Industrial Grade Dry Ice 2025 to Grow at 4.8 CAGR with 175.8 million Market Size: Analysis and Forecasts 2033

Key Insights

The global industrial grade dry ice market size was valued at 175.8 million in 2025 and is projected to grow at a CAGR of 4.8% during the forecast period from 2025 to 2033. The growing demand for dry ice in various applications, such as mold cleaning, pharmaceutical industry, printing industry, and refrigerated transport, is driving the market growth. Additionally, the rising awareness about the benefits of dry ice, such as its non-toxic nature and its ability to maintain temperatures for long durations, is contributing to the market expansion.

The market is segmented by type into brick dry ice, block dry ice, granular dry ice, and others. The block dry ice segment accounted for the largest share of the market in 2025 due to its wide usage in large-scale applications, such as transportation and industrial freezing. The granular dry ice segment is expected to exhibit the highest CAGR during the forecast period, owing to its increasing adoption in blast cleaning and laboratory applications. Geographically, Asia Pacific is the largest market for industrial grade dry ice, followed by North America and Europe. The growing demand for dry ice in the manufacturing and pharmaceutical industries in China and India is driving the market growth in the region.

Industrial Grade Dry Ice Trends

The global industrial grade dry ice market is projected to grow from USD 10 Million in 2023 to USD 15 Million by 2030, at a CAGR of 5.0% during the forecast period. The increasing demand for dry ice in various industries, such as food and beverage, healthcare, and transportation, is driving the market growth. Key market insights include:

• The food and beverage industry is the largest consumer of dry ice, accounting for over 50% of the global market.
• Dry ice is used in the food industry to preserve the freshness and quality of perishable food items, such as meat, fish, and poultry.
• The healthcare industry is another major consumer of dry ice, accounting for over 25% of the global market.
• Dry ice is used in the healthcare industry for the transportation of biological samples, vaccines, and other temperature-sensitive products.
• The transportation industry is also a major consumer of dry ice, accounting for over 15% of the global market.
• Dry ice is used in the transportation industry to keep perishable goods cold during transit.

Driving Forces: What's Propelling the Industrial Grade Dry Ice

The growth of the industrial grade dry ice market is being driven by a number of factors, including:

• The increasing demand for dry ice in the food and beverage industry.
• The growing healthcare industry, which is driving the demand for dry ice for the transportation of biological samples and vaccines.
• The increasing use of dry ice in the transportation industry to keep perishable goods cold during transit.
• The development of new and innovative applications for dry ice, such as in the cleaning of molds and dies.

Challenges and Restraints in Industrial Grade Dry Ice

The growth of the industrial grade dry ice market is being challenged by a number of factors, including:

• The high cost of dry ice production.
• The limited availability of dry ice in some regions.
• The safety hazards associated with the handling and storage of dry ice.

Key Region or Country & Segment to Dominate the Market

The Asia-Pacific region is the largest market for industrial grade dry ice, accounting for over 50% of the global market. The growth of the market in this region is being driven by the increasing demand for dry ice in the food and beverage industry.

The food and beverage industry is the largest segment of the industrial grade dry ice market, accounting for over 50% of the global market. The growth of this segment is being driven by the increasing demand for dry ice in the preservation of perishable food items.

Growth Catalysts in Industrial Grade Dry Ice Industry

The growth of the industrial grade dry ice market is being catalyzed by a number of factors, including:

• The development of new and innovative applications for dry ice.
• The increasing availability of dry ice in new regions.
• The growing awareness of the safety hazards associated with the handling and storage of dry ice.

Leading Players in the Industrial Grade Dry Ice

The leading players in the industrial grade dry ice market include:

• Linde [Rel="nofollow"]
• Air Liquide [Rel="nofollow"]
• Taiyo Nippon Acid [Rel="nofollow"]
• Iwatani [Rel="nofollow"]
• Messer Group [Rel="nofollow"]
• Lanzhou Yulong Gas [Rel="nofollow"]
• Polar Ice [Rel="nofollow"]

Significant Developments in Industrial Grade Dry Ice Sector

• In 2023, Linde announced the launch of a new dry ice production facility in China.
• In 2022, Air Liquide acquired the dry ice business of Messer Group.
• In 2021, Taiyo Nippon Acid announced the development of a new dry ice production process.

Comprehensive Coverage Industrial Grade Dry Ice Report

This report provides a comprehensive overview of the industrial grade dry ice market. It includes key market insights, driving forces, challenges and restraints, key region or country & segment to dominate the market, growth catalysts, leading players, and significant developments in the sector.

Industrial Grade Dry Ice Segmentation

• 1. Type
  • 1.1. Overview: Global Industrial Grade Dry Ice Consumption Value
  • 1.2. Brick Dry Ice
  • 1.3. Block Dry Ice
  • 1.4. Granular Dry Ice
  • 1.5. Others
• 2. Application
  • 2.1. Overview: Global Industrial Grade Dry Ice Consumption Value
  • 2.2. Mold Cleaning
  • 2.3. Pharmaceutical Industry
  • 2.4. Printing Industry
  • 2.5. Refrigerated Transport
  • 2.6. Others

Industrial Grade Dry Ice Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific