Acetylene Market Overview
The acetylene market size is estimated to
reach USD13.6 billion by 2027 after growing at a CAGR of around 4.3% from 2022 to
2027. The acetylene is a colorless hydrocarbon gas and is one of the simplest alkyne.
It is used as a raw material for the chemical processing sector in producing
organic compounds such as acetic acid, acetaldehyde, and others. It has major
applications such as heat treating, oxyacetylene cutting, welding, chemical
processing, metal working, and others. The triple bond structure of the
acetylene gives it a high flame temperature, thereby making suitable for
metalworking, welding, and brazing. Moreover, the acetylene industry is
experiencing a major growth share owing to its major applications in chemical
processing and manufacturing. Furthermore, the rise in industrial, automotive,
chemicals, and glass and material processing sector is driving the growth in
acetylene market during the forecast period.
COVID-19 Impact
The
acetylene market was affected by the COVID-19 pandemic. The acetylene is
majorly used in the chemical synthesis, welding, metalworking, and others. The application
of acetylene in chemical industry for making various inorganic compounds and
synthesis of chemical components. The lockdown restrictions, raw material
unavailability, and supply disturbance has resulted in the decline for such
applications. The chemical sector was affected by the outbreak. The halt in
chemical manufacturing, shutdown of chemical plants across the globe, and logistics
disruptions created a fall in the global chemical industry. According to
National Bureau of Statistics, a decline of 21% was experienced by the chemical
manufacturing sector in China. With the falling chemical segment, the demand
for acetylene in chemical synthesis and intermediate for chemical
manufacturing. Moreover, the demand for metalworking applications of acetylene
faced a decline in pandemic due to halted manufacturing, remote working, and
commercial closures in the metal welding and assembling, and other activities,
thereby negatively impacting the growth prospect for the global acetylene
industry during covid-19.
Report Coverage
The Acetylene market report: “Acetylene
Market Report – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of
the following segments of the Acetylene Industry.
By Production: Calcium
Carbide, Thermal Cracking, and Hydrocarbon Pyrolysis
By
Application: Chemical Synthesis, Metal Working, Welding and
Cutting, Carbon Coatings, Acetylic Alcohols, and Others
By End-Use Industry: Chemical
Industry, Glass and Material Processing Industry, Aerospace, Automotive, Pharmaceuticals
and Others
By
Geography: North America (USA, Canada, and Mexico),
Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and
Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and
New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America
(Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East
(Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa,
Nigeria, Rest of Africa)
Key Takeaways
- The
acetylene market is experiencing a major drive due to its increasing
applications in various end-use industries such as metalworking, automotive,
chemicals, aerospace, and others during the forecast period.
- The
rise in application of acetylene as an intermediate raw material in chemical
manufacturing and synthesis is expected to boost the acetylene market share in
the coming years.
- The
Asia Pacific region is experiencing a major growth share in the acetylene
market due to rising metalworking, pharmaceuticals, and chemical applications
of acetylene during the forecast period.
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Acetylene Market Segment Analysis – By Production
By production process, the hydrocarbon pyrolysis
segment is
expected to have the largest share of over 30% in 2021 and is expected to
dominate the acetylene market in the coming years. The hydrocarbon pyrolysis
process is growing as it offers specific advantages such as valuable
by-products, price benefit, yield, and availability. According to World Bank,
$32 million sales was reported by the exports of producer gas, acetylene gas
generators, and others in 2020. Moreover, rising emphasis on producing
acetylene through hydrocarbon raw material, such as natural gasoline, propane,
and others, which are heavier than the methane has been made. The non- aromatic
hydrocarbons provides better reactivity of chemicals compared to partially
aromatic. Thus, with major benefits such as higher yield, and valuable end
products, the hydrocarbon pyrolysis segment is expected to gain a massive share
in the acetylene market in the coming years.
Acetylene Market Segment Analysis – By Application
By
application, the chemical synthesis
segment is expected to have the largest growth share of over 35% in 2021 and is
expected to increase the acetylene market size in the coming years. The
acetylene has major use as an intermediate in the manufacturing for the
chemicals such as 1,4 butanediol, acetylenic alcohols, and others. The
acetylene gas is also widely used in synthesis of specific vitamins such as
vitamin A, E, and others. Furthermore, the acetylene is also mixed with other
chemicals such as hydrochloric acid, chorine, and others for producing
different plastics such as PVDF, PVC, and others. According to the China
Plastic Processing Industry Association, the production capacity for PVC resins
increased from 23.47 million tons to 25.19 million tons from year 2015-2019. the
global chemical output was expected to show a growth by 3.9% in 2021. Thus, the
demand for acetylene is expected to grow with the rising performance in
chemical sector, increased manufacturing, and chemical synthesis applications
in the coming years.
