United Kingdom Carbon Dioxide Market Share, Growth& Trends 2025-2034

The United Kingdom’s carbon dioxide (CO2) market is a critical component of various industries, including manufacturing, food and beverages, healthcare, and more. In 2024, the market volume was recorded at 725.8 KMT, with expectations of moderate growth over the next decade. This blog will provide an in-depth overview of the UK CO2 market, including its current size, growth trends, analysis, and future forecast. Additionally, we will examine key competitors operating in the market.
United Kingdom Carbon Dioxide Market Overview
The carbon dioxide market in the United Kingdom is primarily driven by the increasing demand for CO2 in industries such as food preservation, carbonated drinks production, enhanced oil recovery, and healthcare applications. Carbon dioxide is also used for controlling pH levels in water treatment processes and as an inert gas for various chemical processes. The market’s growth has been influenced by both technological advancements and environmental considerations, as companies look for sustainable solutions to meet increasing demand.
In 2024, the market volume reached 725.8 KMT, and it is anticipated that the market will experience a steady growth rate of 1.5% CAGR from 2025 to 2034. By the end of this forecast period, the market is expected to reach a volume of 840.5 KMT.
United Kingdom Carbon Dioxide Market Size
The United Kingdom’s carbon dioxide market is witnessing consistent growth, driven by both domestic and industrial demand. As of 2024, the market size stood at 725.8 KMT, with key industries such as food and beverage production, healthcare, and agriculture being the largest consumers. This volume is indicative of the ongoing necessity for CO2 in essential processes such as refrigeration, food packaging, and even in medical treatments for respiratory issues.
The market size is expected to continue expanding, reaching 840.5 KMT by 2034. This gradual yet steady increase is largely fueled by the sustained need for CO2 in both traditional and emerging sectors, particularly in carbon capture technologies and innovations in food preservation.
United Kingdom Carbon Dioxide Market Trends
Several key trends are currently shaping the United Kingdom’s carbon dioxide market:
Sustainability Initiatives: Increasing environmental concerns have prompted companies to focus on the use of CO2 captured from industrial processes, thus contributing to a circular economy.
Food and Beverage Sector Growth: The demand for CO2 in the food and beverage industry remains strong due to its essential role in carbonation, packaging, and preservation. The growing trend of plant-based foods and carbonated drinks is also fueling demand.
Healthcare Applications: CO2’s use in medical applications, such as respiratory treatments, is growing steadily, especially as healthcare needs expand post-pandemic.
Enhanced Oil Recovery (EOR): CO2 is injected into depleted oil reservoirs to enhance oil recovery, a practice that continues to see growth as energy companies explore more efficient extraction methods.
Carbon Capture and Storage (CCS): The UK’s commitment to achieving net-zero emissions by 2050 is leading to an increased focus on carbon capture technologies, which use CO2 in a controlled and sustainable manner.
Get a Free Sample Report with Table of Contents
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 growth of the United Kingdom’s CO2 market can be attributed to multiple factors, including technological advancements, increased demand across various sectors, and national sustainability targets. The market is expected to maintain a steady compound annual growth rate (CAGR) of 1.5% between 2025 and 2034. Several industries will continue to drive this growth:
Food and Beverage: As the demand for carbonated drinks, packaged food, and refrigeration continues to rise, the food and beverage sector will remain one of the largest consumers of CO2.
Healthcare: The growing use of CO2 in medical applications will support market growth. CO2 is utilized for respiratory treatments, as well as in procedures like laparoscopy.
Energy: The enhanced oil recovery and carbon capture sectors are likely to fuel CO2 demand as companies invest in energy-efficient practices.
United Kingdom Carbon Dioxide Market Analysis
The carbon dioxide market in the UK has a competitive landscape, with several key players driving innovation and growth. The market is segmented by end-use industry, including food and beverage, healthcare, oil and gas, and others. Industrial production and consumption of CO2 are primarily concentrated in manufacturing hubs and areas with significant energy production.
A key factor in the market’s analysis is the increasing focus on reducing CO2 emissions through more efficient production techniques and the adoption of sustainable practices. This is being driven by national and global climate goals, encouraging companies to adopt carbon capture and storage (CCS) methods, which can help reduce carbon footprints while meeting the rising demand for CO2 in various industries.
United Kingdom Carbon Dioxide Market Forecast (2025-2034)
Looking ahead, the carbon dioxide market in the United Kingdom is poised for moderate but steady growth. The market’s CAGR is forecasted to be 1.5% between 2025 and 2034, with a projected volume of 840.5 KMT by the end of this period. Growth is expected to be driven by:
- Sustainable CO2 production methods such as carbon capture and reuse technologies.
- Increasing industrial demand for CO2 in food packaging, medical applications, and energy sectors.
- Enhanced oil recovery techniques using CO2 in the oil and gas sector.
- A growing emphasis on net-zero emissions and a shift toward more environmentally-friendly CO2 production.
Competitor Analysis in the United Kingdom Carbon Dioxide Market
The competitive landscape of the United Kingdom’s carbon dioxide market is dominated by several key players who have established themselves as major contributors to the market. These companies include:
Ensus UK Limited: A leading player in the CO2 production and distribution market, Ensus provides high-purity CO2 for various industrial uses.
BioCarbonics Ltd.: Specializing in CO2 capture and utilization, BioCarbonics provides sustainable solutions across multiple sectors.
Tata Chemicals Europe Limited: A key supplier of industrial gases and chemicals, Tata Chemicals is heavily involved in CO2 production for applications in energy, food and beverages, and more.
Yara International ASA: Known for its fertilizer products, Yara also plays a role in CO2 production, particularly in its agricultural applications.
Air Liquide UK Ltd: Air Liquide is a prominent player in the CO2 market, offering a range of gases for food, medical, and industrial uses.
Nippon Gases: Operating in the UK as part of the Nippon Sanso Group, Nippon Gases focuses on industrial gases, including CO2 production.
Progases (UK) Ltd: Progases supplies CO2 for a variety of industries, particularly in the food and beverage sector.
Others: Several smaller players in the market contribute to niche areas, including regional CO2 supply, specialized applications, and the development of innovative CO2 technologies.
Leave a Comment