Acetylene Market Regional Analysis:
APAC Market Insights
The Asia Pacific acetylene market is projected to hold the largest market share by the end of 2035, attributed majorly to the increasing transportation activities in the nations including India, Japan, China, and so on, coupled with the growing sale of automobiles, the higher surge in the sale of vehicles, along with the presence of major automobile manufacturers in the region. For instance, over 3.50 million units of passenger and commercial vehicles were sold in India in 2020. Further, the major boom in the chemical industry is also estimated to potentially accelerate the acetylene market in the region as acetylene is highly used in the production of various major chemicals such as vinyl acetate, acetaldehyde, acrylonitrile, polyacetylene, polydiacetylene, and so on. In addition to this, the region's expanding construction industry and rising real estate investment are also anticipated to boost market growth in the APAC region
North American Market Insights
The North American acetylene market is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the proliferating manufacturing of aircraft, and automobiles. Based on a report, the general aviation aircraft fleet in the United States is projected to increase from 205,670 in 2021 to 210,898 by 2041. Moreover, the growing sale of vehicles in the U.S. and Canada, along with the surge in the welding, and metal fabrication industries are further estimated to raise the acetylene market growth in the region.
