The dry ice industry is facing a critical supply-demand imbalance, with rapidly growing consumption putting increasing pressure on a carbon dioxide supply chain that is beginning to contract.
Demand for dry ice has risen steadily by around 5% per year over the past five years, according to Maura Garvey, President of Intelligas Consulting. Speaking during gasworld’s latest dry ice webinar, Garvey said the market has reached approximately 4,600 tonnes per day (equivalent to 1.25 million tonnes per year), largely driven by growth in blast cleaning, medical logistics and food transport.
But while dry ice volumes climb, CO2 availability is stagnating. “CO2 supply has only grown about half a percent per year,” said Garvey. “This is an issue for dry ice and the CO2 markets going forward.”
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