United Kingdom Carbon Dioxide Market Report and Forecast 2024-2032

United Kingdom Carbon Dioxide Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the United Kingdom carbon dioxide market is projected to grow at a significant rate between 2024 and 2032. Aided by the heightened demand in beverage carbonation, industrial applications, and burgeoning interests in carbon capture and storage technologies, the market is expected to grow substantially by 2032.

Carbon dioxide (CO2) is a colourless, odourless gas, which holds paramount importance across various sectors. While its natural presence in the atmosphere is crucial for the process of photosynthesis, its industrial-grade variant plays a significant role in myriad applications such as food & beverage, healthcare, and chemical sectors, to name a few. Beyond these traditional domains, the greenhouse gas is now gaining momentum for its potential in carbon capture, storage, and utilisation strategies, seeking to mitigate its excessive atmospheric concentration due to human activities.

As per the United Kingdom carbon dioxide market analysis, the robust UK beverage industry remains a primary demand driver for carbon dioxide, particularly for carbonation in soft drinks and longer shelf life in packaged products. The evolving consumer palate, favouring carbonated drinks, is expected to fortify the growth trajectory of the carbon dioxide market in this segment.

Furthermore, the healthcare domain in the UK, renowned for its advanced medical research and facilities, leverages carbon dioxide in medical procedures and the storage of biological specimens, thereby propelling the United Kingdom carbon dioxide market demand. The gas's inert nature makes it indispensable in minimally invasive surgeries such as laparoscopy and arthroscopy.

Another sector bolstering the demand for carbon dioxide in the UK is the agricultural industry. Given the region's climatic constraints, there's a growing inclination towards controlled environment agriculture, where carbon dioxide is used to optimise plant growth conditions in greenhouses, which further boosts the United Kingdom carbon dioxide market growth.

Furthermore, the UK, being a signatory to the Paris Agreement, is rigorously exploring carbon capture and storage (CCS) solutions to meet its commitment to achieving net-zero emissions by 2050. Carbon dioxide, being a primary greenhouse gas, stands central to these initiatives. CCS technologies, which capture carbon dioxide emissions at the source and store or use them, have the potential to play a pivotal role in achieving the UK's carbon neutrality objectives and increase the United Kingdom carbon dioxide market size.

Market Segmentation

The market can be divided based on source, production, and end use.

Market Breakup by Source

• Hydrogen
• Ethyl Alcohol
• Ethylene Oxide
• Substitute Natural Gas
• Others

Market Breakup by Production

• Biological
• Combustion

Market Breakup by End Use

• Food and Beverages
• Oil and Gas
• Medical
• Rubber
• Metal Fabrication
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United Kingdom carbon dioxide market. Some of the major players explored in the report by Expert Market Research are as follows:

• Air Products PLC
• BOC Limited (Linde)
• Air Liquide UK Ltd
• Nippon Gases
• Pro Gases (UK) Ltd
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.