A recent report published by Infinium Global Research on the dry ice market provides an in-depth analysis of segments and sub-segments in the global as well as regional dry ice market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional dry ice market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global dry ice market. According to the report, the global dry ice market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
The solid form of carbon dioxide is known as dry ice and it is used primarily as a cooling agent as well as in fog machines at theatres for dramatic effects. It has a lower temperature than that of water ice and does not leave any residue, which can be called its advantage. For preserving frozen foods where mechanical cooling is unavailable, dry ice proves really helpful there. The most common industrial method of manufacturing dry ice involves the production of gases with a high concentration of carbon dioxide. The manufacturing of dry ice is very easy. The items that remain cold or frozen get the dry ice used more frequently. The dry ice market covers food grade, industrial grade, etc. Instead of traditional water, dry ice is frequently used because it has a lower temperature when compared to water-based ice and does not melt into a liquid form, which makes it waste-free. Fry ice is non-flammable and non-toxic like some other refrigerants. The demand for dry ice is expected to increase. In the market revenue growth of dry ice manufacturers, large multinational corporations and private firms have significant contributions. In the near future, dried is expected to have an increased demand and it is a very low-cost product.
The rapidly increasing demand for frozen foods, as well as the growing use of dry ice as a refrigerant in the food and shipping industries, are expected to significantly drive the dry ice market's growth. The transportation industry is expected to support product shipping, providing impressive revenue growth due to significant growth opportunities in the dry ice market. Transportation trips, grocery stores, and the healthcare industry are expected to create lucrative growth opportunities for the dry ice market in the coming years. Dry ice can be a more environmentally friendly alternative to cleaning solvents and other chemicals. In the coming years, the inability of dry ice to be stored for an extended period of time may restrain the growth of the market. In food preservation treatment, the demand for dry ice is very high. This can be a good opportunity for the market to set up the name. The use of dry ice as an effective component of the convectional electric power-based cooling system is expected to boost the demand for dry ice.
The Asia-Pacific dry ice market is expected to experience the highest growth in the dry ice market. The Asia-Pacific is expected to become the most important region in the dry ice market. Europe is likely to follow suit. In the industrial section, the transportation, health care, and entertainment industries in China, Japan, and India are being driven by increased demand for dry ice. North America’s growing entertainment industry has resulted in an increased demand for dry ice. Canada and the United States are the leading suppliers.
The report on the global dry ice market covers segments such as type, and application. On the basis of type, the sub-markets include dry pellets, dry blocks, and dry slice. On the basis of application, the sub-markets include food manufacturing, industrial cleaning, transport and distribution, and others.
The report provides profiles of the companies in the market such as Air Liquide, Linde plc, Airgas, Inc., CryoCarb, AGSCO Corp, Continental Carbonic Products, Inc., Brookline Ice Company, Apple Ice Inc, OXARC, and Capitol Carbonic.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the dry ice market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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