Press release
United Kingdom Carbon Dioxide Market Size To Grow At A CAGR Of 1.5% In The Forecast Period Of 2024-2032
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Carbon dioxide (CO2) is a versatile gas widely used in various sectors for its unique properties. It is utilized in the food and beverage sector for carbonation of drinks, in the healthcare sector for medical purposes, and in the manufacturing industry for welding and cooling applications. Additionally, carbon dioxide plays a crucial role in enhanced oil recovery, water treatment, and chemical processing.
The food and beverage sector is a significant consumer of carbon dioxide, where it is used for carbonation in soft drinks, beers, and sparkling waters. The demand for carbonated beverages is rising, driven by consumer preferences for fizzy drinks and the expanding foodservice sector. Additionally, carbon dioxide is used in the packaging of perishable food products to extend their shelf life, further contributing to the United Kingdom carbon dioxide market growth.
Furthermore, the healthcare sector's expanding applications of carbon dioxide play a significant role in propelling the market. In medical settings, carbon dioxide is used for insufflation during minimally invasive surgeries, as well as for respiratory stimulation in patients with certain medical conditions. The rising number of surgical procedures and advancements in medical technology are boosting the demand for medical-grade carbon dioxide.
The increasing use of carbon dioxide in the manufacturing sector is another key driver of United Kingdom carbon dioxide market development. In welding processes, carbon dioxide is used as a shielding gas to prevent oxidation and improve weld quality. Additionally, the gas is employed in cooling applications and as a raw material in chemical synthesis. The growth of the manufacturing sector in the UK is expected to drive the demand for industrial-grade carbon dioxide.
The market has witnessed several significant developments in recent years. Key players in the market are focusing on strategic initiatives such as mergers and acquisitions, collaborations, and technological advancements to strengthen their market presence and enhance their product offerings.
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For instance, leading carbon dioxide manufacturers are investing in research and development to improve the efficiency and sustainability of CO2 production. Companies are exploring innovative methods to capture and utilise carbon dioxide from industrial emissions, contributing to environmental sustainability. Additionally, advancements in CO2 storage and transportation technologies are enhancing the reliability and safety of carbon dioxide supply chains, consequently driving up the United Kingdom carbon dioxide market share.
Furthermore, the increasing focus on sustainability and environmental regulations is shaping the carbon dioxide market. Governments and regulatory bodies are implementing policies to reduce carbon emissions and promote the use of environmentally friendly technologies. This is driving the adoption of carbon capture and storage (CCS) technologies, which capture carbon dioxide from industrial processes and store it underground to prevent its release into the atmosphere. The development of CCS projects is expected to contribute to market growth.
As per the United Kingdom carbon dioxide market analysis, as the demand for high-quality and efficient carbon dioxide solutions continues to rise, the carbon dioxide market in the UK is set to achieve substantial growth. With ongoing advancements in CO2 technologies and the integration of sustainable practices, the market is expected to witness significant expansion, providing ample opportunities for market players.
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
• 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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