Acetylene Market Segment Analysis- By End-Use Industry
By end-use industry, the chemical segment is expected to have the
largest share of over 30% in 2021 and is expected to dominate the market in the
coming years. The acetylene is widely used in the synthesis of various organic
chemical compounds. The acetylene works as a building block in chemical
industry due to its high reactivity and structural simplicity. It is mixed with
various chemical components to produce wide range of products such as polymer
additives, solvents, perfume components, and active compounds. Moreover, the
rise in recovery for chemical industry post pandemic has boosted the
application scope for acetylene. According to the World Bank, the estimated
manufacturing in chemical industry was reported to rise by 16.3% in United
States manufacturing value compared to the year 2018. Thus, with the rising
manufacturing of chemicals and synthesis appliances, the chemical industry is
expected to gain a major share in the global acetylene market in the coming
years.
Acetylene Market Segment Analysis – By Geography
The Asia Pacific holds the largest share in the acetylene market, owing to the major end-use industry in the region for the year 2021 and is expected to increase the acetylene market size by 41% during the forecast period. The growth of ethylene industry in Asia Pacific is influenced by the rising chemical processing, automotive dominance, and pharmaceuticals. The growing metalworking application in APAC is also adding to the high demand for acetylene in this region. Furthermore, the rising automotive sector in major nations such as China and India will lead to the demand for acetylene for automotive parts manufacturing and metal fabrication. According to the India Brand Equity Foundation (IBEF), around 3.50 million commercial and passenger vehicles were reported to be sold in India for the year 2020. Thus, with the growing automotive, chemical, and pharmaceutical sectors in APAC, the market for acetylene is expected to experience a major drive and growth opportunities in the coming years.
Acetylene Market Drivers
Increasing demand from the metalworking sector
The acetylene is majorly used for welding, oxyacetylene cutting, heat treating, and other applications in the metal working and fabrication. The acetylene offers high flame temperature, which makes it suitable for the metal works. The combustion of oxyacetylene offers fast preheating and piercing, therefore offering better cutting quality, cut initiation timing, and speed. According to Directorate General of Commercial Intelligence & Statistics, iron ores reached USD 2.24 billion in 2021, reporting an increase by 21% year on year, thereby boosting the metal working demand and applications. Furthermore, rising demand from metallurgical sector and use of calcium carbide is driving the acetylene market and offering major growth to the industry. The acetylene achieves a 3090°C flame temperature and allows various applications such as metal welding, cutting, brazing, and soldering. Moreover, major end-use industries such as automotive, aerospace, glass and materials, and others are widely adopting the welding and cutting applications, thereby creating a major growth in the market and offering a better acetylene industry outlook.
Increasing demand from chemical sector
The chemical industry makes major use of
acetylene for synthesis and production of various chemical compounds. The
growing applications of acetylene for chemical manufacturing and synthesis will
drive the market. Acetylene is used as a raw material or building block for
producing various inorganic compounds. The production of acetic acid,
acetylenic alcohols, butanediol, and others will boost the demand for acetylene
in the coming years. According to the American Chemistry Council (ACC), the
global chemical output was expected to show a growth by 3.9% in 2021. The bulk
quantity of acetylene is used as feedstock in chemical sector for making
organic compounds such as acetic anhydride, acetaldehyde, and others, Thus,
with growing demand in the chemical manufacturing and production, the acetylene
market will experience major drive and growth in the coming years.
Acetylene Market Challenges
Environmental threat and instability of acetylene
The acetylene is
asphyxiant and is considered to be highly unstable in nature. It can strongly
react with impurities and oxygen, resulting in major hazards. The high
concentration of acetylene can even lead to death or loss of consciousness. The
15 psig is considered as safe upper pressure limit for the acetylene. The
emissions of highly unstable acetylene in open surrounding can lead to major
health as well as negative environmental impacts. The acetylene is referred as
controlled product, Hazard Classes A, B1, and F as per the controlled product
regulations, Canadian Workplace Hazardous Materials Information System (WHIMS).
