Acetylene (C2H2) is a colorless, combustible gas with a distinctive odor. It is the simplest member of the hydrocarbon family, consisting of two carbon atoms and two hydrogen atoms. Acetylene is primarily used as a fuel for welding and cutting metals, in organic synthesis, and as a fuel for lamps and heaters.
As a fuel, acetylene is valued for its high heat of combustion and portability. It is used extensively in the welding and cutting of metals in many industries, including construction, automotive, and manufacturing. Acetylene is also used in organic synthesis to create and modify a variety of compounds, such as pharmaceuticals, plastics and dyes.
Acetylene is produced commercially by the partial oxidation of methane (CH4) or ethylene (C2H4) using air or oxygen. The primary global producers of acetylene are located in the United States, Europe, and Asia. The global market for acetylene is estimated to be around $3 billion in 2018, with the largest market share held by North America.
The global Acetylene market was valued at US$ 3833.9 million in 2022 and is anticipated to reach US$ 3346.6 million by 2029, witnessing a CAGR of -1.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Acetylene Market available at: https://www.themarketreports.com/report/global-acetylene-market-research-report
This report aims to provide a comprehensive presentation of the global market for Acetylene, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Acetylene.
The key Acetylene manufacturers are Linde, Airgas, Praxair, Toho Acetylene, Gulf Cryo, ILMO, BASF, DowDuPont, Ho Tung Chemical, SINOPEC, Markor, Lutianhua, Jiuce Group, Xinju Chemical, JinHong Gas, Xinlong Group etc. Top 3 companies occupied about 21% market share.
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