Dry Ice Pelletizer Market Size, Share, Growth, and Industry Analysis, By Type (Less than 200 Kg per Hour, 200-400 Kg per Hour and More than 400 Kg per Hour), By Application (Medical and Biotechnology, Food and Beverage, Automotive Industry, Industrial Manufacturing and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Dry Ice Pelletizer Market Report Overview

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The global dry ice pelletizer market size was USD 84 million in 2020 and is projected to touch USD 129.04 million by 2031, exhibiting a CAGR of 4.4% during the forecasting period.

A phase change in carbon dioxide is introduced by taking the liquid form and passing it through an expansion valve, allowing it to expand under atmospheric pressure, form into gas, and create dry ice snow. Dry ice machines come in a variety of different types, but they all fundamentally work in the same way (frozen carbon dioxide). The temperature decreases as a result of the heat of vaporisation brought on by the phase transition, which also enables the formation of dry ice snow. Either the extra CO2 gas is recovered and used again (in larger, more advanced production equipment) or it is released into the atmosphere (in smaller units with simpler designs and lower production outputs).

Pelletizers are a particular kind of dry ice producing device that, as the name implies, create dry ice pellets. Depending on their production capacity, which is commonly expressed in kg/hour or lbs/hour, pelletizers come in a variety of sizes. The specification for the CO2 inlet pressure, expressed in pressure units like bars or psi, may also be included in the production capacity. The footprint of the machine will be larger and more CO2 liquid will be used in the manufacturing of dry ice as production capacity increases. The production capacity and preferred dry ice style, which depend on the intended use, are mainly the deciding factors when choosing a model for use.

It is quite simple to understand how these machines work. The pelletizer machines feed liquid CO2 into a dry ice press, where it quickly expands and evaporates into a gas that cools to its freezing point of -109oF. (-78.3oC). A hydraulic piston is used to compress the dry ice and force it through an extruder plate or pellet die once the dry ice snow has formed. Varied pellet sizes can be formed using plates with different die opening dimensions, such as 1/8", 1", 3/8", 5/8", or 3". For blasting applications, smaller particle sizes may be employed, whereas bigger pellet sizes may be used for cooling. Typically, pellets are discharged into insulated containers that can be used to store or transport dry ice.

COVID-19 Impact: Diminished Investment During Pandemic to Hamper Market Growth

The spike in CAGR is attributed to the dry ice pelletizer market growth and demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with dry ice pelletizer experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

The market for dry ice pelletizers has been significantly impacted over the past two years as demand for dry ice has fallen as a result of the epidemic. Leading producers and manufacturers of dry ice pelletizer were adversely affected, which resulted in losses for investors and the global market. Due to low demand, the market also saw disruptions in the supply chain, which had an impact on the dentistry sector. Reduced investment in the dry ice pelletizer market's infrastructure has a significant influence on the sector.

LATEST TRENDS

"Better Substitute of Normal Ice to Enhance Market"

The growing demand for dry ice pellets as an alternative to conventional ice cubes and other frozen goods like slushies and snow cones is another element driving this industry. The ability to cool down the fastest among the three varieties of ice unquestionably belongs to dry ice. Blocks of ice and ice cubes cool in a manner that is remarkably similar.

Dry Ice Pelletizer Market Segmentation

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• By Type

Based on type; the market is divided into Less than 200 Kg per Hour, 200-400 Kg per Hour and More than 400 Kg per Hour.

In terms of product, less than 200 Kg per Hour is the largest segment.

• By Application

Based on application; the market is divided into medical and biotechnology, food and beverage, automotive industry, industrial manufacturing and others.

In terms of application, medical and biotechnology is the largest segment.

DRIVING FACTORS

"Decreased Danger of Spoilage to Propel Market Growth"

Due to their low temperature characteristics, dry ice pellets are utilised in a variety of industries, including the electrical, industrial, food, and commercial ones. This helps to preserve the items and lowers the danger of spoilage. Increased shelf live is a major factor to contribute to dry ice pelletizer market growth.

"Multiple Extruder Plates to Boost Market Growth"

A human changeover is necessary for some dry ice production machine models, while others have numerous extruder plates that can be changed automatically as needed. Dry ice pellets can be fed into specialised reformer machines, which can compress the pellets against a mould cavity to create dense dry ice blocks. This advanced dry ice pelletizer is anticipated to boost market growth.

RESTRAINING FACTORS

"Dangers Associated with Handling of Dry Ice to Restrain Market Growth. "

One of the key challenges faced by this market is that there are no standard specifications for dry ice pelletizers which makes it difficult to compare different models on a level playing field. Also, dry ice can be dangerous if not handled carefully because it can cause serious burns. Concerns concerning the safety of chemical and abrasive media are shared by both employees and customers. When the work is stopped, these risks might not always disappear. Dangers like chemical contact and abrasive dust may result in health hazards if appropriate mitigation techniques are not used.

Dry Ice Pelletizer Market Regional Insights

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"North America to Dominate Market Due to High Revenue Generation"

The North America region accounted for largest dry ice pelletizer market share in terms of revenue generation owing to its high adoption rate among end-users. Urbanization in this area is increasing the demand for the product, which will cause the area to provide a respectable level of growth in the next years. Significant factors influencing regional market expansion include low labour costs, simple availability to raw materials, and expanding development strategies to satisfy consumer demand.

KEY INDUSTRY PLAYERS

The research provides a comprehensive overview of the analysis of the important aspects of the dry ice pelletizer market, including sales value, sales volume, market revenue, and demand size, as well as sales growth, pricing analysis, and shifting regional market growth factors. The market participants and their relative positions within the machinable ceramic industry are discussed in the report. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials contains information on producers, locations, types, applications, sales channels, and distributors.

List of Market Players Profiled

• Cold Jet (U.S.)
• ASCO Group (U.K)
• Karcher (Germany)
• TOMCO2 Systems (Germany)
• Tooice (China)
• CO2 Air, Inc (U.S.)
• FREEZERCO2 (China)

REPORT COVERAGE

The report looks at the dry ice pelletizer market channels and gives details on the factors that could potentially affect future global development. The research also examines geographical trends, end-use categories, market segments, and market size and share. It emphasises how crucial it is to outline a thorough regional study. In order to understand the major market drivers and entry barriers, a sector analysis was also done as part of the global dry ice pelletizer market study. The study also makes recommendations for how companies should fortify their market positions in light of material changes in the market dynamics.