The United Kingdom carbon dioxide market plays a critical role in various industries, including food and beverage production, healthcare, agriculture, and industrial applications. With a market volume of 725.8 KMT (kilotonnes) in 2024, the UK carbon dioxide sector is expected to grow at a steady pace. It is forecasted to experience a Compound Annual Growth Rate (CAGR) of 1.5% from 2025 to 2034, reaching a projected volume of 840.5 KMT by 2034. This blog explores the dynamics of the United Kingdom carbon dioxide market, its size, trends, and growth potential, along with a competitor analysis to understand the key players in the industry.
United Kingdom Carbon Dioxide Market Overview
The UK carbon dioxide market plays a vital role in industrial and consumer sectors. CO2 is utilized in a wide array of applications, including carbonation of beverages, food preservation, enhanced oil recovery, industrial processes, and medical applications. With growing demand across these industries, the market continues to expand. Carbon dioxide is also a byproduct of various industrial activities, including the production of bioethanol, cement, and other chemical manufacturing processes.
Furthermore, as the UK government pushes for carbon neutrality and sustainability, the role of CO2 in carbon capture and storage (CCS) technologies is becoming increasingly important. This creates both challenges and opportunities for the market, as players must balance industrial CO2 production with environmental regulations and sustainability efforts.
United Kingdom Carbon Dioxide Market Size
In 2024, the United Kingdom carbon dioxide market was valued at 725.8 KMT. The market size has been expanding steadily due to a consistent demand for CO2 in sectors like food and beverage, healthcare, and manufacturing. By 2034, the market is projected to reach a volume of 840.5 KMT, reflecting a modest but steady growth trajectory.
This growth is driven by the increasing demand for CO2 in various applications, coupled with the adoption of technologies such as carbon capture and storage (CCS), which support the production and sustainable use of CO2.
United Kingdom Carbon Dioxide Market Trends
Increasing Demand for CO2 in Food & Beverage: The food and beverage industry remains one of the largest consumers of CO2, primarily for carbonation in soft drinks, beer, and sparkling water. As consumer preferences continue to favor carbonated beverages, the demand for CO2 in this sector is expected to remain strong.
Carbon Capture and Storage (CCS) Technologies: With the UK aiming to reach net-zero emissions by 2050, there is a growing focus on reducing CO2 emissions through innovative technologies. CCS technologies, where CO2 is captured from industrial processes and stored safely underground or used in other applications, are gaining traction and are expected to contribute to the market growth.
Healthcare Applications: CO2 is widely used in the medical sector for respiratory care, anesthesia, and endoscopic procedures. With advancements in healthcare infrastructure and technologies, the demand for medical-grade CO2 is projected to grow steadily.
Water Treatment and Wastewater Management: CO2 plays a crucial role in adjusting the pH levels in water and wastewater treatment processes. As environmental concerns and the need for clean water grow, CO2 demand in water treatment is expected to increase.
Industrial Applications: CO2 is used extensively in industries such as chemical manufacturing, metalworking, and enhanced oil recovery. The expansion of industrial activities in the UK is likely to increase the demand for CO2 in various manufacturing processes.
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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 projected to grow at a steady pace, with a CAGR of 1.5% during the forecast period from 2025 to 2034. Several factors contribute to this growth:
Sustainability Initiatives: The UK’s goal of achieving carbon neutrality is encouraging industries to invest in CO2 capture and recycling technologies, ensuring a steady supply of CO2 for industrial use while reducing emissions.
Rising Demand in Food and Beverage: The food and beverage industry’s ongoing demand for CO2, especially in carbonated beverages, will continue to be a driving force in the market.
Technological Advancements: Innovation in CO2 applications such as refrigeration, agriculture, and oil recovery is expected to boost market growth as companies seek efficient ways to use CO2.
Government Regulations: Government regulations focused on sustainability and carbon emissions reduction will encourage investment in CO2 technologies and practices that contribute to environmental goals.
United Kingdom Carbon Dioxide Market Analysis
The UK carbon dioxide market is characterized by a wide array of industries that utilize CO2 in different ways. The primary sectors driving market demand include:
Food & Beverage: The demand for CO2 in carbonation, food preservation, and packaging continues to rise, driven by consumer preferences for carbonated drinks and processed foods.
Healthcare: CO2 is essential for respiratory treatments, anesthesia, and medical procedures such as endoscopies. The growing healthcare sector and aging population in the UK contribute to the increased need for medical-grade CO2.
Industrial Manufacturing: CO2 is used in various industrial applications, such as welding, chemical production, and oil recovery. The expansion of industrial manufacturing in the UK, coupled with the growth of key industries such as chemicals, energy, and metals, supports continued demand for CO2.
Water Treatment: CO2 is crucial in the water and wastewater treatment industries for pH adjustment and neutralization of acidic waters. As the demand for clean water increases, so will the consumption of CO2 in these processes.
United Kingdom Carbon Dioxide Market Forecast
The market for carbon dioxide in the United Kingdom is expected to see steady growth in the coming decade. By 2034, the market volume is anticipated to reach 840.5 KMT, marking a 1.5% CAGR from the 2024 volume of 725.8 KMT. Factors contributing to this growth include:
Strong Demand Across Key Sectors: The food and beverage, healthcare, and industrial sectors will continue to drive CO2 demand.
Technological and Sustainability Innovations: CO2’s role in sustainable energy and industrial processes, including carbon capture and storage, will increase its importance in the coming years.
Regulatory Support: Government regulations aimed at reducing carbon emissions will incentivize businesses to invest in sustainable CO2 production and utilization methods.
Competitor Analysis in the United Kingdom Carbon Dioxide Market
Key players in the United Kingdom carbon dioxide market include both established industrial gas companies and newer players focusing on renewable CO2 production. Some of the leading competitors in the market are:
Ensus UK Limited: Ensus produces CO2 from bioethanol plants, providing a renewable source of CO2 for various applications, including food and beverage.
Air Products PLC: A global leader in industrial gases, Air Products offers CO2 for a wide range of sectors, including healthcare, food and beverage, and manufacturing.
BOC Limited (Linde): BOC is a key supplier of CO2 in the UK, catering to industries such as food processing, healthcare, and industrial applications.
Air Liquide UK Ltd: Air Liquide is a major player in the UK CO2 market, providing CO2 for medical, industrial, and food applications.
Nippon Gases: Nippon Gases supplies CO2 to various industries, including chemical manufacturing, food processing, and healthcare.
Progases (UK) Ltd: Progases specializes in supplying CO2 to the beverage industry, particularly for carbonation in soft drinks and beer.
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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