Acetylene Market to Touch USD 12.4 billion by 2030; Increasing Investments Across Various Regions and Growing Automotive Industry Coupled with the Wide Usage of Acetylene, poised to Facilitate Market Growth

Acetylene market size is estimated to reach $12.4 billion by 2030, growing at a CAGR of 4.87% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Acetylene Market – By Production Type (Calcium Carbide, Thermal Cracking, Hydrocarbon Pyrolysis), By Application (Chemical Synthesis, Welding and Cutting, Polyethylene Plastics, Carbon Coatings, and Others), By End User (Automotive, Metal Fabrication, Aerospace, Pharmaceutical, Glass, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”.  The growth of the Acetylene Market is fuelled by the burgeoning chemical industry and the escalating pace of global industrialization, increasing investments across various regions and growing automotive industry coupled with the wide usage of acetylene. 

The North America Acetylene Market generated a revenue of $3.2 billion in 2023 and is projected to reach a revenue of $5.17 billion by 2030 growing at a CAGR of 5.4% during 2024-2030. The Americas region is one of the biggest markets for acetylene gas due to its industrial clusters and high manufacturing activity. Acetylene gas manufacturers in the region are increasingly adopting IoT technologies to gain real-time insights and optimize their operations. Major players like Praxair-Linde and Air Products are leveraging smart systems to monitor equipment performance and predict potential issues. This technological adoption is driven by the region's evolving energy landscape, marked by innovation, investment, and new policies. 

Acetylene's low moisture content and high flame temperature make it a valuable industrial gas, driving increased demand across sectors. In recent years, the market has seen significant investments to expand production capacity. For instance, in 2022, specialty chemical company Orion Engineered Carbons announced plans to build a new U.S. plant producing acetylene-based conductive additives, a critical component for lithium-ion batteries, high-voltage cables, and renewable energy products. Backed by a long-term acetylene supply agreement, the $120-140 million facility is expected to start operations in 2024, boosting Orion's conductive additives capacity by around 12 kilotons per year. These investments reflect the growing importance of acetylene in supporting the global transition to electrification and sustainable energy solutions.

The booming automotive industry and widespread use of acetylene in manufacturing various automotive parts are set to drive acetylene market growth. The Indian automobile market is dominated by two-wheelers and passenger cars, with two-wheelers contributing significantly to exports. The Indian government's production-linked incentive (PLI) scheme for the automobile and automotive component sectors aims to boost manufacturing, attract investments, and create jobs. The PLI scheme offers incentives up to 18% to selected manufacturers, targeting advanced automotive technology products and building a robust supply chain. These factors are expected to fuel the acetylene market's expansion in the coming years.

• In 2022, Linde announced it had signed another long-term agreement with a major space launch company in Florida for the supply of bulk industrial gases.

• In 2022, Sinopec suspended its natural gas marketing venture in Russia. China’s Sinopec has also halted a major investment in a gas chemical plant in Russia.

Key companies profiled in the Acetylene Market are Airgas, Linde, Sinopec Catalyst Co., Ltd., Jinhong Gas, Gulf Cryo, Praxair Technology, Inc. Komatsu Gas, Messer Canada Inc., Ellenbarrie Industrial Gases, Matheson Tri-Gas, Inc.