The United Kingdom carbon dioxide (CO2) market is a vital component of numerous industries such as food and beverage, healthcare, manufacturing, and oil recovery. CO2 is essential for a variety of applications, including carbonation of drinks, food preservation, medical purposes, and industrial processes. The market in the UK is experiencing gradual growth, with a projected increase in volume from 725.8 KMT in 2024 to 840.5 KMT by 2034, reflecting a steady growth trend.
United Kingdom Carbon Dioxide Market Size
In 2024, the United Kingdom carbon dioxide market was valued at 725.8 KMT. This represents a significant demand for CO2 across various industries, with the food and beverage sector being one of the largest consumers. CO2 is also critical in healthcare, where it is used for medical applications such as respiration therapy and as an anesthetic gas.
The market is expected to grow at a CAGR of 1.5% from 2025 to 2034. By the end of the forecast period in 2034, the UK carbon dioxide market is projected to reach a volume of 840.5 KMT. This growth is indicative of the continued demand for CO2 and the increasing reliance on this industrial gas across various sectors in the UK economy.
United Kingdom Carbon Dioxide Market Trends
Several key trends are currently shaping the United Kingdom's carbon dioxide market:
Sustainability Efforts and CO2 Capture: With the UK government’s ambitious targets for net-zero carbon emissions by 2050, industries are increasingly focused on reducing their carbon footprints. CO2 capture, storage, and reuse technologies are becoming more prominent, as industries look for sustainable ways to manage CO2 emissions.
Food and Beverage Industry Demand: The demand for CO2 is particularly high in the food and beverage industry, where it is used for carbonation in drinks, refrigeration, and food preservation. With the growth of the health-conscious consumer, beverages such as sparkling water and soft drinks continue to drive CO2 consumption.
Advancements in Medical Applications: In healthcare, CO2 is essential for certain medical procedures, such as in respiratory care, anesthesia, and as a medical gas for various therapeutic purposes. As the healthcare industry continues to expand, CO2’s role in medical applications is expected to grow as well.
Carbon Capture and Reuse: Technologies that capture CO2 from industrial processes and reuse it for beneficial purposes, such as enhancing oil recovery or producing synthetic fuels, are gaining traction. These technologies help reduce the environmental impact of CO2 emissions and are seen as a key part of the transition to a low-carbon economy.
Green Initiatives and CO2 Management: The increasing focus on reducing CO2 emissions and incorporating greener practices is driving demand for more efficient CO2 management. Companies are investing in technologies that capture and convert CO2 into useful products, such as fuel and chemicals, which could potentially reduce reliance on traditional CO2 emissions.
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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 growth of the United Kingdom carbon dioxide market is influenced by several factors:
Industrial Demand: CO2 is used extensively in a range of industrial applications, from chemical production and oil recovery to refrigeration and fire suppression systems. As industrial output increases in the UK, demand for CO2 is expected to rise as well.
Increased Usage in Food Processing: The food and beverage sector will continue to drive demand for CO2, as it is needed for carbonation, food preservation, and refrigeration. With the rising popularity of packaged beverages and processed foods, CO2 consumption in the food sector is projected to grow steadily.
Healthcare Sector Growth: The use of CO2 in healthcare, particularly in medical devices and respiratory therapies, is another important driver of market growth. As the UK's healthcare industry expands, so will the demand for CO2 in medical applications.
Regulatory Pressure and Sustainability: Governments and industries worldwide are under increasing pressure to adopt environmentally friendly practices. As part of its commitment to sustainability, the UK is advancing CO2 capture and storage technologies, which will help curb CO2 emissions while providing a growing market for CO2 in industrial and medical applications.
Technological Advancements: The development of new technologies that allow for more efficient and sustainable CO2 production, storage, and usage is expected to drive market growth. This includes innovations in CO2 recycling and the use of CO2 in alternative energy and fuel production.
United Kingdom Carbon Dioxide Market Analysis
The United Kingdom carbon dioxide market is characterized by the presence of both large and small players who supply CO2 to a range of industries. The market is competitive, with companies vying to expand their production capabilities and improve the efficiency of CO2 capture and storage methods. Key factors affecting market dynamics include:
Regulatory Landscape: Policies aimed at reducing emissions and supporting the use of CO2 in sustainable applications influence the market. The UK’s commitment to reducing carbon emissions and increasing the use of CO2 for beneficial purposes is driving the development of new technologies.
Supply Chain Considerations: Effective logistics and transportation are crucial in the CO2 market. Since CO2 is often produced as a by-product of other industrial processes, ensuring efficient storage and delivery systems is important for maintaining supply to industries that rely on CO2.
Economic Conditions: As with most industrial markets, economic conditions and industrial growth impact CO2 demand. Growth in sectors such as healthcare, food processing, and manufacturing helps ensure continued market expansion.
United Kingdom Carbon Dioxide Market Forecast
The United Kingdom carbon dioxide market is expected to grow at a CAGR of 1.5% between 2025 and 2034, reaching a volume of 840.5 KMT by 2034. Key factors contributing to this growth include:
Stable Demand Across Key Sectors: The food and beverage, healthcare, and industrial sectors are all projected to continue driving steady demand for CO2.
Technological Innovations: Ongoing advancements in CO2 capture and sustainable management solutions will contribute to market growth, as industries work to reduce emissions and repurpose CO2 for beneficial applications.
Government Support: The UK's focus on sustainability and carbon management will create a favorable regulatory environment for CO2 supply and usage, supporting market expansion in the long term.
Competitor Analysis
Several companies dominate the United Kingdom carbon dioxide market, offering a range of products and services across multiple sectors:
Ensus UK Limited: Ensus UK produces CO2 as a by-product of ethanol production. The company plays a significant role in supplying CO2 to various sectors, particularly food and beverage and manufacturing.
BioCarbonics Ltd.: BioCarbonics is involved in the production and supply of CO2 to industries such as food, beverage, and healthcare, providing essential CO2 solutions for various industrial processes.
Tata Chemicals Europe Limited: Tata Chemicals is a key player in the CO2 market, supplying industrial gases and CO2 for a wide range of applications in sectors like food processing, chemical production, and oil recovery.
Yara International ASA: Yara International produces CO2 as part of its chemical production processes, providing CO2 for various industrial applications, including the manufacturing and healthcare industries.
Air Liquide UK Ltd: Air Liquide is one of the largest global suppliers of industrial gases, including CO2, with a focus on providing sustainable CO2 solutions to various industries in the UK.
Nippon Gases: Nippon Gases provides CO2 solutions to various industries, particularly in the chemical and manufacturing sectors. The company is expanding its footprint in the UK market to meet growing demand for CO2.
Progases (UK) Ltd: Progases is a key supplier of CO2 in the UK, providing CO2 for a wide range of industrial and medical applications. The company focuses on delivering high-quality CO2 solutions to meet diverse customer needs.
Others: Numerous other players contribute to the carbon dioxide market in the UK, either through local production or as part of global supply chains.
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