Press release
Dry Ice Market Expected to Witness Robust Growth amid Rising Demand across Various Industries
The Dry Ice Market is experiencing remarkable growth, fueled by its increasing adoption in food preservation, medical applications, and industrial cleaning processes. The global dry ice market is estimated to be valued at USD 1.55 Bn in 2024 and is expected to reach USD 2.55 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Dry ice, the solid form of carbon dioxide, is a versatile cooling agent widely used across diverse industries due to its sublimation property (directly turning into gas without leaving residue) and its ability to maintain extremely low temperatures. The market is driven by the rising demand for eco-friendly, cost-effective cooling solutions, particularly in the transportation of perishable goods and medical supplies such as vaccines.
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐ญ๐จ ๐๐๐ญ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐ข๐ง๐ค:
https://www.coherentmarketinsights.com/insight/request-sample/7684
**In case you need any specific business requirements, you can mention the same. We can customize the report based on the exact needs of the client**.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐ฒ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐: Linde plc, Air Products and Chemicals, Inc., Continental Carbonic Products, Inc., Messer Group GmbH, Praxair Technology, Inc., The Ice Company, Ice-Box, American Dry Ice, Dry Ice Corp., Polar Ice, Cryo-Cell International, Inc., A.G. Halls, Kauffman's, Yara International ASA, and INEOS Group Holdings S.A.
These companies are focusing on expanding their production capacities, investing in sustainable technologies, and catering to niche applications to strengthen their market positions.
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
โข In February 2023, POET, the world's largest producer of biofuels and a significant player in carbon capture and utilization technologies, expanded its COโ and dry ice production capabilities by establishing a new facility in Laddonia, near the company's administrative hub. The plant is equipped to capture over 200 tons of COโ daily, efficiently producing dry ice to support industrial and agricultural applications.
โข In July 2023, Cold Jet, a global leader in dry ice production and cleaning solutions, launched IceRocket dry ice blasting machine. Designed as an entry-level solution, this innovative equipment enhances cleaning and maintenance operations by minimizing downtime while maximizing performance. Cold Jet's extensive portfolio of dry ice solutions positions it as a pioneer in industrial cleaning technologies.
๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
โข Surge in Demand for Cold Chain Logistics
The growing e-commerce sector and global trade in perishable goods have heightened the need for efficient cold chain logistics, where dry ice plays a crucial role.
โข Increasing Adoption in the Healthcare Sector
Dry ice is essential in the transportation and storage of temperature-sensitive medical products, including vaccines, biologics, and pharmaceuticals, particularly highlighted during the COVID-19 pandemic.
โข Growth in Industrial Cleaning Applications
Dry ice blasting, an eco-friendly and non-abrasive cleaning method, is gaining traction across manufacturing and automotive sectors, driving the demand for dry ice.
โข Focus on Sustainability
Manufacturers are emphasizing sustainable production processes and exploring methods to reduce the carbon footprint associated with dry ice production.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข By Type Insights (Revenue, USD Bn, 2019 - 2031)
Sliced
Pellets
Blocks
Others
โข By Production Method Insights (Revenue, USD Bn, 2019 - 2031)
Liquid CO2 Method
Dry Ice Pellets from CO2 Gas
Others
โข By Application Insights (Revenue, USD Bn, 2019 - 2031)
Food & Beverage
Healthcare
Manufacturing
Others
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
North America
The largest market, driven by robust healthcare infrastructure, advanced logistics systems, and high adoption of dry ice blasting in industrial applications.
Europe
The region's stringent food safety and pharmaceutical regulations are fueling the demand for dry ice, particularly in Germany, France, and the UK.
Asia-Pacific
Expected to witness the fastest growth due to the rising population, expanding healthcare industry, and growing export of perishable goods from countries like China and India.
Middle East & Africa
The region is seeing steady growth, supported by advancements in cold chain logistics and healthcare infrastructure.
Latin America
Brazil and Mexico are key contributors, with increasing demand for dry ice in food preservation and industrial applications.
๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ - ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ
Chapter 1 Dry Ice Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Dry Ice Market Forecast
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ฎ๐ฉ ๐ญ๐จ ๐๐% ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.coherentmarketinsights.com/insight/buy-now/7684
๐๐๐๐ฌ๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Analysis of the impact of technological advancements on the market and the emerging trends shaping the industry in the coming years.
โข Examination of the regulatory and policy changes affecting the market and the implications of these changes for market participants.
โข Overview of the competitive landscape in the Dry Ice market, including profiles of the key players, their market share, and strategies for growth.
โข Identification of the major challenges facing the market, such as supply chain disruptions, environmental concerns, and changing consumer preferences, and analysis of how these challenges will affect market growth.
โข Evaluation of the potential of new products and applications in the market, and analysis of the investment opportunities for market participants.
๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
๐๐๐ง ๐ ๐ฆ๐จ๐๐ข๐๐ฒ ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ ๐ข๐ญ ๐ญ๐จ ๐ฌ๐ฎ๐ข๐ญ ๐ฆ๐ฒ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ?
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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