Market Overview:
The global high purity carbon monoxide for chemical market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for organic synthesis raw materials and chemical fuel. In addition, the growing use of high purity carbon monoxide as a reducing agent is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. On the basis of type, 99.9-99.999% grade held a major share in 2017 and is expected to maintain its dominance during the forecast period owing to its widespread use across various applications such as organic synthesis raw materials (phosgene synthesis, formic acid synthesis), chemical fuel, reducing agent and others).
Product Definition:
High purity carbon monoxide is a colorless, odorless gas that is slightly heavier than air. It is used as a chemical reagent and in metal refining.
99.9-99.99%:
99.9-99.999% purity carbon monoxide is also known as high purity carbon monoxide or HPCCMO for short and it's a special type of gas that has very few impurities in it, the most common ones being nitrogen and argon which have been removed to an extent where they can be ignored completely. The other impurities that are present in 99.9-99.999% pure carbon monoxide are; helium, hydrogen, oxygen, etc.
99.99-99.999%:
99.99-99.999% is a range of purity levels that represents the purity level from 99.9% to 99.9999%. It means there won’t be even one molecule of impurities like oxygen, water, or other compounds in it which makes it ideal for applications where impurities might cause problems such as in pharmaceuticals and chemical industries where high accuracy and precision are required for processes involving expensive catalysts or reactants etc.
Application Insights:
Chemical synthesis application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. This is attributable to increasing demand for high purity carbon monoxide from various chemical manufacturers across the globe. The CO produced in this process has 99.999% purity level which makes it an ideal raw material for use in chemical synthesis applications.
The other applications include pharmaceuticals, cosmetics and food processing industries among others where it finds major uses as a reducing agent or a gas purifier respectively.
Regional Analysis:
North America dominated the global high purity carbon monoxide for chemical market in 2016. The region is expected to witness moderate growth over the forecast period owing to stringent regulations regarding automotive emissions and increasing environmental awareness among consumers. Moreover, growing demand for fuel-efficient vehicles is anticipated to drive industry expansion over the coming years.
Asia Pacific accounted for a significant share of global revenue in 2016 owing to rapid industrialization and urbanization across emerging economies such as China, India, Indonesia, Malaysia and Thailand. In addition, rising disposable income levels are expected to boost product consumption across various end-use industries including electronics & electricals and automobile during the forecast period from 2017 to 2030 (USD X = INR 6.6350).
Growth Factors:
- Growing demand from the chemical industry for high purity carbon monoxide as a precursor to various organic and inorganic chemicals.
- Increasing use of carbon monoxide in fuel cells as a clean and efficient source of energy.
- Rising demand for CO gas in metal production processes to improve the quality and yield of metals products.
- Growing popularity of CO gas as an environmentally friendly refrigerant alternative to traditional refrigerants like HCFCs and HFCs . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Carbon Monoxide for Chemical Market Research Report
By Type
99.9-99.99%, 99.99-99.999%, >99.999%
By Application
Organic Synthesis Raw Materials (Phosgene Synthesis, Formic Acid Synthesis, etc.), Chemical Fuel, Reducing Agent, Other
By Companies
Air Liquide, Linde, Air Products, Messer, Beijing Bygases, Huate Gas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Carbon Monoxide for Chemical Market Report Segments:
The global High Purity Carbon Monoxide for Chemical market is segmented on the basis of:
Types
99.9-99.99%, 99.99-99.999%, >99.999%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Organic Synthesis Raw Materials (Phosgene Synthesis, Formic Acid Synthesis, etc.), Chemical Fuel, Reducing Agent, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Air Liquide
- Linde
- Air Products
- Messer
- Beijing Bygases
- Huate Gas
Highlights of The High Purity Carbon Monoxide for Chemical Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 99.9-99.99%
- 99.99-99.999%
- >99.999%
- By Application:
- Organic Synthesis Raw Materials (Phosgene Synthesis, Formic Acid Synthesis, etc.)
- Chemical Fuel
- Reducing Agent
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Carbon Monoxide for Chemical Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High purity carbon monoxide is a chemical used in the production of other chemicals.
Some of the key players operating in the high purity carbon monoxide for chemical market are Air Liquide, Linde, Air Products, Messer, Beijing Bygases, Huate Gas.
