UK and UAE Dry Ice Market Growth Insights | 2030
The UK and UAE dry ice market was valued at US$ 37.38 million in 2022 and is projected to reach US$ 52.83 million by 2030; it is expected to record a CAGR of 5.5% from 2022 to 2030
MARKET ANALYSIS
The UK and UAE dry ice market has experienced notable growth in recent years, driven by increasing demand across various industries. Primarily composed of solid carbon dioxide, dry ice finds widespread applications in shipping and transportation, food preservation, and medical and pharmaceutical industries. The rise of e-commerce and the need for efficient cold chain logistics have significantly contributed to the surge in demand for dry ice, particularly in the transportation of perishable goods. Additionally, the healthcare industry’s reliance on dry ice for temperature-sensitive shipments, such as vaccines and medical samples, has further facilitated the expansion of the UK and UAE dry ice market share. As environmental concerns intensify, the eco-friendly nature of dry ice, which sublimates without leaving residues, has positioned it as a preferred cooling solution. Further, the UK and UAE dry ice market trends include ongoing technological advancements and evolving sustainability priorities across diverse industries.
GROWTH DRIVERS AND CHALLENGES
The logistics industry is proliferating and providing several opportunities for the UK and UAE dry ice market growth. Dry ice is used in transportation to maintain the temperature during the transmission of food, perishable goods, and pharmaceutical products.
Dry ice is crucial in food storage. Both restaurants and supermarkets use dry ice to keep food fresh in storage and for display in open containers. Dry ice helps to keep the food fresh for a long period and helps with the bacterial removal of mildew during food shipping. Food preparation and storage require strict regulations, due to which dry ice has been playing a major role in commercial kitchens, restaurants, and supermarkets. Dry ice is also used in freeze-drying. Freeze drying by dry ice happens at extremely low temperatures during sublimation; this is less damaging than other methods of dehydration, and it does not affect the appearance or flavor of food products. Freeze-dried products can be stored at room temperature for long periods without deterioration or spoilage. Thus, the rising demand for dry ice from the food and transportation industries is driving the UK and UAE dry ice market growth.
Dry ice evaporates and does not leave any water residue. This property of dry ice also helps in product storage in the medical industry. Dry ice is also used for storing pharmaceutical products such as organs, medical drugs, and test samples. Furthermore, doctors also use dry ice to store biological samples as they can be kept fresh for a long time. Dry ice is a cost-effective solution for specialized freezers or in case of a power outage. The airline industry also uses dry ice for in-flight catering, keeping food chilled or frozen until ready to serve. On-board aircraft do not have any mechanical refrigeration, and dry ice slices are used to preserve and maintain food temperature. As the dry ice sublimes, it leaves no residue to contaminate or compromise the quality of food. Thus, various advantages of dry ice for efficient storage and transportation contribute to the growing UK and UAE dry ice market size.
Dry ice cannot be stored for a long time as it sublimates within 18 to 24 hours. Dry ice is frozen carbon dioxide (CO2). In the dry ice manufacturing process, pure CO2 gas is first pressurized and cooled to turn it into a liquid. The liquefied CO2 is then fed into a dry ice production machine, where the pressure is released, a process that creates CO2 snow that is then compressed into pellets or blocks of dry ice. The surface temperature of dry ice is –109.3°F (–57°C). Above this temperature, dry ice sublimes, i.e., it turns directly into a gas without first becoming liquid. It is crucial to store dry ice carefully at a proper temperature. CO2 is about one and a half times heavier than air and can displace oxygen in small or enclosed spaces. Even a relatively small piece of dry ice can produce a large quantity of CO2 gas if it sublimes quickly. The inability of dry ice to be stored for a longer period creates storage problems, thereby restraining the expansion of the UK and UAE dry ice market.
