United Kingdom Carbon Dioxide Market Share, Growth & Forecast 2025-2034
As industries in the UK continue to prioritize sustainability and eco-friendly practices, the demand for CO2 is expected to remain stable and grow in line with economic trends.
The United Kingdom carbon dioxide (CO2) market plays a crucial role in a wide range of industrial and commercial applications, from food and beverage production to medical and agricultural uses. Carbon dioxide (CO2) is an essential component for industries such as beverage carbonation, enhanced oil recovery, and water treatment. In 2024, the UK carbon dioxide market reached a volume of 725.8 KMT (kilotonnes), and it is poised for consistent growth over the coming decade, with a projected compound annual growth rate (CAGR) of 1.5% from 2025 to 2034, ultimately reaching 840.5 KMT by 2034.
United Kingdom Carbon Dioxide Market Size
The carbon dioxide market in the UK has experienced steady demand due to the diverse applications of CO2. In 2024, the market size stood at 725.8 KMT, representing a significant volume in the global context. This demand has been driven by various sectors, including food and beverage (carbonation of drinks), healthcare (medical use of CO2), and the manufacturing of chemicals and other industrial products. As industries in the UK continue to prioritize sustainability and eco-friendly practices, the demand for CO2 is expected to remain stable and grow in line with economic trends.
United Kingdom Carbon Dioxide Market Trends
Several trends are influencing the growth and development of the UK carbon dioxide market. One of the most prominent trends is the increasing demand for CO2 in the food and beverage industry, particularly for carbonated drinks and packaged foods. Additionally, the use of CO2 in enhanced oil recovery (EOR) processes is on the rise, further fueling market demand.
Moreover, there is a growing emphasis on capturing and utilizing CO2 in various industrial processes, such as carbon capture and storage (CCS), which is contributing to reducing overall emissions in the UK. The government's push for greener practices and carbon neutrality by 2050 has also led to a rise in investments in technologies that can capture and utilize CO2, supporting market expansion.
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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 UK carbon dioxide market is expected to grow steadily in the coming years, driven by a combination of regulatory support, technological advancements, and increasing demand across key industries. A key driver of this growth is the expansion of the food and beverage sector, which will continue to demand CO2 for carbonation and preservation. Additionally, medical and pharmaceutical industries will contribute to the growing need for CO2 in medical applications, such as insufflation in laparoscopic surgeries and as a respiratory stimulant.
The UK government’s initiatives to decarbonize various sectors, including the push for clean energy and the adoption of carbon capture technologies, will further support market growth. Furthermore, the introduction of stringent emissions regulations and a rising focus on sustainable practices are expected to contribute to the long-term positive outlook for the UK carbon dioxide market.
United Kingdom Carbon Dioxide Market Analysis
The UK carbon dioxide market faces several opportunities and challenges. On one hand, technological advancements in CO2 production, capture, and storage are leading to improved efficiency in CO2 generation. On the other hand, fluctuations in the supply of CO2 can create challenges for industries reliant on this critical resource. The UK market also faces competition from international CO2 suppliers, and regional supply disruptions, such as those seen in 2021, highlight the need for a robust and resilient supply chain.
In terms of competition, the market is characterized by several key players, including large chemical and gas companies that dominate the market. Ensus UK Limited, BioCarbonics Ltd., Tata Chemicals Europe Limited, and Yara International ASA are some of the key players that hold a significant share of the UK carbon dioxide market. Other notable players such as Air Products PLC, BOC Limited (Linde), and Air Liquide UK Ltd further contribute to the market’s competitive landscape.
United Kingdom Carbon Dioxide Market Forecast
Looking ahead to the period from 2025 to 2034, the UK carbon dioxide market is projected to expand at a CAGR of 1.5%, with the market size expected to reach 840.5 KMT by 2034. This growth can be attributed to continued demand from various sectors, including food and beverage, medical, and industrial applications, as well as the growing focus on sustainable practices and carbon capture technologies.
In particular, innovations in CO2 utilization, such as converting CO2 into valuable products (carbon-neutral fuel, chemicals, etc.), will likely spur further market expansion. The UK’s commitment to reducing carbon emissions and reaching net-zero by 2050 will drive ongoing investment in CO2-based technologies, providing a solid foundation for market growth.
Competitor Analysis
The competitive landscape of the United Kingdom carbon dioxide market is dominated by several large, well-established companies. These industry leaders include:
Ensus UK Limited - A major player in the production and supply of CO2, particularly focusing on agricultural and industrial applications.
BioCarbonics Ltd. - A key supplier specializing in both high-purity CO2 for medical uses and industrial CO2.
Tata Chemicals Europe Limited - Known for their large-scale CO2 production capabilities, serving the food, beverage, and chemical industries.
Yara International ASA - A global player that provides CO2 for various applications, including fertilizers and industrial uses.
Air Products PLC - A leading provider of gases and related technologies, with a significant share of the CO2 market.
Others: Smaller, regional players also contribute to the market by offering specialized CO2 solutions tailored to specific industries.
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