2020-2027 Analysis and Review Solid Carbon Dioxide Market

Solid Carbon Dioxide Market

Solid Carbon Dioxide Market By Application (Healthcare, Food Processing and Others), By Type (Dry Ice Pellets, Dry Ice Blocks and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

04-07-2020 REP-HC-5127 40 Tables 120 pages Format

The solid carbon dioxide market was valued at USD 171.5 Mn by 2019. Significant growth in the biopharmaceutical segment for transportation of drug molecules and biological samples primarily drives the solid carbon dioxide market growth. Additionally, increasing demand for frozen food products throughout the globe further accentuates the market growth.

Solid Carbon Dioxide Market

Solid carbon dioxide is popularly known as dry ice due to its dipole moment of zero, non-polar nature, and impressive van der Waals force. It finds a huge application in the pharmaceutical segment owing to its ability to flash freeze biological samples and in the industrial segment for the degassing of flammable vapors from the storage tanks and as a cutting fluid. It needs to be handled very skillfully as prolonged exposure to dry ice usually results in frost bites and hypercapnia.

The major segments related to the solid carbon dioxide market are: 

By Application (2017–2027; US$ Mn)

Healthcare

Food Processing

Others

By Type (2017–2027; US$ Mn)

Dry Ice Pellets

Dry Ice Blocks

Others

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global Solid Carbon Dioxide market
  • The overall segmentation of the solid carbon dioxide market, by application, type, and geography is minutely studied. Healthcare and dry ice pellets are dominating the application and type segments respectively
  • Increasing demand for dry ice pellets in the grocery stores and healthcare segment worldwide
  • Significant increase in the demand for frozen food products will further accentuate the dry ice slabs requirement in the food processing segment

Report gist?

  • The study of the global solid carbon dioxide market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers the qualitative and quantitative analysis of the overall market segmented on the basis of application and type and categorization of the same at the geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning. 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the production of industrial gases actively engaged in the production and marketing of solid carbon dioxide due to the flourishing healthcare segment worldwide
  • The report will benefit entrepreneurs engaged in the development and expansion of food processing segment
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to solid carbon dioxide market
  • Financial institutions, venture capitalists, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies. 

Segment Analysis

Healthcare is spearheading the application segment for a solid carbon dioxide segment. In the pharmaceutical segment dry ice finds huge applications owing to its ability to transport biological samples (tissues and blood) and temperature sensitive drug molecules. The ergonomic features which render its importance in the healthcare segment are its 3 times refrigeration capacity as compared to water ice, non-toxic nature, odorless, non-flammable, and sublimation without leaving any residue. Food processing will be showcasing exemplary market performance during the forecast period owing to its useful application as blast cleaning which is time efficient and maintains higher standards of hygiene in comparison to the conventional cleaning methods.

Dry ice pellets are presently dominating the type segment for a solid carbon dioxide market. It is widely used in hospitals and academic research institute for small scale storage, delivery purposes and while conducting preclinical trials for drug molecules under investigation. Dry ice slabs are expected to register rampant market growth in the near future on account of its increasing demand from the food processing segment for the preservation and storage of frozen foods which is gaining huge demand throughout the globe due to fluctuating climate affecting the production of dairy, meat, and fisheries etc.

North America is currently representing the largest market share in the geography segment for a solid carbon dioxide market. The existence of a well-developed healthcare segment primarily drives the market growth. A significant increase in the demand for biologics for the treatment of chronic diseases has concomitantly increased the demand for dry ice in the transportation of biological samples further accentuates the market growth in the region. Europe is the second largest regional segment for dry ice primarily due to the flourishing food processing segment in the region. Domicile of major players such as Yara International ASA., Linde Industrial Gases, Air Liquide, Aquila Triventek A/S, Artimpex NV, etc further propels the market growth in the region. The Asia Pacific is anticipated to be the fastest growing regional segment for the solid carbon dioxide market. Increasing demand for dry ice in the cleaning and disinfecting of medical and industrial equipment determines the market growth in the Asia Pacific region.

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