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Carbon Monoxide Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jun 01, 2024
Length 173 Pages
SKU # FOB18922907

Description

Carbon Monoxide Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Carbon Monoxide Market

The carbon monoxide market size was valued at USD 3.36 billion in 2023, and the market is now projected to grow from USD 3.5 billion in 2024 to USD 4.93 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period of 2024-2032.

COVID-19 affected the commercial chemical manufacturing and its related carbon monoxide emission across the globe. Also, the reduced demand from mining industries and metal extraction due to high carbon monoxide production restrained carbon monoxide market growth.

Carbon monoxide is used in metal refine as a reducing agent In the extraction of metals, carbon monoxide is used as a reducing agent. Growing socio-economic demands across the globe over the past decade have fueled mining and metal extraction through the production of iron ore and metallic iron through specialized processes that will increase the consumption of this chemical compound, thus driving the carbon monoxide market share.

Due to depletion of oil resources, the use of solid fuels has been stimulated by the availability of efficient methods for converting solids to gaseous states. This has been led by gasification the most efficient and flexible conversion technology in the global revitalization of coal.

Comprehensive Analysis of Carbon Monoxide Market

The carbon monoxide market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by application. The applications include: metal fabrication, chemicals, ore processing and extraction, pharma & biotechnology, and electronics.

The Asia Pacific region leads the carbon monoxide market by benefitting a market size of USD 1.4 billion in 2023 due to the robust economic growth in the region.

The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Air Liquide (France) Linde Plc. (Ireland) Air Products (U.S.) Praxair Inc. (U.S.) American Gas Products (U.S.) Sipchem Company (Saudi Arabia) Messer (Germany) MESA Specialty Gases & Equipment (U.S.).

In August 2023, Air Products Company announced that it is ready to launch two new world-scale carbon monoxide (CO) projects. This new project expands the world’s largest carbon monoxide pipeline network based in the U.S. Gulf Coast.

Segmentation Table

Global Carbon Monoxide Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 4.4% from 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Components, and By Applications

By Application Metal Fabrication

Chemicals

Ore Processing and Extraction

Pharma & Biotechnology

Electronics

By Region North America (By Application and Country)

- U.S. (By Application)

- Canada (By Application)

Europe (By Application and Country)

- U.K. (By Application)

- Germany (By Application)

- France (By Application)

- Italy (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Application and Country)

- China (By Application)

- Japan (By Application)

- India (By Application)

- ASEAN (By Application)

- Rest of Asia Pacific (By Application)

South America (By Application and Country)

- Brazil (By Application)

- Mexico (By Application)

- Rest of South America (By Application)

Middle East & Africa (By Application and Country)

- GCC (By Application)

- South Africa (By Application)

- Rest of Middle East & Africa (By Application)

