Dry Ice Market Introduction and 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%.
The report includes an in-depth analysis of the Global Dry Ice Market, including market size and trends, Machine Type mix, distribution channels, and supplier analysis. Carbon dioxide is available in the form of dry ice, which evaporates completely. It is a non-flammable, odourless, colourless, mildly acidic substance. In the beginning, CO2 is compressed and cooled to create dry ice. In order to create dry ice, the liquid form is compressed by a hydraulic press into practical dry ice pellets, slices, or blocks. Compared to ice made of water, it has a low temperature of about -75°C. Additionally, during the sublimation process, dry ice transforms into a gas instead of melting into a liquid when heated. It is mostly utilised in refrigeration to maintain the coldness of frozen and medical products.
- January 2021: ASCO CARBON DIOXIDE LTD has unveiled the dry blasting device ASCOJET 1208. This device is lightweight and simple to handle. It is preferred mostly for cleaning needs.
- October 2021: Central McGowan unveiled ColdZERO, a block of premium dry ice. It is highly capable of cooling.
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Market Opportunities and Challenges
- Opportunities: Opportunities for the dry ice market will arise from the healthcare sector's significant expansion. Blood, organs, pharmaceuticals, biological samples, and body parts can all be preserved with dry ice. In addition, dry ice is used to transport chemicals that must be transported at extremely low temperatures, which is anticipated to create prospects for the dry ice business in the near future.
- Challenges: A significant obstacle in the dry ice business is the absence of competent labour and the lack of knowledge in underdeveloped areas. In low-income areas, people currently employ conventional cooling methods like water-based ice, which is problematic for the global market.
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Market Competitive Landscape
The market is quite competitive because to the presence of other significant firms including 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, Others.
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
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| 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, Others
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COVID-19 Impact on Global Dry Ice Market
The dry ice market has benefited from the COVID-19. Due to the necessity for dry ice, the COVID-19 has positively affected the demand for items around the world. It should be simpler to distribute and administer the COVID-19 vaccine over the world because it needs to be stored and transported at temperatures below freezing. Additionally, the pandemic's severe lockdowns, increased demand for vaccines, and lengthy food shipments have all helped to positively impact the market.
Key Target Audience
- Automotive Industry
- Chemical and Industrial Sector
- Cold Chain Logistics Providers
- Energy and Utilities:
- Entertainment and Event Planning
- Firefighting and Disaster Management Agencies
- Food and Beverage Industry
- Hospitals and Laboratories
- Logistics and Transportation Companies
- Manufacturers and Producers
- Pharmaceutical and Healthcare Industry
- Research and Development Institutes
- Waste Management Companies
- Others
Our in-depth analysis of the Dry Ice Market includes the following segments:
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By Type:
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Dry Ice Blocks
Dry Ice Column
Dry Ice Pellets
Dry Ice Powder
Dry Ice Slab
Dry Ice Slice
Others
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By Application:
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Dry Ice for Food & Beverages
Dry Ice for Healthcare
Dry Ice for Industrial Cleaning
Dry Ice for Storage & Transportation
Dry Ice for Other Applications
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By Market Type:
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Cleaning Machine
Production Machine
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By End User:
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Commercial
Entertainment Industry
Healthcare
Industrial Sector
Transportation
Others
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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 Machine 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 Growth Analysis
- Problems and Challenges in Global Dry Ice Market
- Global Dry Ice Market Competitive Landscape
- 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.
