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

The United Kingdom (UK) Carbon Dioxide (CO2) market plays a crucial role in several industries, including food and beverage, healthcare, agriculture, and manufacturing. CO2 is a versatile chemical with applications ranging from carbonated drinks and fire extinguishers to medical treatments and enhanced oil recovery. The UK carbon dioxide market has seen significant growth in recent years, fueled by the expanding demand in key sectors and increasing focus on reducing carbon emissions. As of 2024, the market reached a volume of 725.8 KMT, and it is projected to experience a steady growth rate over the next decade, reaching 840.5 KMT by 2034.

United Kingdom Carbon Dioxide Market Size

In 2024, the UK carbon dioxide market had a substantial volume of 725.8 KMT. This sizable market size reflects the growing demand for CO2 across various industries, including food packaging, medical applications, and industrial use. The beverage industry alone has been a major contributor to CO2 consumption, particularly for carbonation in soft drinks and alcoholic beverages. Additionally, with increased industrial activity and healthcare demand, the market size is expected to grow further, reaching an estimated volume of 840.5 KMT by 2034.

United Kingdom Carbon Dioxide Market Trends

Several trends are shaping the UK carbon dioxide market:

Increasing Demand from Food and Beverage Industry: The food and beverage sector remains one of the largest consumers of CO2, especially in the production of carbonated drinks and food preservation. The rising consumer preference for carbonated beverages and frozen food products continues to fuel market growth.

Rise in Healthcare Applications: Carbon dioxide is widely used in medical applications, such as in the treatment of respiratory disorders and during surgical procedures. The growing healthcare sector in the UK, coupled with an aging population, is driving the demand for CO2 in medical applications.

Focus on Sustainability: With growing concerns about climate change, industries in the UK are looking for ways to minimize their environmental footprint. The CO2 market is also witnessing an increasing interest in capturing and reusing CO2, contributing to the development of green technologies and sustainable practices.

Regulatory Support and Technological Innovations: The UK government’s stringent environmental regulations and the promotion of carbon capture and storage (CCS) technologies are expected to encourage innovation within the CO2 market. The continuous development of new methods for CO2 production and distribution will impact the market’s future growth.

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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 poised for steady growth, driven by various factors. Between 2025 and 2034, the market is projected to experience a compound annual growth rate (CAGR) of 1.5%. This growth can be attributed to the increasing demand for CO2 in key sectors like beverage carbonation, medical treatment, and enhanced oil recovery. Moreover, the UK’s commitment to reducing carbon emissions and adopting cleaner technologies will play a role in boosting the demand for CO2 in industrial applications.

The expansion of sectors such as food processing, packaging, and manufacturing will continue to support the carbon dioxide market, alongside innovations in technology that allow for better CO2 capture and utilization.

United Kingdom Carbon Dioxide Market Analysis

The UK carbon dioxide market is influenced by both domestic and global trends. Domestically, the UK’s commitment to reducing carbon emissions and transitioning to a low-carbon economy creates a favorable environment for the market. At the same time, the global push for sustainability and climate-conscious practices also supports the use of carbon dioxide in various industries.

Key market drivers include:

• The demand for CO2 in enhanced oil recovery and industrial processes
• The use of CO2 in the food and beverage industry, particularly in carbonation
• Healthcare applications, including the use of CO2 in surgeries and treatments

However, challenges such as the volatility of CO2 prices, disruptions in the supply chain, and potential regulatory restrictions on carbon emissions could impact market growth. It will be crucial for industry players to develop sustainable methods of CO2 production and supply to ensure long-term growth and stability in the market.

United Kingdom Carbon Dioxide Market Forecast

The UK carbon dioxide market is forecast to continue its positive growth trajectory through 2034. With an expected CAGR of 1.5% between 2025 and 2034, the market is set to reach 840.5 KMT by the end of the forecast period. The forecasted growth is supported by consistent demand from sectors like food and beverage, healthcare, and industrial applications. Moreover, advancements in CO2 production and distribution technologies will further drive market expansion.

Additionally, as the UK accelerates its shift toward sustainable practices and reduces its carbon footprint, CO2 capture and reuse technologies will likely play an increasing role in the market, further boosting demand.

Competitor Analysis in the United Kingdom Carbon Dioxide Market

Several key players dominate the UK carbon dioxide market. These players are focused on increasing production capacity, improving supply chain efficiency, and offering innovative solutions to meet the growing demand for CO2 across industries.

Ensus UK Limited: A leading player in the UK market, Ensus UK Limited specializes in the production of CO2 and is well-positioned to cater to the food and beverage industry, as well as other industrial sectors.

BioCarbonics Ltd.: Known for its sustainable CO2 production methods, BioCarbonics Ltd. focuses on offering high-quality CO2 for various applications, including food and beverage carbonation and medical uses.

Tata Chemicals Europe Limited: With its strong presence in the UK market, Tata Chemicals is a key player in CO2 production, providing a wide range of solutions across various industries, including manufacturing, healthcare, and food packaging.

Yara International ASA: As a global leader in agricultural products and solutions, Yara International is also involved in the UK CO2 market, offering CO2 for agricultural and industrial applications.

Air Products PLC: A leading global player in industrial gases, Air Products is a major supplier of CO2 to the UK market, serving industries like food and beverage, healthcare, and manufacturing.

BOC Limited (Linde): BOC Limited, part of Linde Group, is one of the largest CO2 suppliers in the UK, providing CO2 for various industrial applications, including healthcare, food processing, and enhanced oil recovery.

Air Liquide UK Ltd: Air Liquide is another significant player in the UK CO2 market, supplying CO2 to industries such as healthcare, manufacturing, and food and beverage.

Nippon Gases: Nippon Gases is a key competitor in the UK carbon dioxide market, offering CO2 solutions across multiple sectors, including food and beverage and healthcare.

Progases (UK) Ltd: Specializing in the supply of industrial gases, Progases is another important player in the UK carbon dioxide market, with a strong focus on sustainability and innovative CO2 production methods.

Others: The UK market also includes a range of smaller players and local suppliers, contributing to the competitive landscape.

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