Acetylene Market Size Worth USD 6.09 Billion in 2032 | Emergen Research

The global acetylene market size was USD 3.60 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.4% during the forecast period. The global acetylene market is witnessing significant growth, driven by increasing demand for acetylene as a fuel gas and its widespread usage in the metalworking sector worldwide. Acetylene gas plays a vital role in various manufacturing processes, including brazing, welding, and cutting, making it a cornerstone in industrial operations.

Market Drivers:

Rising demand for acetylene in chemical production is a key factor propelling market revenue growth. Acetylene serves as a crucial raw material for synthesizing organic compounds, such as 1,4-butanediol, essential in the creation of polyester and polyurethane polymers. Moreover, acetylene finds applications in the manufacturing of various polyethylene polymers, further boosting its demand.

Get Free Sample Report and Related Graphs & Charts @https://www.emergenresearch.com/request-sample/2614

Market Restraints:

However, the harmful impacts of acetylene at high concentrations pose a challenge to market growth. Acetylene, when present at concentrations above certain thresholds, can cause reversible narcosis and pose serious fire and explosion hazards, necessitating stringent safety regulations in industrial settings.

Market Trends:

A notable trend in the acetylene market is its utilization in scientific investigations, particularly as a potential alternative fuel source. Research is underway to explore acetylene gas production as a renewable alternative to conventional fossil fuels, holding promise for various industrial applications, including power transformer monitoring and diagnosis through Dissolved Gas Analysis (DGA).

Market Segment Insights:

• Acetylene Type:

The market is segmented into calcium carbide production, thermal cracking process, and hydrocarbon pyrolysis production. The dominance of the thermal cracking process segment is attributed to sustainable chemical production methods.

• Application:

Segments include chemical synthesis, metal working, welding and cutting, carbon coatings, acetylic alcohols, and others. Chemical synthesis holds a significant market share due to the versatility of acetylene in various synthetic applications.

Market Outlook:

The automotive segment is expected to witness substantial growth, driven by the increasing durability of acetylene and its applications in enhancing the functionality and robustness of automotive parts. Additionally, the chemical industry segment is poised for rapid expansion, fueled by the growing application of acetylene in chemical synthesis processes.

Request A Discount On The Report @https://www.emergenresearch.com/request-discount/2614

About the Acetylene Market:

The global acetylene market is experiencing robust growth driven by its diverse applications in manufacturing industries, chemical production, and scientific research. With increasing demand for acetylene across various sectors, the market is poised for significant expansion in the coming years.

Acetylene Top Companies and Competitive Landscape

The global acetylene market is fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective acetylene solutions in the market.

• Linde plc
• Sichuan Vinylon
• BASF SE
• Dow
• DuPont
• Xinjiang Shanzhi Education Technology Co., Ltd.
• Airgas, Inc.
• Gulf Cryo
• ILMO Products Company
• Fujian Jiuce Group Co., Ltd.
• NIPPON SANSO HOLDINGS CORPORATION
• Axcel Gases
• Air Products and Chemicals, Inc.
• Air Liquide India
• Asia Technical Gas Co Pte Ltd.
• Jinhong Gas Co., Ltd.
• KOATSU GAS KOGYO CO., LTD.
• NOL Group
• TOHO ACETYLENE Co.
• HEBEI XINGYU CHEMICAL CO., LTD.

Acetylene Latest Industry News

• On 25 May 2023, Transform Materials LLC. and Denka Company Limited signed a multi-year facility development and installation agreement to construct an on-site solution that uses green chemistry to produce the first-ever Carbon Dioxide (CO2)-free acetylene. Denka plans to invest USD 623 million as a part of Mission 2030 to cut CO2 emissions by 60% compared to fiscal 2013. The company is also moving forward with portfolio transformation by putting Transform Materials' green technologies to use and setting up a low-carbon manufacturing process.

• On 5 May 2022, Orion Engineered Carbons, a specialty chemical company, announced its plans to construct the first conductive additives plant in the U.S. based on acetylene. The building of this acetylene-based conductive additives plant is expected to propel the global shift to electrification and renewable energy by serving as a vital link in the value chain for products such as high-voltage cables and lithium-ion batteries. A long-term deal for acetylene supply from a nearby site held by Equistar Chemicals LP, a LyondellBasell subsidiary, will support Orion's proposed factory in La Porte, Texas, south of Houston.

Request Customization Of The Report @https://www.emergenresearch.com/request-for-customization/2614

Acetylene Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global acetylene market on the basis of type, sales channel, application, end-use industry, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Calcium Carbide Production
o Thermal Cracking Process
o Hydrocarbon Pyrolysis Production

• Sales Channel Outlook (Revenue, USD Billion; 2019-2032)
o Direct Company Sale
o Direct Import
o Distributors and Traders

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Chemical Synthesis
o Metal Working
o Welding and Cutting
o Carbon Coatings
o Acetylic Alcohols
o Others

• End-use Industry Outlook (Revenue, USD Billion; 2019-2032)
o Chemical Industry
o Glass and Material Processing Industry
o Aerospace
o Automotive
o Pharmaceuticals
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

For Detailed information click @ https://www.emergenresearch.com/industry-report/acetylene-market

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

This release was published on openPR.