United Kingdom Carbon Dioxide Market Outlook

According to a report by Expert Market Research (EMR), the United Kingdom carbon dioxide market size reached a volume of 725.80 KMT in 2024. With the growing demand for CO2 in various industrial applications, the market is expected to grow at a compound annual growth rate (CAGR) of 1.50% from 2025 to 2034, reaching an estimated volume of 842.32 KMT by 2034.

Carbon dioxide (CO2) is a versatile chemical compound with a wide range of applications, from its use in the food and beverage industry to its critical role in industrial processes, fire suppression, and medical uses. It is also essential in the production of chemicals and in the oil and gas industry for enhanced oil recovery. The growing demand for CO2 in various sectors is a key driver of market growth in the United Kingdom, alongside regulatory pressures to reduce carbon emissions and the increasing focus on sustainability.

Drivers of Market Growth

The primary drivers of growth in the United Kingdom carbon dioxide market include increasing industrial demand, technological advancements in CO2 capture and storage (CCS) technologies, and the growing importance of carbon dioxide in environmental management.

• Industrial Demand for CO2 One of the primary factors contributing to the United Kingdom carbon dioxide market growth is the increased demand for carbon dioxide in several industrial sectors. In the food and beverage industry, CO2 is used extensively in the carbonation of soft drinks and beers, as well as in packaging to prolong shelf life. The rise of the food delivery and takeout sector has further driven this demand, as CO2 is also used for food preservation in modified atmosphere packaging (MAP). Additionally, the expanding demand for frozen food and convenience products is expected to lead to a sustained need for CO2 in the coming years.

  In the healthcare sector, CO2 is used in medical procedures such as minimally invasive surgeries, where it is employed for insufflation to expand body cavities. The growing number of surgeries and medical procedures in the UK contributes to the market's steady growth. Moreover, carbon dioxide is also crucial in laboratory settings, particularly in maintaining controlled atmospheres for experiments and cultivating specific organisms.

• Regulatory Pressure and Environmental Focus As the UK continues to implement policies aimed at reducing carbon emissions and combating climate change, carbon dioxide management becomes an integral part of environmental policies. The UK government has set ambitious carbon reduction targets, aiming to achieve net-zero carbon emissions by 2050. This focus on sustainability has led to the adoption of technologies such as carbon capture, utilization, and storage (CCUS) systems, which aim to capture CO2 emissions from industrial processes and store them underground to prevent their release into the atmosphere.

  The drive towards a low-carbon economy has spurred the need for CO2 in various carbon capture and utilization applications. Additionally, CO2 is increasingly being used in industries such as enhanced oil recovery (EOR), where it is injected into oil reservoirs to help extract more oil. The application of CO2 in EOR has garnered significant interest in the UK, as it offers a dual benefit: enhancing oil recovery while utilizing CO2 that would otherwise be released into the atmosphere.

• Technological Advancements in CO2 Utilization The United Kingdom carbon dioxide market is also benefiting from innovations in CO2 capture and utilization technologies. Carbon dioxide is being considered for various alternative applications, such as in the production of synthetic fuels, chemicals, and even in the food industry for the creation of algae-based products. These developments are helping diversify the market and establish CO2 as a valuable resource rather than a waste byproduct. For example, CO2 is being converted into synthetic fuels through chemical processes such as the Fischer-Tropsch synthesis, contributing to the growing interest in a sustainable CO2 economy.

  Furthermore, the advent of Direct Air Capture (DAC) technology allows for the extraction of CO2 directly from the atmosphere, which could play a crucial role in reducing global greenhouse gas emissions. The UK’s research initiatives and growing investment in DAC technologies are expected to contribute to the long-term growth of the carbon dioxide market as these innovations take root.

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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

Challenges in the Market

Despite the market’s growth prospects, the United Kingdom carbon dioxide market faces several challenges. One of the key issues is the dependency on imported CO2, which could cause supply chain disruptions. This has become particularly evident during periods of high demand, such as during the COVID-19 pandemic, when the supply of CO2 was severely impacted. Additionally, the high cost of carbon capture technologies and the ongoing need for investment in research and development could hinder the adoption of CO2 utilization technologies.

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