Dry Ice Market Overview 2030:
Trends, Challenges, and Opportunities

Market Analysis 

The dry ice market is likely to touch USD 670 Million at a 6.40% CAGR between 2022- 2030, according
to the recent Market Research Future (MRFR) report. Dry ice is carbon dioxide
in a solid form that upon sublimation becomes gas instead of liquid. It
evaporates over a specific time period leaving the container bottom and
biological sample clear from water. 

Various factors are adding to the global dry ice market overview. These factors, as per the new MRFR report, include cost-effectiveness,
increasing use to clear out contaminants such as glue, paints, mold release
agents, ink, and other forms of dirt, and increasing need of dry ice to restore
industrial and residential buildings for increasing fire accidents. Additional
factors adding market growth include non-combustible and non-toxic properties,
growing demand for dry ice pellets and dry ice cubes in the healthcare industry
& grocery stores, increasing use in frozen foods, as a refrigerant in food
industries and shipping, and as an alternative for conventional electric power
based cooling arrangement. 

On the contrary, the inability for long term storage may limit the dry
ice market growth over the forecast period. 

Covid-19 Analysis /Covid-19 Impact on Dry Ice Market 

The world is equally fighting health as well as an economic pandemic
with the novel coronavirus casting its shadow over economies worldwide. In
fact, the complete lockdown scenario in different countries has impacted
several industries, including the dry ice market directly or indirectly,
resulting in a shift in activities such as product commercialization, vendor
operations, and supply chain operations, among others. A good number of
projects in South Korea, Germany, the US, and China have been delayed, and
companies are experiencing short-term operational issues owing to lack of site
access and supply chain constraints on account of the coronavirus pandemic. The
APAC region is likely to get highly impacted by the novel coronavirus outbreak
for its effect in India, Japan, & China. In fact, China is the hub of the
lethal disease and is a key country with regards to the chemical
industry. 

Request for free sample
copy: https://www.marketresearchfuture.com/sample_request/8610

Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global
dry ice market based on application and type. 

By type, the dry ice market is segmented into blocks, pellets, and
others. Of these, the pellets segment will lead the market over the forecast
period for its increasing use to transport biological and food specimens such
as blood and vaccines, chilling, freezing, blast cleaning, and restoring old
buildings. 

By application, the dry ice market is segmented into industrial
cleaning, healthcare, storage and transportation, food and beverages, and
others. Of these, the industrial cleaning segment will dominate the market over
the forecast period. 

Regional Analysis 

Based on the region, the global dry ice market covers the recent trends
and growth opportunities across the Americas, Europe, the Asia Pacific (APAC),
and the Rest of the World (RoW). Of these, Europe will have the lions share in
the market over the forecast period for the growing demand for frozen food
products and the presence of leading market players. Trading of superior
quality perishable food products that need cold storage at the time of
transportation is high is this region, which is also adding market
growth. 

Key Players

Eminent players profiled in the global dry ice market research
report include CryoCarb (US),
Pacific/Reliant Dry Ice (US), Tripti Dry Ice Co (India), Dry Ice Corp. (US),
Dry Ice UK Ltd (UK), Air Liquide (France), Chuan Chon Enterprise (Taiwan),
Linde plc (US), Sicgil India Limited (India), Continental Carbonic Products, Inc.
(US), Polar Ice Ltd. (Ireland), and S. Ice (US). Industry players have
incorporated strategies such as acquisitions, mergers, collaborations, joint
ventures, new product development, and strategic alliances to build a niche in
the market. 

Related Reports:

Carnauba
Wax Market Research Report Information By Product Type (Type 1, Type 2,
and Type 4), By Form (Powder and Flakes), By Application (Food & Beverages,
Pharmaceuticals, Personal Care, and Automotive), And By Region (North America,
Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Alginates
Market Research Report Information By Source (Laminaria, Macrocystis,
Ascophyllum and Others), By Function (Thickener, Emulsifier, Stabilizer,
Acidity Regulator and Others), and By Region (North America, Europe,
Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

About Market Research Future:

Market Research Future (MRFR) is a
world-renowned market research company that offers a wide range of services,
complete with accurate and precise analysis about diverse markets, sub-markets
and target consumers. Our approach is a combination of extensive information
and multiple data sources that help provide an exhaustive comprehension about
the latest major developments to the client, in addition to future events and
what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is
armed with an adept research analysts’ team that focuses on gathering useful
data and analytics in terms of economic and technological advances. Our
proficient analysts conduct industrial visits in a bid to achieve reliable and
accurate information from established market participants. One of our foremost
objectives is to keep the client well-versed with all the lucrative
opportunities as well as challenges surrounding various global markets. We
offer step-by-step guidance to our clients, through consulting and strategic
services, enabling them to arrive at a practical and effective decision.

Contact us:

Market Research Future (part of Wantstats Research and Media
Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United
States of America

PH no.: +1 646 845 9312

Email: sales@marketresearchfuture.com