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

The United Kingdom carbon dioxide market is a crucial sector that plays a significant role in various industries, including food and beverage, healthcare, chemicals, and energy. Carbon dioxide (CO₂) is widely used for carbonation in beverages, as a refrigerant, in fire suppression systems, and in medical applications, among others. The market reached a volume of 725.8 KMT (kilotons) in 2024 and is projected to grow at a steady Compound Annual Growth Rate (CAGR) of 1.5% from 2025 to 2034, potentially reaching 840.5 KMT by 2034. This steady growth highlights the increasing demand for CO₂ in the UK across multiple industries as businesses look for sustainable and effective solutions.

United Kingdom Carbon Dioxide Market Size

The size of the UK carbon dioxide market in 2024 is estimated at 725.8 KMT. The demand for CO₂ is primarily driven by the food and beverage sector, where it is used in the carbonation of soft drinks and alcoholic beverages, such as beer and sparkling wine. Furthermore, the healthcare industry uses CO₂ in medical procedures and for anesthesia purposes. As the population grows and industries continue to evolve, the demand for carbon dioxide is expected to remain strong. By 2034, the UK market is projected to expand at a rate of 1.5% annually, reaching a market size of 840.5 KMT.

United Kingdom Carbon Dioxide Market Trends

Several key trends are shaping the carbon dioxide market in the United Kingdom:

Sustainability Focus: Many industries, particularly food and beverage, are increasingly emphasizing sustainability in their production processes. As a result, CO₂ producers are exploring ways to capture and recycle CO₂ emissions, reducing their carbon footprint and offering more eco-friendly solutions to their customers.

Advancements in Technology: The development of new technologies in CO₂ capture and storage, as well as in CO₂ production processes, is contributing to an efficient and sustainable supply chain for carbon dioxide.

Rising Demand from the Healthcare Sector: With increasing healthcare applications, including in medical procedures and diagnostic testing, the demand for CO₂ in the healthcare sector is rising. CO₂ is used in insufflation during laparoscopic surgeries and in respiratory treatments.

Impact of Industrial Regulations: Stricter environmental regulations in the UK are leading to increased use of CO₂ in industries such as food preservation and carbon capture processes, encouraging market players to adopt more sustainable practices.

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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 experiencing consistent growth driven by various sectors. The growth is attributed to:

Rising Demand in Food and Beverage: The food and beverage industry remains one of the largest consumers of carbon dioxide for carbonation, preservation, and packaging. With the increasing consumption of carbonated drinks and the need for improved food preservation methods, demand is set to rise.

Industrial Applications: Industrial sectors such as chemicals, oil, and gas use CO₂ in enhanced oil recovery processes, as well as in the production of chemicals and fertilizers. With industries focusing on more sustainable practices, CO₂ usage is likely to continue growing.

Technological Advancements: Innovations in CO₂ capture and storage technologies are enabling businesses to use CO₂ in a more efficient and cost-effective manner. This includes its role in carbon capture, utilization, and storage (CCUS) technologies to reduce emissions and mitigate the impact of climate change.

Healthcare Applications: The demand for CO₂ in healthcare applications, such as in medical imaging, anesthesia, and surgical procedures, is also contributing to market growth. The increased focus on healthcare and medical research, especially with an aging population, will drive further demand for CO₂.

United Kingdom Carbon Dioxide Market Analysis

The UK carbon dioxide market benefits from a diverse range of applications that support its expansion. While food and beverage industries remain the primary consumers of CO₂, significant growth is seen in sectors such as healthcare, chemicals, and energy. The increase in demand for CO₂ is largely influenced by factors such as:

• Food and Beverage Industry Demand: The increasing popularity of carbonated beverages and the need for innovative preservation methods in food are the primary drivers.

• Healthcare and Medical Use: Carbon dioxide’s critical role in the medical sector, particularly in surgeries and diagnostics, ensures its continued demand.

• Environmental Policies and Technological Innovation: With the UK’s commitment to reducing carbon emissions, carbon dioxide markets are evolving through better CO₂ capture and storage technologies.

The competitive landscape of the UK CO₂ market is marked by a few key players who drive technological advancements and contribute to its growth trajectory.

United Kingdom Carbon Dioxide Market Forecast

The UK carbon dioxide market is projected to experience moderate but steady growth over the next decade. From a market volume of 725.8 KMT in 2024, the market is expected to expand at a CAGR of 1.5%, reaching 840.5 KMT by 2034. This forecast is driven by:

• Increased Industrial Use: As industries continue to grow and innovate, particularly in food processing, healthcare, and chemicals, demand for CO₂ is likely to expand.

• Environmental Initiatives: As the UK and global economies place greater emphasis on sustainability, industries will adopt CO₂ recovery and utilization technologies, contributing to long-term market growth.

• Technological Advancements: With ongoing developments in carbon capture and CO₂ production processes, market players will be able to offer more cost-effective and environmentally friendly products to consumers.

Competitor Analysis

Several key players dominate the carbon dioxide market in the United Kingdom, including:

Air Products PLC: A global leader in industrial gases, Air Products offers CO₂ for various industrial applications, including the food and beverage sector, healthcare, and energy.

BOC Limited (Linde): A major player in the UK CO₂ market, BOC provides CO₂ to industries such as manufacturing, food and beverage, and healthcare.

Air Liquide UK Ltd: Known for its technological innovation, Air Liquide provides CO₂ to a variety of industries, including chemical, food and beverage, and healthcare.

Nippon Gases: This company specializes in industrial gases, including CO₂, and serves multiple sectors, ranging from food and beverage to pharmaceuticals.

Progases (UK) Ltd: A key supplier of CO₂ in the UK, Progases focuses on providing CO₂ for industrial, medical, and beverage uses.

Others : These companies, alongside smaller players, are driving growth and shaping the future of the UK carbon dioxide market.

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