Dry Ice Market 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.
The research report on the Dry Ice market offers extensive details on the market’s size, rate of growth, revenue, trends, and potential in addition to a forecast for the years up to 2029. The major factors influencing the development of this industry have also been fully considered. The results of this study, which involved a thorough quantitative examination of the market, can be used to create policies that would encourage productivity and growth.
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Dry Ice Market Overview:
The most recent drivers, restraints, and opportunities in the Dry Ice industry are the main subjects of the in-depth corporate business research of the Dry Ice Market. The outcomes were then verified by contacting well-known businesses. The secondary inquiry and analysis of these data sources use both commercial and free data sources. Reliable data sources, official government sources, and, in the case of publicly traded companies, financial reports of the company are used to compile information on each player’s supply and consumption. Financial records may be requested by the local government’s tax division even if they aren’t typically available to the general public.
COVID-19 Impact:
The analysis provides more precise and true estimations in keeping with the realities of the market by looking at the current and possible effects of the COVID-19 pandemic on the larger market. The massive spread of the coronavirus is causing distress. Social segregation laws, such as lockdowns, are present in nearly every nation. Major supply interruptions have resulted from this. Globally, social systems have changed due to the disease’s broad consequences. The COVID-19 has an impact on the entire market, and that impact will get stronger in 2019 and 2020 in keeping with the market’s rate of growth. The COVID-19 event has forced enterprises to manage risk and digitise operations to give decision-makers trustworthy information and experiences. This is in line with the most recent SMR assessments, studies, and recommendations addressing management issues that are very important for organizations and businesses and have a significant effect on the market.
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)
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Key company and market share insights:
For the public’s advantage, the top rivals are highlighted in this instance. In order to keep their market-leading positions, large companies often make important strategic decisions, such as improving their product portfolios, M&A deals, partnerships, cutting-edge product development, and international growth. The report contains the company’s objectives as well as significant financial data and original insights. Users can also get information on the companies’ global sales, revenue, and profit margins for the years 2017 through 2022.
Dry Ice Market Dynamics:
Dry Ice is the frozen type of carbon dioxide (CO2) normally captured during the industrial processes. It is especially used for refrigeration due to its temperature of – 79°C. Hence, it assists with preserving numerous food products. It is generally deployed as it rapidly freezes the things, and is usually handled with insulated gloves. Dry Ice changes its structure directly from solid to gas – sublimation-in ordinary environmental circumstances without going through a liquid stage. Consequently, it is known as “Dry Ice.” Dry Ice is a lot colder than standard ice.
Dry Ice Market Segment:
By Application, the Dry Ice market has been segmented into Storage and Transportation, Food and Beverages, Healthcare, Industrial Cleaning and Entertainment Industry. Under this segment storage and transportation would dominate the market with highest market share during the forecast period. Time and temperature sensitive shipments require exceptional consideration and information to ensure the controlled and positive exchange of such things with dry ice logistics services.
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
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