Dissolved Acetylene Gas Market Size & Share, by Production Method (Calcium Carbide, Hydrocarbon Pyrolysis); Application (Chemical Synthesis, Welding & Cutting, Metal Fabrication); End-user (Aerospace, Shipbuilding, Automotive) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3944
  • Published Date: May 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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.


Global Dissolved Acetylene Gas Market
Get more information on this report: Request Free Sample PDF

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

Base Year

2022

Forecast Year

2023-2035

CAGR

~3%

Base Year Market Size (2022)

~ USD 10 Billion

Forecast Year Market Size (2035)

~ USD 13 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

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 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:

     Production Method

  • Calcium Carbide
  • Hydrocarbon Pyrolysis

     Application

  • Chemical Synthesis
  • Welding and Cutting
  • Metal Fabrication

     End-User

  • Aerospace
  • Shipbuilding
  • Automotive

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Dissolved Acetylene Gas Industry - Regional Synopsis

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.

Research Nester
Global Dissolved Acetylene Gas Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Dissolved Acetylene Gas Landscape

top-features-companies
    • 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:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3944
  • Published Date: May 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are the growing production of plastic, the rising application of acetylene in the pharmaceutical sector, and the surge in the manufacturing of automotive.

The market size of dissolved acetylene gas is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2023-2035.

The major players in the market are Shandong Xinlong Group Co. Ltd., BASF SE, Praxair, Inc., China Petroleum & Chemical Corporation, and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by production method, application, end-user, and by region.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Not suitable for all materials, hold high risk, and require huge investment for specialized equipment are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Dissolved Acetylene Gas Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying