.9 CHENGDU XINJU CHEMICAL CO. LTD

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Acetylene Market market is studied from 2016 - 2026.

The Acetylene Market is growing at a CAGR of >2.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BASF SE, The Linde Group, Praxair Technology, Inc., Gulf Cryo, China Petrochemical Corporation are the major companies operating in Acetylene Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!