United Kingdom Carbon Dioxide Market Size, Share, Growth: By Source: Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Others; By Production: Biological, Combustion; By End Use: Food and Beverages, Oil and Gas, Medical, Rubber, Metal Fabrication; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

United Kingdom Carbon Dioxide Market Outlook

The United Kingdom carbon dioxide market size attained a value of 758.13 in 2023. The market is expected to grow at a CAGR of 1.5% between 2024 and 2032, reaching almost 865.98 by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Expanding Utilisation in Various End-Use Sectors, Government Initiatives, and Development of Advanced Equipment to be the Major United Kingdom Carbon Dioxide Market Key Trends

Carbon dioxide is a colourless compound made from one carbon atom and two oxygen atoms. The presence of carbon dioxide in atmosphere is essential to sustain life on Earth as plants need the gas for photosynthesis. Carbon dioxide is produced as a result of steam methane reforming process, ethanol fermentation, ammonia production, and others.

• The gas, owing to its versatility, is used in various end uses, such as food and beverages, oil and gas, medical, rubber, and metal fabrication, among others.

• The United Kingdom government is taking initiatives to deploy carbon capture, utilisation, and storage technologies, to facilitate cost reduction and international collaborations to accelerate their applications during the 2030s. The technologies are expected to reduce the greenhouse gas emissions and the captured carbon dioxide will be utilised in various industrial processes.

• Goods obtained from captured carbon dioxide, such as the CO2-based polymers and carbonated building materials are more economical when compared to conventional products made from fossil feedstock.

• There is an expanding research, development, and innovation associated with carbon capture, utilisation, and storage, which is expected to develop new applications and explore innovations to lower the cost of transporting and storing carbon dioxide.

United Kingdom Carbon Dioxide Market Analysis

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The market can be divided based on the source into hydrogen, ethyl alcohol, ethylene oxide, and substitute natural gas, among others. On the basis of production, the market is bifurcated into biological and combustion. The different end uses are food and beverages, oil and gas, medical, rubber, and metal fabrication, among others.

The comprehensive EMR report offers an extensive assessment of the United Kingdom carbon dioxide market on the basis of Porter's five forces model, along with giving a SWOT analysis.

The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Air Products Inc.

• BOC Limited (Linde)

• Air Liquide UK Ltd

• Pro Gases (UK) Ltd

• Nippon Gases

• Others

Rising Demand for Carbon Dioxide in the Food and Beverage Sector to Aid the United Kingdom Carbon Dioxide Market Growth

The carbon dioxide is extensively used in the food and beverage sector to produce dry ice, owing to the need to increase the shelf life of products. Also, the increasing inclination of millennials towards carbonated drinks is leading to the increased utilisation of carbon dioxide for bottling and adding fizz into soft drinks, beer, and cider.

In the oil and gas sector, the growing demand for carbon dioxide can be attributed to the increased use of polypropylene carbonate (PPC) surfactants, a copolymer of CO2 in enhanced oil recovery. There is an expanding use of carbon dioxide in the healthcare sector in the form of dry ice to transport vaccines. Also, it is used in minimally invasive surgeries, such as laparoscopy, endoscopy, arthroscopy and cryotherapy, leading to the United Kingdom carbon dioxide market development.

The rising demand for synthetic rubber in the country for multiple applications is leading to the demand for carbon dioxide gas, which can be used as an alternative to petroleum in its production process. Moreover, industrial grade carbon dioxide in its pure form is used in metallurgical processes such as casting, moulding, and welding to produce accurate and superior quality metals.

Carbon Dioxide is Produced Through Biological and Combustion Methods

Carbon dioxide is naturally produced through the decomposition of organic material by microbes or ocean release. The increased temperature levels have activated the microbes to degrade the materials at a faster rate, leading to the increased production of CO2. Also, the process of respiration offers energy to organisms by combining glucose with oxygen from the air, and the process releases carbon dioxide into the atmosphere

Fossil fuel combustion resulting from various processes across sectors such as energy, transport, public, and residential is responsible for majority of the carbon dioxide emissions in the United Kingdom. The government is taking various approach and initiatives to improve carbon capture, storage, and utilisation technology and expand its applications and decrease carbon emissions in the region.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape of United Kingdom Carbon Dioxide Market

Air Products PLC. offers several industrial gases to its customers in various end use sectors, such as refining, metals, manufacturing, and food and beverage. The company, established in 1940, operates different industrial gas projects and develops innovative solutions that supports sustainability.

BOC Limited (Linde) is a part of the Linde global company from 2006. The company supplies industrial gases and provides state-of-the-art gas processing solutions, technologies, and services to meet customer expectations and reduce emissions.

Air Liquide UK Ltd. delivers industrial gases and equipment to oil and gas, metal fabrication, food and beverage, and healthcare sectors. The company aims towards providing high quality and cost-effective products and services to its customers.

Other United Kingdom carbon dioxide market players include Pro Gases (UK) Ltd and Nippon Gases UK Limited.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.