Acetylene Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 - 2027

Report Code: CMR 44698 Report Format: PDF + Excel

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.

Figure: Asia-PAcific Acetylene Market Revenue, 2021-2027 (US$ Billion)

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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:

  1. BASF
  2. Xinlong Group
  3. Dongxiang Gas
  4. Rexarc
  5. Linde AG
  6. Energas
  7. Toho Acetylene
  8. SINOPEC
  9. Dow
  10. 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.

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1. Acetylene Market- Market Overview
    1.1 Definitions and Scope
2. Acetylene Market - Executive Summary
    2.1 Key Trends by Production Process
    2.2 Key Trends by Application
    2.3 Key Trends by End Use Industry
    2.4 Key Trends by Geography
3. Acetylene Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Acetylene Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Acetylene Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Acetylene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Acetylene Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Acetylene Market – By Production Process (Market Size -$Million/Billion)
    8.1 Calcium Carbide
    8.2 Thermal Cracking
    8.3 Hydrocarbon Pyrolysis
9. Acetylene Market – By Application (Market Size -$Million/Billion
    9.1 Chemical Synthesis
    9.2 Metal Working
    9.3 Welding and Cutting
    9.4 Carbon Coatings
    9.5 Acetylic Alcohols
    9.6 Others
10. Acetylene Market – By End Use Industry (Market Size -$Million/Billion)
    10.1 Chemical Industry
    10.2 Glass and Materials Processing Industry
    10.3 Aerospace
    10.4 Automotive
    10.5 Pharmaceuticals
    10.6 Others
11. Acetylene Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Acetylene Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Acetylene Market – Industry/Competition Segment Analysis Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Acetylene Market – Key Company List by Country Premium Premium
15. Acetylene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"

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