Dissolved Acetylene Gas Market size is estimated to surpass USD 13 Billion by the end of 2035, growing at a CAGR of 3% during the forecast period i.e., 2023-2035.. In the year 2022, the industry size of dissolved acetylene gas was USD 10 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.
Grwoth Drivers -
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~3% |
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Base Year Market Size (2022) |
~ USD 10 Billion |
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Forecast Year Market Size (2035) |
~ USD 13 Billion |
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Regional Scope |
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End-User (Aerospace, Shipbuilding, Automotive)
The dissolved acetylene gas market from automotive segment is slated to garner the largest revenue by 2035. 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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APAC Market Statistics
The dissolved acetylene gas market share of dissolved acetylene gas in the Asia Pacific is predicted to have the highest growth by 2035. 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.
Author Credits: Smruti Ranjan, Rajrani Baghel
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