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CHEMICALS AND ADVANCED MATERIALS

Dissolved Acetylene Gas Market Segmentation by Production Method (Calcium Carbide, Hydrocarbon Pyrolysis, and Others); by Application (Chemical Synthesis, Welding and Cutting, Metal Fabrication, and Others); and by End-User (Aerospace, Shipbuilding, Automotive, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • May, 2020: Linde plc to start a new syngas processing plant in the U.S., which can 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.

 

Global Dissolved Acetylene Gas Market Highlights over 2022 – 2031

The global dissolved acetylene gas market is estimated to grow at a CAGR of ~2.5% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the growing demand for acetylene gas amongst various end-user industries, along with the need for transportation of acetylene in liquid form, worldwide. Acetylene gas is mixed in liquid acetone to make it stable and unreactive inside the cylinder for its transportation and usage. Additionally, combustion of acetylene with oxygen produces a flame of over 3,330 degree Celsius, which is used for welding and other metal works. As a result, the increasing demand for acetylene for metal work, owing to the high temperature of the gas, is further estimated to boost the market growth. For instance, the revenue generated by the acetylene market in 2018 was slightly under USD 5.7 billion, which is expected to touch USD 6 billion by the end of 2024. Moreover, the growing application of dissolved acetylene gas for shipbuilding and automobile manufacturing is anticipated to fuel the market growth.

Dissolved Acetylene Gas Market Graph

The market is segmented by end-user into aerospace, shipbuilding, automotive, and others, out of which, the automotive segment is anticipated to hold a substantial share in the global dissolved acetylene gas market over the forecast period on account of increasing use of dissolved acetylene for manufacturing automobiles. Moreover, increasing sale of cars globally, is foreseen to boost the market growth. According to the data by the International Energy Agency (IEA), in 2019, 25 million cars were sold in China, 17 million in United States, 17 million in European Union, and 21 million cars were sold in the rest of the world. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Dissolved Acetylene Gas Market Regional Synopsis

On the basis of geographical analysis, the global dissolved acetylene gas market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing manufacturing of chemicals in the region. For instance, the production volume of dissolved acetylene in Japan reached over 8.5 thousand tons, in 2020. Furthermore, growing sale for automobiles, along with presence of major automobile manufacturers in the region, is estimated to propel the market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of increasing export and import of chemical substances in the developed region. As per the statistics by the World Bank, chemicals added 15.804% value in manufacturing in the year 2019, in the United States.

Dissolved Acetylene Gas Market Share Graph

The global dissolved acetylene gas market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global dissolved acetylene gas market includes the following segments:

By Production Method

  • Calcium Carbide
  • Hydrocarbon Pyrolysis 
  • Others

By Application

  • Chemical Synthesis
  • Welding and Cutting
  • Metal Fabrication
  • Others

By End-User

  • Aerospace
  • Shipbuilding
  • Automotive
  • Others

Growth Drivers

  • Increasing Use of Acetylene in Welding
  • Ease of Transportation of Dissolved Acetylene Gas

Challenges

  • High Cost of Dissolving Acetylene in Acetone
  • Toxic Impurities in Acetylene

Top Featured Companies Dominating the Market

  • 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

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