Solid Carbon Dioxide Market Size, Share & Growth Statistics Report to 2030

Solid Carbon Dioxide Market Size, Share, Growth Trends, Industry Analysis and Forecast to 2030

Report ID: RC145396 | Report Format: PDF + Excel | Last Updated: September 3rd, 2025

The global solid carbon dioxide market size was valued at around USD 1.5 billion in 2024 and estimated to register a significant growth rate of over 5% during the forecast period from 2025 to 2030. The increasing use of refrigerants in the food and shipping industry and the growing demand for frozen food are some major factors to drive the market growth. Furthermore, the increasing healthcare transportation for drug molecules and biological samples are some other major factors to fuel the market growth. The healthcare transportation service industry is accounted to grow at a significant CAGR of over 4% in next upcoming years.

In addition, the rising demand for frozen food across the globe is expected to propel the solid carbon dioxide market over the forecast period. The frozen food market is expected to grow at a CAGR of over 3.5%, which is in turn, expected to increase the demand for solid carbon dioxide market in the next upcoming years.

Report Attributes:

Benchmark Year		2024
Market Size		~ USD 1.5 Billion in 2024
Market Growth (CAGR)		> 5% (2025-2030)
Largest Market Share
Analysis Period		2020-2030
Market Players		Continental Carbonic Products, Inc. (Matheson), Yara International ASA, Praxair Technology, Inc., Aquila Triventek A/S, and Artimpex NV

Solid Carbon Dioxide Market Drivers:

The solid carbon dioxide (Dry Ice) market is primarily driven by the expanding demand for cold chain logistics across food, beverage, and pharmaceutical industries. Dry ice is widely used for preserving and transporting perishable goods, frozen foods, and beverages due to its superior cooling capacity and ability to maintain low temperatures without leaving behind water residue. The growing popularity of ready-to-eat meals, frozen food products, and online grocery deliveries is significantly increasing the consumption of dry ice. Additionally, the rising demand for vaccines, biologics, and other temperature-sensitive pharmaceutical products, especially highlighted during the COVID-19 pandemic, continues to strengthen its importance in the healthcare supply chain.

Another major driver is the increasing adoption of eco-friendly and cost-effective cooling solutions in industrial and commercial sectors. Solid carbon dioxide is valued as a non-toxic and non-combustible refrigerant alternative, making it attractive in industries such as aerospace, manufacturing, and entertainment. Its application in dry ice blasting for cleaning machinery and equipment is also gaining traction due to its efficiency and environmental advantages over chemical cleaning methods. Furthermore, rising industrialization in emerging economies and growing awareness of sustainable cooling solutions are expected to provide strong momentum for market growth.

Industry Trends Shaping the Solid Carbon Dioxide Market:

The solid carbon dioxide market is seeing a clear trend toward the increasing use of dry ice in pharmaceutical and healthcare logistics, particularly for the storage and transportation of vaccines, biologics, and clinical samples. The global emphasis on maintaining robust cold chain infrastructure has significantly boosted demand for dry ice as a reliable cooling agent. With the rise of personalized medicine and cell and gene therapies, which require stringent temperature controls, dry ice is expected to play an even more critical role in pharmaceutical distribution. This trend is further supported by technological advancements in insulated packaging and distribution systems designed to extend dry ice performance.

Another key trend is the growing adoption of dry ice in industrial cleaning and manufacturing applications, particularly in dry ice blasting. This method is gaining popularity as a sustainable, non-abrasive, and chemical-free cleaning process used across industries such as aerospace, automotive, food processing, and electronics. At the same time, demand from the food & beverage industry continues to rise, fueled by increasing consumption of frozen and packaged foods and the expansion of e-commerce grocery delivery. Moreover, companies are focusing on expanding production capacity and investing in more efficient distribution networks to meet the rising demand, especially in emerging markets where industrialization and cold chain infrastructure are rapidly developing.

Solid Carbon Dioxide Market Opportunities:

The solid carbon dioxide (Dry Ice) market offers significant opportunities in the rapidly expanding cold chain logistics sector, particularly in food & beverages and pharmaceuticals. As global trade in perishable goods and temperature-sensitive products continues to grow, the need for reliable and cost-effective cooling solutions is increasing. With the rise of online grocery platforms, frozen food demand, and the expansion of pharmaceutical distribution networks, especially for biologics and vaccines, dry ice stands out as a critical enabler of supply chain efficiency. Companies that invest in improving distribution channels and localized production facilities can capitalize on this growing demand.

Another major opportunity lies in the increasing adoption of dry ice in industrial and environmental applications. Dry ice blasting is gaining traction as a sustainable cleaning method across industries such as aerospace, automotive, and electronics, due to its ability to reduce downtime, avoid secondary waste, and eliminate the use of harsh chemicals. Additionally, the growing emphasis on eco-friendly solutions and regulatory push for greener industrial practices create room for dry ice to replace conventional cleaning and cooling methods. Expanding applications in research laboratories, event management (for special effects), and small-scale logistics further broaden the opportunity landscape, making the market attractive for both established players and new entrants.

