According to a new report, published by KBV research, The Global Acetylene Gas Market size is expected to reach $5.3 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,032.4 Kilo Tonnes, experiencing a growth of 5.3% (2019-2022).
The Metal Working segment is leading the Global Acetylene Gas Market by Application in 2022 thereby achieving a market value of $1.7 Billion by 2030. When combined with oxygen, acetylene gas produces a high-temperature flame that is ideal for welding and cutting metal. This precise and efficient method is widely used in various metalworking applications, including automotive manufacturing, construction, shipbuilding, and metal fabrication. In particular, the construction and automotive sectors have remained significant consumers of acetylene gas for welding, cutting, and metal fabrication. Thus, these factors will help raise the demand for acetylene gas in the coming years.
The Building & Construction segment has shown the high growth rate of 5.9% during (2023 - 2030). Investments in infrastructure projects lead to an increased demand for acetylene gas, which is necessary for cutting and welding structural materials. Rapid urbanization and population growth often increase construction activities, boosting the need for acetylene gas in metal fabrication and construction. Regular maintenance and repair work in the construction sector also requires welding and cutting, contributing to the demand for acetylene gas. Acetylene gas is commonly used to construct industrial facilities and manufacturing plants, which can see growth with expanding industries. Therefore, the segment will expand rapidly in the future.
The Asia Pacific region dominated the Global Acetylene Gas Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.8 Billion by 2030. The North America market is anticipated to grow at a CAGR of 4.8% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 5.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/acetylene-gas-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of BASF SE, Airgas, Inc. (L’AIR LIQUIDE S.A.), Gulf Cryo, Linde plc, The Dow Chemical Company, Asia Technical Gas Co (Pte) Ltd, Jinhong Gas Co., Ltd, Koatsu Gas Kogyo Co., Ltd., Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings), and Butler Gas Products Company.
By Application(Volume, Kilo Tonnes, USD Million, 2019-2030)
By End-Use (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
