Dry Ice Market In-Depth Analysis | Key Participants Dry Ice Corp., Dry Ice UK Ltd, Praxair Technology Inc.

Demand for dry ice is expected to magnify with the development of dry ice machines industry across the globe. Manufacturers in large multinational organizations and private firms have been contributing prominently in the revenue growth of dry ice market. Dry ice being a cost-effective product is expected to bolster its demand across various applications in the near future. Rising number of fire accidents leads to increasing demand for dry ice, in order to restore and renovate industrial and residential buildings. These factors coupled with non-combustible and non-toxic properties of dry ice is expected to further drive the global market growth.

Rapidly increasing demand for frozen foods and growing use of dry ice as refrigerant across the food and shipping industries is anticipated to significantly drive the growth of dry ice market. Notable growth in transportation industry is expected to support the shipping of products, thereby holding impressive revenue growth opportunities for dry ice market. Grocery stores and healthcare industry are anticipated to create lucrative growth opportunities for the growth of dry ice market with rising lengthy transportation trips in the forthcoming years. However, inability of dry ice in long-term storage might restrain the growth of dry ice market in the forthcoming years.

As per the recent research conducted by a leading market insights provider FMI, the global Dry Ice market will expand at a healthy CAGR over the forecast period between 2015 and 2025. The aim of this study is to analyze key market dynamics affecting the sales of Dry Ice and provide vital insights to business owners to get benefited from forthcoming opportunities.

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Upsurge in the Trend of Green Chemistry to
Facilitate the Growth in the Dry Ice Market

Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Dry Ice market.

Key Dry Ice Market Takeaways and Projections

• The U.S. will lead the North America Dry Ice market, projecting the fastest growth in the region between 2015 and 2025
• Germany will collectively hold the largest share in the Europe market over the assessment period.
• India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through 2025.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.

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Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Dry Ice market. It also profiles a list of prominent companies including Continental Carbonic Products, Inc., Yara International ASA, Dry Ice Corp., Dry Ice UK Ltd, Praxair Technology, Inc.

To offer an in-depth analysis of prevailing competition, the survey provides a thorough market share analysis. The report also highlights key expansion strategies adopted by the Tier 1, Tier 2, and Tier 3 players.

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Dry Ice Demand Analysis by Category
End-use Application
• Healthcare
• Food Processing
• Industrial Cleaning
• Transport
• Others

Region
• North America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.