The Latin America, Middle East and Africa Acetylene Gas Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 416.1 Kilo Tonnes, showcasing a growth of 7.0% (2023-2030).
The increasing industrialization in emerging economies has opened up new opportunities for market. Growing construction, automotive, and manufacturing sectors are driving demand. The industry is experiencing a digital transformation by integrating IoT (Internet of Things) technology into gas supply systems. This enables real-time monitoring of gas levels, ensuring a constant and reliable supply. The demand for specialty gases and custom gas blends is on the rise. Industries with specific requirements, such as electronics manufacturing or aerospace, increasingly seek tailored acetylene gas mixtures to meet their unique needs.
Furthermore, with a growing focus on sustainability, there is a shift toward greener acetylene production methods. Bio-based production and carbon capture and utilization (CCU) techniques are being explored to reduce the carbon footprint of acetylene production. The market, like other industries, has experienced disruptions in its supply chain due to the COVID-19 pandemic. These disruptions have highlighted the need for resilient supply chain strategies.
The expanding middle class in Brazil has increased demand for residential and commercial real estate. Major cities like São Paulo and Rio de Janeiro have seen the construction of high-rise apartment buildings and commercial complexes. Examples include the Estação da Luz Building in São Paulo and the City Tower in Rio de Janeiro. Brazil is a major player in the oil and gas industry, with construction activities related to offshore drilling platforms, refineries, and pipelines. For instance, developing the Pre-salt oil reserves off the coast of Brazil has led to substantial construction projects, including drilling platforms and production facilities. As per the Agencia de Noticias of the Government of Brazil, in 2021, the country had 147,400 construction firms. As per the same source, the construction sector generated R$377.8 billion in value in 2021, with R$355.8 billion in works and/or services and R$22.0 billion in developments, works, and/or services (5.8%). Therefore, as construction investments grow in the LAMEA region, the demand for acetylene gas will increase significantly in the region as well.
The Brazil market dominated the LAMEA Acetylene Gas Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $164.6 Million by 2030. The Argentina market is experiencing a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 7.5% during (2023 - 2030).
Based on Application, the market is segmented into Metal Working, Chemicals, Lamps, and Others. Based on End-Use, the market is segmented into Transportation, Electric & Electronics, Building & Construction, Pharmaceutical, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Acetylene Gas Market is Projected to reach USD 5.3 Billion by 2030, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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 Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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