United Kingdom Carbon Dioxide Market Size, Trends & Share 2025-2034
The UK carbon dioxide market was valued at 725.8 KMT in 2024. This figure reflects the overall demand for CO₂ from a range of industries. The market is expected to witness moderate growth in the coming decade, with a projected CAGR of 1.5% from 2025 to 2034.
The United Kingdom's carbon dioxide (CO2) market has seen steady growth over the years, and the trend is set to continue in the future. The market attained a volume of 725.8 KMT (kilotons) in 2024, and it is projected to grow at a compound annual growth rate (CAGR) of 1.5% from 2025 to 2034. By 2034, the market is expected to reach a volume of 840.5 KMT. In this blog, we will explore the CO₂ market in the UK, focusing on its overview, market size, trends, growth drivers, forecasts, and competitive landscape.
United Kingdom Carbon Dioxide Market Size
The UK carbon dioxide market was valued at 725.8 KMT in 2024. This figure reflects the overall demand for CO₂ from a range of industries. The market is expected to witness moderate growth in the coming decade, with a projected CAGR of 1.5% from 2025 to 2034.
By 2034, the carbon dioxide market in the UK is forecasted to reach a volume of approximately 840.5 KMT. This increase is largely attributed to the growing demand for CO₂ in industrial applications, particularly in the food and beverage sector, as well as emerging applications in environmental sustainability.
United Kingdom Carbon Dioxide Market Trends
Several trends are influencing the United Kingdom’s CO₂ market, with both opportunities and challenges arising from these developments:
Sustainability and Carbon Capture Technologies: There is growing interest in carbon capture, utilization, and storage (CCUS) technologies in the UK. These technologies are crucial for mitigating climate change and supporting net-zero emission targets. As companies and governments invest in CCUS, it is expected to create a demand for CO₂ in new applications, such as greenhouses and synthetic fuel production.
Food and Beverage Industry Demand: The demand for CO₂ in the food and beverage industry remains a dominant factor in the UK market. CO₂ is used in carbonation processes, as well as in food preservation and packaging, ensuring extended shelf life for products. The growing focus on convenience foods, ready-to-eat meals, and carbonated beverages drives the demand for CO₂.
Use in Healthcare: Carbon dioxide is also essential in medical applications, particularly in respiratory therapies. The healthcare sector’s reliance on CO₂ for surgical procedures, endoscopic surgeries, and medical gases is expected to support consistent demand in the UK market.
Industrial Applications: CO₂ is used extensively in manufacturing processes, including in the production of chemicals, metals, and in welding applications. The industrial use of CO₂ continues to be a significant contributor to the market, with sectors such as metal production and mining demanding large quantities of CO₂ for processing.
Environmental Regulations: Stringent government regulations aimed at reducing emissions could increase the demand for CO₂ for both capturing and recycling purposes. The UK's focus on reducing carbon footprints presents new growth opportunities in the carbon dioxide market, with companies investing in solutions to offset industrial 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 UK carbon dioxide market is projected to see moderate growth over the next decade, primarily driven by the following factors:
Food and Beverage Sector Growth: The ongoing expansion of the UK food and beverage industry is a key driver of CO₂ demand. Increased consumption of carbonated beverages, the need for extended food shelf life, and innovations in food packaging techniques will continue to spur demand for CO₂.
Rise in Industrial Applications: Industrial CO₂ usage in sectors such as chemical production, oil and gas, and metal production is expected to grow in line with the recovery of the UK manufacturing sector. These sectors require CO₂ for various processes, including refrigeration, welding, and chemical production.
Environmental Initiatives and Net-Zero Goals: The UK government’s commitment to achieving net-zero emissions by 2050 has prompted businesses and industries to focus on carbon capture technologies. The demand for CO₂ for carbon capture and storage (CCS) solutions will contribute to long-term growth in the market.
Healthcare Sector Demand: The medical and healthcare industry is expected to continue driving demand for CO₂ for therapeutic purposes and surgical applications. With advancements in medical technologies and procedures, the use of CO₂ will remain integral to various medical fields.
United Kingdom Carbon Dioxide Market Analysis
The United Kingdom’s CO₂ market is primarily driven by demand from a variety of industries, including food and beverages, healthcare, and manufacturing. It is marked by a shift towards more sustainable practices and the increasing role of CO₂ in carbon capture and industrial processes.
- Market Drivers: Key drivers for market growth include the increasing reliance on CO₂ for food preservation, packaging, and carbonation, as well as its use in healthcare and industrial applications.
- Challenges: Despite its growth potential, the market faces challenges such as volatility in CO₂ supply and pricing. Factors like supply chain disruptions, environmental regulations, and energy prices may impact production costs and the overall stability of the market.
- Opportunities: With the focus on sustainability, CO₂ is increasingly being viewed as a resource for various green initiatives. Businesses in the UK are investing in CCUS technologies, creating new applications and opportunities for CO₂ in industries such as agriculture, power generation, and synthetic fuel production.
United Kingdom Carbon Dioxide Market Forecast
The UK carbon dioxide market is forecast to grow steadily over the next decade. The market is expected to reach 840.5 KMT by 2034, driven by factors such as the increasing demand for CO₂ in food and beverage applications, healthcare, and industrial processes. Carbon capture technologies and environmental policies aiming to mitigate emissions will further propel demand for CO₂, contributing to growth in the long term.
The food and beverage industry will remain the largest consumer of CO₂ in the UK, although emerging sectors like green technology and medical applications are expected to experience growth. The shift toward sustainable and eco-friendly practices will create additional demand for CO₂ in industries such as carbon capture and utilization.
Competitor Analysis: Key Players in the United Kingdom Carbon Dioxide Market
The UK carbon dioxide market is competitive, with several key players supplying CO₂ to various industries. These include:
Ensus UK Limited: A significant player in the UK carbon dioxide market, Ensus UK Limited produces CO₂ as a byproduct of bioethanol production, catering to industries such as food and beverages and healthcare.
BioCarbonics Ltd.: BioCarbonics focuses on providing CO₂ for a wide range of applications, including medical and industrial use, with a commitment to sustainability and environmental responsibility.
Tata Chemicals Europe Limited: A leading provider of industrial gases, including CO₂, Tata Chemicals Europe serves various sectors such as food, beverage, and chemicals, with a focus on innovative solutions and sustainability.
BOC Limited (Linde): A subsidiary of Linde, BOC Limited provides CO₂ for a wide range of industrial and commercial applications, with a focus on providing high-quality gas solutions to businesses across the UK.
Air Liquide UK Ltd: Air Liquide is another prominent player in the UK CO₂ market, supplying the gas for industrial, medical, and environmental applications with an emphasis on sustainability.
Nippon Gases: A global industrial gases company, Nippon Gases provides CO₂ solutions to various sectors in the UK, including food and beverages, healthcare, and manufacturing.
Others: Numerous other companies also contribute to the competitive landscape, offering specialized CO2 products for niche markets and unique applications.
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