The United Kingdom’s carbon dioxide (CO2) market plays an essential role in several sectors such as food and beverage, healthcare, agriculture, and manufacturing. CO2 is widely used for carbonation in beverages, refrigeration, food preservation, and even in medical treatments such as respiratory therapies. Over recent years, the market has been seeing an increasing demand driven by technological advancements, environmental concerns, and government regulations encouraging the use of more sustainable and efficient CO2 production methods.
In 2024, the United Kingdom carbon dioxide market reached a volume of 725.8 KMT. The market is expected to grow at a compound annual growth rate (CAGR) of 1.5% during the forecast period of 2025 to 2034, reaching an estimated volume of 840.5 KMT by 2034. This steady growth reflects the increasing demand from various industries for CO2 and highlights the growing trend towards sustainability.
United Kingdom Carbon Dioxide Market Size
As of 2024, the market for CO2 in the United Kingdom stands at a substantial 725.8 KMT. The food and beverage industry, a major consumer of CO2, accounts for a significant share of the market. CO2 is crucial for carbonation in drinks like sodas and beers, and it also plays a vital role in food preservation and packaging.
Other sectors such as healthcare, where CO2 is used in medical procedures and therapies, and industrial applications like refrigeration, are also substantial contributors to the market size. The projected growth of the market is expected to be fueled by the increasing demand for CO2 across these diverse sectors, alongside the adoption of technologies that enable more sustainable CO2 production methods.
By 2034, the UK CO2 market is projected to reach 840.5 KMT, driven by growth in demand across food and beverage, healthcare, and industrial sectors.
United Kingdom Carbon Dioxide Market Trends
Several key trends are currently shaping the United Kingdom carbon dioxide market:
Sustainability and Carbon Capture: The market is increasingly driven by sustainable production methods, with the adoption of carbon capture technologies playing a crucial role. As industries face pressure to reduce their carbon footprint, the demand for CO2 recycling and capture is expected to rise.
Food and Beverage Demand: With the growing demand for carbonated beverages, soft drinks, and packaged food, the food and beverage sector remains the primary driver of CO2 consumption. Trends like increasing consumption of bottled and canned beverages further contribute to market growth.
Healthcare Industry: CO2 is integral to medical treatments such as respiratory therapy and in medical imaging. With advances in healthcare technologies, the use of CO2 is expanding in medical procedures, boosting demand in this sector.
Industrial Applications: CO2 is widely used in refrigeration, enhanced oil recovery, and other industrial processes. As these industries continue to grow, CO2 demand is expected to remain high.
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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 in the coming decade. The growth can be attributed to several factors, including:
Increased demand from the food and beverage sector: As consumer preferences for soft drinks, beer, and carbonated beverages continue to rise, the demand for CO2 in carbonation processes will increase.
Technological advancements in CO2 production: Innovations in carbon capture, CO2 recycling, and production efficiency are expected to reduce costs and enhance the sustainability of CO2 production.
Expansion in the healthcare sector: As healthcare continues to grow, the demand for CO2 in medical treatments, particularly for respiratory therapies, will fuel further market expansion.
Regulatory pressures: Increasing government regulations on emissions and sustainability will push industries toward more sustainable CO2 usage, supporting market growth.
Despite the modest CAGR of 1.5%, the UK's CO2 market is well-positioned for long-term growth driven by these factors.
United Kingdom Carbon Dioxide Market Analysis
The UK carbon dioxide market is driven by a combination of factors, including:
Demand from multiple industries: Food and beverage, healthcare, industrial applications, and agriculture are key drivers of CO2 consumption in the UK.
Supply-demand dynamics: While the supply of CO2 can be volatile, particularly in response to high-demand periods, technological advancements in CO2 capture and recycling are expected to alleviate some of these challenges.
Government policies and regulations: The UK government’s push for reducing carbon emissions is shaping the way CO2 is produced, with incentives for companies to adopt green technologies.
Innovation in CO2 technologies: Advances in CO2 production and recycling technologies are likely to improve the overall efficiency of CO2 production, while reducing costs and environmental impact.
United Kingdom Carbon Dioxide Market Forecast
The carbon dioxide market in the United Kingdom is expected to experience steady growth in the coming years. By 2034, the market is projected to reach 840.5 KMT, growing at a CAGR of 1.5% between 2025 and 2034. Factors such as rising demand for CO2 in food and beverage carbonation, expanding healthcare applications, and increasing industrial uses will continue to drive market growth.
Technological advancements in carbon capture and recycling technologies, as well as stronger regulatory support for sustainability, are expected to help meet the growing demand. The UK market’s focus on sustainability and reducing carbon emissions will likely shape the future of the market, creating opportunities for innovation and growth.
Competitor Analysis
The UK carbon dioxide market is highly competitive, with several key players dominating the sector. These include:
Tata Chemicals Europe Limited: A leading player in the UK CO2 market, Tata Chemicals is involved in the production of CO2 and provides solutions for several industries, including food and beverage, agriculture, and chemicals. The company is also focused on advancing sustainability through innovative CO2 production methods.
Air Products PLC: A major global industrial gas supplier, Air Products PLC provides CO2 for a wide range of industries in the UK, including healthcare, food and beverage, and manufacturing. The company is known for its commitment to sustainability and environmentally friendly CO2 solutions.
BOC Limited (Linde): BOC, part of the Linde Group, is one of the largest suppliers of CO2 in the UK. The company serves industries such as food and beverage, healthcare, and industrial applications, with a focus on providing efficient and eco-friendly CO2 solutions.
Air Liquide UK Ltd: A global leader in industrial gases, Air Liquide supplies CO2 to a variety of industries in the UK. The company emphasizes innovation, sustainability, and environmentally responsible practices in its CO2 production processes.
Nippon Gases: Nippon Gases is another key player in the UK market, providing CO2 solutions to industries such as food, beverage, and healthcare. The company focuses on offering cost-effective and sustainable CO2 products.
Progases (UK) Ltd: Progases specializes in CO2 supply for various industries across the UK, with a particular focus on food and beverage sectors. The company is committed to delivering high-quality, sustainable CO2 solutions to meet the growing demand.
Others: Several smaller or emerging companies also contribute to the UK carbon dioxide market, providing specialized CO2 solutions to meet niche demands.
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