The United Kingdom carbon dioxide (CO2) market is an essential component of various industries, including manufacturing, food and beverage, healthcare, and chemicals. In 2024, the market attained a volume of approximately 725.8 KMT (thousand metric tons). Looking ahead, the market is expected to witness steady growth, with a projected compound annual growth rate (CAGR) of 1.5% from 2025 to 2034, ultimately reaching a volume of 840.5 KMT by 2034. This blog will delve into the market’s overview, size, trends, growth drivers, forecast, and competitive landscape.
United Kingdom Carbon Dioxide Market Overview
The carbon dioxide market in the UK plays a crucial role in various industries, such as the production of chemicals, food and beverage preservation, beverage carbonation, and medical applications like respiratory care. CO2 is also utilized in welding, enhanced oil recovery, and as a refrigerant. The market is driven by increasing industrial activities, growing demand in the food and beverage sector, and the rising need for medical-grade CO2.
In recent years, the carbon dioxide market has faced challenges due to supply chain disruptions, particularly in the food and beverage sector. However, with technological advancements and the adoption of new CO2 production methods, such as capturing CO2 emissions from industrial processes, the market is poised for gradual growth.
United Kingdom Carbon Dioxide Market Size
As of 2024, the carbon dioxide market in the United Kingdom has attained a volume of 725.8 KMT. This market size reflects the stable demand for CO2 in industrial and commercial applications. While growth has been moderate, the market’s expansion is supported by strong demand in sectors like food processing, healthcare, and energy.
Looking forward, the market is expected to grow at a CAGR of 1.5% between 2025 and 2034, ultimately reaching 840.5 KMT by 2034. While the growth rate may appear modest, it reflects the stable demand in existing sectors coupled with the development of new CO2 applications, such as in carbon capture technologies and sustainable production practices.
United Kingdom Carbon Dioxide Market Trends
Several emerging trends are shaping the carbon dioxide market in the United Kingdom:
Increased Demand in the Food and Beverage Industry: CO2 is widely used in food preservation, carbonated beverages, and packaging. As consumer demand for carbonated drinks continues to rise and the food industry focuses on extending shelf life through innovative packaging, CO2 remains a vital ingredient in these processes.
Carbon Capture and Utilization (CCU): With growing concerns over carbon emissions, there is increasing interest in capturing CO2 from industrial processes and repurposing it for other uses. Carbon capture technologies are gaining traction in the UK, which is expected to play a significant role in the future of CO2 production.
Medical CO2 Applications: The medical industry relies on CO2 for a variety of procedures, including in respiratory treatments and during surgeries. The growing healthcare sector in the UK, especially following the pandemic, is expected to increase the demand for high-purity CO2.
Sustainability and Green Initiatives: There is a growing trend towards sustainability, and companies are exploring eco-friendly ways to produce and distribute CO2. This includes using renewable energy sources in CO2 production and focusing on reducing the carbon footprint in the entire supply chain.
Technological Innovations in CO2 Production: Innovations in CO2 production, such as the use of bio-based CO2 production methods, are emerging. This can contribute to the reduction of carbon emissions and provide a more sustainable approach to CO2 generation.
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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 witnessing steady growth, driven by the following factors:
Increasing Demand from the Food and Beverage Sector: CO2’s role in carbonation, food preservation, and packaging will continue to drive demand. With rising consumer preference for convenience foods and beverages, the market for CO2 in this sector remains strong.
Growing Healthcare Industry: As the UK healthcare sector expands, there will be a greater need for CO2 in medical applications. CO2 is essential for respiratory treatments, insufflation in surgeries, and as an anesthesia aid, providing significant growth potential for the market.
Industrial CO2 Use in Manufacturing: The use of CO2 in manufacturing processes, such as in the chemical industry and for cooling applications in industries like metals and glass production, will continue to support the market.
Rising Environmental Concerns: The push for sustainability, carbon capture, and utilization technologies will likely drive future growth. The UK is increasingly focused on reducing its carbon footprint, making CCU technologies more appealing for the long-term future of CO2 production.
United Kingdom Carbon Dioxide Market Analysis
The United Kingdom carbon dioxide market is evolving, with several key industries pushing for innovative solutions to meet growing demand. The market’s competitiveness is primarily driven by the need for consistent supply, the ability to adapt to environmental regulations, and the efficient use of CO2 in various applications.
Key factors influencing the market include:
- Regulatory Environment: With the UK government’s increasing focus on carbon emissions and sustainability, regulations governing CO2 emissions and its production are tightening. This has led to innovation in CO2 capture and reuse technologies, offering new opportunities in the market.
- Technology and Efficiency: Market players are constantly improving the efficiency of CO2 production, focusing on reducing costs, increasing output, and ensuring that CO2 is produced sustainably.
- Competition Among Suppliers: The market is competitive, with several large suppliers and regional players offering CO2 for various sectors. Suppliers must differentiate themselves based on product quality, delivery reliability, and environmental credentials.
United Kingdom Carbon Dioxide Market Forecast
The United Kingdom carbon dioxide market is expected to see steady growth at a CAGR of 1.5% from 2025 to 2034. By 2034, the market is projected to reach a volume of 840.5 KMT. This growth is underpinned by several factors, including stable demand from the food and beverage industry, advancements in healthcare applications, and the increasing role of CO2 in industrial processes.
However, the pace of growth will be relatively slow compared to other sectors, as the market is already well-established and reaching a degree of saturation. The introduction of carbon capture technologies and the demand for environmentally-friendly production methods will be the key drivers of future growth.
Competitor Analysis in the United Kingdom Carbon Dioxide Market
The United Kingdom carbon dioxide market is highly competitive, with several key players vying for market share. Some of the top companies operating in the market include:
Ensus UK Limited: Specializing in the production of CO2 from bioethanol production, Ensus is a key player in the market offering environmentally sustainable solutions for CO2 production.
BioCarbonics Ltd.: Focused on providing high-quality CO2 for a variety of industries, BioCarbonics is known for its reliable supply and commitment to sustainability in CO2 production.
Tata Chemicals Europe Limited: Tata Chemicals supplies CO2 for a range of applications, including food, beverages, and industrial processes, and is a leading player in the UK’s chemical industry.
Yara International ASA: Known for its global presence, Yara provides CO2 for agriculture, food preservation, and industrial applications in the UK market.
Air Products PLC: A major player in the global CO2 market, Air Products provides high-quality CO2 for industries such as food and beverage, healthcare, and manufacturing.
BOC Limited (Linde): As part of Linde Group, BOC is a leading supplier of CO2 in the UK, offering solutions for a wide range of industries, from healthcare to food and beverage.
Air Liquide UK Ltd: Air Liquide is a global leader in the supply of industrial gases, including CO2, to various industries in the UK, with a strong focus on healthcare and sustainability.
Others: The market also includes several smaller and regional players contributing to the supply of CO2 in different industrial applications across the UK.
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