Acetylene, commonly known as wind coal or calcium carbide gas, with the chemical formula C2H2, is the smallest member of alkyne compounds in terms of volume. Acetylene is a colorless gas at room temperature and pressure, slightly soluble in water, soluble in ethanol, acetone, chloroform, benzene, and mixed in ether.

Overview of Global Acetylene Market Development and Analysis of Segmented Markets

According to our research data, the total revenue of the global acetylene market is expected to reach $2766 million in 2023. In the future, with the continuous advancement of industrialization in various countries around the world, the demand for acetylene will continue to increase, and the market will continue to expand. It is expected that the total revenue of the global acetylene market will increase to $2944 million by 2026.

The main methods for industrial production of acetylene include thermal cracking (including coal plasma cracking and hydrocarbon cracking) and calcium carbide processing. Data shows that approximately 62% of acetylene worldwide is obtained through the calcium carbide method. This method is recognized by the industry for its technological advantages of simple process, easy operation, and high product purity, but it also has shortcomings such as high consumption and serious pollution.

From downstream applications, acetylene, as an important organic chemical raw material, can be used to produce acetaldehyde, acetic acid, acetone, pentaerythritol, propargyl alcohol, 1,4-butanediol, 1,4-butanediol, butadiene, isoprene, vinyl chloride, vinylidene chloride, methylstyrene, vinyl acetylene, vinyl ether, acrylic acid and its esters, etc. It is also an important monomer for synthesizing polymer materials such as rubber, fibers, and plastics. In addition, acetylene can also be used in fields such as metal welding or cutting, as well as oxyacetylene welding and cutting. Among all application fields, the chemical raw material field is the largest downstream application market for acetylene. Data shows that in 2023, the consumption of acetylene in the field of chemical raw materials is expected to reach 729k tons, with a market share of 88.21%.

Source: www.globalmarketmonitor.com

Analysis of the Competitive Landscape in the Global Acetylene Market

From the perspective of market competition, the concentration of the global acetylene market is relatively low. Data shows that in 2020, the top 3 enterprises in the industry produced a total of 236.2 tons of acetylene, with a total production value of $696 million and a total production value share of only 28.62%. The top three companies were BASF, SINOPEC, and Markor. In 2020, these three companies accounted for 10.16%, 9.25%, and 9.21% of the global acetylene production, respectively.

Acetylene Production, Production Value, and Share Statistics of Main Enterprises in 2020

Enterprises	Production (K Tons)	Production Value (Million USD)	Share
BASF	76.1	247	10.16%
SINOPEC	80.2	225	9.25%
Markor	79.9	224	9.21%
Top3	236.2	696	28.62%
Global	769.3	2432	100%

Source: www.globalmarketmonitor.com

Analysis of the Development Prospects of the Global Acetylene Market

Market demand growth:With the advancement of industrialization, the demand for acetylene will continue to grow. Especially in the fields of flame treatment, cutting, and welding, the demand for acetylene will be even stronger.

Technological innovation enhances production capacity:To solve the problem of overcapacity, the acetylene industry needs to increase technological innovation efforts, improve production efficiency, and reduce production costs. This will help to increase the production and quality of acetylene, meeting market demand.