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U.S. Carbon Monoxide Market

U.S. Carbon Monoxide Market Decade Long Trends, Analysis and Forecast 2025-2033

U.S. Carbon Monoxide Market by Application (Metal Fabrication, Chemicals, Ore Processing & Extraction, Pharma & Biotechnology, Electronics), by Forecast 2026-2034

Jul 26 2025

Base Year: 2025

150 Pages

U.S. Carbon Monoxide Market Decade Long Trends, Analysis and Forecast 2025-2033

Key Insights

The U.S. Carbon Monoxide Market size was valued at USD 464.6 USD Million in 2023 and is projected to reach USD 649.39 USD Million by 2032, exhibiting a CAGR of 4.9 % during the forecast period. Carbon monoxide is a poisonous, flammable gas that is colorless, odorless, tasteless, and slightly less dense than air. Carbon monoxide consists of one carbon atom and one oxygen atom connected by a triple bond. It is the simplest carbon oxide. In coordination complexes, the carbon monoxide ligand is called carbonyl. It is a key ingredient in many processes in industrial chemistry. carbon monoxide is important in the production of many compounds, including drugs, fragrances, and fuels. Upon emission into the atmosphere, carbon monoxide affects several processes that contribute to climate change. U.S. Carbon Monoxide (CO) market is projected to experience growth in the coming years.

U.S. Carbon Monoxide Trends

Rising demand for carbon monoxide in the chemical industry for the production of acetic anhydride, phosgene, and methanol.
Growing adoption of carbon monoxide in the metal fabrication industry for heat treatment and annealing processes.
Increasing use of carbon monoxide in the electronics industry for the manufacturing of semiconductors and printed circuit boards.

U.S. Carbon Monoxide Market Market Size and Forecast (2024-2030) — U.S. Carbon Monoxide Market Company Market Share

Driving Forces: What's Propelling the U.S. Carbon Monoxide Market

Expanding Industrial Applications: The robust growth of diverse industrial sectors, including manufacturing, chemicals, and metals, fuels the demand for carbon monoxide as a crucial reducing agent and feedstock in numerous processes. This demand is further amplified by increasing production volumes and the expansion of existing facilities.
Technological Innovations: Significant advancements in carbon monoxide utilization technologies are creating exciting new avenues for market expansion. These innovations include improved synthesis methods for chemicals, advancements in fuel cell technology, and the development of carbon monoxide-based sustainable fuels and materials.
Strategic Government Initiatives: While not always directly promoting carbon monoxide use, government policies aimed at reducing reliance on fossil fuels and transitioning to a circular economy indirectly incentivize the development of CO-based technologies and applications that offer more sustainable alternatives.

Challenges and Restraints in U.S. Carbon Monoxide Market

Inherent Hazards and Safety Regulations: Carbon monoxide's highly toxic and flammable nature necessitates stringent safety protocols throughout its lifecycle, from production and transportation to storage and handling. These measures increase operational costs and complexity.
Evolving Regulatory Landscape and Emission Standards: The ongoing evolution of environmental regulations and emission standards poses a dynamic challenge. Companies must continuously adapt their production methods and invest in technologies that meet increasingly stringent requirements, impacting both capital expenditure and operational efficiency.
Competition from Alternative Feedstocks and Fuels: The availability of alternative, often cleaner and sometimes more cost-effective, fuels and feedstocks, such as natural gas and hydrogen, presents a considerable competitive pressure on the carbon monoxide market. This necessitates a focus on cost optimization and identifying niche applications where carbon monoxide maintains a competitive advantage.
Environmental Concerns and Sustainability Initiatives: Growing awareness of carbon monoxide's contribution to air pollution and its role in climate change is driving stricter emission controls and a push for carbon capture and utilization (CCU) technologies. Companies face pressure to minimize their environmental impact and demonstrate commitment to sustainability.

Emerging Trends in U.S. Carbon Monoxide

Carbon monoxide capture and utilization: Researchers are developing technologies to capture and utilize carbon monoxide from industrial processes, presenting opportunities for the market.
Carbon monoxide as a fuel: The use of carbon monoxide as a fuel for power generation and transportation is gaining attention as a potential alternative to fossil fuels.
Bio-based carbon monoxide: The production of carbon monoxide from biomass sources is emerging as a sustainable alternative to traditional methods.

Growth Catalysts in U.S. Carbon Monoxide Industry

Government Funding and Research Initiatives: Increased government funding allocated to research and development of carbon monoxide capture, utilization, and storage (CCUS) technologies is creating opportunities for innovation and commercialization of new applications.
Strategic Industry-Academia Collaborations: Partnerships between industrial players and research institutions are accelerating the pace of technological advancement and the development of more efficient and sustainable carbon monoxide production and utilization methods.
Expanding Applications in Emerging Sectors: The growing adoption of carbon monoxide in emerging sectors, such as renewable energy and advanced materials manufacturing, offers significant growth potential. This diversification mitigates reliance on traditional applications and opens doors to new markets.

Market Segmentation: U.S. Carbon Monoxide Analysis

By Application:

Metal Fabrication
Chemicals
Ore Processing & Extraction
Pharma & Biotechnology
Electronics

By Industry:

Manufacturing
Energy
Transportation
Healthcare

Leading Players in the U.S. Carbon Monoxide Market

Air Products (U.S.)
Praxair (U.S.)
Air Liquide (France)
Linde Plc. (Ireland)
American Gas Products (U.S.)
Sipchem (Saudi Arabia)

Significant developments in U.S. Carbon Monoxide Sector

February 2022: Linde Plc. revealed that it had expanded its agreement with Celanese Corporation to supply carbon dioxide and hydrogen in the latter’s manufacturing facility located in Texas, U.S.

