The Acetylene Gas market size is forecast to reach US$8.2 billion by 2027, after growing at a CAGR of 5.5% during 2022-2027.
Acetylene is a compound of carbon and hydrogen known as hydrocarbon and is also the simplest alkyne. Acetylene is mainly produced by the hydrocarbon pyrolysis method and is also commercially generated by the chemical reaction between calcium carbide and water. Acetylene gas is used as an intermediate for the manufacturing of chemicals and also in brazing, soldering, cutting and welding functions in metal fabrication applications. It is also used across various end-use industries, including chemical, automotive, aerospace and pharmaceutical. According to the China Association of Automobile Manufacturers, the total production of a new passenger car in April 2022 is around 996,000 units and commercial vehicles are around 210,000 units.
