United Kingdom Carbon Dioxide Market Size, Share & Growth 2025-2034
In 2024, the UK carbon dioxide market achieved a volume of 725.8 KMT (kilotonnes), reflecting a solid foundation for continued growth. The market is projected to expand at a CAGR of 1.5% between 2025 and 2034, reaching a volume of 840.5 KMT by 2034. This growth is attributed to several factors, including rising industrial demand, evolving production methods, and an increasing focus on sustainability and CO2 recovery.
The United Kingdom carbon dioxide market plays a critical role in various industries, including food and beverage, healthcare, manufacturing, and oil & gas. Carbon dioxide (CO2) is a versatile gas with a wide range of applications such as food preservation, carbonating beverages, medical treatments, and industrial processes. With its essential uses across multiple sectors, the demand for CO2 is expected to grow steadily in the coming years.
United Kingdom Carbon Dioxide Market Size
The United Kingdom carbon dioxide market reached a volume of 725.8 KMT in 2024. The market's size is driven by the extensive use of CO2 across diverse industries. For instance, in the food and beverage industry, CO2 is indispensable for carbonating soft drinks, freezing food, and maintaining freshness. It is also crucial in the healthcare sector for medical treatments such as anesthesia and respiratory care.
The market is set to witness a steady increase, with a forecasted volume of 840.5 KMT by 2034. The growth rate of 1.5% CAGR reflects the ongoing demand for CO2, driven by population growth, increasing urbanization, and industrialization, which fuel the need for CO2 in various applications.
United Kingdom Carbon Dioxide Market Trends
Several emerging trends are influencing the growth of the UK carbon dioxide market:
Rising Demand from the Food and Beverage Sector: The food and beverage industry continues to drive demand for CO2, particularly for carbonating soft drinks and preserving food products. As the popularity of carbonated beverages and processed foods rises, the need for CO2 in this sector is expected to remain strong.
Increased Focus on Sustainability and CO2 Capture: The growing emphasis on reducing carbon emissions has led to a shift toward sustainable CO2 production methods. Carbon capture and utilization (CCU) technologies are gaining traction, as industries strive to capture CO2 from industrial processes and reduce their carbon footprints.
Medical Applications: The healthcare sector is increasingly utilizing CO2 for respiratory treatments, cryotherapy, and in the production of medical gases. This demand is expected to grow as healthcare needs expand, particularly in areas such as anesthesia and in the development of new medical technologies.
Enhanced Oil Recovery (EOR): The oil and gas industry continues to be a significant user of CO2 for enhanced oil recovery (EOR) techniques, where CO2 is injected into oil reservoirs to increase oil extraction rates. As global oil production methods evolve, the use of CO2 in this application will likely continue to grow.
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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 on a steady growth trajectory. The primary drivers of this growth include increasing demand from key sectors such as food and beverage, healthcare, and industrial applications. With the rising need for CO2 in carbonation, food preservation, and medical treatments, the market is poised for continued expansion.
Technological advancements in CO2 recovery and production methods are playing a crucial role in boosting market growth. Companies are investing in sustainable CO2 production techniques, including carbon capture and storage (CCS), which reduce the environmental impact of CO2 production. These innovations are expected to lower production costs and improve CO2 efficiency, contributing to the market's long-term growth.
The continued demand from industrial applications, particularly in the oil and gas sector, is also expected to drive market growth. The oil and gas industry's reliance on CO2 for enhanced oil recovery is likely to remain strong as the sector seeks to maximize extraction efficiency.
United Kingdom Carbon Dioxide Market Analysis
The UK carbon dioxide market is highly diverse, serving multiple industries with varying requirements. The food and beverage industry is the largest consumer of CO2, using the gas for beverage carbonation, food preservation, and refrigeration. Healthcare applications, particularly medical gas mixtures and anesthesia, also account for a significant portion of demand.
The chemical industry and oil & gas sector also represent substantial market segments. CO2 is utilized in manufacturing processes and enhanced oil recovery (EOR) operations, contributing to the broader industrial demand.
As the market evolves, competition is increasing, with several companies offering CO2 production and distribution services. Market players are adopting new technologies to optimize CO2 production and distribution, with a growing emphasis on sustainability. Innovations in CO2 capture and recycling will be critical in meeting future demand while minimizing environmental impact.
United Kingdom Carbon Dioxide Market Forecast
The UK carbon dioxide market is forecast to experience steady growth during the period from 2025 to 2034. With a projected CAGR of 1.5%, the market is expected to reach a volume of 840.5 KMT by 2034. This growth is driven by continued demand from key sectors, technological advancements, and sustainability efforts aimed at reducing the environmental footprint of CO2 production.
In the food and beverage sector, the demand for CO2 will remain strong, fueled by the rising popularity of carbonated drinks and convenience foods. The healthcare industry is also expected to drive growth as the need for medical gases and CO2-based treatments expands. Additionally, the oil and gas sector's demand for CO2 in enhanced oil recovery will continue to support market growth.
Competitor Analysis
Several key players dominate the United Kingdom carbon dioxide market, providing CO2 solutions to a variety of industries. These companies are focused on expanding their market share and increasing operational efficiency through innovative technologies and sustainable practices. Some of the key players in the UK CO2 market include:
Ensus UK Limited: Ensus UK is one of the largest suppliers of CO2 in the United Kingdom, offering high-quality CO2 for the food, beverage, and industrial sectors. The company is known for its focus on sustainability and efficient CO2 production.
BioCarbonics Ltd.: Specializing in CO2 recovery, BioCarbonics is an innovative player in the market. The company focuses on providing environmentally friendly CO2 solutions by capturing and recycling CO2 from industrial processes.
Tata Chemicals Europe Limited: Tata Chemicals is a major player in the CO2 market, offering CO2 for various industrial applications, including chemical production, food and beverage, and oil and gas sectors.
Yara International ASA: A global leader in agricultural and industrial solutions, Yara International produces CO2 for various sectors, including agriculture, chemicals, and food processing. The company emphasizes sustainability in its operations.
Air Products PLC: A prominent player in the industrial gases market, Air Products supplies CO2 to a range of industries, including food and beverage, healthcare, and chemicals. The company is focused on advancing CO2 production technologies and reducing its environmental impact.
BOC Limited (Linde): As part of the Linde Group, BOC Limited provides CO2 for a wide array of industrial, medical, and food applications. The company is known for its innovative CO2 solutions and strong distribution network.
Air Liquide UK Ltd.: Air Liquide is a leading supplier of industrial gases, including CO2, in the UK. The company is committed to sustainability and reducing the environmental impact of CO2 production.
Nippon Gases: Nippon Gases is a key player in the UK CO2 market, providing CO2 for applications in food, healthcare, and industrial sectors. The company focuses on delivering reliable, high-quality CO2 solutions.
Others: These companies, along with others, are working towards increasing CO2 production efficiency, developing sustainable solutions, and meeting the growing demand for carbon dioxide across various industries.
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