Acetylene Prices

Acetylene Prices December 2023

In India, acetylene prices in Q4 2023 saw a downturn, reaching 3838 USD/MT in December, due to low demand from the PVC industry and ample stock levels. The market was characterized by subdued inquiries and a steady supply, which led to a noticeable drop in prices. This trend was driven by reduced buying interest and sufficient availability to meet industrial requirements.

Acetylene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acetylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of acetylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of acetylene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acetylene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acetylene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acetylene Market Analysis

The global acetylene market size reached US$ 11.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 18.4 Billion, at a projected CAGR of 5.70% during 2023-2032.

• Acetylene's capacity to generate high-temperature flames makes it indispensable in the metal fabrication sector. This gas offers unparalleled efficiency and speed, which is crucial for precise cutting and welding operations. Acetylene gas consumption is anticipated to soar in the upcoming years as the market for metal fabrication equipment, such as cutting, welding, and machining, is predicted to expand at a 4.1% annual rate and reach a total value of US$ 102 billion by 2032.
• Additionally, acetylene is in high demand in the infrastructure development industry because of its vital role in building skyscrapers, public utilities, and bridges. In addition, governments everywhere are making significant investments in infrastructure development projects. For instance, in India, for the 2024 fiscal year, the government has set aside 3.3% of GDP for infrastructure investments. It has also set a lofty goal to construct 35 multi-modal logistics parks (MMLP), 220 airports, and 2 lakh km of national highways. Further estimates from the European Investment Bank put the EU's annual infrastructure building needs for transportation, energy, water, and telecoms at Euro 688 billion.
• The automotive industry is embracing acetylene due to its vital role in enabling strong welds and precise cuts that maintain the structural integrity and performance of vehicles. Furthermore, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the production of passenger cars across the globe reached 50 million units in 2022, which was a 9% increase from the previous year. Beyond this, the market for commercial vehicles is expected to be USD 1114.2 billion by 2032, growing at an annual rate of 3.6%.
• Moreover, acetylene is an important feedstock in the chemical industry. It is used in the synthesis of acetic acid, vinyl chloride, and acetaldehyde, among other chemicals. The market for acetic acid is anticipated to grow by 5.5% between 2024 and 2032, reaching a value of US$ 19.5 billion by 2032. Also, the acetaldehyde industry is projected to reach US$ 2.5 billion by 2032, growing at 4.55% annually. These upward trends showcase the importance of acetylene in the chemical industry.

Acetylene News

The report covers the latest developments, updates, and trends impacting the global acetylene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acetylene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acetylene price trend.

Latest developments in the acetylene industry:

• In October 2023, SCG Chemicals and Denka announced a partnership to jointly construct a plant for the production of acetylene black in Rayong Province, Thailand. Under this partnership, a joint venture company will be established with a purpose to improve the production and sales system for Denka’s acetylene black. Also, the new manufacturing plant will have an annual production capacity of around 11000 tons.
• In May 2022, Orion announced its plan to open a new facility in La Porte, Texas to manufacture acetylene-based conductive additives. Under this plan, Orion will invest anywhere between $120 million and $140 million in the construction process. This new facility will expand the company’s output capacity by approximately 12 kilotons per year.

Product Description

Acetylene (C2H2), sometimes referred to as ethyne, is a colorless, combustible gas with a faint smell similar to garlic. It gives a boiling and sublimation point of -119 °F and -84.7 °C, respectively, and has a molecular weight of 26.04 g/mol. Water and a number of organic substances, including acetone, benzene, and chloroform, can dissolve acetylene.

It is produced by electric arc, incomplete combustion, and high-temperature regenerative processes from gaseous or liquid hydrocarbons. Using the carbide technique, acetylene is also produced by reacting calcium carbide with water.

Acetylene finds use in many processes, including gas chromatography, atomic absorption spectroscopy, ripening fruit, welding, cutting, metal fabrication, chemical synthesis, street lamps, portable illumination, and ceramics manufacturing.

Regional Coverage

The report provides a detailed analysis of the acetylene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast, and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the acetylene price trend.

Global Acetylene Price

The report offers a holistic view of the global acetylene pricing trends in the form of acetylene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into acetylene historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into acetylene price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acetylene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Acetylene Price

The European acetylene market in the final quarter of 2023 experienced a period of volatility, influenced by a mix of global supply chain issues and regional developments. Prices initially continued their upward momentum from Q3, spurred by the increased cost of calcium carbide. Disruptions in supply chains across the world contributed to a shortage in materials and hiked prices, while industrial demand remained stable with some fluctuations in construction demand. Geopolitical factors, including ongoing tensions in Ukraine, also played a role in shaping the market by impacting energy costs and economic stability. Regional differences in pricing were evident, with Western and Central Europe generally facing higher prices than Eastern Europe.

This analysis can be extended to include detailed acetylene price information for a comprehensive list of countries.

North America Acetylene Price

During the fourth quarter, the North American market experienced notable fluctuations, largely driven by a combination of domestic and international factors. Reduced requirements from key sectors like construction led to a continued downward trend. By the end of Q4, there was a small recovery, mostly spurred by seasonal adjustments and expectations for stronger requirements in early next year. In spite of stable calcium carbide costs, acetylene stocks were ample, which, alongside wider economic challenges, led to circumspect purchasing and a decrease in overall demand.

Specific acetylene historical data within the United States and Canada can also be provided.

Middle East and Africa Acetylene Price

The report explores the acetylene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acetylene prices for countries can also be provided.

Asia Pacific Acetylene Price

In the Asia Pacific region, the market was shaped by several key factors affecting pricing trends. A noticeable decline in demand from the PVC industries led to lower inquiries, thereby pushing prices down. The cost and availability of feedstocks like calcium carbide were significant, with expectations of rising prices adding to manufacturing expenses. Additionally, global shipping costs and fluctuating trade volumes further affected the market dynamics. The region saw sufficient accessibility of acetylene to meet industrial needs, but overall demand remained subdued, causing a drop in prices.

This acetylene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Acetylene Price

The analysis of acetylene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acetylene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acetylene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The acetylene price charts ensure our clients remain at the forefront of the industry.