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Dry Ice Market Opportunity Observational Studies by Top Companies & Forecast by 2027

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akriti verma
Dry Ice Market Opportunity Observational Studies by Top Companies & Forecast by 2027

Market Forecast

Dry Ice Market size is expected to cross USD 270 Million by 2025 at a CAGR of 7% during the forecast period of 2019 to 2025. Dry ice refers to carbon dioxide (CO2) in solid form, which upon sublimation, turns to gas instead of liquid. The market is expected to be lucrative for dry ice suppliers in the coming years due to the increasing demand for dry ice cubes and dry ice pellets in grocery stores and the healthcare industry. Dry ice is also used in the transportation of biological samples such as organs, body parts, and blood. Dry ice evaporates over a period of time, leaving the bottom of the container and biological sample clear of water. Market players are also expected to witness growth opportunities in the entertainment industry where Dry Ice Market Opportunity is used to form smoke clouds during concerts and other events.

Market USP

Rising adoption of dry ice blast cleaning

Growth Opportunities in the Market

  • Blocks segment to register the highest growth rate during the forecast period: The demand for dry ice blocks is increasing in food & beverage and storage & transportation applications as they are convenient to use in large-scale applications and can preserve a product for long durations. Additionally, the growth of the application industries for dry ice blocks is contributing to the growth of the dry ice blocks segment. The segment is expected to register a CAGR of more than 5% during the forecast period of 2019 to 2025.
  • Fluctuating weather conditions and surging demand for frozen food products: The food & beverages segment is expected to register the highest growth rate during the forecast period. This can be attributed to the increasing use of dry ice to counter the increasing losses of frozen food products owing to weather fluctuations and power outages, especially in developing countries. Additionally, a hike in demand for frozen food products in Asia-Pacific and the Middle East is expected to boost the growth of the segment.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/dry-ice-market-8610

Key Players

  • S. Ice (US)
  • Polar Ice Ltd. (Ireland)
  • Continental Carbonic Products, Inc. (US)
  • Sicgil India Limited (India)
  • Linde plc (US)
  • Chuan Chon Enterprise (Taiwan)
  • Air Liquide (France)
  • Dry Ice UK Ltd (UK)
  • Dry Ice Corp. (US)
  • Tripti Dry Ice Co (India)
  • Pacific/Reliant Dry Ice (US)
  • CryoCarb (US)

 

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 

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