Dry Ice Market Overview:
For the Dry Ice market analysis, a research team conducted a significant amount of primary and secondary research. In order to supplement the available data, segment the market, determine the total market size, and forecast market size and growth rate, secondary research was conducted.
Dry ice refers to a kind of ice that is utilized as a refrigerant to keep things cold in medical and food businesses and produce smoke clouds in entertainment industry. It is a type of strong carbon dioxide that leaves no residue. It is called dry ice because of the sublimation, where upon heating it directly changes into a gas rather than melting into liquid.
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Dry Ice Market Scope:
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 Segmentation:
Dry ice market is divided into pellets, blocks, slices, slabs, columns, powder, and others based on product. The dry ice market’s pellets segment held the largest market share. The thickness of dry ice pellets is very high. Due to their food-grade quality and safety, tube-shaped Dry Ice pellets made for use in the food and beverage industry are useful when handling food products. These tiny pellets are about the size of a rice grain.
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Dry Ice Market Key players:
- 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)
COVID-19 Impact on Dry Ice market:
The COVID-19 outbreak has had a significant impact on the Dry Ice market. Due to the global economic downturn and a labour shortage, the development of Dry Ice production facilities has been halted. The pandemic of COVID-19 has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered staff visits, limiting the growth of the Dry Ice market in 2020. However, given the high demand for Dry Ice, the market effects of COVID-19 are expected to be transient. The industry is expected to fully recover by early 2021.
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