What is Global Dry Ice Production Machine Market?
The Global Dry Ice Production Machine Market is a comprehensive study of the various aspects of the industry, including its size, growth, trends, and forecast. This market revolves around the production of dry ice, which is the solid form of carbon dioxide. It is primarily used as a cooling agent due to its lower temperature compared to regular ice and its ability to leave no residue. The machines involved in this market are responsible for the production of this dry ice. These machines vary in size and production capacity, and are used across various industries worldwide. The market's value was estimated to be around US$ 96 million in 2022, and it is expected to grow to US$ 125.9 million by 2029. This growth is anticipated due to the increasing demand for dry ice in various sectors.
Less than 200kg/hr, 200 to 400kg/hr, More than 400kg/hr in the Global Dry Ice Production Machine Market:
The Global Dry Ice Production Machine Market is segmented based on the production capacity of the machines. These segments include machines that produce less than 200kg/hr, 200 to 400kg/hr, and more than 400kg/hr. Each of these segments caters to different needs and demands in the market. Machines that produce less than 200kg/hr are typically used in smaller industries or for specific, smaller scale applications. On the other hand, machines that produce 200 to 400kg/hr and more than 400kg/hr are used in larger industries that require a higher amount of dry ice. The choice of machine depends on the specific requirements of the industry and the volume of dry ice needed.
Medical & Biotechnology, Food & Beverage, Automotive Industry, Industrial Manufacturing, Others in the Global Dry Ice Production Machine Market:
The Global Dry Ice Production Machine Market finds its application in various sectors including Medical & Biotechnology, Food & Beverage, Automotive Industry, Industrial Manufacturing, among others. In the Medical & Biotechnology sector, dry ice is used for the preservation and transportation of medical samples and biological materials. In the Food & Beverage industry, it is used for freezing food items and for carbonation of beverages. The Automotive Industry uses dry ice for cleaning purposes, while Industrial Manufacturing uses it for cooling during the manufacturing process. Other sectors also utilize dry ice for various purposes, contributing to the overall growth of the market.
Global Dry Ice Production Machine Market Outlook:
The market outlook for the Global Dry Ice Production Machine Market is promising. In 2022, the market was valued at US$ 96 million and it is projected to reach US$ 125.9 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2023 to 2029. The Industrial Manufacturing sector was the largest consumer of dry ice in 2018, accounting for a market share of 29.77%. This sector's significant share is due to the extensive use of dry ice in various manufacturing processes. The growth of the market is driven by the increasing demand for dry ice across various sectors.
| Report Metric | Details |
| Report Name | Dry Ice Production Machine Market |
| Accounted market size in 2022 | US$ 96 in million |
| Forecasted market size in 2029 | US$ 125.9 million |
| CAGR | 3.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Cold Jet, ASCO Group, Karcher, Artimpex nv, CO2 Air, Inc, TOMCO2 Systems, Tooice, Aquila Triventek, Lang & Yüzer Otomotiv A.S., FREEZERCO2, ICS ice cleaning systems s.r.o., Ziyang Sida, Wuxi Yongjie |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
