Acetylene Market Report 2025

This Acetylene market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The acetylene market size has grown strongly in recent years. It will grow from $11.52 billion in 2024 to $12.32 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growing industrialization, booming infrastructure development, growing construction industry, demand for chemical manufacturing,.

The acetylene market size is expected to see strong growth in the next few years. It will grow to $16.94 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to growing renewable energy, growing aerospace and defense industry, expanding the electronics industry, growing demand for acetylene for medical applications. Major trends in the forecast period include digitization and automation, hybrid welding technologies, recycling acetylene gas, acetylene substitutes, 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 increasing demand for construction activities is expected to propel the growth of the acetylene market in the future. Construction activities encompass a variety of tasks and processes involved in the creation of structures, infrastructure, and other physical facilities, including planning, design, construction, and maintenance of diverse projects. Acetylene plays a crucial role in construction by being used for welding, cutting, melting, and joining metal components, such as connecting steel beams and cutting through steel pipes and structural elements during renovation or demolition projects. For example, in February 2024, Eurostat, a Luxembourg-based government agency, reported that the average annual building production in the EU and the euro area increased by 0.1% and 0.2%, respectively, compared to 2022. As a result, the rising demand for construction activities is fueling the expansion of the acetylene 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 in the acetylene market are prioritizing advancements in lithium-ion battery production to enhance energy storage solutions, improve battery efficiency, and meet the growing demand for sustainable energy applications. Lithium-ion batteries are rechargeable storage devices that rely on lithium ions as the primary charge carriers, offering high energy density and efficiency. These batteries are extensively used in applications such as consumer electronics, electric vehicles, and renewable energy systems due to their lightweight design, long lifespan, and substantial energy storage capacity. For instance, in November 2023, Transform Materials, a U.S.-based acetylene provider, partnered with Denka Company Limited, a Japan-based chemical manufacturer, to develop a groundbreaking microwave plasma technology. This innovation enables the production of acetylene and hydrogen without CO2 emissions, positioning the companies as leaders in sustainable chemical production. The initiative aims to accelerate low-carbon acetylene mass production, supporting the sustainability of lithium-ion battery manufacturing.

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.

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 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.

Asia-Pacific was the largest region in the acetylene market in 2024. 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, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

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.

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