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.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

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.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐆𝐞𝐭 𝐬𝐚𝐦𝐩𝐥𝐞 𝐋𝐢𝐧𝐤:
https://www.coherentmarketinsights.com/insight/request-sample/7684

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𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐫𝐲 𝐈𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: 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.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

• In February 2023, POET, the world's largest producer of biofuels and a significant player in carbon capture and utilization technologies, expanded its CO₂ 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 CO₂ daily, efficiently producing dry ice to support industrial and agricultural applications.

• 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.

𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

• 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.

• 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.

• 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.

• Focus on Sustainability
Manufacturers are emphasizing sustainable production processes and exploring methods to reduce the carbon footprint associated with dry ice production.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

• By Type Insights (Revenue, USD Bn, 2019 - 2031)
Sliced
Pellets
Blocks
Others

• By Production Method Insights (Revenue, USD Bn, 2019 - 2031)
Liquid CO2 Method
Dry Ice Pellets from CO2 Gas
Others

• By Application Insights (Revenue, USD Bn, 2019 - 2031)
Food & Beverage
Healthcare
Manufacturing
Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

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.

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 - 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬

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

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐮𝐩 𝐭𝐨 𝟐𝟓% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.coherentmarketinsights.com/insight/buy-now/7684

𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:

➢ Analysis of the impact of technological advancements on the market and the emerging trends shaping the industry in the coming years.

➢ Examination of the regulatory and policy changes affecting the market and the implications of these changes for market participants.

➢ Overview of the competitive landscape in the Dry Ice market, including profiles of the key players, their market share, and strategies for growth.

➢ 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.

➢ Evaluation of the potential of new products and applications in the market, and analysis of the investment opportunities for market participants.

𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:

𝐜𝐚𝐧 𝐈 𝐦𝐨𝐝𝐢𝐟𝐲 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞 𝐢𝐭 𝐭𝐨 𝐬𝐮𝐢𝐭 𝐦𝐲 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬?

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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This release was published on openPR.