United Kingdom Carbon Dioxide Market Size, Share & Analysis 2025-2034
As of 2024, the United Kingdom carbon dioxide market stands at a volume of 725.8 KMT. The market size is driven by demand in sectors such as food and beverage production, where CO2 is essential for carbonation, refrigeration, and preservation.
The United Kingdom's carbon dioxide (CO2) market is a critical component in various industries, including food and beverages, chemicals, healthcare, and energy. CO2 is used in a range of applications, from carbonating soft drinks to serving as a refrigerant in industrial cooling systems. With the global push towards reducing carbon emissions and adopting more sustainable practices, the CO2 market in the UK is seeing shifts in its production, utilization, and overall market demand. In 2024, the UK carbon dioxide market reached a volume of 725.8 KMT (kilotons), with projections indicating steady growth in the coming years.
The market is expected to witness a compound annual growth rate (CAGR) of 1.5% from 2025 to 2034, reaching a volume of approximately 840.5 KMT by 2034. This growth can be attributed to rising demand across key industries, technological advancements, and increased emphasis on capturing and utilizing CO2 for sustainable applications.
United Kingdom Carbon Dioxide Market Size
As of 2024, the United Kingdom carbon dioxide market stands at a volume of 725.8 KMT. The market size is driven by demand in sectors such as food and beverage production, where CO2 is essential for carbonation, refrigeration, and preservation. Additionally, industries such as healthcare and manufacturing also contribute significantly to the market, utilizing CO2 in medical applications, chemical processing, and fire suppression systems. With an annual growth rate of 1.5%, the market is on track to reach 840.5 KMT by 2034. This steady increase is indicative of the ongoing importance of CO2 across various industries and the need for efficient production and distribution.
United Kingdom Carbon Dioxide Market Trends
Several key trends are shaping the United Kingdom carbon dioxide market. Some of these trends include:
Sustainable CO2 Utilization: The UK is placing more emphasis on the sustainable use of CO2. With innovations in carbon capture and storage (CCS) technologies, industries are seeking ways to recycle and repurpose CO2 for use in other products, such as fuels, chemicals, and plastics. This reduces reliance on traditional production methods while helping mitigate environmental impact.
Increased Demand in Food and Beverage: The food and beverage industry remains the largest consumer of CO2 in the UK, primarily for carbonation and refrigeration. The growing demand for carbonated beverages and chilled foods continues to drive the market.
Healthcare Applications: The use of CO2 in healthcare, particularly in medical imaging and respiratory treatments, is increasing. As the healthcare sector expands, the demand for medical-grade CO2 will continue to rise.
Environmental Regulations and Policies: Government regulations and climate change policies are pushing for greener technologies, which include the efficient use and recycling of CO2. This is likely to drive demand for CO2 capture and utilization solutions, contributing to market growth.
Industrial Gas Demand: CO2 is also used in various industrial processes, such as welding and fire suppression. The increasing industrial activity in the UK is contributing to higher demand for industrial gases, including CO2.
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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 see moderate but steady growth over the forecast period. The demand for CO2 will continue to rise across various sectors, including food and beverages, chemicals, and healthcare. The UK’s growing focus on sustainability and carbon emissions reduction is also playing a key role in shaping the future of the market. Innovations in carbon capture technologies and growing demand for low-carbon solutions will continue to push market expansion.
Additionally, the increased adoption of CO2 in diverse industrial applications, such as the production of synthetic fuels and chemicals, will provide new avenues for growth. The UK's strong focus on carbon footprint reduction aligns with the growing trend of capturing and recycling CO2, which will be a significant driver for future market demand.
United Kingdom Carbon Dioxide Market Analysis
The UK carbon dioxide market is relatively concentrated, with a few major players dominating the supply chain. These players include both domestic and international companies involved in CO2 production, distribution, and end-user applications. The key industries consuming CO2 in the UK are food and beverages, chemicals, and healthcare. Additionally, industrial applications, such as carbonated beverages, refrigeration, and welding, also contribute to market consumption.
The market faces challenges such as the fluctuating supply of CO2, especially during periods of high demand, as seen in the past. Supply chain disruptions, environmental policies, and cost regulations could impact the overall market dynamics. However, the increasing focus on CO2 recycling and utilization technologies offers an opportunity to address these challenges and ensure a steady supply of CO2 to meet growing demand.
United Kingdom Carbon Dioxide Market Forecast
The market for carbon dioxide in the United Kingdom is projected to continue its steady growth with a CAGR of 1.5% from 2025 to 2034. By 2034, the market is expected to reach a volume of 840.5 KMT. This growth is driven by various factors, including technological innovations in CO2 utilization, a growing demand from key sectors, and regulatory pressures on reducing carbon emissions.
The UK government’s focus on sustainability and climate change policies, including carbon capture and storage initiatives, will play a key role in shaping the future demand for CO2. Additionally, as industries explore ways to recycle and repurpose CO2 for use in other products, there will be an increasing demand for efficient and sustainable CO2 production solutions.
Competitor Analysis
Several key players dominate the United Kingdom carbon dioxide market, and they include both established companies and emerging players focused on sustainability and innovation. Some of the prominent players in the market include:
Ensus UK Limited: A leading producer of CO2 in the UK, Ensus specializes in providing CO2 for the food, beverage, and industrial sectors. The company is known for its strong production capacity and extensive distribution network.
BioCarbonics Ltd.: BioCarbonics is a key player in the CO2 industry in the UK, focusing on environmentally friendly CO2 production and utilization solutions. The company emphasizes sustainable practices, including CO2 capture and recycling technologies.
Tata Chemicals Europe Limited: Part of the global Tata Group, Tata Chemicals Europe plays a significant role in the UK’s CO2 market. The company is involved in the production and distribution of CO2 for various sectors, including food and beverages, and chemical industries.
Yara International ASA: Yara is a leading international player in the CO2 market, providing CO2 for use in industrial applications, including agriculture, food preservation, and chemical production. The company is a key player in the UK market.
Air Products PLC: Air Products is a global leader in industrial gases, including CO2. In the UK, the company supplies CO2 to various industries, including food, healthcare, and chemicals. The company is known for its innovations in sustainable CO2 solutions.
BOC Limited (Linde): As a part of the global Linde Group, BOC Limited is a major supplier of CO2 in the UK. The company offers CO2 for various industries, with a strong focus on providing high-quality gases for medical, food, and industrial applications.
Others: Other smaller or emerging companies also contribute to the UK CO2 market by introducing innovative solutions and providing CO2 for niche applications such as fire suppression, welding, and pharmaceuticals.
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