The United Kingdom (UK) carbon dioxide (CO₂) market plays a pivotal role in several industries, including food and beverage, healthcare, chemicals, and more. CO₂ is crucial for applications like beverage carbonation, medical gas production, enhanced oil recovery, and chemical manufacturing. In 2024, the UK carbon dioxide market reached a volume of 725.8 KMT, reflecting significant demand across these sectors. The market is projected to experience steady growth at a Compound Annual Growth Rate (CAGR) of 1.5% from 2025 to 2034. By 2034, the market volume is expected to reach 840.5 KMT, driven by both industrial demand and advancements in CO₂ applications.
United Kingdom Carbon Dioxide Market Size
In 2024, the UK carbon dioxide market attained a volume of 725.8 KMT. As industries continue to expand and demand for CO₂ increases, the market is expected to grow at a steady pace. The CAGR of 1.5% during the forecast period (2025-2034) suggests consistent demand across multiple sectors. By 2034, the carbon dioxide market in the UK is forecast to reach 840.5 KMT. This growth reflects the continuing need for CO₂ in beverage carbonation, healthcare, chemical manufacturing, and other industrial processes.
United Kingdom Carbon Dioxide Market Trends
Several emerging trends are shaping the UK carbon dioxide market:
Increasing Demand from the Food and Beverage Sector: CO₂ plays an essential role in beverage carbonation, food packaging, and preservation. With the increasing popularity of carbonated drinks and convenience foods, demand for CO₂ will continue to rise.
Growing Focus on Sustainability: There is a growing emphasis on capturing and reusing CO₂ to mitigate environmental impact. CO₂ recovery and recycling technologies are gaining traction, with businesses increasingly adopting these methods to reduce emissions.
Healthcare Sector Expansion: CO₂ is used in a variety of medical applications, including respiratory treatments and medical imaging. As the healthcare sector grows, the demand for medical-grade CO₂ is also expected to rise.
Industrial Uses: In addition to food and beverage applications, CO₂ is crucial for several industrial processes, including oil recovery, chemical production, and manufacturing. Continued industrial development in the UK will further drive CO₂ consumption.
Technological Innovations: CO₂ capture and utilization technologies are advancing rapidly, providing new opportunities for CO₂ in applications such as carbon capture and storage (CCS) and CO₂-based chemicals.
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United Kingdom Carbon Dioxide Market Segmentation
Source:
Ammonia
Ethyl Alcohol
Substitute Natural Gas and CCU
Production:
Biological
Combustion
End Use:
Food and Beverages
Oil and Gas
Medical
Metal Fabrication
Others
United Kingdom Carbon Dioxide Market Growth
The UK carbon dioxide market is expected to experience steady growth over the next decade. The forecasted CAGR of 1.5% reflects consistent demand across key sectors:
Food and Beverage: CO₂’s importance in beverage carbonation, food preservation, and packaging will continue to support growth in the market.
Sustainability Initiatives: As businesses seek to reduce their carbon footprint, CO₂ capture and reuse technologies are gaining popularity. The government’s commitment to environmental sustainability is driving the adoption of such technologies.
Healthcare: The increasing demand for medical gases and CO₂ for respiratory treatments and imaging is expected to contribute to market growth.
Industrial Demand: CO₂’s role in various industrial processes such as welding, oil extraction, and chemical manufacturing will continue to fuel demand.
With these growth drivers, the UK CO₂ market will continue to expand, albeit at a moderate pace.
United Kingdom Carbon Dioxide Market Analysis
The UK carbon dioxide market is competitive, with several key players dominating the landscape. Market participants are primarily focused on supplying CO₂ to industries such as food and beverage, healthcare, and industrial applications. The market is influenced by supply chain dynamics, including production costs, logistics, and environmental regulations.
Demand Drivers: The primary demand for CO₂ comes from the food and beverage sector, followed by industrial applications and healthcare needs. The adoption of CO₂ capture technologies and the growing trend toward sustainability further drive market growth.
Competitive Landscape: The UK carbon dioxide market is home to both global industrial gas suppliers and regional players. Leading companies, such as Air Products, Air Liquide, and Linde (BOC), dominate the market, while smaller, regional players focus on niche applications.
Environmental Regulations: The UK government’s environmental policies and regulatory framework play a significant role in shaping the market. Policies encouraging CO₂ capture and reuse technologies are expected to foster innovation and market growth.
United Kingdom Carbon Dioxide Market Forecast
Looking ahead, the UK carbon dioxide market is forecast to grow steadily at a CAGR of 1.5% from 2025 to 2034. The market volume is expected to reach 840.5 KMT by 2034. Key factors influencing this growth include:
Sustained Demand in the Food and Beverage Sector: As carbonated beverages and packaged foods continue to rise in popularity, the food and beverage sector will remain a key consumer of CO₂.
Government Sustainability Goals: Policies supporting carbon capture, utilization, and storage technologies will drive demand for CO₂ recovery solutions and mitigate environmental impact.
Growth in Healthcare: The healthcare sector’s increasing reliance on CO₂ for medical gases will further fuel demand.
Industrial Applications: CO₂’s critical role in industrial processes such as welding and chemical manufacturing will support ongoing demand.
Competitor Analysis
Several major players dominate the UK carbon dioxide market, including global industrial gas providers and regional companies. Key competitors include:
Ensus UK Limited: Ensus UK produces CO₂ as a by-product of bioethanol production, serving the food and beverage industry for carbonation and packaging purposes.
BioCarbonics Ltd.: BioCarbonics is a prominent supplier of high-purity CO₂ for medical and industrial applications, including respiratory therapy and beverage carbonation.
Tata Chemicals Europe Limited: Tata Chemicals supplies CO₂ for a range of applications, including food and beverage, healthcare, and industrial processes.
Yara International ASA: Yara provides CO₂ for industrial applications such as fertilizers and chemical manufacturing, while also focusing on sustainable solutions.
Air Products PLC: A leading global industrial gas supplier, Air Products serves multiple sectors, including food and beverage, healthcare, and chemical manufacturing.
BOC Limited (Linde): BOC, a part of Linde Group, is a major supplier of CO₂ and other industrial gases, focusing on applications ranging from food packaging to chemical processes.
Air Liquide UK Ltd.: Air Liquide supplies CO₂ for a variety of industries, with a focus on healthcare and industrial applications, while also embracing sustainability initiatives.
Nippon Gases: Nippon Gases is a key player in the UK market, providing CO₂ solutions for food and beverage, healthcare, and industrial sectors.
Others: The market also includes other regional and international suppliers, contributing to CO2 production, distribution, and innovation across various sectors in the UK.
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