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Dry ice is a type of ice that is used as a refrigerant in the medical and food industries and to create smoke clouds in the entertainment sector. It's a form of powerful carbon dioxide that doesn't leave behind any residue. It is called dry ice because it sublimates, or turns directly into a gas when heated rather than melting into liquid.
Dry Ice Market Scope and Research Methodology
The report comprehensively analyses the Dry Ice Market's trends, forecasts, and monetary values. The report provides an in-depth analysis of the segments and sub-segments in and regional Dry Ice markets. The report contains a bottom-up approach to understanding estimations of the market size. Key market participants and new entrants' services, revenue, financial status, portfolio, growth strategies, and regional presence are all included in the Dry Ice Market report. The report forecasts the market size and growth rate along with existing and future trends in the Dry Ice market.
The Dry Ice market report provides demand projections, market trends, and micro and macro factors in depth. It also identifies the factors that are driving and restricting the Dry Ice market's growth. The qualitative and quantitative methods are included in the report. Research using SWOT, PESTLE, and Porter's Five Force tools are used for the analysis of the Dry Ice market. The analysis identified key upcoming developments that are expected to influence Dry Ice market demand over the forecast period.
Dry Ice Market Report Overview:
The main objective of the SMR’s Dry Ice Market report is to help clients make business decisions, which help them decide which areas they need to improve, which are already performing well and help the new entrant in their landing and penetrating the competition. The report also enlightens about the challenges prevailing in the Dry Ice Market.
Dry Ice Market Size was valued at USD 140 million in 2021. Global Dry Ice Market size is estimated to grow at a CAGR of 7.8 % over the forecast period.
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Dry Ice Market Regional Analysis:
Geographically, Dry Ice Market report is segmented into several key regions are as follows,
Dry Ice Market Segmentation:
Storage and Transportation, Food and Beverage, Healthcare, Industrial Cleaning, and Entertainment Industry are the application segments of the Dry Ice market. During the projection period, storage and transportation would dominate the industry with the largest market share. Time and temperature sensitive shipments necessitate extra care and information to guarantee a controlled and beneficial exchange with dry ice logistics services.
Dry ice is mostly used for food storage and transportation, perishable products, clinical supplies, and so forth. Clinical trials for pharmaceutical companies, hospitals, and research institutes include storage and supply chain operational features. They provide frozen and chilled delivery of food, drugs, medical gadgets, and carbon fiber products.
Dry ice is also highly important in the healthcare industry. The number of organ transplant surgeries has increased as the prevalence of organ disorders has increased. Organs that are fragile must be kept at a specified and controlled temperature. As a result, dry ice aids in the storage and preservation of organs for a longer amount of time. Furthermore, dry ice is commonly employed in blood banks to store and preserve blood under controlled temperature and hygienic conditions.
The dry ice market is divided into several product categories, including pellets, blocks, slices, slabs, columns, powder, and others. The pellets segment controlled the majority of the dry ice market. Dry Ice pellets have a thicker consistency. Because of their food-grade quality and safety, tube-shaped Dry Ice pellets meant for use in the food and beverage industry are beneficial in the handling of food items. These tiny pellets are the size of rice grains.
This sort of Dry Ice is also appropriate for smaller size requirements, storing, or transportation. Colleges, for example, routinely use Dry Ice pellets in tests or for restricted storage requirements. Dry ice pellets are often utilized in the entertainment sector to create false smoke and clouds. Furthermore, Dry Ice pellets are commonly used in the impact cleansing, freezing, chilling, and transportation of food and organic samples such as antibodies and blood.
Dry Ice Market Key Players:
Gulf Cryo (Kuwait)
Air Liquide (France)
Dry Ice UK Ltd (UK)
Dry Ice Corp. (USA)
Tripti Dry Ice Co (India)
Pacific/Reliant Dry Ice (USA)
Continental Carbonic Products, Inc. (USA)
Linde plc (USA)
Chuan Chon Enterprise (Taiwan)
CryoCarb (USA)
Polar Ice Ltd. (Ireland)
Messer Group (Germany)
Yara International ASA (Norway)
Continental Carbonic Products Inc. (USA)
Sicgil India (India)
Praxair Technology Inc. (USA)
Chuan Chon Dryice (Taiwan)
Key questions answered in the Dry Ice Market are:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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