The global acetylene gas market exhibited steady growth during 2015-2020. Acetylene is a colourless combustible gas that is produced through the combination of calcium carbonate and water. It can also be generated using hydrocarbons, such as coal, crude oil and naphtha, and becomes highly explosive when it is liquified, compressed, heated or mixed with air. This gas is most commonly used as an intermediate for the manufacturing of chemicals and cutting and welding functions in metalworking applications. It is also used for the manufacturing of commercial dry-cell batteries and acetylic alcohols and finds extensive applications across various industries, including chemical, automotive, transportation, aerospace and pharmaceutical.
The market is primarily being driven by the significant growth in the chemical industry, along with rapid industrialization across the globe. Owing to its high flame-temperature properties, acetylene gas is extensively used for various metalworking applications, including oxyacetylene cutting, heat treating, soldering, brazing and welding. In comparison to the traditionally used oxygen-based fuels, the combination of oxyacetylene provides faster piercing and preheating. This offers improved cutting quality, speed and cut initiation time, thereby leading to enhanced efficiency and widespread utilization of the gas across industries. Furthermore, acetylene gas is also utilized for the synthesis of various chemicals, such as acetic anhydride, acetic acid and acetaldehyde. Apart from this, it finds applications in the glass and materials processing industries for carbon coating as it aids in creating lubrication between the material surfaces. Other factors, including extensive research and development (R&D) activities focused on generating the gas from biogas and other bio-based fuels, are also providing a boost to the market growth. Looking forward, IMARC Group expects the global acetylene gas market to grow at a CAGR of 2.7% during 2021-2026.
Breakup by Production Method:
Breakup by Application:
Welding and Cutting
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Airgas, BASF SE, China Petroleum and Chemical Corporation, Gulf Cyro, Hebei Xingyu Chemical Co. Ltd., Ilmo Products Company, Linde Aktiengesellschaft, Praxair Inc., Shandong Xinlong Group Co. Ltd., Suzhou Jinhong Gas Co. Ltd., The Dow Chemical Company, Toho Acetylene, etc.
Key questions answered in this report:
How has the global acetylene gas market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global acetylene gas market?
What is the breakup of the market based on the production method?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global acetylene gas market and who are the key players?
What is the degree of competition in the industry?