Industry Background:
Dry ice refers to the type of ice used in refrigeration to keep things cold in the medical and food industries and generate clouds of smoke. It is a form of solid carbon dioxide which does not leave any residue. It is known as dry ice as it is processed through sublimation whereupon heated it changes directly into a gas instead of melting into liquid. The dry ice mechanism involves compressing the gaseous form of carbon dioxide followed by cooling to the liquefied form of CO2. Further, the liquefied form goes through pressurized expansion to obtain dry ice, sometimes also known as solid carbon dioxide. As compared to water-based ice, dry ice is frequently used due to its relatively low temperature (-78°C).This growth is primarily driven by Rising Demand for Dry Ice Globally As a Refrigerant in the Food and Transport Industry
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Continental Carbonic Products, Inc (United States), Airgas, Inc. (United States), nexAir LLC. (United States), Cee Kay Supply (United States), Linde Plc (Ireland), ASCO CARBON DIOXIDE INC. (Switzerland), CENTRAL MCGOWAN (United States), Pacific/Reliant Dry Ice (United States), Gehm & Sons (United States), Capitol Carbonic Corporation (United States), US Ice Corp. (United States), Greco Gas (United States) and Oxygen Service Company, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2023, industrial gas giant Air Liquide announced the acquisition of Carboneuro, a leading European dry ice producer, for an undisclosed amount. This move strengthens Air Liquide's position in the European dry ice market and expands its reach into new applications.
In November 2023, Carbonic Snow, a North American dry ice producer, launched its CO2 Capture Bags. These bags capture the carbon dioxide released during dry ice sublimation, reducing the environmental impact of the production process.The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Regulatory Insights:
The Federal Aviation Administration in the U.S. allows airline passenger to carry up to 2.5 kg per person either as checked baggage or carry-on baggage
Influencing Trend:
Innovative Frozen Food and Increasing Production Due To New Installation of Technology
Market Growth Drivers:
Rising Demand for Dry Ice Globally As a Refrigerant in the Food and Transport Industry, Offers a Safer Solution for Industrial Cleaning Solvents and Other Chemical and Growing Demand for Frozen Food Owing to Non-Toxic and Non-Combustible Properties
Challenges:
Prolonged Exposure to Dry Ice Can Cause Skin Damage (Dry Ice Frost Bite) and If Dry Ice Exerts Pressure It Changes Form From Solid Dry Ice To Gaseous Carbon Dioxide (Explosion Hazard)
Restraints:
Inability of Dry Ice to Keep It for Long-Term Storage
Opportunities:
Grocery Stores and Healthcare Industry and Rising Transportation of Goods That Require Dry Ice
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Dry Ice Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Dry Ice Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Dry Ice players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Dry Ice Study Sheds Light on
The Dry Ice Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Dry Ice industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dry Ice industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.