Acetylene Global Market Report 2024

“Acetylene Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on acetylene market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for acetylene? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The acetylene market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Calcium Carbide Production; Thermal Cracking Process
• 2) By Application: Automotive; Metal fabrication; Aerospace; Pharmaceutical; Other Applications
• 3) By Sales Channel: Direct Company Sale; Direct Import; Distributors & Traders
• Companies Mentioned: BASF SE; Gulf Cryo; Linde plc; Praxair Inc.; Sinopec
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Acetylene is a colorless and flammable gas known for its distinct odor. It stands out as the sole fuel gas suitable for welding purposes. Acetylene, as the simplest alkyne, is a hydrocarbon typically managed in solution form due to its inherent instability.

The primary methods for producing acetylene encompass calcium carbide production and the thermal cracking process. Thermal cracking is a refining technique that employs heat and pressure to break down, reconfigure, or combine hydrocarbon molecules. Acetylene finds applications across various industries, including automotive, metal fabrication, aerospace, pharmaceuticals, and more. Sales channels for acetylene involve direct company sales, direct imports, as well as distribution through intermediaries and traders.

The acetylene market research report is one of a series of new reports from The Business Research Company that provides acetylene market statistics, including acetylene industry global market size, regional shares, competitors with an acetylene market share, detailed acetylene market segments, market trends and opportunities, and any further data you may need to thrive in the acetylene industry. This acetylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The acetylene market size has grown strongly in recent years. It will grow from $10.81 billion in 2023 to $11.6 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth observed during the historical period can be credited to the increasing pace of industrialization, significant advancements in infrastructure development, a thriving construction industry, and the escalating demand within chemical manufacturing.

The acetylene market size is expected to see strong growth in the next few years. It will grow to $15.46 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period is expected to be driven by the expansion of renewable energy sources, the burgeoning aerospace and defense industry, the continuous expansion of the electronics sector, and the increased demand for acetylene in various medical applications. Notable trends expected during this period involve digitization and automation, the development of hybrid welding technologies, the implementation of acetylene gas recycling, exploration of acetylene substitutes, as well as the advancement of green hydrogen production.

The acetylene market's growth is anticipated due to the increasing applications of acetylene across diverse industries. Acetylene serves as a crucial raw material in the production of various organic chemicals, including 1,4-butanediol, extensively used in the manufacturing of polyurethane and polyester plastics. Moreover, acetylene finds utility as a primary fuel in oxyacetylene welding and metal cutting processes.

The anticipated growth of the acetylene market is largely driven by the increasing demand within construction activities. Construction activities encompass a broad spectrum of tasks involved in creating structures, infrastructure, and physical facilities, which involves planning, design, construction, and ongoing maintenance of various projects. Acetylene plays a significant role in these activities, specifically for welding, cutting, melting, and joining metal components. It is commonly used in tasks like joining steel beams and cutting through steel pipes and structural elements, particularly in renovation or demolition projects within the construction industry. For instance, in 2021, as reported by FMI (Fails Management Institute) Corporation, a U.S.-based consulting and investment banking firm, there was an 18% growth in investment reaching $111 billion in multi-family residential construction spending activities. Projections indicate a further increase to $136 billion by 2025 for investments in multi-family residential construction activities. This growth in construction activities, particularly in the residential sector, is a key driver behind the expanding demand for acetylene in the market.

Strict safety regulations linked to the manufacturing and transportation of helium gas have significantly impeded the market. Helium and similar substances pose toxicity and hazards under extreme temperatures and pressures. Companies operating in this industry are required to heavily invest in equipment, technologies, and processes to control and mitigate toxic levels and chemical concentrations. As a result, these regulations have augmented the operational costs for companies within this industry. Consequently, this increase in costs restricts the capacity for investments aimed at introducing new products and expanding into fresh markets, thereby impacting the growth of the market.

Numerous chemical manufacturers are embracing IoT (Internet of Things) technologies to interconnect equipment and smart devices, allowing for the real-time collection of insights and identification of potential gaps within the manufacturing process. The data obtained from these devices is then processed, analyzed, and interpreted by plant managers and senior-level management to enhance product quality and achieve optimal production levels. For instance, intelligent systems provide information regarding the operational status and performance of chemical reactors using embedded software and analytics tools. This facilitates the prompt notification of potential machine breakdowns to plant operators and managers. Prominent industrial gas manufacturers, such as Praxair-Linde and Air Products, are actively incorporating IoT technology within their operations.

Leading companies within the acetylene market are spearheading innovation by introducing novel technologies, such as microwave plasma, to establish a competitive advantage. Microwave plasma technology serves as a method for converting natural gas into acetylene and hydrogen without involving combustion or producing CO2 emissions. For example, in August 2021, SBH4 GmbH, a Germany-based advisory firm, introduced microwave plasma technology. This innovative technology is designed to enhance the efficiency and cost-effectiveness of producing acetylene gas compared to traditional methods. It achieves this by splitting the methane molecule into hydrogen and acetylene.

Major companies operating in the acetylene market include BASF SE, Gulf Cryo, Linde PLC, Praxair Inc., Sinopec, Chengdu Xinju Chemical Co. Ltd., ILMO Products Company, Suzhou Jinhong Gas Co. Ltd., Toho Acetylene Co. Ltd., Xinglong Group, Xinju Chemical Co. Ltd., Airgas, Ho Tung Chemical, Markor, Lutianhua, Jiuce Group, JinHong Gas, Xinlong Group, Dow Company, Dongxiang Gas, Sichuan Vinylon, Air Products and Chemicals Inc., Air Liquide, Linde, Air Products and Chemicals, Matheson Gas, Messer Group, SIG Gases Berhad, SOL Spa, Cee Kay Supply, Mississippi Welders Supply, Red Ball Oxygen, Hohman Plating & Manufacturing, Roberts Oxygen Company, Southern Gas & Supply, CO2 Masters, Rocky Mountain Air Solutions, Spec Air, Purity Cylinder Gases, The Archer Group, Welders Supply and Equipment, Metro Welding Supply, Delille Oxygen Company, Cryogas, A-OX Welding Supply, Cryostar Industries, Complete Welders Supply, Penn-Air & Hydraulics Corp.

Asia-Pacific was the largest region in the acetylene market in 2023. North America was the second-largest region in the global acetylene market. The regions covered in the acetylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the acetylene market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The acetylene market consists of the sales of acetylene used for cutting, brazing, flame gouging, texturing, spot heating, hardening, cleaning, and thermal spraying various materials. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.