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UK and UAE Dry Ice Market: Strategic Insights
Market Size Value in US$ 37.38 million in 2022 Market Size Value by US$ 52.83 million by 2030 Growth rate CAGR of 5.5% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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UK and UAE Dry Ice Market: Strategic Insights
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Market Size Value in | US$ 37.38 million in 2022 |
Market Size Value by | US$ 52.83 million by 2030 |
Growth rate | CAGR of 5.5% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "UK and UAE Dry Ice Market Report" is a specialized and in-depth study with a major focus on market trends and opportunities. The report aims to provide an overview of the market with detailed market segmentation based on type, application, and country. The report provides key statistics on dry ice use and demand in major countries. In addition, it presents a qualitative assessment of various factors affecting the dry ice market performance in major regions and countries. The report also includes a comprehensive dry ice market analysis of the leading market players and their key strategic developments. The UK and UAE dry ice market report analysis helps identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying major revenue shares. Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the market. This helps understand the entire supply chain and various factors affecting the UK and UAE dry ice market.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
SEGMENTAL ANALYSIS
The UK and UAE dry ice market is segmented on the basis of type and application. Based on type, the market is segmented into pellets, blocks, and others. The blocks system segment held a significant UK and UAE dry ice market share in 2022. The solid blocks of dry ice are commonly used for temporary refrigeration as carbon dioxide does not have a liquid state at normal atmospheric pressure and sublimates directly from the solid state to the gas state. Compared to pellets and slices with the same weight, a dry ice block has less surface area, and it takes longer to sublimate and lasts longer than other forms of the same weight. Dry ice blocks are ideal for cold jet blasting machines. The oilfield, for example, benefits greatly from the use of dry ice blocks and blasting, particularly in cleaning radiators.
By application, the UK and UAE dry ice market is segmented into food and beverages, storage and transportation, healthcare, industrial applications, and others. The storage and transportation segment dominates the UK and UAE dry ice market. Dry ice is widely used for shipping goods as it enables the export and import of perishables. Products that rely on dry ice include fish, flowers, and herbs. Storage of perishable foods such as meat and fish depends on cold storage to maintain their good condition over time.
![chemicals-and-materials](https://www.theinsightpartners.com/assets/rdimages/upcoming/chemicals-and-materials.jpg)
![RD Description](../assets/rdimages/uk-and-uae-dry-ice-market-img3.png)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
REGIONAL ANALYSIS
The report provides a detailed country overview of the UK and UAE dry ice market. The UK dominated the market in 2022. The dry ice market in the UK was valued at more than US$ 25 million in 2022. However, the market in the UAE is expected to register a significant CAGR from 2022 to 2030. Rapid industrialization coupled with urbanization in the UAE strongly influences the lifestyle pattern. The growing hotel industry in the UAE is positively favoring the market. Dry ice is used increasingly in the region to keep meat, seafood, and other frozen food products fresh, especially during transportation. The UAE is also witnessing a significant increase in sales of frozen food owing to the rising consumption of convenience food and the development of the e-commerce sector.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnerships, acquisitions, and new product launches are among the major strategies adopted by the players operating in the UK and UAE dry ice market. For instance, in July 2023, IREN Ambiente and Nippon Gases collaborated to commercialize biogenic CO2. With this collaboration, the company aims to strengthen its position in the carbon dioxide and dry ice market.
In April 2023, the Nippon Gases announced cooperation with VERBIO Vereinigte BioEnergie AG to focus on the purification and liquefaction of CO2. It also announced its plans to build a plant for the further processing of CO2 into dry ice.
IMPACT OF COVID-19 Pandemic
Lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in the UK and the UAE. The pandemic disturbed supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. These disruptions restricted the availability of raw materials and caused delays in production and increased costs, negatively impacting the UK and UAE dry ice market size.
The marketplace is recovering from the losses as governments of different countries have announced relaxation in the restrictions. Manufacturing activities are rebounding as countries gradually recover from the pandemic and vaccination efforts continue. Manufacturers are permitted to operate at full capacity to overcome the supply gap. Thus, the UK and UAE dry ice market is anticipated to witness strong growth during the forecast period.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Eco Green Dry Ice Services Oil & Gas Industries LLC, Dry Ice Dubai, Carbonic International FZCO, Saboo International FZC, Chillistick Ltd, Dry Ice Network (UK) Ltd, Nippon Gases UK Ltd, Ice N Ice, Dry Ice UK Ltd, and All About Ice Europe Ltd., are a few of the key players operating in the UK and UAE dry ice market.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Type, Application, and Country
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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The List of Companies - UK and UAE Dry Ice Market
1. Eco Green Dry Ice Services Oil & Gas Industries LLC
2. Dry Ice Dubai
3. Carbonic International FZCO
4. Saboo International FZC
5. Chillistick Ltd
6. Dry Ice Network (UK) Ltd
7. Nippon Gases UK Ltd
8. Ice N Ice
9. Dry Ice UK Ltd
10. All About Ice Europe Ltd.