Dry Ice Market: The growing demand for these products and the need for effective cooling during transportation and storage

According to the report, the global Dry Ice market is expected to grow from USD 0.18 Billion in 2022, which is expected to reach $0.32 Billion by 2033, growing at the CAGR of 6.41% from 2023 to 2033. Dry ice is the solid form of carbon dioxide (CO2), which is a colorless, odorless gas that makes up a small fraction of the Earth’s atmosphere. Dry ice is produced by compressing and cooling carbon dioxide gas to a temperature below its normal boiling point, causing it to condense into a solid state. The resulting dry ice is a white, snow-like substance that is extremely cold, with a temperature of -109.3°F (-78.5°C). Because of its very low temperature and unique physical properties, dry ice is commonly used as a cooling agent, in transportation of perishable goods, special effects, and cleaning applications.

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Key Highlights:

• The global Dry Ice Market size was valued at USD 18 billion in 2022 growing at a CAGR of 6.41% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global Dry Ice Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Dry Ice market report also includes the following data points:

• COVID19 Impact on Dry Ice market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Dry Ice market

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Key Players

Some of the major Dry Ice players holding high market share include Linde, Chuan Chon Enterprise, Air Liquide, Dry Ice Corp. These players use new product development and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Polar Ice Ltd
• Continental Carbonic Products Inc
• Sicgil India Limited
• Linde
• Chuan Chon Enterprise
• Air Liquide
• Dry Ice UK Ltd
• Dry Ice Corp
• Tripti Dry Ice Co
• Pacific/Reliant Dry Ice
• CryoCarb

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of Dry Ice Market:

• Dry ice pellet
• Dry ice slab
• Dry ice block
• Dry ice slice
• Dry ice powder
• Dry ice column
• Others

Market Segment By Application with focus on market share, consumption trend, and growth rate of Dry Ice Market:

• Transport & distribution
• Entertainment industry
• Food manufacturing
• Research
• Industrial cleaning
• Others

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Global Dry Ice Geographic Coverage:

• North America
  • US
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Benelux
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific

• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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