Cooling Bricks Market Size (2023 – 2030)

In 2022, the Global Cooling Bricks Market was valued at USD 800 million and is projected to reach a market size of USD 1375.58 million by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 7.01%. Typically, phenolic foam is used to create Cooling Bricks that are strong, lightweight, and reusable. The bricks can be shielded by the foam from temperature variations outside and can't sublimate (transform abruptly from a solid to a gas) too soon. Phenolic foam is a safer alternative than some other insulating materials since it is non-flammable, has low smoke and toxicity levels, and is an excellent choice for Cooling Bricks. It also withstands exposure to a variety of chemicals and solvents and is moisture resistant.

Cooling brick work well to keep objects chilled while being transported or stored. Although cooling bricks might be more efficient for longer lengths of time, they pose safety risks and are not a green alternative. Ice foam blocks are a common option for home use because they are simple to use, reusable, and more environmentally friendly. 

Global Cooling Bricks Market Drivers:

Increase in Demand from the Pharmaceutical Industry is driving the market growth

The global market for cooling bricks is being driven by the escalating demand from the pharmaceutical industry. Cooling bricks are used to maintain the cold chain during transportation of pharmaceutical drugs in order to ensure their efficacy and safety. Demand for cooling bricks has increased as a result of the ageing population and the prevalence of chronic diseases as well as the demand for pharmaceutical products. The COVID-19 pandemic has raised the demand for pharmaceuticals, including vaccines, which has benefited the cooling brick markets.

Growth in the Food and Beverage Industry is boosting the market for cooling bricks

The growth of the food and beverage industry is a significant additional factor propelling the market for cooling bricks globally. Because they can keep a low temperature and lengthen the shelf life of food products, cooling bricks are frequently used in the shipping and storage of food and beverage items. Demand for cooling brick is arising as the food and beverage sector expands, particularly in emerging economies. Arising customer demand for chilled and frozen food products is another factor driving the industry's expansion. The popularity of online shopping and home delivery services has also increased demand for cooling blocks, which are used to maintain food products at the right temperature while being carried.

Global Cooling Bricks Market Challenges:

The global market for cooling bricks is facing considerable challenges due to growing environmental concerns. Phenolic foam, which is not biodegradable and takes hundreds of years to decompose, is the main component of cooling brick. Phenolic foam packaging alternatives are in greater demand as sustainability and environmental friendliness take on more significance. It requires a lot of energy to transport and store cooling bricks, which can raise greenhouse gas emissions. More sustainable and environmentally friendly packaging choices are therefore needed on the market.

Global Cooling Bricks Market Opportunities:

The development of the healthcare sector presents a significant market opportunity for cooling bricks worldwide. Temperature-controlled packaging solutions are becoming more and more necessary due to the expansion of biotechnology and medical research, as well as the rising demand for pharmaceutical products. For the transportation and storage of medical and laboratory materials that require low temperatures, cooling bricks can be employed. The growth and expansion of the market are greatly facilitated by the rise of the healthcare sector, particularly in emerging economies.

COVID-19 Impact on Global Cooling Bricks Market:

Global demand for cooling blocks has increased as a result of the COVID-19 outbreak. The requirement that COVID-19 immunisations be delivered and stored at extremely low temperatures has greatly increased demand for cooling bricks recently. The market has benefited from an increase in demand for cooling blocks brought on by the pharmaceutical industry's increased manufacture of vaccines. Cooling bricks cannot be produced because there are insufficient raw materials available as a result of supply chain and production process disruptions brought on by the outbreak, which has a negative effect on the market. Customers now face higher prices and longer lead times as a result of the supply chain disruptions that have been made worse by the increasing demand for these goods. Additionally, the pandemic has caused a change in consumer behaviour, with a preference for more environmentally friendly and sustainable packaging options, which could have a long-term detrimental effect on the market for cooling blocks.

COOLING BRICKS MARKET REPORT COVERAGE:

Segmentation Analysis

Global Cooling Bricks Market - By Type:

• Reusable
• Disposable

The market for cooling bricks can be divided into reusable and disposable items based on type. Due to its affordability and advantages for sustainability, which include lowering expenses over time and reducing waste, the reusable sector is anticipated to have a larger market share. The reusable market is expanding as a result of the expanding demand from the pharmaceutical and food and beverage industries for environmentally friendly packaging options. On the other hand, the disposable market is favoured for short-term use and applications where hygiene is an issue. Due to the requirement for the secure and hygienic delivery of medical supplies, the COVID-19 pandemic has further raised the demand for disposable cooling blocks. On the other hand, the long-term expansion of the reusable category is anticipated to be fuelled by the arising environmental concerns and the demand for sustainable packaging solutions.

Global Cooling Bricks Market - By Application:

• Pharmaceuticals
• Medical and Healthcare
• Consumer Goods
• Food Industry
• Others

The markets for cooling bricks for the pharmaceutical, medical, and healthcare, consumer goods, food sector, and other segments may be divided depending on the application. It is predicted that the pharmaceutical industry would hold the largest market share because to the rising demand for temperature-controlled packaging for the transportation and storage of drugs, vaccines, and other pharmaceutical items. It is also projected that the medical and healthcare industry will have a sharp surge in growth due to the increased demand for medical supplies and equipment that must be kept at specified temperatures. The demand for frozen foods and the ease of online grocery delivery are projected to drive growth in the consumer products sector. The food sector segment is predicted to grow as a result of the demand for temperature-controlled packaging for the transportation and storage of perishable food items. Applications in sectors like agriculture, chemicals, and electronics are part of the others section. The COVID-19 pandemic has fuelled the market's expansion by further raising demand for Cooling bricks in the pharmaceutical, medical, and healthcare sectors.

Global Cooling Bricks Market - By Region:

• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa

North America, Europe, Asia Pacific, and the Rest of the World are the regions into which the worldwide Cooling Bricks market is divided. Due to the existence of significant pharmaceutical and healthcare organisations and the rising need for environmentally friendly packaging options in the region, Asia-Pacific is predicted to hold the greatest market share. Due to the rising demand for temperature-controlled packaging for the transportation and storage of pharmaceuticals and food products, Europe is also anticipated to experience significant growth. Due to the arising demand for pharmaceuticals, healthcare products, and frozen food items as well as the expanding e-commerce sector, the North America area is predicted to grow at a large rate. The market for temperature-sensitive packaging solutions is predicted to increase moderately throughout regions like South America, the Middle East, and Africa. 

Global Cooling Bricks Market Key Players:

• Arctic Ice LLC
• Bent Grass Concepts
• Cryopak
• Custom Cold Packs
• GVS INTERNATIONAL
• Navagen Products Pvt. Ltd.
• Pitreavie Group
• Temperatsure LLC