United Kingdom Carbon Dioxide Market Size, Share & Growth 2025-2034

United Kingdom Carbon Dioxide Market Size, Share & Growth 2025-2034

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The United Kingdom carbon dioxide (CO2) market has demonstrated significant growth, reaching a volume of 725.8 KMT (thousand metric tons) in 2024. The market is projected to witness steady growth, with an estimated compound annual growth rate (CAGR) of 1.5% between 2025 and 2034, ultimately reaching a volume of 840.5 KMT by 2034. This growth is largely driven by the expanding demand for CO2 in various industrial sectors, including food and beverage, healthcare, and manufacturing. In this blog post, we will explore the United Kingdom carbon dioxide market, its size, trends, growth, analysis, forecast, and competitive landscape.

United Kingdom Carbon Dioxide Market Overview

The carbon dioxide market in the United Kingdom is a vital sector for several industries, playing a crucial role in the production of goods and services across various domains. CO2 is used in a wide range of applications, from carbonation in the food and beverage industry to enhancing oil recovery in the petroleum industry and as a refrigerant in industrial cooling. The demand for carbon dioxide has been on the rise, particularly in the food and beverage sector, which accounts for a significant share of CO2 consumption.

In addition to traditional applications, the UK carbon dioxide market is evolving due to growing environmental concerns and regulatory frameworks aimed at reducing carbon emissions. With the country's commitment to achieving net-zero emissions by 2050, CO2 capture and storage technologies are also gaining traction, leading to new opportunities for the market.

United Kingdom Carbon Dioxide Market Size

In 2024, the United Kingdom's carbon dioxide market attained a volume of 725.8 KMT. This volume reflects the demand for CO2 across various industries such as food and beverage, healthcare, manufacturing, and more. The market size is expected to grow steadily over the next decade, with a projected CAGR of 1.5% during the period of 2025 to 2034. By 2034, the market is estimated to reach a volume of approximately 840.5 KMT.

This growth is attributed to the continuous need for CO2 in various sectors, driven by consumer demand, technological advancements, and the adoption of sustainability practices. The food and beverage sector, in particular, remains the largest consumer of CO2, with applications ranging from beverage carbonation to refrigeration and packaging.

United Kingdom Carbon Dioxide Market Trends

Several key trends are shaping the United Kingdom carbon dioxide market:

Sustainability and Carbon Capture: As part of the UK's efforts to reduce greenhouse gas emissions, there is an increasing focus on carbon capture and storage (CCS) technologies. These technologies allow the capture of CO2 from industrial processes, preventing its release into the atmosphere and contributing to sustainability goals.

Food and Beverage Industry Growth: The demand for CO2 in the food and beverage industry continues to grow, particularly for the production of carbonated drinks, refrigeration, and packaging. This sector remains one of the primary drivers of CO2 consumption.

Increased Use of CO2 in Healthcare: CO2 is used in medical procedures, including as an insufflation gas in minimally invasive surgeries. As healthcare technology advances, the demand for CO2 in medical applications is expected to rise.

Technological Advancements: The development of more efficient CO2 production methods, such as the use of renewable energy in CO2 production, is expected to enhance market growth. These advancements contribute to reducing operational costs and improving the environmental footprint of CO2 production.

Environmental Regulations: The United Kingdom's regulatory frameworks, such as the UK's Net Zero Strategy, play a significant role in shaping the market. As industries face increasing pressure to reduce emissions and comply with stringent environmental laws, the demand for CO2 for industrial processes will continue to evolve.

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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 United Kingdom carbon dioxide market is expected to witness moderate yet consistent growth over the forecast period. Key growth drivers include:

Food and Beverage Sector: The demand for CO2 in carbonated beverages, packaging, and refrigeration continues to drive the market. With the increasing consumption of soft drinks and processed food, the need for CO2 in this sector is likely to remain strong.

Industrial Applications: CO2 is essential in various industrial applications, including oil recovery, welding, and chemical manufacturing. As the UK continues to industrialize, the demand for CO2 in these applications is expected to remain robust.

Healthcare Industry: The medical sector's increasing demand for CO2 for medical procedures, such as laparoscopy, is expected to continue driving market growth. As medical technologies evolve, CO2's role in healthcare applications is likely to expand.

Carbon Capture Initiatives: The UK government’s focus on reducing carbon emissions through CCS technologies will likely lead to a growing market for CO2 capture, storage, and utilization. This trend presents new opportunities for businesses to contribute to sustainability while meeting industrial needs.

United Kingdom Carbon Dioxide Market Analysis

The United Kingdom's carbon dioxide market is segmented by application, distribution, and production method. Key applications of CO2 include food and beverage, healthcare, manufacturing, and others. Food and beverage is the largest segment, accounting for a significant share of the market due to the widespread use of CO2 in beverage carbonation, refrigeration, and food packaging.

The distribution of CO2 is mainly carried out through pipelines, cylinders, and tankers. The choice of distribution method is influenced by factors such as distance, demand volume, and cost efficiency.

In terms of production, CO2 is primarily produced through natural gas processing, fermentation processes, and industrial gas production. The increasing adoption of sustainable practices is also leading to a rise in CO2 recovery and capture methods, which are expected to grow in importance during the forecast period.

Geographically, demand for CO2 is highest in industrialized regions with significant food, beverage, and manufacturing sectors. The food and beverage industry continues to dominate the consumption of CO2, particularly in the production of carbonated drinks and food preservation.

United Kingdom Carbon Dioxide Market Forecast

The carbon dioxide market in the United Kingdom is forecast to grow at a moderate pace, with a CAGR of 1.5% during the forecast period of 2025 to 2034. By the end of 2034, the market is expected to reach a volume of 840.5 KMT, driven by continuous demand from various sectors, including food and beverage, healthcare, and industrial applications.

Government regulations aimed at reducing emissions, along with growing adoption of carbon capture and storage technologies, will play a significant role in shaping market dynamics. The increasing emphasis on sustainability will also drive innovation in CO2 production and utilization methods.

Competitor Analysis in the United Kingdom Carbon Dioxide Market

Several key players dominate the carbon dioxide market in the United Kingdom. These companies include:

Ensus UK Limited: A leading producer of industrial gases, including CO2, Ensus is involved in various sectors, including the food and beverage industry and manufacturing.

BioCarbonics Ltd.: Specializing in CO2 production from natural sources, BioCarbonics provides high-quality CO2 for various industrial applications.

Tata Chemicals Europe Limited: Tata Chemicals is a major player in the production of CO2 and is involved in several industries, including food and beverage, chemical manufacturing, and healthcare.

Yara International ASA: Known for its expertise in CO2 production, Yara provides high-purity CO2 for industrial applications, particularly in the food and beverage sector.

Air Products PLC: A leading supplier of industrial gases, Air Products is a key player in the CO2 market, providing CO2 for diverse applications, including food and beverage, healthcare, and manufacturing.

BOC Limited (Linde): BOC, part of the Linde Group, is a significant supplier of industrial gases, including CO2, and is involved in various sectors, such as food and beverage, healthcare, and manufacturing.

Air Liquide UK Ltd: A global leader in industrial gases, Air Liquide supplies CO2 for applications across a variety of industries, including food and beverage, oil and gas, and healthcare.

Nippon Gases: Nippon Gases provides CO2 to various industries, with a particular focus on the food and beverage industry, as well as industrial applications.

Progases (UK) Ltd: Progases is a supplier of CO2 for industrial use, focusing on sustainable production methods and high-quality delivery.

Others: A range of other smaller players and regional distributors also contribute to the UK's carbon dioxide market, focusing on specialized applications or specific geographic regions.

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