Furthermore, manufacturing and processing of acetylene requires extreme care
and precautions, thereby leading to high spending on handling and safety
measure and creating a challenge in the market.
Acetylene Market Landscape
Technology
launches, acquisitions, and R&D activities are key strategies that are
adopted by the dominant players in the acetylene market. The major acetylene
top 10 companies include:
- BASF
- Xinlong
Group
- Dongxiang
Gas
- Rexarc
- Linde
AG
- Energas
- Toho
Acetylene
- SINOPEC
- Dow
- Ho Tung Chemicals
Acquisitions/Technology Launches
- In May 2020, Linde PLC starts a latest syngas
processing plant in the United States. This plant can convert the by-product
Acetylene Off Gas (AOG) into highly valuable products for supplying to the
leading chemical manufacturers.
- In October 2020, HIMA, a leading provider of smart safety solutions offered safety solution that consists of engineering, software, and hardware to the BASF's world-scale acetylene facility. The state-of-the-art technology of HIMA safeguards the critical production in the acetylene facility project.
Relevant Reports
LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2019-2024 ($M)1.1 Metal Working Market 2019-2024 ($M) - Global Industry Research
1.2 Chemical Raw Materials Market 2019-2024 ($M) - Global Industry Research
1.3 Lamps Market 2019-2024 ($M) - Global Industry Research
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Mergers Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 Metal Working Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Chemical Raw Materials Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Lamps Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Mergers Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 Metal Working Market 2019-2024 ($M) - Regional Industry Research
5.2 Chemical Raw Materials Market 2019-2024 ($M) - Regional Industry Research
5.3 Lamps Market 2019-2024 ($M) - Regional Industry Research
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Mergers Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 Metal Working Market 2019-2024 ($M) - Regional Industry Research
7.2 Chemical Raw Materials Market 2019-2024 ($M) - Regional Industry Research
7.3 Lamps Market 2019-2024 ($M) - Regional Industry Research
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Mergers Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 Metal Working Market 2019-2024 ($M) - Regional Industry Research
9.2 Chemical Raw Materials Market 2019-2024 ($M) - Regional Industry Research
9.3 Lamps Market 2019-2024 ($M) - Regional Industry Research
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Mergers Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 Metal Working Market 2019-2024 ($M) - Regional Industry Research
11.2 Chemical Raw Materials Market 2019-2024 ($M) - Regional Industry Research
11.3 Lamps Market 2019-2024 ($M) - Regional Industry Research
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Mergers Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 Metal Working Market 2019-2024 ($M) - Regional Industry Research
13.2 Chemical Raw Materials Market 2019-2024 ($M) - Regional Industry Research
13.3 Lamps Market 2019-2024 ($M) - Regional Industry Research
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Mergers Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Acetylene Market Revenue, 2019-2024 ($M)2.Canada Acetylene Market Revenue, 2019-2024 ($M)
3.Mexico Acetylene Market Revenue, 2019-2024 ($M)
4.Brazil Acetylene Market Revenue, 2019-2024 ($M)
5.Argentina Acetylene Market Revenue, 2019-2024 ($M)
6.Peru Acetylene Market Revenue, 2019-2024 ($M)
7.Colombia Acetylene Market Revenue, 2019-2024 ($M)
8.Chile Acetylene Market Revenue, 2019-2024 ($M)
9.Rest of South America Acetylene Market Revenue, 2019-2024 ($M)
10.UK Acetylene Market Revenue, 2019-2024 ($M)
11.Germany Acetylene Market Revenue, 2019-2024 ($M)
12.France Acetylene Market Revenue, 2019-2024 ($M)
13.Italy Acetylene Market Revenue, 2019-2024 ($M)
14.Spain Acetylene Market Revenue, 2019-2024 ($M)
15.Rest of Europe Acetylene Market Revenue, 2019-2024 ($M)
16.China Acetylene Market Revenue, 2019-2024 ($M)
17.India Acetylene Market Revenue, 2019-2024 ($M)
18.Japan Acetylene Market Revenue, 2019-2024 ($M)
19.South Korea Acetylene Market Revenue, 2019-2024 ($M)
20.South Africa Acetylene Market Revenue, 2019-2024 ($M)
21.North America Acetylene By Application
22.South America Acetylene By Application
23.Europe Acetylene By Application
24.APAC Acetylene By Application
25.MENA Acetylene By Application