February 2021: Celanese Singapore signed a contract with Linde Gas Singapore to supply carbon monoxide. Such an agreement was expected to increase the company's presence in the Singaporean market.

Comprehensive Coverage U.S. Carbon Monoxide Market Report

In-depth analysis of the U.S. carbon monoxide market size, historical growth trends, and future projections with detailed segmentation.
Identification of key market drivers, restraints, and emerging opportunities with a focus on long-term implications.
Comprehensive market segmentation by application, industry vertical, and geographic region providing granular insights.
Detailed competitive landscape analysis, including profiles of leading players, their strategies, and market share assessments.
Exploration of current industry trends, technological advancements, and potential future innovations that could reshape the market.
Strategic recommendations and insights for market stakeholders, helping them make informed decisions and capitalize on future growth opportunities.

Regional Insight

The U.S. carbon monoxide market is segmented into the following key regions, each exhibiting unique characteristics and growth dynamics:

Northeast
Midwest
South
West

U.S. Carbon Monoxide Market Market Share by Region - Global Geographic Distribution — U.S. Carbon Monoxide Market Regional Market Share

Consumer Side Analysis

Consumer behavior, preferences, and usage patterns
Consumer demographics and psychographics
Market segmentation and targeting strategies

Demand Side Analysis

Demand drivers and constraints
Demand forecasting and market projections
Impact of macro-economic factors on demand

Import And Export Analysis

U.S. carbon monoxide imports and exports data
Major trading partners and import/export trends
Impact of trade policies on market dynamics

Pricing Strategies

Pricing models and strategies adopted by key players
Factors influencing carbon monoxide pricing
Competitive pricing analysis and recommendations

Segmentation

By application:
- Metal fabrication
- Chemicals
- Ore processing & extraction
- Pharma & biotechnology
- Electronics
By industry:
- Manufacturing
- Energy
- Transportation
- Healthcare

Geographic Coverage of U.S. Carbon Monoxide Market

Higher Coverage

Lower Coverage

No Coverage

U.S. Carbon Monoxide Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 4.9% from 2020-2034
Segmentation	By Application Metal Fabrication Chemicals Ore Processing & Extraction Pharma & Biotechnology Electronics By Geography

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Rapid Increase in Building & Construction Industry Globally is anticipated to Drive Market Growth
- - 3.3. Market Restrains
  - - 3.3.1. Stringent Government Regulations Regarding Carbon Monoxide to Restrain Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Rising Emphasis on Environmentally Sustainable Iron Production to Create New Growth Opportunities
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. U.S. Carbon Monoxide Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Application
  - 5.1.1. Metal Fabrication
  - 5.1.2. Chemicals
  - 5.1.3. Ore Processing & Extraction
  - 5.1.4. Pharma & Biotechnology
  - 5.1.5. Electronics
- 5.2. Market Analysis, Insights and Forecast - by Region
  - 5.2.1.
6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 Air Products (U.S.)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Praxair (U.S.)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Air Liquide (France)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Linde Plc. (Ireland)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 American Gas Products (U.S.)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Sipchem (Saudi Arabia)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)

List of Figures

Figure 1: U.S. Carbon Monoxide Market Revenue Breakdown (USD Million, %) by Product 2025 & 2033
Figure 2: U.S. Carbon Monoxide Market Share (%) by Company 2025

List of Tables

Table 1: U.S. Carbon Monoxide Market Revenue USD Million Forecast, by Application 2020 & 2033
Table 2: U.S. Carbon Monoxide Market Volume Kiloton Forecast, by Application 2020 & 2033
Table 3: U.S. Carbon Monoxide Market Revenue USD Million Forecast, by Region 2020 & 2033
Table 4: U.S. Carbon Monoxide Market Volume Kiloton Forecast, by Region 2020 & 2033
Table 5: U.S. Carbon Monoxide Market Revenue USD Million Forecast, by Application 2020 & 2033
Table 6: U.S. Carbon Monoxide Market Volume Kiloton Forecast, by Application 2020 & 2033
Table 7: U.S. Carbon Monoxide Market Revenue USD Million Forecast, by Country 2020 & 2033
Table 8: U.S. Carbon Monoxide Market Volume Kiloton Forecast, by Country 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Carbon Monoxide Market?

The projected CAGR is approximately 4.9%.

2. Which companies are prominent players in the U.S. Carbon Monoxide Market?

Key companies in the market include Air Products (U.S.), Praxair (U.S.), Air Liquide (France), Linde Plc. (Ireland), American Gas Products (U.S.), Sipchem (Saudi Arabia).

3. What are the main segments of the U.S. Carbon Monoxide Market?

The market segments include Application.

4. Can you provide details about the market size?

The market size is estimated to be USD 464.6 USD Million as of 2022.

5. What are some drivers contributing to market growth?

Rapid Increase in Building & Construction Industry Globally is anticipated to Drive Market Growth.

6. What are the notable trends driving market growth?

Rising Emphasis on Environmentally Sustainable Iron Production to Create New Growth Opportunities.

7. Are there any restraints impacting market growth?

Stringent Government Regulations Regarding Carbon Monoxide to Restrain Market Growth.

8. Can you provide examples of recent developments in the market?

February 2022 – Linde Plc. revealed that it had expanded its agreement with Celanese Corporation to supply carbon dioxide and hydrogen in the latter’s manufacturing facility located in Texas, U.S.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Million and volume, measured in Kiloton.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "U.S. Carbon Monoxide Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the U.S. Carbon Monoxide Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the U.S. Carbon Monoxide Market?

To stay informed about further developments, trends, and reports in the U.S. Carbon Monoxide Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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