The constantly growing production and supply of frozen food and transportation of goods including grocery and medicine is anticipated to create strong demand for dry ice as a refrigerant in a number of industries such as manufacturing, aviation, transport, medicine, food processing, and bio-medicine.
Dry ice often finds application as a substitute of water based ice owing to the fact that it does not melt in to a liquid form, which results in lesser waste and easier cleaning, making it an ideal refrigerant in a number of end use industries.
Food and Transport Industries to Drive Use of Dry Ice
Dry ice is anticipated to witness a steady growth in demand in the near future. This growth can be largely attributed to the ever rising demand for the material in the role of a refrigerant for transporting temperature sensitive materials or perishable foods. In addition, the rising consumption of frozen foods is anticipated to boost the use of dry ice across the globe.
Another major factor that is presently pushing the use of dry ice globally, is its use in industrial cleaning through a dry ice blast cleaning process. The procedure is gaining popularity as it provides end users with a more effective and safe cleaning solution in comparison the results achieved by the use of traditional cleaning solvents and chemicals.
Dry ice is extremely versatile in its applications and is also increasingly being used as an effective alternative to traditional cooling systems that are powered by electricity. These factors are anticipated to directly influence the demand for dry ice in a positive manner for the foreseeable future.
Growth of Dry Ice Production and Application Equipment Innovations
The supply of dry ice is largely driven by the availability and innovation in production technologies, through changes in equipment design and working principles. Moreover, equipment manufacturers are also working on the crucial issue storing dry ice for longer periods, by making use of machines that provide dry ice as per the user needs, on site.
For example, Triventek A/S of Denmark has introduced a dry ice pelletizer machine that provides high quality and density of dry ice pellets that can be used for cooling and blast cleaning purposes. The new equipment features improved extrusion plates that allow the end user to access freshly produced dry ice on the site. Moreover, the equipment also features automatic lubrication and recovery mechanisms that recycle any waste gas that occurs due to sublimation of the material.
Cold Jet LLC has also released its new range of Aero dry ice blast cleaning systems, which make use of a combined electro-pneumatic system, in addition to insulated hoppers, focused nozzles, and durable and ergonomic designs to ease of use. Since the use of carbon dioxide in such a manner eliminates the need for volatile organic compounds, or other types of cleaning solvents, they are also supported by environmental initiatives, further driving the growth of the global dry ice market.
Mergers and Acquisitions to Drive Global Growth
Owing to the rising applications of dry ice, manufacturers are focused intensely on merger, acquisition, and collaborative activities that are aimed at increasing production capacity and improving on market presence on a global scale.
For example, leading industrial gas manufacturers Praxair Inc. and the Linde Group have announced their merger, which is expected to make the combined business entity the global leader in the industrial gas business, dethroning Air Liquide, by enhancing its geographic presence in all major markets, and boosted efficiency, savings, and production scale.
Similarly, European industrial gas manufacturer Yara International ASA has been acquired by Praxair Inc., which includes the sale of CO2 liquefaction units, dry ice production units, and shipping infrastructure across numerous European countries including Ireland, Italy, and Scandinavia.
To Know More? Download sample report