United Kingdom Carbon Dioxide Market Report: Size, Share and Forecast | 2034

United Kingdom Carbon Dioxide Market Outlook

The United Kingdom carbon dioxide market size attained a volume of 725.80 KMT in 2024. Aided by the increasing demand for CO2 across multiple industries and the growing awareness of its applications in sectors such as food and beverage, healthcare, and manufacturing, the market is projected to further grow at a compound annual growth rate (CAGR) of 1.50% between 2025 and 2034 to reach a volume of 842.32 KMT by 2034.

Carbon dioxide, a colorless and odorless gas, is utilized across a wide range of applications, from beverage carbonation to the medical industry, and plays a critical role in various industrial processes. The versatile nature of CO2 makes it essential in many sectors, driving its steady demand and expansion in the UK market.

The food and beverage industry remains one of the largest consumers of carbon dioxide. CO2 is used in the production of carbonated drinks, such as sodas, beers, and sparkling water, as well as in the preservation of packaged food products. The increased consumer demand for fizzy beverages and convenience foods is propelling the demand for carbon dioxide in this sector. Moreover, CO2's role as a refrigerant and in modified atmosphere packaging (MAP) is gaining prominence, enhancing the shelf-life of perishable goods.

Furthermore, the growth of the United Kingdom's healthcare and medical sectors is contributing significantly to the United Kingdom carbon dioxide market. Carbon dioxide is used in medical applications such as insufflation during laparoscopic surgeries, in respiratory therapy, and in the production of medical-grade gases. The aging population in the UK, coupled with rising healthcare needs, has led to a surge in demand for CO2 in medical technologies, bolstering its market position.

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Market Drivers Of Growth

The increasing demand for United Kingdom carbon dioxide market food and beverage industry is driven by the rising consumption of carbonated soft drinks and alcoholic beverages. The popularity of soda and sparkling drinks has surged in recent years, especially among younger demographics, who prefer the sensory experience of bubbles. As consumer preferences evolve, the beverage industry's reliance on CO2 continues to be a major factor propelling the carbon dioxide market's growth.

The UK's increasing focus on reducing food waste is also boosting the demand for CO2 in the form of modified atmosphere packaging (MAP). This packaging method extends the shelf life of food by slowing the deterioration process, reducing spoilage, and maintaining product quality during storage and transport. The growing interest in sustainable practices within the food industry is expected to drive further growth in the use of CO2 for food preservation, further expanding the market.

In the healthcare industry, the need for CO2 is rising in various medical applications, from diagnostics to surgical procedures. Laparoscopic surgeries, which require the use of CO2 for insufflation to expand the abdominal cavity, are becoming more prevalent due to their minimally invasive nature and shorter recovery times. The demand for CO2 in these medical applications is expected to continue its upward trajectory, driven by advancements in healthcare technologies and the increasing need for medical procedures in an aging population.

The industrial use of carbon dioxide in processes such as chemical production, enhanced oil recovery (EOR), and water treatment is another driver contributing to United Kingdom carbon dioxide market growth. CO2 is used in the production of chemicals like urea and methanol, which are critical in manufacturing fertilizers, plastics, and pharmaceuticals. Additionally, CO2 is injected into oil reservoirs in EOR techniques to enhance oil extraction, providing a significant opportunity for market growth in the energy sector.

Emerging Trends

One of the key trends in the United Kingdom carbon dioxide market is the increasing adoption of sustainable and environmentally friendly practices. Carbon dioxide, while essential in various industries, is also a greenhouse gas, and its emissions contribute to climate change. As a result, there is growing interest in carbon capture and utilization (CCU) technologies, which involve capturing CO2 from industrial processes and repurposing it for use in other sectors. The UK government's push for net-zero emissions by 2050 is expected to further accelerate the development and deployment of these technologies, which could potentially help mitigate the environmental impact of CO2 production.

Additionally, the rise of carbon-neutral and low-carbon technologies is driving the demand for CO2 in industrial applications. Companies are seeking to reduce their carbon footprints by implementing technologies that capture and reuse CO2 emissions, particularly in the manufacturing and energy sectors. This trend towards carbon neutrality is expected to have a long-term positive impact on the market, as businesses increasingly prioritize sustainability in their operations.

Another emerging trend is the increasing use of CO2 in the production of renewable energy, particularly in the form of algae-based biofuels. Algae, which can absorb CO2 during photosynthesis, is being explored as a potential source of renewable energy. This innovation is expected to open up new avenues for the utilization of CO2 in sustainable energy production, adding a new layer of growth potential to the market.

United Kingdom Carbon Dioxide Market Market Segmentation

The market can be divided based on source, production and End use.

• Ammonia
• Ethyl Alcohol
• Substitute Natural Gas and CCU

Breakup by Production

• Biological
• Combustion

Breakup by End Use

• Food and Beverages
• Oil and Gas
• Medical
• Metal Fabrication
• Others

Competitive Landscape

Some of the major players explored in the report by  Expert Market Research are as follows:

• Ensus UK Limited
• BioCarbonics Ltd.
• Tata Chemicals Europe Limited
• Yara International ASA
• Air Products PLC
• BOC Limited (Linde)
• Air Liquide UK Ltd
• Nippon Gases
• Progases (UK) Ltd
• Others

Industry Challenges

Despite the positive growth outlook, the United Kingdom carbon dioxide market faces several challenges that could hinder its expansion. One of the primary concerns is the increasing volatility of CO2 supply, which is subject to fluctuations in production and demand. For example, the COVID-19 pandemic disrupted CO2 production and led to shortages in the supply chain, which impacted industries that rely on the gas for their operations. Such disruptions pose a risk to the stability of the CO2 market, and mitigating these supply chain risks will be a key challenge for stakeholders in the industry.

Another challenge is the regulatory environment surrounding CO2 emissions and its environmental impact. The growing pressure to reduce greenhouse gas emissions and limit the carbon footprint of industries could affect the demand for CO2 in certain applications, particularly in sectors such as energy and chemical manufacturing. Compliance with increasingly stringent environmental regulations may lead to higher operational costs, affecting the profitability of CO2 producers.

Additionally, the increasing focus on alternative gases in various applications, such as nitrogen or nitrogen mixtures for packaging and medical use, could limit the growth of the CO2 market in specific industries. The availability of cost-effective and efficient alternatives to carbon dioxide may pose a challenge to market expansion in certain segments.

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