Table of Contents

173 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Regions
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on the Market
5. Global Carbon Monoxide Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Application (Value)
5.2.1. Metal Fabrication
5.2.2. Chemicals
5.2.3. Ore Processing and Extraction
5.2.4. Pharma & Biotechnology
5.2.5. Electronics
5.3. By Region (Volume/Value)
5.3.1. North America
5.3.2. Europe
5.3.3. Asia Pacific
5.3.4. Latin America
5.3.5. Middle East & Africa
6. North America Carbon Monoxide Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Application (Value)
6.2.1. Metal Fabrication
6.2.2. Chemicals
6.2.3. Ore Processing and Extraction
6.2.4. Pharma & Biotechnology
6.2.5. Electronics
6.3. By Country (Volume/Value)
6.3.1. U.S.
6.3.1.1. By Application (Value)
6.3.1.1.1. Metal Fabrication
6.3.1.1.2. Chemicals
6.3.1.1.3. Ore Processing and Extraction
6.3.1.1.4. Pharma & Biotechnology
6.3.1.1.5. Electronics
6.3.2. Canada
6.3.2.1. By Application (Value)
6.3.2.1.1. Metal Fabrication
6.3.2.1.2. Chemicals
6.3.2.1.3. Ore Processing and Extraction
6.3.2.1.4. Pharma & Biotechnology
6.3.2.1.5. Electronics
7. Europe Carbon Monoxide Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Application (Value)
7.2.1. Metal Fabrication
7.2.2. Chemicals
7.2.3. Ore Processing and Extraction
7.2.4. Pharma & Biotechnology
7.2.5. Electronics
7.3. By Country (Volume/Value)
7.3.1. Germany
7.3.1.1. By Application (Value)
7.3.1.1.1. Metal Fabrication
7.3.1.1.2. Chemicals
7.3.1.1.3. Ore Processing and Extraction
7.3.1.1.4. Pharma & Biotechnology
7.3.1.1.5. Electronics
7.3.2. U.K.
7.3.2.1. By Application (Value)
7.3.2.1.1. Metal Fabrication
7.3.2.1.2. Chemicals
7.3.2.1.3. Ore Processing and Extraction
7.3.2.1.4. Pharma & Biotechnology
7.3.2.1.5. Electronics
7.3.3. France
7.3.3.1. By Application (Value)
7.3.3.1.1. Metal Fabrication
7.3.3.1.2. Chemicals
7.3.3.1.3. Ore Processing and Extraction
7.3.3.1.4. Pharma & Biotechnology
7.3.3.1.5. Electronics
7.3.4. Italy
7.3.4.1. By Application (Value)
7.3.4.1.1. Metal Fabrication
7.3.4.1.2. Chemicals
7.3.4.1.3. Ore Processing and Extraction
7.3.4.1.4. Pharma & Biotechnology
7.3.4.1.5. Electronics
7.3.5. Rest of Europe
7.3.5.1. By Application (Value)
7.3.5.1.1. Metal Fabrication
7.3.5.1.2. Chemicals
7.3.5.1.3. Ore Processing and Extraction
7.3.5.1.4. Pharma & Biotechnology
7.3.5.1.5. Electronics
8. Asia-Pacific Carbon Monoxide Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Application (Value)
8.2.1. Metal Fabrication
8.2.2. Chemicals
8.2.3. Ore Processing and Extraction
8.2.4. Pharma & Biotechnology
8.2.5. Electronics
8.3. By Country (Volume/Value)
8.3.1. China
8.3.1.1. By Application (Value)
8.3.1.1.1. Metal Fabrication
8.3.1.1.2. Chemicals
8.3.1.1.3. Ore Processing and Extraction
8.3.1.1.4. Pharma & Biotechnology
8.3.1.1.5. Electronics
8.3.2. Japan
8.3.2.1. By Application (Value)
8.3.2.1.1. Metal Fabrication
8.3.2.1.2. Chemicals
8.3.2.1.3. Ore Processing and Extraction
8.3.2.1.4. Pharma & Biotechnology
8.3.2.1.5. Electronics
8.3.3. India
8.3.3.1. By Application (Value)
8.3.3.1.1. Metal Fabrication
8.3.3.1.2. Chemicals
8.3.3.1.3. Ore Processing and Extraction
8.3.3.1.4. Pharma & Biotechnology
8.3.3.1.5. Electronics
8.3.4. ASEAN
8.3.4.1. By Application (Value)
8.3.4.1.1. Metal Fabrication
8.3.4.1.2. Chemicals
8.3.4.1.3. Ore Processing and Extraction
8.3.4.1.4. Pharma & Biotechnology
8.3.4.1.5. Electronics
8.3.5. Rest of Asia Pacific
8.3.5.1. By Application (Value)
8.3.5.1.1. Metal Fabrication
8.3.5.1.2. Chemicals
