Analysis of Segments and Major Growth Areas in the Acetylene Market

The acetylene market is on a promising growth trajectory, driven by various industrial and technological advancements. As industries continue to expand and innovate, the demand for acetylene is set to rise, shaping the future landscape of this vital chemical market. Let's explore the market size, major players, evolving trends, and key segments that define the acetylene industry today.

Projected Market Size and Growth Outlook for the Acetylene Market
The acetylene market is projected to experience significant expansion, reaching a valuation of $17.64 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 7.7% over the forecast period. Factors contributing to this upward trend include increased infrastructure development, growing repair and maintenance activities, and the broadening scope of industrial manufacturing. In addition, advancements in gas handling safety and sustained demand from fabrication workshops further support this market's solid outlook. Key trends driving the market encompass steady demand in welding and cutting applications, ongoing use in metal fabrication, rising industrial gas consumption, growth in manufacturing operations, and a preference for high-temperature fuel gases.

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Prominent Players Leading the Acetylene Market
The acetylene landscape is shaped by several influential companies that hold strong market positions. Notable firms include Linde plc, Air Liquide, Air Products and Chemicals Inc, Messer Group, SOL S.p.A., BASF SE, Sinopec, Markor Chemical Industry, Lutianhua Group, Toho Acetylene Co. Ltd, Suzhou Jinhong Gas Co. Ltd, SIG Gases Berhad, Cryogas, Sichuan Vinylon Works, Xinju Chemical Co. Ltd, Chengdu Xinju Chemical Co. Ltd, Jiuce Group, Dongxiang Gas, Ho Tung Chemical, Gulf Cryo, and Matheson Gas.
A notable recent development in this sector occurred in June 2024, when Transform Materials LLC, a US-based clean-tech company specializing in producing acetylene and hydrogen from short-chain hydrocarbons, teamed up with Johnson Matthey Plc. This partnership aims to reduce the carbon footprint in polyvinyl chloride (PVC) production. By combining Transform Materials' low-carbon acetylene technology with Johnson Matthey's mercury-free hydrochlorination catalyst, the collaboration focuses on enabling a mercury-free pathway for PVC manufacturing. Johnson Matthey Plc is a UK-based company renowned for its expertise in advanced catalysis and sustainable chemical technologies.

Key Trends Shaping the Acetylene Industry
One important trend in the acetylene market is the increasing focus on lithium-ion battery production. Leading companies are investing in this area to enhance energy storage solutions, improve battery efficiency, and address the rising demand for sustainable energy applications. Lithium-ion batteries rely on lithium ions as charge carriers, offering high energy density, lightweight construction, and long cycle life. These qualities make them essential across consumer electronics, electric vehicles, and renewable energy systems.
For example, in November 2023, Transform Materials joined forces with Denka Company Limited, a Japan-based chemical firm, to pioneer a microwave plasma technology that produces acetylene and hydrogen without emitting CO2. This breakthrough positions Transform Materials as a leader in sustainable chemical production and supports the move toward low-carbon acetylene manufacturing, which is critical for green lithium-ion battery development.

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Overview of Leading Segments in the Acetylene Market
This report categorizes the acetylene market into several key segments to provide a detailed understanding of its structure:
1) By Type: Calcium Carbide-Based Acetylene and Hydrocarbon crac*king-Based Acetylene.
2) By Production Technology: Electric Arc Furnace Calcium Carbide Process, Partial Oxidation crac*king Process, and Non-Oxidative Thermal crac*king Process.
3) By Application: Welding and Metal Cutting, Metal Fabrication and Maintenance, Chemical Synthesis and Intermediates, Aerospace and Heavy Engineering Applications, and Other Applications.
4) By End-Use Industry: Metal Fabrication and Engineering, Automotive Manufacturing, Aerospace and Defense, Chemical and Pharmaceutical Industries, Shipbuilding and Repair, and Other End User Industries.
Further subsegments under calcium carbide-based acetylene include Electric Arc Furnace Method and Submerged Arc Furnace Calcium Carbide Process. The thermal crac*king process is further divided into Partial Oxidation (Oxy-Fuel crac*king) Process, Non-Oxidative Thermal crac*king Process, and Plasma crac*king Process.

This segmentation allows for targeted analysis of production methods, application areas, and industry-specific demand, offering a comprehensive view of the acetylene market's dynamics.

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This release was published on openPR.