United Kingdom Carbon Dioxide Market Outlook
The United Kingdom carbon dioxide market size reached a volume of 725.80 KMT in 2024. With industries increasingly focusing on effective carbon emissions reduction strategies and growing demand across sectors such as food and beverage, healthcare, and manufacturing, the market is projected to grow at a compound annual growth rate (CAGR) of 1.50% from 2025 to 2034, ultimately reaching a volume of 842.32 KMT by 2034.
Carbon dioxide is a colorless, odorless gas widely used in industrial applications, particularly in the production of beverages, food packaging, and medical treatments. It is also a crucial component in processes such as enhanced oil recovery and in the chemical industry. As the demand for CO2 grows across various sectors, it is becoming increasingly important to manage production, distribution, and consumption to ensure sustainable practices are in place.
The demand for carbon dioxide is primarily driven by its diverse range of applications, the growth of industries that depend on it, and the increasing focus on sustainability and carbon capture. The UK government’s efforts to reduce carbon emissions, along with technological advancements in CO2 utilization, are expected to have a significant impact on the market over the next decade.
Growth in the Food and Beverage Industry
The food and beverage industry is one of the largest consumers of United Kingdom carbon dioxide market. CO2 is widely used for carbonation in soft drinks, beers, and sparkling wines, as well as in food preservation and packaging. The increasing demand for carbonated beverages, coupled with the growing trend for packaged and ready-to-eat food, is driving the need for CO2 in the food and beverage sector.
In addition to its use in carbonation, carbon dioxide is also utilized in modified atmosphere packaging (MAP), which extends the shelf life of perishable food products. The rising consumer preference for packaged foods, along with the growing trend towards convenience, has boosted the demand for CO2 in the food industry.
Furthermore, innovations in the food and beverage sector, such as the growing popularity of health-conscious and low-calorie beverages, are expected to provide further opportunities for CO2 suppliers. The introduction of CO2 in alternative beverages such as kombucha, flavored waters, and plant-based drinks is expanding the application scope for carbon dioxide in the food and beverage industry.
Increased Use in Healthcare Applications
The healthcare sector is another key driver of the United Kingdom carbon dioxide market. CO2 is used in a variety of medical applications, including in medical gas mixtures for anesthesia, respiratory care, and as a diagnostic tool for certain medical procedures. It is also used in minimally invasive surgeries, such as laparoscopic procedures, where CO2 is used to inflate body cavities for better visualization.
The demand for CO2 in healthcare applications is anticipated to grow due to the increasing number of surgeries, the aging population, and the rising prevalence of chronic diseases. Moreover, with advancements in medical technologies and increased healthcare infrastructure, carbon dioxide’s role in modern medical treatments will continue to expand.
Environmental Regulations and Carbon Capture Initiatives
The growing environmental concerns surrounding carbon emissions have led to increased focus on carbon capture and utilization technologies, which is having a significant impact on the United Kingdom carbon dioxide market. The UK government has implemented stringent regulations to reduce carbon emissions, including carbon taxes and emission trading schemes, which encourage industries to capture and reuse CO2.
These regulations have not only spurred the development of carbon capture and storage (CCS) technologies but also opened new avenues for CO2 to be utilized in various applications, such as the production of biofuels and synthetic fuels. As industries look for sustainable ways to offset their carbon footprints, the market for captured CO2 as a raw material for industrial processes is expanding.
The UK’s commitment to achieving net-zero emissions by 2050 is expected to accelerate the adoption of carbon capture technologies, creating further demand for CO2 in the long term. By capturing CO2 from industrial processes and utilizing it in a range of applications, the UK is taking significant steps towards a more sustainable carbon economy.
Demand for CO2 in Manufacturing and Chemical Production
Carbon dioxide is used in the manufacturing sector, particularly in chemical production processes. It is utilized as a feedstock in the production of chemicals such as urea, methanol, and citric acid, which are integral to the agricultural, automotive, and consumer goods industries. The demand for these chemicals continues to rise, driven by the growth of industrial activities and the need for a variety of consumer products.
Furthermore, CO2 plays a critical role in certain manufacturing processes, such as welding, where it is used as a shielding gas, and in metal production, where it can be employed in chemical synthesis processes. As manufacturing activities grow in the UK and globally, the demand for CO2 in these industries is expected to increase.
Carbon Dioxide for Enhanced Oil Recovery
In addition to its use in industrial applications, CO2 is employed in enhanced oil recovery (EOR) processes. EOR techniques involve injecting CO2 into oil reservoirs to increase the amount of crude oil that can be extracted. This technique has become increasingly popular in the oil and gas industry, as it improves the efficiency of oil recovery operations, especially in mature or declining fields.
As the UK continues to rely on domestic energy sources while transitioning to renewable energy, the demand for CO2 in oil recovery operations is expected to remain significant, especially as companies seek to maximize output from existing oil fields.
Technological Advancements and Innovations in CO2 Utilization
The United Kingdom carbon dioxide market is witnessing significant advancements in technology, which are helping to expand the range of applications for CO2. Carbon capture and utilization (CCU) technologies are at the forefront of these innovations, offering new ways to use CO2 that would otherwise be released into the atmosphere.
For example, research is underway to explore the use of CO2 in the production of synthetic fuels, such as synthetic natural gas (SNG) and synthetic liquid fuels, which could reduce reliance on fossil fuels and mitigate the impact of greenhouse gases. Additionally, CO2 is being explored as a potential feedstock for the production of chemicals like plastics and fertilizers, offering a more sustainable alternative to traditional manufacturing processes.
These innovations are expected to drive the growth of the UK carbon dioxide market by offering new revenue streams for CO2 suppliers and helping industries meet their sustainability goals.
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United Kingdom Carbon Dioxide Market Segmentation
The market can be divided based on source, production and End use.
Breakup by Source
- 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
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