United Kingdom Carbon Dioxide Market Outlook
According to latest industry report, the United Kingdom carbon dioxide market size was a volume of 725.80 KMT in 2024. Aided by the growing industrial applications of carbon dioxide, alongside the increasing demand for CO2 in food and beverage industries, the market is projected to grow at a CAGR of 1.50% between 2025 and 2034, reaching a volume of 842.32 KMT by 2034.
Carbon dioxide (CO2) is a colorless, odorless gas that has found a wide array of applications across industries such as food and beverage, oil and gas, healthcare, and manufacturing. Its role as a refrigerant, a propellant in carbonated drinks, and in the medical field for enhanced oil recovery (EOR) has driven the demand for CO2 in the United Kingdom. Furthermore, with increasing environmental awareness, carbon dioxide is also gaining prominence in sustainability-driven initiatives, such as carbon capture and storage (CCS) technologies.
The United Kingdom carbon dioxide market is witnessing growth due to several factors, including rising demand for packaged food, the healthcare industry’s increasing use of medical gases, and innovations in industrial processes where CO2 plays a crucial role. The UK government’s environmental regulations and commitments to carbon reduction targets have also spurred the development of technologies aimed at capturing and reusing CO2, opening new avenues for market growth.
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Key Market Drivers
Food and Beverage Industry Demand: The food and beverage sector remains the primary consumer of United Kingdom carbon dioxide market. CO2 is used extensively in the carbonation of soft drinks, beer, and other beverages. As the demand for bottled beverages continues to rise, particularly carbonated soft drinks, the consumption of CO2 is expected to increase. Additionally, CO2 is employed as a cooling agent in the storage and transportation of perishable food products, further driving demand in the food and beverage industry.
The increasing trend towards convenience foods, ready-to-eat meals, and packaged foods, which require refrigeration and preservation, also contributes to the growing demand for carbon dioxide. CO2 is used in Modified Atmosphere Packaging (MAP), which helps prolong the shelf life of fresh produce and processed foods. As consumer preferences shift towards packaged foods and beverages, the demand for CO2 in these applications is expected to continue growing.
Medical Applications: The medical sector is another significant driver for the United Kingdom carbon dioxide market. CO2 is used in medical applications such as respiratory stimulation during surgeries, where it is infused into the bloodstream to encourage breathing. It also finds use in minimally invasive surgeries (laparoscopy), where it is employed to inflate the abdominal cavity to allow better visibility and access for surgeons.
Furthermore, CO2 plays a vital role in cryogenic preservation and is used in various laboratory applications. With the ongoing advancements in healthcare and medical technologies, including an increasing number of medical procedures requiring CO2, the demand for CO2 in the healthcare sector is expected to grow steadily.
Carbon Capture and Utilization (CCU): In recent years, the United Kingdom has focused on sustainable energy practices, with the government making commitments to reduce carbon emissions and implement carbon capture and storage technologies. The utilization of CO2 for enhanced oil recovery (EOR) is a significant market application. EOR processes inject CO2 into oil reservoirs to increase oil extraction efficiency. Additionally, CO2 is being increasingly used for other industrial applications, including the production of synthetic fuels, chemicals, and building materials, making it a key element in sustainable industrial practices.
The demand for carbon capture, utilization, and storage (CCUS) technologies is expected to grow in the coming years. These technologies aim to capture CO2 from industrial processes and power plants, preventing it from entering the atmosphere. The UK government has allocated funds and resources to support the development of these technologies, which are anticipated to drive further growth in the CO2 market.
Key Market Trends
Technological Advancements in Carbon Dioxide Applications: The United Kingdom carbon dioxide market is being influenced by ongoing technological advancements. In the food and beverage industry, for instance, innovations in packaging technologies, such as MAP, are increasingly being adopted to preserve the freshness and shelf life of products. Additionally, improvements in CO2 production and distribution technologies have made it more efficient and cost-effective, further driving the demand for carbon dioxide.
In industrial sectors, the application of CO2 in various processes, such as supercritical fluid extraction (SFE), is gaining momentum. SFE utilizes CO2 as a solvent to extract essential oils, fragrances, and other valuable components, providing cleaner, greener alternatives to traditional extraction methods.
Furthermore, the increasing integration of renewable energy sources in the power sector, combined with CO2 capture and storage technologies, is expected to reduce the carbon footprint of CO2 emissions, creating more sustainable markets for carbon dioxide utilization.
Regulatory Policies and Environmental Commitments: The United Kingdom has set ambitious carbon reduction targets to achieve net-zero emissions by 2050. This regulatory environment has pushed industries to adopt sustainable practices, creating opportunities for the United Kingdom carbon dioxide market, particularly in carbon capture, utilization, and storage. The government’s focus on reducing CO2 emissions and fostering cleaner technologies is expected to boost the demand for CO2 recovery and recycling technologies, which can offer economic and environmental benefits.
Additionally, stricter regulations in the food and beverage industry regarding the reduction of preservatives and additives are encouraging manufacturers to seek alternative preservation methods, which often involve CO2-based technologies. This trend is expected to propel market growth further.
United Kingdom Carbon Dioxide Market 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
Challenges and Opportunities
While the United Kingdom carbon dioxide market holds promising growth potential, it faces several challenges. The fluctuating supply of CO2, driven by changes in natural gas production and the refining process, can cause supply shortages in certain regions. Moreover, the production and transportation of CO2 can be capital-intensive, especially for smaller companies and industries.
However, these challenges also present opportunities for market innovation. The development of new, cost-effective CO2 production methods, such as the capture of CO2 from industrial emissions, could help address supply chain challenges and promote the sustainability of the market.
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