Market Size of Acetylene Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 11.68 Million tons |
| Market Volume (2029) | 13.24 Million tons |
| CAGR (2024 - 2029) | 2.54 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Acetylene Market Analysis
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 major factors driving the market studied include the continuous demand in global metalworking industries and increasing demand from the chemical industry.
- However, stringent environmental regulations due to the harmful effects of acetylene at higher concentrations are expected to act as a restraint in the market. Moreover, the alternatives of acetylene in welding and cutting applications may also hinder market growth.
- Furthermore, the application of acetylene gas for various scientific research is likely to act as an opportunity for the market studied over the forecast period.
- The Asia-Pacific dominated the market across the world, with the largest consumption from countries like China and India.
