Dissolved Acetylene Gas Market Trends

  • Report ID: 3944
  • Published Date: Jul 26, 2024
  • Report Format: PDF, PPT

Dissolved Acetylene Gas Market Trends

Grwoth Drivers - 

  • Growing Production of Plastic - The most popular application for acetylene is as a raw material for the synthesis of other organic compounds. These include 1,4-butanediol, which is crucial for the manufacturing of polyester and polyurethane polymers. So, with the growing production of plastic, the demand for dissolved acetylene gas is also slated to grow.
  • Rising Application of Acetylene in the Pharmaceutical Sector - Acetylene is utilized in the manufacture of a variety of medications. Aspirin, paracetamol, and other painkillers to name a few. It is also employed in the manufacture of several antibiotics, including ampicillin and penicillin. Some cancer medications, such as doxorubicin and vincristine, are also made using acetylene. A few hormones, including estrogen and testosterone, are also made using acetylene.
  • Surge in Manufacturing of Automotive- In 2021, more than 79 million vehicles were produced. This number indicates an increase of around 2% from the prior year. Owing to this, more acetylene gas is used in the manufacturing of automotive parts.

Challenges

  • Not unsuitable for All Materials
  • Hold High Risk - If done incorrectly, oxy-acetylene welding could potentially be risky. The torch's flames have a maximum temperature of 6,000 degrees Fahrenheit, which makes severe burns very likely. Additionally, this method of welding uses highly volatile acetylene gas, therefore improper equipment use increases the risk of explosions. Hence, this factor is estimated to hinder the growth of the market.
  • Require Huge Investment for Specialized Equipment

Dissolved Acetylene Gas Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

3.3%

Base Year Market Size (2023)

USD 10.33 Billion

Forecast Year Market Size (2036)

USD 15.75 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 3944
  • Published Date: Jul 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of dissolved acetylene gas is assessed at USD 10.64 Billion.

The dissolved acetylene gas market size was valued at USD 10.33 Billion in 2023 and is projected to reach USD 15.75 Billion by the end of 2036, expanding at around 3.3% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market are the growing production of plastic, the rising application of acetylene in the pharmaceutical sector, and the surge in the manufacturing of automotive.

Asia Pacific is predicted to have the highest growth by 2036, impelled by growing production of chemicals.

Shandong Xinlong Group Co. Ltd., BASF SE, Praxair, Inc., China Petroleum & Chemical Corporation, Linde plc, Gulf Cryo, The Messer Group GmbH, Akzo Nobel N.V., AmeriGas Partners, L.P., Airgas USA LLC
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