Dry Ice Market Size, Share and Forecast 2022-2028

The Global Dry Ice market was valued in 2018 at USD 159.7 million and is projected to rise at 6.5% CAGR from 2019-2028.

NEW YORK CITY, NEW YORK, UNITED STATES, November 4, 2022 /EINPresswire.com/ -- Dry ice is predicted to see significant growth due to the rapidly growing demand for frozen foods and the increasing use of dry insulation in both the food and shipping industries.  Significant growth is expected in the transportation sector, which will support the shipment of products and provide significant revenue growth opportunities for dry ice.

The dry ice market will see lucrative growth opportunities from the healthcare and grocery industry, with longer transportation trips expected to increase in the coming years.  However, dry ice might not be long-term stored in a safe manner which could limit the market's growth in the coming years.

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Dry Ice is a form of carbon dioxide that is solid.  Solid carbon dioxide can undergo phase change without temperature rise from a solid state to a gaseous or liquid state.  Because it doesn't leave behind any residue, Dry ice is often called this. 

Dry ice manufacturing refers to the compression and cooling of gaseous carbon dioxide to become liquid carbon dioxide.  The next step is to allow the liquefied CO2 to expand. After that, it is pressured to form dry ice or solid carbon. Because dry ice is often preferred because it has a lower temperature (-81 degrees) than traditional water-based Ice; however, because it doesn't melt into liquid form and does not produce waste, dry ice is often used as an alternative to water-based ice.  Dry ice, unlike other refrigerants, is non-flammable.

The report covers the following regions:

 North America (United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Major players in this market are: 
Cold Jet
icetech
kacher
ASCO Group
Artimpex n.v.
icesonic
TOMCO2 Systems
Aquila Triventek
tooice
CO2Air, Inc.
FREEZERCO2
Kyodo International
Ziyang Aids
Wuxi Yongjie Automatic Equipment

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Key Market Segments:

Type

Dry Ice Pellets
Dry Ice Block
Dry Ice Slab & Slice
Dry Ice Powder

Application

Transportation & Distribution
Food Manufacturing/Processing
industrial cleaning
entertainment industry
Research/Scientific

What can the Report provide?

This report provides an accurate, reliable market volume and value estimation. The Global Dry Ice Market report covers revenue, distribution, supply chain, and production.
The following section will examine upcoming market developments.
Growth Opportunities
This section provides a detailed analysis and comparison of countries and markets within the Global Dry Ice Market.
The report's competitive landscape will assist companies in making better business decisions.

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These are the most important questions this report answers:

What market growth rate is it? Are momentum and acceleration expected to continue to rise during the forecast period?
Which factors are most important in the Global Dry Ice Market?
What was the estimated value of the Global Dry Ice Market by 2021?
Which region is projected to have the largest market share in the Global Dry Ice Market?
What issues, trends, and obstacles will affect the growth and size of the Global Dry Ice Market and its future?
What are the top global dry ice market manufacturers' sales volume, revenue, and price analysis?
What are the risks and opportunities in the Global Dry Ice Market?

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