United Kingdom Carbon Dioxide Market Size, Growth & Trends 2025-2034
In 2024, the UK carbon dioxide market was valued at a volume of 725.8 KMT. This reflects a strong and consistent demand for CO2 across various industries. The food and beverage industry remains the largest consumer, utilizing CO2 for carbonation and preservation purposes.
The United Kingdom's carbon dioxide (CO2) market plays a vital role in various industries, including food and beverage, healthcare, chemicals, and oil and gas. CO2 is used in a wide range of applications, from carbonating drinks to enhanced oil recovery. The market for CO2 in the UK reached a volume of approximately 725.8 KMT (Kilotonnes) in 2024. With the continuous demand for this critical gas across multiple sectors, the market is expected to grow at a modest yet steady pace with a CAGR of 1.5% during the period from 2025 to 2034. By 2034, the UK CO2 market is projected to reach a volume of 840.5 KMT, driven by increasing demand and technological innovations in CO2 utilization.
United Kingdom Carbon Dioxide Market Size
In 2024, the UK carbon dioxide market was valued at a volume of 725.8 KMT. This reflects a strong and consistent demand for CO2 across various industries. The food and beverage industry remains the largest consumer, utilizing CO2 for carbonation and preservation purposes. Additionally, CO2 is crucial in healthcare for medical applications like respiratory treatments and anesthesia, as well as in industrial applications such as refrigeration and oil extraction.
As the demand for CO2 continues to grow, the market is expected to expand at a CAGR of 1.5%. By 2034, the CO2 market in the UK is projected to reach approximately 840.5 KMT. The market size growth is expected to be driven by both industrial demand and innovations in CO2 capture and utilization technologies.
United Kingdom Carbon Dioxide Market Trends
Sustainability and Carbon Capture: There is a growing emphasis on sustainability and reducing carbon emissions. As part of the UK's commitment to net-zero emissions, the CO2 market is seeing a rise in interest for carbon capture and utilization (CCU) technologies. These innovations focus on capturing CO2 emissions and converting them into valuable products such as biofuels and chemicals.
Increased Demand in Food & Beverage: The food and beverage industry, particularly the carbonated beverage sector, remains a significant driver of CO2 demand. With the increasing popularity of sparkling waters, soft drinks, and alcoholic beverages, the need for CO2 for carbonation continues to rise.
Advancements in CO2 Utilization: Beyond traditional applications, CO2 is now being explored for new uses. Industries are adopting CO2 for enhanced oil recovery (EOR) in oil and gas fields and utilizing CO2 in various industrial processes. Additionally, CO2 is being converted into valuable materials such as plastics, chemicals, and building materials.
Health Sector Demand: The healthcare industry continues to be a steady consumer of CO2. Medical applications include its use in respiratory therapy and for creating controlled environments in surgical settings. As healthcare needs increase, so too will the demand for CO2.
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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 set to grow steadily over the next decade. The primary factors driving this growth include:
Stable Demand Across Industries: The industrial sectors, particularly food and beverage, healthcare, and oil and gas, are expected to maintain a steady demand for CO2. As these sectors continue to expand, the need for CO2 in manufacturing processes, carbonation, and medical applications will persist.
Technological Innovation: Advancements in CO2 capture and storage technologies are expected to play a significant role in market growth. These innovations not only help reduce carbon emissions but also enable the reuse of CO2, providing new opportunities for industries to use CO2 as a raw material in various products.
Regulatory Support: The UK’s focus on sustainability and its commitment to achieving net-zero emissions by 2050 has spurred investments in sustainable CO2 usage. Government regulations and incentives for carbon capture and reuse will continue to support the market's growth.
United Kingdom Carbon Dioxide Market Analysis
The UK carbon dioxide market has shown consistent demand across its various key sectors. The largest consumption of CO2 comes from the food and beverage industry, where it is used for carbonation and refrigeration. The healthcare sector also makes up a significant share, as CO2 is utilized in medical treatments, respiratory care, and diagnostic procedures.
The market is largely influenced by supply and demand dynamics within these industries. However, advancements in CO2 capture and utilization are creating new opportunities for market players, driving the exploration of new applications and demand for CO2 in a variety of sectors, including industrial processes, oil and gas, and manufacturing.
United Kingdom Carbon Dioxide Market Forecast
The UK carbon dioxide market is projected to grow at a CAGR of 1.5% from 2025 to 2034. This growth will be driven by the continued demand for CO2 in industries such as food and beverage, healthcare, and chemicals, alongside technological innovations that allow for more sustainable and efficient CO2 use.
By 2034, the market is expected to reach a volume of 840.5 KMT. Key factors supporting this growth include stable industrial demand, the adoption of carbon capture technologies, and an increased focus on sustainable practices across industries. The market is also poised to benefit from the growing interest in CO2 utilization for producing new products and materials, contributing to overall market expansion.
Competitor Analysis in the United Kingdom Carbon Dioxide Market
The UK carbon dioxide market is competitive, with several key players contributing to the supply and distribution of CO2 across various industries. Leading companies in the market include:
Ensus UK Limited: Ensus is a significant supplier of CO2 in the UK, providing high-quality carbon dioxide for industrial applications, particularly in the food and beverage sector.
BioCarbonics Ltd.: BioCarbonics is a prominent provider of CO2, offering sustainable CO2 solutions and contributing to the market with environmentally friendly practices and products.
Yara International ASA: Yara is a major supplier of CO2 in the UK, specializing in its use for agricultural and industrial applications. The company also invests in sustainable CO2 solutions.
Air Products PLC: As one of the world’s largest suppliers of industrial gases, Air Products offers a broad range of CO2 solutions to industries, including food and beverage, healthcare, and oil and gas.
BOC Limited (Linde): BOC, a part of the Linde Group, is one of the leading suppliers of industrial gases in the UK, including CO2. The company is known for its reliable supply of CO2 and commitment to sustainability.
Air Liquide UK Ltd: Air Liquide is another prominent supplier, providing CO2 solutions for diverse industries, including healthcare, food and beverage, and manufacturing. The company is also focused on developing innovative CO2 capture and utilization technologies.
Nippon Gases: Nippon Gases supplies CO2 to industries throughout the UK, including the food and beverage and oil and gas sectors, and is focused on offering high-quality solutions to meet customer demand.
Progases (UK) Ltd: Progases is a reliable supplier of CO2 in the UK, catering to a wide range of industries with a focus on customer service and the provision of safe, high-quality gases.
Others: Other key players in the UK market include Messer Group, Praxair, and Praxair Distribution, which provide industrial gases such as CO2 for various applications, supporting a competitive market landscape.
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