Dry ice is the solid form of carbon dioxide (CO2) that does not leave any residue and is used as a cooling agent. Dry ice is non-toxic and non-combustible as compared to other refrigerants. Its main function is to convert low pressure liquid CO2 into dry ice and is used for preserving food, carbonated beverages, biological samples, in water treatment, and cold chain management. One of the largest uses of dry ice is blast cleaning. Dry ice production machine has application in hospitality, storage houses, medical, and other industries for preserving items. Manufacturers offer customized dry ice production machines for production of small or large quantities of dry ice. The machines are offered in compact or large sizes as per the end-use requirement.
Factors driving growth of dry ice production equipment market
Dry ice production equipment market is expected to witness a steady growth during the forecast period. This is due to rapidly increasing demand for frozen foods and growing use of dry ice as a refrigerant across the food and shipping industries. Dry ice production machine is used in various food processing facilities including bakeries to control the temperature, impede bacteria growth, and reduce spoilage. For instance, according to Environmental Protection Agency (EPA), the use of dry ice to control rat population assures quality of the product.
Companies such as Cold Jet, use dry ice blasting for cleaning in the automobile sectors. It removes contaminant and biofilms without the use of water and chemicals. It is a faster and more effective process that does not produce any secondary waste, minimizes cleaning time & labor cost, and eliminates timely and costly task of waste collection and disposal. Dry ice production equipment market revenue is expected to increase over the forecast period due to increasing demand in automotive sector.
However, in remote areas, high quality dry ice is needed for many applications. Remote areas are those which are very far from the urban areas and are isolated and lack transportation links. Delivering dry ice to remote areas can be a challenge and results in a greater amount of dry ice waste and lower quality of dry ice. These factors could be a restraining factor for growth of the market.
Regional analysis of dry ice production equipment market
The dry ice production equipment market is expected to expand at a CAGR of 7.1% over the forecast period. On the basis of region, dry ice production equipment market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account for the largest market share over the forecast period, owing to increasing adoption and presence of key players in the region such as Cold Jet, Llc., and TOM CO2 Systems.
One of the major application of dry ice processing equipment is in airline catering industry to keep prepared meals fresh when transported from the airline catering kitchen to the airplane.
Key players in dry ice production equipment market
Key players operating in dry ice production equipment market include TOM CO2 Systems, Cold Jet, Llc., Ashirwad Carbonics Pvt Ltd., Asco Group Ltd, Alfred Karcher SE & CO. KG, Wuxi Yongjie Automation Equipment Co., Ltd., Otomotiv A.S., Aquila Triventek, ICS ice cleaning systems s.r.o, ICE sonic, Artimpex nv, Scilogex Llc, Kyodo international Inc., and Ziyang Sida Cryogenic Machine Co. Ltd among others.
Segmentation of dry ice production equipment market
Dry ice production equipment market is segmented on the basis of type, product type, application, and region.