As per the latest report by IMARC Group, titled “Acetylene Gas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global acetylene gas market is expected to grow at a CAGR of 3.2% during 2022-2027. Also known as ethyne, acetylene (C2H2) is a flammable, colorless gas produced from hydrocarbon sources, such as naphtha, crude oil and coal. It has a faint garlic-like odor due to the presence of phosphine and becomes highly explosive when heated, liquefied, compressed or mixed with air. It is widely utilized as a fuel, chemical building block and raw material in the production of polyester plastics and polyurethane. Moreover, acetylene is one of the most preferred gases used in various industries, such as aerospace, automotive and transportation, for oxyacetylene welding and cutting.
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Global Acetylene Gas Market Trends:
Acetylene gas is utilized in synthesizing chemicals, such as acetic acid, acetaldehyde and acetic anhydride. Moreover, as it assists in creating lubrication between the surface of different materials, it finds applications in the glass and materials processing industries for carbon coating. Apart from this, acetylene gas is used for various metalworking applications, such as brazing, welding, soldering, heat treating and oxyacetylene cutting. Furthermore, on account of rising environmental concerns and stringent government policies, leading players are increasing their R&D activities to generate acetylene gas from biogas and other bio-based fuels.
- Based on the production method, the market has been bifurcated into calcium carbide and hydrocarbon pyrolysis.
- On the basis of the application, the market has been segmented into chemical synthesis, welding and cutting, metal fabrication, and others.
- Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being Airgas, Inc., BASF SE, China Petroleum and Chemical Corporation, Gulf Cyro, Hebei Xingyu Chemical Co. Ltd., Ilmo Products Company, Linde Plc, Praxair, Inc., Shandong Xinlong Group Co. Ltd., Suzhou Jinhong Gas Co. Ltd., Dow Chemical Company and Toho Acetylene Co. Ltd.
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