Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Dissolved Acetylene Gas Market size was over USD 10.68 billion in 2024 and is poised to exceed USD 16.49 billion by 2037, witnessing over 3.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of dissolved acetylene gas is evaluated at USD 11.27 billion.
The growth of the market is poised to grow on account of growing mining activities.
Furthermore, it is extensively being used in metal industries for the application of cutting, welding, and heat treatment. Hence, with the growing production of metal, the dissolved acetylene gas market growth is set to rise. In April–October 2022, the world produced around 40.67 million tonnes of aluminum metal compared to the 40.79 million tonnes that were consumed globally, creating a 0.12 million tonne market deficit.
Dissolved Acetylene Gas Sector: Growth Drivers and Challenges
Grwoth Drivers -
- Growing Production of Plastic - The most popular application for acetylene is as a raw material for the synthesis of other organic compounds. These include 1,4-butanediol, which is crucial for the manufacturing of polyester and polyurethane polymers. So, with the growing production of plastic, the demand for dissolved acetylene gas is also slated to grow.
- Rising Application of Acetylene in the Pharmaceutical Sector - Acetylene is utilized in the manufacture of a variety of medications. Aspirin, paracetamol, and other painkillers to name a few. It is also employed in the manufacture of several antibiotics, including ampicillin and penicillin. Some cancer medications, such as doxorubicin and vincristine, are also made using acetylene. A few hormones, including estrogen and testosterone, are also made using acetylene.
- Surge in Manufacturing of Automotive- In 2021, more than 79 million vehicles were produced. This number indicates an increase of around 2% from the prior year. Owing to this, more acetylene gas is used in the manufacturing of automotive parts.
Challenges
- Not unsuitable for All Materials
- Hold High Risk - If done incorrectly, oxy-acetylene welding could potentially be risky. The torch's flames have a maximum temperature of 6,000 degrees Fahrenheit, which makes severe burns very likely. Additionally, this method of welding uses highly volatile acetylene gas, therefore improper equipment use increases the risk of explosions. Hence, this factor is estimated to hinder the growth of the market.
- Require Huge Investment for Specialized Equipment
Dissolved Acetylene Gas Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
3.4% |
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Base Year Market Size (2024) |
USD 10.68 billion |
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Forecast Year Market Size (2037) |
USD 16.49 billion |
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Regional Scope |
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Dissolved Acetylene Gas Segmentation
End-User (Aerospace, Shipbuilding, Automotive)
The dissolved acetylene gas market from automotive segment is slated to garner the largest revenue by 2037. The growth of the segment is influenced by the growing demand for alternative fuel. Benefits like affordability and environmental friendliness increase gas fuel consumption. Acetylene is a petrol fuel that is being considered as a substitute for petroleum-based fuels in internal combustion engines.
Application (Chemical Synthesis, Welding and Cutting, Metal Fabrication)
The dissolved acetylene gas market from chemical synthesis segment is projected to have luminous growth during the forecast timeline. One of acetylene's main uses is chemical synthesis. Several inorganic chemicals are made using acetylene. It aids in the production of several vitamins, including A and E. It is also used to make certain solvents and perfumery ingredients. Several acetylenic alcohols, including acetic acid and 1,4-butanediol (BDO), are also produced with it.
Our in-depth analysis of the global market includes the following segments:
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Production Method |
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Application |
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End-User |
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Customize this ReportDissolved Acetylene Gas Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific industry is expected to dominate majority revenue share of 32% by 2037. This is impelled by the growing production of chemicals. Among Asia Pacific, China has emerged as the largest producer of chemicals such as chemicals and pesticides. China produced about 228,000 tonnes of chemical pesticide technical in May 2022, up approximately 11% over the previous year. The cumulative output was about 2 million tonnes, up approximately 0.5% over the previous year.
North America Market Forecast
The dissolved acetylene gas market in North America for dissolved acetylene gas is anticipated to have significant growth over the forecast period. There has been growing manufacturing of aircraft in this region. The most popular method of welding used in aircraft is gas welding using oxygen/acetylene. Hence, with this, the market in this region is set to grow.
Companies Dominating the Dissolved Acetylene Gas Landscape
- Shandong Xinlong Group Co. Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- BASF SE
- Praxair, Inc.
- China Petroleum & Chemical Corporation
- Linde plc
- Gulf Cryo
- The Messer Group GmbH
- Akzo Nobel N.V.
- AmeriGas Partners, L.P.
- Airgas USA LLC
In the News
- May 2020: Linde plc to start a new syngas processing plant in the U.S., which could convert by-product Acetylene Off-Gas (AOG), into high-value products to supply to chemical manufacturers.
- November 2018: Ferrell Gas Partners, L.P. announced the acquisition of Wylie LP Gas, Inc., to expand its distribution in Texas, U.S.
Author Credits: Rajrani Baghel
- Report ID: 3944
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
