Dry Ice Market Geographical Expansion & Analysis Growth Development, Status, Recorded during 2016 to 2030

Global Dry Ice Market was valued at USD 1247.22 Million in 2022 and is projected to reach USD 1763.55 Million by 2030, growing at a CAGR of 4.5% over the forecast period.

Due to its lower temperature compared to traditional water-based ice and the fact that it does not melt into a liquid form, making it waste-free, dry ice is frequently used in place of it. Furthermore, dry ice is not poisonous or combustible like certain other refrigerants.
Demand for dry ice is anticipated to rise as the dry ice machine industry expands globally. Large multinational corporations and private businesses have contributed significantly to the expansion of the dry ice market's revenue.
Carbon dioxide in the form of dry ice is used primarily as a refrigerant and cooling agent. Since it is a kind of solid carbon dioxide, it leaves no trace. Due to the sublimation method used to prepare it, it is known as dry ice. Instead of melting into a liquid when heated, it transforms immediately into a gas. Compared to water ice, dry ice has a lower temperature. This is a significant benefit of dry ice.

The carbon dioxide used to make dry ice is compressed into a gas, then cooled until it becomes liquefied. To create dry ice, sometimes referred to as solid carbon dioxide, the liquefied form is expanded under pressure.
In addition to being an excellent refrigerant for keeping perishable goods like seafood, gourmet foods, baked goods, meat and poultry, and dairy (ice cream, milk, cheese) frozen in supermarkets and convenience stores, dry ice is also inexpensive and environmentally friendly, making it essential for the effective transportation of such goods during long and distance shipping. A measure of a gas' greenhouse effect known as the "global warming potential" (GWP) compares the amount of energy absorbed by a tonne of an emitting gas to a tonne of carbon dioxide released into the atmosphere (CO2).

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Dry Ice Market - Segmentation
The Dry Ice Market by Type is categorized into:
• Dry Ice Pellets
• Dry Ice Blocks
• Other Dry Ice Types

The Dry Ice Market by Application is classified into:
• Dry Ice for Food & Beverages
• Dry Ice for Storage & Transportation
• Dry Ice for Healthcare
• Dry Ice for Industrial Cleaning
• Dry Ice for Other Applications

The Dry Ice Market -Regional Analysis
During the projected timeline, Asia Pacific is expected to dominate the worldwide dry ice market. Europe is likely to adopt it after it. The market in Asia Pacific is being driven by an increase in demand for dry ice in the transportation, healthcare, and entertainment sectors in China, Japan, and India.

The Dry Ice Market - Key Market players
The major players in the market are: Central McGowan, VICTEX, ASCO CARBON DIOXIDE LTD, The Iceman., Linde, Merck KGaA, Polar Ice Ltd, Chillistick Ltd., Thomas Scientific, Pacific/Reliant Dry Ice, Praxair Technology, Inc., and nexAir LLC among others.

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