Market Segments Insights:

The global solid carbon dioxide market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into dry ice pellets, dry ice blocks, and others. The dry ice pellets segment is accounted to hold the largest market share and expected to maintain its dominance over the forecast period. The increasing use of dry ice in the research institutes and hospitals to store and deliver drugs has contributed to the segment growth. Furthermore, the dry ice blocks segment is expected to grow at a significant growth rate due to the increasing demand in the food processing industry. It is used for the preservation and storage of frozen food.

On the basis of application, the solid carbon dioxide market is divided into its sub-segments healthcare, food processing, transportation, and others. The healthcare segment is expected to grow at a sustainable growth rate due to its increasing demand in the pharmaceutical industry for transporting biological samples and temperature-sensitive drug molecules. Furthermore, the food processing segment is accounted to hold s significant market share and expected to grow at a rampant growth rate over the forecast period.

The solid carbon dioxide comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2025 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Solid Carbon Dioxide Market Segmentation:

By Type:

Dry Ice Pellets
Dry Ice Blocks
Others

By Application:

Healthcare
Food Processing
Transportation
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, the solid carbon dioxide market report comprises dedicated sections centering on the regional market revenue and trends. The market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. The market estimates have also been provided for the historical years along with forecasts for the period from 2025 – 2030.

Solid Carbon Dioxide Market Competition Assessment:

Key players operating in the global Solid Carbon Dioxide market are Continental Carbonic Products, Inc. (Matheson), Yara International ASA, Praxair Technology, Inc., Aquila Triventek A/S, and Artimpex NV. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Continental Carbonic Products, Inc. (Matheson)
Yara International ASA
Praxair Technology, Inc.
Aquila Triventek A/S
Artimpex NV
Dry Ice Corp.
Dry Ice UK Ltd.
Linde Industrial Gases
Air Liquide
Mastro Ice

Key Questions Answered by Solid Carbon Dioxide Market Report:

Global Solid Carbon Dioxide market forecasts from 2025-2030
Regional Solid Carbon Dioxide market forecasts from 2025-2030 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
Country-level forecasts from 2025-2030 covering 15 major countries from the aforementioned regions
Solid Carbon Dioxide submarket forecasts from 2025-2030 covering the market by type, by application, and geography
Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the market
Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2025-2030
Competitive Landscape and market positioning of top 10 players operating in the market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Solid Carbon Dioxide Market Portraiture
2.2. Global Solid Carbon Dioxide Market, by Type, 2020 (USD Mn)
2.3. Global Solid Carbon Dioxide Market, by Application, 2020 (USD Mn)
2.4. Global Solid Carbon Dioxide Market, by Geography, 2020 (USD Mn)

3. Global Solid Carbon Dioxide Market Analysis

3.1. Solid Carbon Dioxide Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

4. Global Solid Carbon Dioxide Market By Type, 2018 – 2027 (USD Mn)

4.1. Overview
4.2. Dry Ice Pellets
4.3. Dry Ice Blocks
4.4. Others

5. Global Solid Carbon Dioxide Market By Application, 2018 – 2027 (USD Mn)

5.1. Overview
5.2. Healthcare
5.3. Food Processing
5.4. Transportation
5.5. Others

6. North America Solid Carbon Dioxide Market Analysis and Forecast, 2018 – 2027 (USD Mn)

6.1.1. Overview
6.1.2. North America Solid Carbon Dioxide Market by Type (2018-2027 USD Mn)
6.1.3. North America Solid Carbon Dioxide Market by Application (2018-2027 USD Mn)
6.1.4. North America Solid Carbon Dioxide Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.2. Canada

7. Europe Solid Carbon Dioxide Market Analysis and Forecast, 2018 – 2027 (USD Mn)

7.1.1. Overview
7.1.2. Europe Solid Carbon Dioxide Market by Type (2018-2027 USD Mn)
7.1.3. Europe Solid Carbon Dioxide Market by Application (2018-2027 USD Mn)
7.1.4. Europe Solid Carbon Dioxide Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.2. U.K.
7.1.4.3. France
7.1.4.4. Italy
7.1.4.5. Rest of Europe

8. Asia Pacific Solid Carbon Dioxide Market Analysis and Forecast, 2018 – 2027 (USD Mn)

8.1.1. Overview
8.1.2. Asia Pacific Solid Carbon Dioxide Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Solid Carbon Dioxide Market by Application (2018-2027 USD Mn)
8.1.4. Asia Pacific Solid Carbon Dioxide Market by Country (2018-2027 USD Mn)
8.1.4.1. China.
8.1.4.2. Japan
8.1.4.3. Rest of Asia Pacific

9. Latin America (LATAM) Solid Carbon Dioxide Market Analysis and Forecast, 2018 – 2027 (USD Mn)

9.1.1. Overview
9.1.2. Latin America Solid Carbon Dioxide Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Solid Carbon Dioxide Market by Application (2018-2027 USD Mn)
9.1.4. Latin America Solid Carbon Dioxide Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.2. Mexico
9.1.4.3. Rest of Latin America