The high purity carbon monoxide for chemical market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Carbon Monoxide for Chemical Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Carbon Monoxide for Chemical Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Carbon Monoxide for Chemical Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Carbon Monoxide for Chemical Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Carbon Monoxide for Chemical Market Size & Forecast, 2018-2028
4.5.1 High Purity Carbon Monoxide for Chemical Market Size and Y-o-Y Growth
4.5.2 High Purity Carbon Monoxide for Chemical Market Absolute $ Opportunity
Chapter 5 Global High Purity Carbon Monoxide for Chemical Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Purity Carbon Monoxide for Chemical Market Size Forecast by Type
5.2.1 99.9-99.99%
5.2.2 99.99-99.999%
5.2.3 >99.999%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity Carbon Monoxide for Chemical Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Purity Carbon Monoxide for Chemical Market Size Forecast by Applications
6.2.1 Organic Synthesis Raw Materials (Phosgene Synthesis
6.2.2 Formic Acid Synthesis
6.2.3 etc.)
6.2.4 Chemical Fuel
6.2.5 Reducing Agent
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Carbon Monoxide for Chemical Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Carbon Monoxide for Chemical Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Purity Carbon Monoxide for Chemical Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Carbon Monoxide for Chemical Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Purity Carbon Monoxide for Chemical Market Size Forecast by Type
9.6.1 99.9-99.99%
9.6.2 99.99-99.999%
9.6.3 >99.999%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Purity Carbon Monoxide for Chemical Market Size Forecast by Applications
9.10.1 Organic Synthesis Raw Materials (Phosgene Synthesis
9.10.2 Formic Acid Synthesis
9.10.3 etc.)
9.10.4 Chemical Fuel
9.10.5 Reducing Agent
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Purity Carbon Monoxide for Chemical Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Carbon Monoxide for Chemical Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Purity Carbon Monoxide for Chemical Market Size Forecast by Type
10.6.1 99.9-99.99%
10.6.2 99.99-99.999%
10.6.3 >99.999%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Purity Carbon Monoxide for Chemical Market Size Forecast by Applications
10.10.1 Organic Synthesis Raw Materials (Phosgene Synthesis
10.10.2 Formic Acid Synthesis
10.10.3 etc.)
10.10.4 Chemical Fuel
10.10.5 Reducing Agent
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Purity Carbon Monoxide for Chemical Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Carbon Monoxide for Chemical Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Purity Carbon Monoxide for Chemical Market Size Forecast by Type
11.6.1 99.9-99.99%
11.6.2 99.99-99.999%
11.6.3 >99.999%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Purity Carbon Monoxide for Chemical Market Size Forecast by Applications
11.10.1 Organic Synthesis Raw Materials (Phosgene Synthesis
11.10.2 Formic Acid Synthesis
11.10.3 etc.)
11.10.4 Chemical Fuel
11.10.5 Reducing Agent
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Purity Carbon Monoxide for Chemical Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Carbon Monoxide for Chemical Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Purity Carbon Monoxide for Chemical Market Size Forecast by Type
12.6.1 99.9-99.99%
12.6.2 99.99-99.999%
12.6.3 >99.999%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Purity Carbon Monoxide for Chemical Market Size Forecast by Applications
12.10.1 Organic Synthesis Raw Materials (Phosgene Synthesis
12.10.2 Formic Acid Synthesis
12.10.3 etc.)
12.10.4 Chemical Fuel
12.10.5 Reducing Agent
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Purity Carbon Monoxide for Chemical Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Carbon Monoxide for Chemical Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Purity Carbon Monoxide for Chemical Market Size Forecast by Type
13.6.1 99.9-99.99%
13.6.2 99.99-99.999%
13.6.3 >99.999%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Purity Carbon Monoxide for Chemical Market Size Forecast by Applications
13.10.1 Organic Synthesis Raw Materials (Phosgene Synthesis
13.10.2 Formic Acid Synthesis
13.10.3 etc.)
13.10.4 Chemical Fuel
13.10.5 Reducing Agent
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Carbon Monoxide for Chemical Market: Competitive Dashboard
14.2 Global High Purity Carbon Monoxide for Chemical Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Liquide
14.3.2 Linde
14.3.3 Air Products
14.3.4 Messer
14.3.5 Beijing Bygases
14.3.6 Huate Gas
