According to our (Global Info Research) latest study, the global Carbon Monoxide (CO) Catalyst market size was valued at US$ 3403 million in 2025 and is forecast to a readjusted size of US$ 4441 million by 2032 with a CAGR of 3.4% during review period.
Carbon monoxide (CO) catalysts are catalytic materials that promote the chemical conversion of carbon monoxide. Their most common function is to oxidize toxic CO to carbon dioxide (CO₂) at relatively low temperatures, thereby achieving waste gas purification, air purification, or gas purification. Their active components typically include precious metal catalysts such as platinum, palladium, gold, and rhodium, or transition metal oxides such as copper manganese oxides, cobalt oxides, iron oxides, and cerium-zirconium oxides. CO catalysts are widely used in automotive exhaust treatment, industrial waste gas treatment, gas turbine emission control, and air purification in mines and confined spaces. In 2025, global sales of carbon monoxide (CO) catalysts were approximately 58.655 million liters, with prices mainly fluctuating with precious metal prices; the price in 2025 was approximately US$56.1 per liter.
In recent years, with increasingly stringent global environmental regulations and rising demands for industrial emission control, carbon monoxide (CO) catalysts, as important materials for gas purification and exhaust gas treatment, have maintained stable market demand growth. CO catalysts primarily convert toxic carbon monoxide into carbon dioxide through catalytic oxidation reactions, and are widely used in industrial waste gas treatment, automotive exhaust treatment, gas purification, and energy systems. Driven by the "dual carbon" goals and the trend towards cleaner production, the CO catalyst market is experiencing sustained development opportunities. Diesel vehicle exhaust treatment is the primary application area for CO catalysts.
From a demand structure perspective, diesel vehicle exhaust treatment is the most significant application area for CO catalysts. With increased environmental investment from industrial enterprises, the demand for exhaust gas purification in industries such as steel, chemicals, metallurgy, and waste incineration is gradually rising, leading to a sustained increase in demand for high-efficiency, long-life catalysts. In recent years, the development of gas turbines, hydrogen energy, and gas purification systems has also created new application opportunities for CO catalysts.
In terms of product structure, precious metal catalysts and non-precious metal catalysts are the main types. Among them, precious metal catalysts, represented by platinum and palladium, possess characteristics such as high activity and excellent low-temperature ignition performance, and are widely used in high-end exhaust gas treatment fields; non-precious metal systems such as copper, manganese, and iron have cost advantages in industrial waste gas treatment. Technologically, the industry is developing towards higher activity, lower temperature, and longer lifespan, while simultaneously improving catalytic efficiency and resistance to poisoning by optimizing carrier structure and dispersion processes.
In terms of the industry chain, upstream includes suppliers of materials such as precious metals, alumina, and honeycomb ceramics; midstream consists of catalyst manufacturers; and downstream comprises environmental engineering companies, automakers, and industrial end-users. The industry as a whole has high technical barriers, especially in formulation design, precious metal loading, and durability control, which place high demands on companies' R&D capabilities. With continuously upgrading environmental standards, the proportion of high-performance catalyst products continues to increase.
From a regional market perspective, the Asia-Pacific region is the world's largest CO catalyst market, benefiting from rapid growth in industrial scale and environmental governance needs; the European and North American markets maintain stable demand in terms of automotive exhaust emission standards and high-end industrial treatment; and the Middle East and Latin America markets are gradually releasing demand driven by industrialization and environmental investment. Overall, the global market exhibits a development pattern of parallel growth driven by environmental protection and technological upgrades.
Looking ahead, the global CO catalyst market will be driven by three core factors: first, the continued growth in demand for industrial environmental governance; second, the upgrading of emission standards for automobiles and energy systems; and third, the continuous advancement of catalytic material technology.
This report is a detailed and comprehensive analysis for global Carbon Monoxide (CO) Catalyst market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Carbon Monoxide (CO) Catalyst market size and forecasts, in consumption value ($ Million), sales quantity (L), and average selling prices (US$/L), 2021-2032
Global Carbon Monoxide (CO) Catalyst market size and forecasts by region and country, in consumption value ($ Million), sales quantity (L), and average selling prices (US$/L), 2021-2032
Global Carbon Monoxide (CO) Catalyst market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (L), and average selling prices (US$/L), 2021-2032
Global Carbon Monoxide (CO) Catalyst market shares of main players, shipments in revenue ($ Million), sales quantity (L), and ASP (US$/L), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Carbon Monoxide (CO) Catalyst
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Carbon Monoxide (CO) Catalyst market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Johnson Matthey, Umicore, BASF, Cummins, Yunnan Precious Catalyst, Weifu Environmental Protection, SINOCATALYST Environmental Protection, ActBlue, Kailong High Technology, Shandong Yuanlin Silicon Ceramic New Materials, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Carbon Monoxide (CO) Catalyst market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Precious Metals
Non-precious Metals
Market segment by Reaction Temperature
Low-Temperature CO Catalyst
Medium-Temperature Catalyst
High-Temperature Catalyst
Market segment by Carrier
Honeycomb Ceramic Carrier
Others
Market segment by Application
Diesel Vehicle Exhaust Treatment
Gas Turbine
Industrial Exhaust
Fuel Cell
Other
Major players covered
Johnson Matthey
Umicore
BASF
Cummins
Yunnan Precious Catalyst
Weifu Environmental Protection
SINOCATALYST Environmental Protection
ActBlue
Kailong High Technology
Shandong Yuanlin Silicon Ceramic New Materials
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Carbon Monoxide (CO) Catalyst product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Carbon Monoxide (CO) Catalyst, with price, sales quantity, revenue, and global market share of Carbon Monoxide (CO) Catalyst from 2021 to 2026.
Chapter 3, the Carbon Monoxide (CO) Catalyst competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Carbon Monoxide (CO) Catalyst breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Carbon Monoxide (CO) Catalyst market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Carbon Monoxide (CO) Catalyst.
Chapter 14 and 15, to describe Carbon Monoxide (CO) Catalyst sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Carbon Monoxide (CO) Catalyst. Industry analysis & Market Report on Carbon Monoxide (CO) Catalyst is a syndicated market report, published as Global Carbon Monoxide (CO) Catalyst Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Carbon Monoxide (CO) Catalyst market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.