The South Korea Acetylene Gas market continues its steady expansion, reaching a valuation of USD 86.4 million in 2024. Industry projections indicate sustained growth at a CAGR of 4.5%, potentially reaching USD 112.3 million by 2030. This upward trajectory reflects the gas’s critical role in metal fabrication, chemical synthesis, and construction activities across South Korea’s advanced manufacturing sector.
Acetylene gas remains indispensable for oxy-acetylene welding and cutting applications due to its high flame temperature (3,160°C). Beyond traditional uses, it’s gaining importance in specialty chemical production, particularly for vinyl chloride monomers used in PVC manufacturing. The market evolution reflects both industrial demand shifts and technological advancements in gas production and handling.
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/278911/global-south-korea-acetylene-gas-market-2024-2030-415
Market Overview & Regional Analysis
South Korea’s acetylene market demonstrates unique characteristics shaped by its export-oriented industrial economy. The Ulsan and Gyeonggi industrial clusters account for approximately 65% of domestic consumption, driven by concentrated shipbuilding and automotive manufacturing activities. While global markets show regional variations, South Korea maintains technological leadership in gas handling safety systems.
Compared to neighboring markets, South Korea shows greater adoption of hydrocarbon pyrolysis production methods (accounting for 58% of supply) versus traditional calcium carbide processes. This reflects both environmental considerations and the availability of petrochemical feedstocks from domestic refiners. The government’s Green Industry Promotion Act continues influencing production method preferences across the sector.
Key Market Drivers and Opportunities
The market benefits from three core drivers: ongoing infrastructure projects including the GTX urban rail expansions, resurgence in shipbuilding orders, and growth in specialty chemical applications. Welding applications dominate at 42% of consumption, followed by chemical synthesis at 37%. Emerging opportunities include:
• High-purity acetylene for electronics manufacturing
• Portable acetylene generators for construction sites
• Closed-loop recycling systems for welding operations
Recent investments by Hyosung Corporation in automated cylinder filling plants highlight the industry’s modernization trend. The rise of compact acetylene storage solutions also addresses space constraints in urban industrial zones.
Challenges & Restraints
The market faces several headwinds, primarily strict Chemical Control Act regulations governing storage and transportation. Other challenges include:
• Competition from alternative joining technologies (laser welding, structural adhesives)
• Volatility in carbide and petroleum feedstock prices
• High insurance costs for storage facilities in urban areas
• Skilled labor shortages in gas welding professions
Safety concerns remain paramount following the 2022 Gwangju industrial accident, which prompted stricter cylinder inspection protocols. Many small-scale users are transitioning to rental cylinder models rather than maintaining their own inventories.
Market Segmentation by Type
- Calcium Carbide Production Method
- Hydrocarbon Pyrolysis Method
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/278911/global-south-korea-acetylene-gas-market-2024-2030-415
Market Segmentation by Application
- Chemical Synthesis
- Welding and Metal Fabrication
- Specialty Cutting Applications
- Other Industrial Uses
Competitive Landscape
The market features a mix of global gas leaders and domestic specialists:
- Linde Korea
- Air Liquide Korea
- Daesung Industrial Gases
- Taiyo Nippon Sanso Korea
- SK Materials
- KG Chemical Corporation
- Hyosung Corporation
Recent developments include Air Products Korea’s 2023 acquisition of a regional distributor and Hanwha Solutions’ expansion of acetylene derivative production capacity. The competitive landscape shows increasing vertical integration, with several players now controlling everything from production to cylinder distribution.
Report Scope
This comprehensive analysis covers the South Korean acetylene gas market from 2019-2030, featuring:
- Historical data and 7-year forward projections
- Production method analysis (carbide vs. hydrocarbon routes)
- Application segment growth trends
- Pricing analysis by purity grade and delivery mode
- Regulatory impact assessment
The research methodology combines:
- Plant-level capacity audits
- Distributor channel surveys
- End-user demand analysis across 12 industries
- Techno-economic modeling of production alternatives
Get Full Report Here: https://www.24chemicalresearch.com/reports/278911/global-south-korea-acetylene-gas-market-2024-2030-415
About 24chemicalresearch
Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
- Plant-level capacity tracking
- Real-time price monitoring
- Techno-economic feasibility studies
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.
International: +1(332) 2424 294 | Asia: +91 9169162030
Website: https://www.24chemicalresearch.com/
Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch
- Bio-Based Barrier Coatings for Packaging Papers Market, Global Outlook and Forecast 2025-2032 - June 24, 2025
- Aromatic 150 (C10 Aromatic Solvent) Market, Global Outlook and Forecast 2025-2032 - June 24, 2025
- Global Wireless Bioimpedance Devicess Market Research Report 2024(Status and Outlook) - June 24, 2025