South Korea Acetylene Gas Market Global Outlook and Forecast 2024-2030

In Business Insights
June 16, 2025

The South Korea Acetylene Gas market demonstrates steady expansion, valued at US$ 86.4 million in 2024 with projections indicating growth to US$ 112.3 million by 2030, reflecting a CAGR of 4.5%. This industrial gas plays a critical role in metal fabrication, chemical synthesis, and construction sectors, where its high combustion temperature remains irreplaceable for precision cutting and welding applications. The market’s trajectory underscores South Korea’s position as a manufacturing hub in Northeast Asia.

Acetylene gas maintains strategic importance across heavy industries due to its unique combustion properties. Recent technological advancements in production methods and safety handling have further solidified its position in South Korea’s industrial ecosystem. Regulatory emphasis on workplace safety standards continues shaping adoption patterns among end-users.

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Market Overview & Regional Dynamics

Industrial clusters around Ulsan and Gyeonggi-do dominate acetylene consumption, driven by concentrated metalworking and petrochemical activities. South Korea’s export-oriented manufacturing sector fuels consistent demand, particularly from shipbuilding and automotive industries requiring high-precision metal joining. The market demonstrates notable resilience despite global economic fluctuations.

Regional competition comes primarily from Japanese and Chinese producers, though domestic manufacturers maintain strong footholds through distribution networks and customized gas solutions. Infrastructure modernization projects and renewable energy installations present emerging application areas beyond traditional sectors.

Key Growth Drivers and Emerging Opportunities

The market benefits from three entrenched advantages: unmatched flame temperature for metal cutting (reaching 3,100°C), compatibility with automated welding systems, and well-established distribution channels. Chemical synthesis applications account for 42% of total demand, followed by metal fabrication (38%) and niche uses in glass production and electronics.

New opportunities emerge in special gas mixtures for aerospace applications and acetylene-based specialty chemicals. The gradual shift toward localized production to mitigate supply chain risks presents potential for regional players to expand capacities. However, adoption rates vary significantly between large conglomerates and medium-sized enterprises.

Industry Challenges and Regulatory Considerations

Storage and transportation complexities pose persistent hurdles, requiring specialized equipment and trained personnel. Stringent safety regulations under Korea Gas Safety Corporation (KGS) oversight mandate regular cylinder inspections and workplace monitoring, adding operational costs. Alternative technologies like plasma cutting continue eying market share in specific applications.

Price volatility of calcium carbide—the primary raw material—remains a persistent concern for producers. Recent environmental regulations regarding carbide production residue (calcium hydroxide) disposal have prompted process optimization investments across the value chain.

Market Segmentation by Production Method

  • Calcium Carbide Process (Dominating 72% share)
  • Hydrocarbon Pyrolysis (Growing adoption)

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Market Segmentation by Application

  • Chemical Feedstock Production
  • Metal Fabrication & Welding
  • Specialty Glass Manufacturing
  • Electronic Industry Applications

Competitive Landscape and Key Players

The market features established multinationals and regional specialists:

  • Linde Korea (Praxair merger integration complete)
  • Air Liquide Korea (Expanding specialty gases)
  • Hyosung Corporation (Vertically integrated production)
  • Taiyo Nippon Sanso Korea (Technical expertise leadership)
  • Air Products Korea (Focus on bulk supply)
  • SK Materials (Strategic partnerships)
  • KG Chemical Corporation (Cost leadership)
  • Daesung Industrial Gases (Regional distribution strength)
  • Hanwha Solutions Corporation (Diversified chemical portfolio)
  • Dongbu HiTek Co., Ltd. (Niche application focus)

Comprehensive Report Coverage

This analysis provides exhaustive examination of the South Korean acetylene landscape from 2024-2030, featuring:

  • Volume and value projections with demand-supply analysis
  • Process technology evaluation including emerging production methods
  • Regulatory impact assessment on operations and compliance costs

The study incorporates primary research across the value chain:

  • 30+ manufacturer interviews
  • Distributor network mapping
  • End-user consumption pattern analysis
  • Trade flow monitoring through Busan customs data

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