10. Middle East and Africa Solid Carbon Dioxide Market Analysis and Forecast, 2018 – 2027 (USD Mn)

10.1.1. Overview
10.1.2. MEA Solid Carbon Dioxide Market by Type (2018-2027 USD Mn)
10.1.3. MEA Solid Carbon Dioxide Market by Application (2018-2027 USD Mn)
10.1.4. Middle East and Africa Solid Carbon Dioxide Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.2. Rest of MEA

11. Company Profiles

11.1. Continental Carbonic Products, Inc. (Matheson)
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Yara International ASA
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Praxair Technology, Inc.
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Aquila Triventek A/S
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Artimpex NV
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Dry Ice Corp.
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Dry Ice UK Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Linde Industrial Gases
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Air Liquide
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Mastro Ice
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis

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List of Tables:

TABLE 1 Market Snapshot: Global Solid Carbon Dioxide Market

TABLE 2 Impact Indicators

TABLE 3 Impact Analysis of Drivers and Challenges

TABLE 4 Global Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 5 Global Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 6 North America Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 7 North America Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 8 North America Solid Carbon Dioxide Market Value, By Country, 2018 - 2027 (US$ Mn)

TABLE 9 U.S. Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 10 U.S. Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 11 Canada Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 12 Canada Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 13 Europe Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 14 Europe Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 15 Europe Solid Carbon Dioxide Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 16 Germany Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 17 Germany Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 18 U.K. Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 19 U.K. Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 20 France Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 21 France Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 22 Italy Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 23 Italy Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 24 Rest of Europe Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 25 Rest of Europe Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 26 Asia Pacific Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 27 Asia Pacific Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 28 Asia Pacific Solid Carbon Dioxide Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 29 Japan Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 30 Japan Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 31 China Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 32 China Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 33 Rest of Asia Pacific Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 34 Rest of Asia Pacific Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 35 Latin America Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 36 Latin America Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 37 Latin America Solid Carbon Dioxide Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 38 Brazil Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 39 Brazil Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 40 Mexico Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 41 Mexico Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 42 Rest of Latin America Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 43 Rest of Latin America Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 44 Middle East & Africa Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 45 Middle East & Africa Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 46 Middle East & Africa Solid Carbon Dioxide Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 47 GCC Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 48 GCC Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 49 Rest of MEA Solid Carbon Dioxide Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 50 Rest of MEA Solid Carbon Dioxide Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 51 Continental Carbonic Products, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 52 Yara International ASA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 53 Praxair Technology, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 54 Aquila Triventek A/S: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 55 Artimpex NV: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 56 Dry Ice Corp.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 57 Dry Ice UK Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 58 Linde Industrial Gases: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 59 Air Liquide: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 60 Mastro Ice: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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List of Figures:

FIG. 1 Global Solid Carbon Dioxide: Market Segmentation

FIG. 2 Global Solid Carbon Dioxide Market: Research Methodology

FIG. 3 Top-Down and Bottom-up Approach

FIG. 4 Global Solid Carbon Dioxide Market, by Type, 2019 (US$ Mn)

FIG. 5 Global Solid Carbon Dioxide Market, by Application, 2019 (US$ Mn)

FIG. 6 Global Solid Carbon Dioxide Market, by Geography, 2019 (US$ Mn)

FIG. 7 Global Solid Carbon Dioxide Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

FIG. 8 Attractive Investment Proposition, by Geography, 2017

FIG. 9 Market Positioning of Key Solid Carbon Dioxide Providers, 2019

FIG. 10 Global Solid Carbon Dioxide Market Value Share, by Type, 2018 & 2027 (%)

FIG. 11 Global Solid Carbon Dioxide Market Value for Dry Ice Pellets, 2018 - 2027, (US$ Mn)

FIG. 12 Global Solid Carbon Dioxide Market Value for Dry Ice Blocks, 2018 - 2027, (US$ Mn)

FIG. 13 Global Solid Carbon Dioxide Market Value for Others, 2018 - 2027, (US$ Mn)

FIG. 14 Global Solid Carbon Dioxide Market Value Share, by Application, 2018 & 2027 (Value %)

FIG. 15 Global Solid Carbon Dioxide Market Value for Healthcare, 2018 - 2027, (US$ Mn)

FIG. 16 Global Solid Carbon Dioxide Market Value for Food Processing, 2018 - 2027, (US$ Mn)

FIG. 17 Global Solid Carbon Dioxide Market Value for Transportation, 2018 - 2027, (US$ Mn)

FIG. 18 Global Solid Carbon Dioxide Market Value for Others, 2018 - 2027, (US$ Mn)

FIG. 19 North America Solid Carbon Dioxide Market Value, 2018 - 2027, (US$ Mn)

FIG. 20 Europe Solid Carbon Dioxide Market Value, 2018 - 2027, (US$ Mn)

FIG. 21 Asia Pacific Solid Carbon Dioxide Market Value, 2018 - 2027, (US$ Mn)

FIG. 22 LATIN America Solid Carbon Dioxide Market Value, 2018 - 2027, (US$ Mn)

FIG. 23 Middle East & Africa Solid Carbon Dioxide Market Value, 2018 - 2027, (US$ Mn)

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