8.3.5.1.3. Ore Processing and Extraction
8.3.5.1.4. Pharma & Biotechnology
8.3.5.1.5. Electronics
9. Latin America Carbon Monoxide Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Application (Value)
9.2.1. Metal Fabrication
9.2.2. Chemicals
9.2.3. Ore Processing and Extraction
9.2.4. Pharma & Biotechnology
9.2.5. Electronics
9.3. By Country (Volume/Value)
9.3.1. Brazil
9.3.1.1. By Application (Value)
9.3.1.1.1. Metal Fabrication
9.3.1.1.2. Chemicals
9.3.1.1.3. Ore Processing and Extraction
9.3.1.1.4. Pharma & Biotechnology
9.3.1.1.5. Electronics
9.3.2. Mexico
9.3.2.1. By Application (Value)
9.3.2.1.1. Metal Fabrication
9.3.2.1.2. Chemicals
9.3.2.1.3. Ore Processing and Extraction
9.3.2.1.4. Pharma & Biotechnology
9.3.2.1.5. Electronics
9.3.3. Rest of Latin America
9.3.3.1. By Application (Value)
9.3.3.1.1. Metal Fabrication
9.3.3.1.2. Chemicals
9.3.3.1.3. Ore Processing and Extraction
9.3.3.1.4. Pharma & Biotechnology
9.3.3.1.5. Electronics
10. Middle East & Africa Carbon Monoxide Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Application (Value)
10.2.1. Metal Fabrication
10.2.2. Chemicals
10.2.3. Ore Processing and Extraction
10.2.4. Pharma & Biotechnology
10.2.5. Electronics
10.3. By Country (Volume/Value)
10.3.1. GCC
10.3.1.1. By Application (Value)
10.3.1.1.1. Metal Fabrication
10.3.1.1.2. Chemicals
10.3.1.1.3. Ore Processing and Extraction
10.3.1.1.4. Pharma & Biotechnology
10.3.1.1.5. Electronics
10.3.2. South Africa
10.3.2.1. By Application (Value)
10.3.2.1.1. Metal Fabrication
10.3.2.1.2. Chemicals
10.3.2.1.3. Ore Processing and Extraction
10.3.2.1.4. Pharma & Biotechnology
10.3.2.1.5. Electronics
10.3.3. Rest of Middle East & Africa
10.3.3.1. By Application (Value)
10.3.3.1.1. Metal Fabrication
10.3.3.1.2. Chemicals
10.3.3.1.3. Ore Processing and Extraction
10.3.3.1.4. Pharma & Biotechnology
10.3.3.1.5. Electronics
11. Company Profiles
11.1. Air Liquide
11.1.1. Overview
11.1.2. Description
11.1.3. Product Portfolio
11.1.4. Financials (Data as available in public domain and/or on paid databases)
11.1.5. Recent Developments
11.2. Linde Plc.
11.2.1. Overview
11.2.2. Description
11.2.3. Product Portfolio
11.2.4. Financials (Data as available in public domain and/or on paid databases)
11.2.5. Recent Developments
11.3. Air Products
11.3.1. Overview
11.3.2. Description
11.3.3. Product Portfolio
11.3.4. Financials (Data as available in public domain and/or on paid databases)
11.3.5. Recent Developments
11.4. Praxair Inc.
11.4.1. Overview
11.4.2. Description
11.4.3. Product Portfolio
11.4.4. Financials (Data as available in public domain and/or on paid databases)
11.4.5. Recent Developments
11.5. American Gas Products
11.5.1. Overview
11.5.2. Description
11.5.3. Product Portfolio
11.5.4. Financials (Data as available in public domain and/or on paid databases)
11.5.5. Recent Developments
11.6. Sipchem Company
11.6.1. Overview
11.6.2. Description
11.6.3. Product Portfolio
11.6.4. Financials (Data as available in public domain and/or on paid databases)
11.6.5. Recent Developments
11.7. Messer
11.7.1. Overview
11.7.2. Description
11.7.3. Product Portfolio
11.7.4. Financials (Data as available in public domain and/or on paid databases)
11.7.5. Recent Developments
11.8. MESA Specialty Gases & Equipment
11.8.1. Overview
11.8.2. Description
11.8.3. Product Portfolio
11.8.4. Financials (Data as available in public domain and/or on paid databases)
11.8.5. Recent Developments
12. Strategic Recommendations

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