The Market Reports

Synopsis

The global market for Carbon Monoxide was estimated to be worth US$ 4061 million in 2024 and is forecast to a readjusted size of US$ 5077 million by 2031 with a CAGR of 3.3% during the forecast period 2025-2031.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Carbon Monoxide cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Carbon monoxide is a colorless, odorless, flammable, toxic gas. High-purity carbon monoxide that is dry and free of sulfur compounds is normally noncorrosive to metals at atmospheric pressure. Lower-purity grades containing moisture, sulfur compounds and other impurities can form toxic metal carbonyls and can cause stress corrosion cracking in carbon steels at elevated pressures. Chemically, carbon monoxide is stable but can act as a strong reducing agent at elevated temperatures. In the report, the data is based on industrial production of carbon monoxide, without by–product.

The carbon monoxide (CO) market primarily revolves around the development and production of detection and monitoring equipment, safety systems, and related technologies aimed at preventing CO poisoning in residential, commercial, and industrial environments. Key components include handheld CO detectors, integrated building sensors, and advanced industrial monitoring systems. Rising awareness of CO’s invisible and odorless danger has pushed households, businesses, and regulatory bodies to invest in robust detection solutions. Integration of IoT and smart-home technology has also enhanced these systems, enabling real-time alerts and remote monitoring, which further supports user safety and convenience.

On the industrial and commercial front, carbon monoxide monitoring plays a critical role in environments such as manufacturing plants, parking garages, and power generation facilities, where combustion processes are common. Here, multi-gas detectors and continuous air quality systems are essential for ensuring workplace safety, regulatory compliance, and environmental protection. Meanwhile, increasing stringency in building codes and occupational health standards has bolstered demand for CO monitoring solutions. As technology advances, the market is shifting toward more durable, accurate, and networked devices, enabling facility managers and homeowners alike to detect and mitigate CO risks more effectively.

This report aims to provide a comprehensive presentation of the global market for Carbon Monoxide, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Carbon Monoxide by region & country, by Type, and by Application.

The Carbon Monoxide market size, estimations, and forecasts are provided in terms of sales volume (Ton) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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 Carbon Monoxide.

Market Segmentation

By Company

• Linde
• Air Liquide
• Air Products
• Wison Group
• Wanhua
• Sipchem
• Messer
• Tosoh
• Yingde Gases

Segment by Type

• Commercial Grade
• Electronic Grade

Segment by Application

• Chemical Industry
• Metal Industry
• Electronic Industry
• Others

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.