Global Dry Ice Market Overview
According to SPER Market Research, the Global Dry Ice Market is estimated to reach USD 0.31 billion by 2032 with a CAGR of 8.27%.
Dry ice is a solid form of carbon dioxide that is characterised by a direct phase change from a solid to a gaseous state without experiencing a phase transformation to a liquid with a progressive increase in temperature. It frequently takes the place of regular water-based ice. In contrast to many other refrigerants, it is non-flammable and non-toxic. These factors, together with the fact that dry ice is non-flammable and non-toxic, are predicted to drive continued global market growth. The manufacturers in significant private and international corporations have accelerated the revenue growth of the dry ice market dry ice is becoming more and more essential for blast cleaning as a result of the continued growth of the industrial sector and the displacement of water-based ice as a refrigerant for frozen food products. Shipping of goods is anticipated to increase due to the transportation sector's notable growth, expanding the market opportunities for dry ice globally.
The handling difficulties and government regulations governing the removal of dry ice from food products are predicted to soon impede industry expansion. Demand for dry ice, is expected to increase in the near future across a range of applications as it is also used in the packaging and transportation of food. Food-grade dry ice is a necessary component of all soft drinks. During the forecast period, the dry ice market is expected to expand significantly in the food and beverage manufacturing sector too. Additionally, it is versatility and use as a viable substitute for traditional electric power-based cooling systems are anticipated to increase demand for dry ice during the forecast period.
Impact of COVID-19 on the Global Dry Ice Market
The infestation of COVID-19 has resulted in a drop in product consumption, which can be attributed to the government's system to improve the quality to maintain social disconnection, confinement, and store number of occupants. As the COVID-19 epidemic slows, the business for considerably safer frozen food is expected to expand, which will lead to a continuous increase in the use of dry ice as a refrigerant. After Pfizer announced encouraging findings for its COVID-19 vaccine, which must be refrigerated to be safe, dry ice sales are said to have increased noticeably. With the use of the dry ice, the businesses have developed, specially created temperature-controlled thermal shippers that, when filled with dry ice, may be used as temporary storage unit. In order to sustain lower temperatures, the businesses have developed specially built, temperature-controlled thermal shippers. By adding more dry ice, they can be used for many days as temporary storage containers.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application, By Machine Type, By End User.
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | ASCO CARBONDIOXIDE LTD, Central McGowan, Chillistick Ltd, Linde, Merck KGaA, Next Air LLC, Pacific/Reliant Dry Ice, Polar Ice Ltd, Praxiar Technology, The Iceman, Thomas Scientific, VICTEX
|
Global Dry Ice Market Segmentation:
1. By Type:
- Dry Ice Blocks
- Dry Ice Column
- Dry Ice Pellets
- Dry Ice Powder
- Dry Ice Slab
- Dry Ice Slice
- Others
2. By Application:
- Dry Ice for Food & Beverages
- Dry Ice for Healthcare
- Dry Ice for Industrial Cleaning
- Dry Ice for Storage & Transportation
- Dry Ice for Other Applications
3. By Market Type:
- Cleaning Machine
- Production Machine
4. By End User:
- Commercial
- Entertainment Industry
- Healthcare
- Industrial Sector
- Transportation
- Others
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Dry Ice Market (FY’2019-FY’2032)
- Overview of Global Dry Ice Market
- Segmentation of Global Dry Ice Market By Type (Dry Ice Blocks, Dry Ice Pellets, Dry Ice Slab, Dry Ice Slice, Dry Ice Column, Dry Ice Powder, Others)
- Segmentation of Global Dry Ice Market By Application (Dry Ice for Food & Beverages, Dry Ice for Healthcare, Dry Ice for Industrial Cleaning, Dry Ice for Other Applications, Dry Ice for Storage & Transportation)
- Segmentation of Global Dry Ice Market By Market Type (Cleaning Machine, Production Machine)
- Segmentation of Global Dry Ice Market By End User (Industrial Sector, Transportation, Food Processing, Healthcare, Commercial, Entertainment Industry, Others)
- Statistical Snap of Global Dry Ice Market
- Global Dry Ice Market’s Growth Analysis
- Problems and Challenges in Global Dry Ice Market
- Competitive Landscape in the Global Dry Ice Market
- Impact of COVID-19 and Demonetization on Global Dry Ice Market
- Details on Recent Investment in Global Dry Ice Market
- Competitive Analysis of Global Dry Ice Market
- Major Players in the Global Dry Ice Market
- SWOT Analysis of Global Dry Ice Market
- Global Dry Ice Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Dry Ice Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Dry Ice Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Dry Ice Market
7. Global Dry Ice Market, By Type, 2019-2032 (USD Million)
7.1 Dry Ice Blocks
7.2 Dry Ice Column
7.3 Dry Ice Pellets
7.4 Dry Ice Powder
7.5 Dry Ice Slab
7.6 Dry Ice Slice
7.7 Others
8. Global Dry Ice Market, By Application, 2019-2032 (USD Million)
8.1 Dry Ice for Food & Beverages
8.2 Dry Ice for Healthcare
8.3 Dry Ice for Industrial Cleaning
8.4 Dry Ice for Storage & Transportation
8.5 Dry Ice for Other Applications
9. Global Dry Ice Market, By Market Type, 2019-2032 (USD Million)
9.1 Cleaning Machine
9.2 Production Machine
10. Global Dry Ice Market, By End User, 2019-2032 (USD Million)
10.1 Commercial
10.2 Entertainment Industry
10.3 Food Processing
10.4 Healthcare
10.5 Industrial Sector
10.6 Transportation
10.7 Others
11. Global Dry Ice Market, By Region, 2019-2032 (USD Million)
11.1 Global Dry Ice Market Size and Market Share by Region (2019-2025)
11.2 Global Dry Ice Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 ASCO CARBONDIOXIDE LTD
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Central McGowan
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Chillistick Ltd
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Linde
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Merck KGA
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Nex Air LLC
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Pacific/Reliant Dry Ice
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Polar Ice Ltd
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Praxair Technology
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 The Iceman
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Thomas Scientific
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 VICTEX
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
