Dry Ice Market Size, Share, Growth, Segmentation and Forecast 2029
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 sector. It's a form of powerful carbon dioxide that doesn't leave behind any residue. It is called dry ice because it sublimates, or turns directly into a gas when heated rather than melting into liquid.
Dry Ice Market Report Scope and Research Methodology:
The Market report provides historical data as well as revenue growth estimates at the regional, and national levels, as well as a full analysis of Dry Ice market trends in each of the key segments and their sub-segments from 2022 to 2029.The Stellar Market Research team's major research approach is data triangulation, which includes an investigation of the impact of data variables on the Dry Ice market, data mining, and primary (industry expert) validation.The research report covers the market's past and present state, as well as predicted trends and size. The report provides an easy-to-understand examination of the Dry Ice market's intricate statistics. report. SWOT analysis was utilised to identify the strengths, weaknesses, opportunities, and threats for major players in the Dry Ice industry, and a bottom-up technique was employed to estimate market size.
Dry Ice Market Report Overview:
The forecast was created mostly by analysing past data and current industry trends in the Dry Ice Market. It includes market size, share, regional analysis, dynamics, CAGR, ad future trends, making the study a guide for investors as it provides a futuristic view of the Dry Ice Industry.
Dry Ice Market Size was valued at USD 162.69 million in 2022. 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 Dynamics:
Dry ice is a frozen form of carbon dioxide (CO2) that is typically captured during industrial processes. Because of its -79°C temperature, it is highly useful for refrigeration. As a result, it aids in the preservation of a variety of food goods. It is commonly used since it quickly freezes the goods and is handled with insulated gloves. In normal climatic conditions, dry ice transforms its structure immediately from solid to gas (sublimation) without passing through a liquid stage. As a result, it is known as "Dry Ice." Dry ice is much colder than regular ice.
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 projection period, storage and transportation would dominate the industry with the largest market share. Time and temperature sensitive shipments necessitate extra care and information to guarantee a controlled and beneficial exchange with dry ice logistics services.
Dry ice is mostly used for food storage and transportation, perishable products, clinical supplies, and so forth. Clinical trials for pharmaceutical companies, hospitals, and research institutes include storage and supply chain operational features. They provide frozen and chilled delivery of food, drugs, medical gadgets, and carbon fibre products.
Dry ice is also highly important in the healthcare industry. The number of organ transplant surgeries has increased as the prevalence of organ disorders has increased. Organs that are fragile must be kept at a specified and controlled temperature. As a result, dry ice aids in the storage and preservation of organs for a longer amount of time. Furthermore, dry ice is commonly employed in blood banks to store and preserve blood under controlled temperature and hygienic conditions.
The dry ice market is divided into several product categories, including pellets, blocks, slices, slabs, columns, powder, and others. The pellets segment controlled the majority of the dry ice market. Dry Ice pellets have a thicker consistency.
This sort of Dry Ice is also appropriate for smaller size requirements, storing, or transportation. Colleges, for example, routinely use Dry Ice pellets in tests or for restricted storage requirements. Dry ice pellets are often utilised in the entertainment sector to create false smoke and clouds. Furthermore, Dry Ice pellets are commonly used in the impact cleansing, freezing, chilling, and transportation of food and organic samples 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)
CryoCarb (USA)
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 are the Dry Ice market segments?
Which region of the Dry Ice market is expected to grow at a high rate during the forecast period?
What is the expected CAGR of the Dry Ice market during the forecast period?
What are the emerging trends in the Dry Ice market?
What are the factors restraining the Dry Ice market growth?
Key offerings:
- 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
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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