Dry Ice Market Devlopment, Growth and Forecast 2027
Author : Manisha Kashid | Published On : 10 May 2023
Dry ice is a type of ice that is used as a refrigerant in the medical and food industries and to create smoke clouds in the entertainment industry. It's a type of strong carbon dioxide that doesn't leave behind any residue. It is called dry ice because it sublimates, or changes directly into a gas when heated rather than melting into liquid.
Dry Ice Market Report Scope and Research Methodology:
The report includes an in-depth analysis of the strategies of the industry's leading players, as well as a thorough examination of the various market segments and geographies. SWOT analysis was used to determine the Dry Ice key players' strengths and weaknesses. A comprehensive analysis of Dry Ice market dynamics, including drivers, restraints, opportunities, and challenges, is provided for each region and segment. The Dry Ice Market report also includes figures for import/export consumption, supply and demand, price, cost, revenue, and gross margins. For accurate inferences, the data collected through primary and secondary research and analysed by SMR analysts on Dry Ice Market was combined. To gather information for the Dry Ice Market report on critical factors such as market trends and market dynamics. Primary interviews were conducted to gather information on size, growth trends, competitive landscape, outlook, and so on, while secondary information was gathered from sources such as annual or financial reports, government documents, company websites, industry white papers, paid databases, and free databases. To estimate the and regional Dry Ice Market size, the bottom-up approach was used.
Dry Ice Market Report Overview:
The study is based on major company forecasts as well as Dry Ice Market statistics. During the forecast period, the Dry Ice Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029.
Dry Ice Market Size was valued at USD 140 million in 2021. Global Dry Ice Market size is estimated to grow at a CAGR of 7.8 % over the forecast period.
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Dry Ice Market Regional Analysis:
- The primary geographic condition of the market, as well as segments and sub-segments, are investigated in the Dry Ice Industry Research. The report describes the current state of the regional market in terms of market size, share, and volume. The Dry Ice market report includes an examination of all regions:
- North America
- the Middle East and Africa
- Latin America
Dry Ice Market Segmentation:
Storage and Transportation, Food and Beverage, Healthcare, Industrial Cleaning, and Entertainment Industry are the application segments of the Dry Ice market. During the forecast period, storage and transportation would dominate the market with the highest market share. Time and temperature sensitive shipments necessitate extra care and information to ensure a controlled and positive exchange with dry ice logistics services.
Dry ice is primarily used for food storage and transportation, perishable products, clinical supplies, and so on. Clinical trials for pharmaceutical companies, hospitals, and research institutes include storage and supply chain operations elements. They provide frozen and chilled delivery of food, drugs, medical devices, and carbon fibre items.
Dry ice is also very important in the healthcare industry. The number of organ transplant surgeries has increased as the prevalence of organ diseases has increased. Organs that are vulnerable must be kept at a specific and controlled temperature. As a result, dry ice aids in the storage and preservation of organs for a longer period of time. Furthermore, dry ice is frequently used in blood banks to store and preserve blood under controlled temperature and sterile conditions.
By product, the dry ice market is divided into Pellets, Blocks, Slice, Slab, Column, Powder, and others. The pellets segment dominated the dry ice market. Dry Ice pellets have a high thickness. Because of their food-grade quality and safety, tube-shaped Dry Ice pellets intended for use in the food and beverage industry are useful in the handling of food items. These tiny pellets are about the size of rice grains.
This type of Dry Ice is also ideal for smaller size requirements, stockpiling, or transportation. Colleges, for example, frequently use Dry Ice pellets in tests or for limited storage requirements. Dry ice pellets are also used in the entertainment industry to create fake smoke and clouds. Furthermore, Dry Ice pellets are commonly used in the impact cleaning, freezing, chilling, and transportation of food and organic examples such as antibodies and blood.
Dry Ice Market Key Players:
Gulf Cryo (Kuwait)
Air Liquide (France)
Dry Ice UK Ltd (UK)
Dry Ice Corp. (USA)
Tripti Dry Ice Co (India)
Pacific/Reliant Dry Ice (USA)
Continental Carbonic Products, Inc. (USA)
Linde plc (USA)
Chuan Chon Enterprise (Taiwan)
Polar Ice Ltd. (Ireland)
Messer Group (Germany)
Yara International ASA (Norway)
Continental Carbonic Products Inc. (USA)
Sicgil India (India)
Praxair Technology Inc. (USA)
Chuan Chon Dryice (Taiwan)
Key Questions answered in the Dry Ice Market Report are:
- What is Dry Ice Market?
- What will be the CAGR of the Dry Ice market during the forecast period?
- Which region held the largest Dry Ice market share?
- What are the factors driving the Dry Ice market growth?
- What are the opportunities for the Dry Ice Market?
- What factors are restraining the Dry Ice market growth?
- Which company held the largest share in the Dry Ice market?
- What key trends are likely to emerge in the Dry Ice market in the coming years?
- Which segment of the Dry Ice market is expected to grow at a high rate during the forecast period?
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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