Market Size of Acetylene Industry
| Study Period | 2018-2028 |
| Market Volume (2023) | 11.39 Million tons |
| Market Volume (2028) | 12.91 Million tons |
| CAGR (2023 - 2028) | 2.54 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Acetylene Market Analysis
The Global Acetylene Market size is expected to grow from 11.39 million tons in 2023 to 12.91 million tons by 2028, at a CAGR of 2.54% during the forecast period (2023-2028).
The COVID-19 pandemic negatively impacted the demand for acetylene. The lockdown in various countries led to supply chain constraints that significantly obstructed the expansion of the industry. However, the market recovered last year, and it is expected to grow at a significant rate during the forecast period.
- The major factors driving the market studied include the continuous demand in global metalworking industries and increasing demand in chemical production.
- However, stringent environmental regulations and the harmful effects of acetylene at higher concentrations are expected to hinder the growth of the market.
- Furthermore, the application of acetylene gas for various scientific research is likely to act as an opportunity for the market studied over the forecast period.
- The Asia-Pacific dominated the market across the world, with the largest consumption from countries like China and India.
