Acetylene Gas Market is to Touch $8.96 Billion by 2030; The increasing demand for Acetylene Gas across various industries such as automotive, metal fabrication, aerospace, pharmaceutical, glass propel market growth.

The Acetylene Gas Market size is estimated to reach $896 Billion by 2030, growing at a CAGR of 4.9% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Acetylene Gas Market –By Production Type (Calcium Carbide, Thermal Cracking, Hydrocarbon Pyrolysis), By Applications (Chemical Synthesis, Welding and Cutting, Polyethylene Plastics, Carbon Coatings, Others), By End User (Automotive, Metal Fabrication, Aerospace, Pharmaceutical, Glass, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”

Rising demand from the chemical industry and growing applications in welding and cutting are fueling the growth of the Acetylene Gas industry during the forecast period.

Asia-Pacific accounted for the largest market value share of 40% during 2024-2030 of the Acetylene Gas market due to its robust industrial growth, increasing demand from key end-use sectors, and favorable economic conditions. Countries like China, India, and Japan are major consumers of acetylene, primarily driven by their expanding chemical, manufacturing, and automotive industries. The region's rapid urbanization and infrastructure development projects further amplify the demand for acetylene in applications such as welding, cutting, and the production of various chemical intermediates. Additionally, the presence of significant acetylene production facilities and a well-established supply chain contribute to the region's dominance in the market. The growing focus on technological advancements and innovations in production processes, combined with rising investments in industrial activities, positions the Asia-Pacific region as a pivotal hub for acetylene gas consumption and production, thereby solidifying its largest market value share globally. 

The chemical industry is experiencing a significant surge in demand for acetylene gas, primarily due to its applications as a building block in the synthesis of various organic compounds. Acetylene is used extensively in the production of acetylene black, a crucial material in batteries and electronics. In 2022, the norm in the chemical industry will start moving from measuring and reporting scope 3 emissions toward making plans and setting public goals to reduce them. The push to do this will come largely from the industry’s customers, which are demanding that suppliers rapidly cut all types of emissions. Additionally, it serves as a precursor for manufacturing key chemicals like vinyl acetate, acrylonitrile, and other derivatives used in plastics, coatings, and textiles. As the global economy rebounds and industrial activities increase, the chemical sector's growth is driving the acetylene gas market forward. The trend towards higher productivity and efficiency in chemical processes further amplifies the need for acetylene, as companies strive to enhance their product offerings and meet evolving consumer demands. The Indian chemical industry, currently valued at USD 220 billion, is expected to reach USD 300 billion by 2023 and USD 1 trillion by 2024, opined the speakers at the curtain raiser organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) for the India Chem-2024, in Visakhapatnam on September 2024. Moreover, the expansion of industries such as automotive, construction, and consumer goods is expected to boost the consumption of acetylene, creating a favorable environment for market growth.

The welding and cutting industry remain one of the primary consumers of acetylene gas, driving demand in the market. Acetylene is known for its high flame temperature, making it an ideal choice for oxy-acetylene welding and cutting processes. As industries like construction, manufacturing, and metal fabrication expand, the need for welding and cutting applications continues to grow. The increasing focus on infrastructure development and repair, particularly in emerging economies, is further propelling the demand for acetylene in welding applications. Additionally, advancements in welding technologies and techniques are enhancing the efficiency and precision of acetylene-based processes, making them more appealing to industries seeking reliable and high-quality results. The trend toward automation in welding processes is also contributing to the increased consumption of acetylene, as manufacturers seek to optimize productivity and reduce labor costs. Oxyacetylene welding, commonly referred to as gas welding, is a process which relies on combustion of oxygen and acetylene. When mixed together in correct proportions within a hand-held torch or blowpipe, a relatively hot flame is produced with a temperature of about 3,200 deg.C. The chemical action of the oxyacetylene flame can be adjusted by changing the ratio of the volume of oxygen to acetylene.

Key companies profiled in the Acetylene Gas Market are Airgas, Linde, Sinopec Catalyst CO., LTD., Jinhong Gas, Gulf Cryo, Praxair Technology, Inc., Komatsu Gas, Messer Canada Inc., Ellenbarrie industrial Gases, Matheson Tri-Gas, Inc., BASF SE, Orion S.A., Denka Company Limited, Toho Acetylene Co., Ltd., Axcel Gases and others.