In the last few years, dry ice stocks have been booming. With an increase in consumer demand and an increase in production, there is no question that it is a viable industry. But with this growth, there is also a lot of speculation as to which dry ice companies are most likely to succeed and grow with the market. This is very important for investors since there are limited ways to invest in this sector.
But before jumping on the “Best Dry Ice Stocks List” and adding some investments to your portfolio, make sure you understand the industry. If you don’t know then here is the quick intro…
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What is Dry Ice?
Dry ice is a form of solid carbon dioxide (CO2) that is extremely cold with -109.3 degrees Fahrenheit. The carbon dioxide gas freezes in contact with air, leaving dry ice as a solid, feels like plastic foam, does not melt into a liquid as normal ice does, and eventually becomes gas again upon thawing.
It exists as a monocrystalline or polycrystalline mass which is used in many things like Food Industry, Deep Cleaning, Medical Industry, Scientific & Industrial Processes, Refrigerant & ingredients in chemical production, and as well as special effects.
For example, if Government wants to ship something across the country, like Covid-19 Vacation then it should pack it in dry ice. It will be frozen when it reaches its destination, and there will be no messy liquid leftover like you would have with normal ice.
Top 3 Dry Ice Stocks (2023-24)
Industry estimates show that the global market for gaseous carbon dioxide will reach a 1.5x level in the next few years. That’s a tempting number for investors to get behind, with an increasing number of companies making their way into the market in search of profits.
You can look at this in two ways: Either you’re getting in early on the next big trend, or you’re investing in something not many people know about yet.
| Stock | Price | Marketcap | Change | Change % | Volume | Chart (5D) | Sector | Industry | Country | 52 Week Range | Company |
|---|---|---|---|---|---|---|---|---|---|---|---|
Linde plc LIN | $374.4 | 182.7B | $2.2 | 0.58% | 39,744 | Basic Materials | Specialty Chemicals | United Kingdom | Linde plc | ||
Air Products and Chemicals, Inc APD | $289.0 | 64.2B | $0.645 | 0.22% | 23,679 | Basic Materials | Specialty Chemicals | United States | Air Products and Chemicals, Inc | ||
AIR LIQUIDE(L') ADR-EACH CNV IN AIQUY | $33.6 | 88.2B | $0.32 | 0.94% | 612 | Basic Materials | Specialty Chemicals | France | AIR LIQUIDE(L') ADR-EACH CNV IN |
(Top 2 companies are also included in S&P 500 List and have good rank…)
Industry analysts and those who are bullish on the dry ice industry usually point to the Covid-19 Pandemic which increase demand as well as production.
However, this is not the complete truth. Let us look at the long-term chart of these stocks to see how good they are. These stocks are giving really good returns, and it’s going to be even better over the next few years.
Top 7 Dry Ice ETF’s (2023-24)
If you don’t want to invest directly in stock then you can go with high-weighted Dry Ice ETF’s which are more secure.
| Stock | Price | Change | Change % | 52 Week Range | Volume | Type |
|---|---|---|---|---|---|---|
 Materials Select Sector SPDR XLB | $78.8 | $0.15 | 0.19% | 498,697 | ETF | |
 ProShares Ultra Materials UYM | $21.6 | $0.1 | 0.46% | 1,604 | ETF | |
 Fidelity MSCI Materials Index E FMAT | $44.0 | $0.35 | 0.79% | 466 | ETF | |
 Vanguard Materials ETF VAW | $173.1 | $0.8926 | 0.51% | 4,528 | ETF | |
 iShares U.S. Basic Materials ET IYM | $126.3 | $0.6316 | 0.50% | 4,322 | ETF | |
 iShares Global Materials ETF MXI | $78.5 | $0.3137 | 0.40% | 1,986 | ETF | |
 John Hancock Multifactor Materi JHMA | $40.7 | $0.1465 | 0.36% | 2 | ETF |
Frequently Asked Questions
Dry ice is a form of solid carbon dioxide (CO2) that is extremely cold with -109.3 degrees Fahrenheit. Which is used in many things like Food Industry, Deep Cleaning, and Medical Industry.
Here are the top manufacture of Dry ICE:
1 Linde (Guildford, UK, 1879)
2 Air Liquide (Paris, France, 1902)
3 Air Water (Osaka, Japan, 2000)
4 Air Products and Chemicals (LeHigh Valley, PA, 1940)
5 Messer Group (Bad Soden, Germany, 1898)
6 SOL Group (Monza, Italy, 1927)
7 Taiyo Nippon Sanso (Tokyo, Japan, 1910)
8 India Glycols (Noida, India, 1983)
9 Gulf Cryo (Dubai, UAE, 1953)
10 Kaimeite Gases (Yueyang City, China, 1991)
If you’re considering investing in stock, then it’s important to understand that dry ice is still relatively new and maybe too volatile to be the best choice.
LIN – Linde PLC (Grade A)
APD – Air Products and Chemicals, Inc. (Grade B)
SMN – ProShares UltraShort Basic Materials (26.5 Weight) Grade F
Desclaimer ✋
The information included at this site is for educational purposes only and is not intended to be a substitute for investment advice. An investor may get back less than the amount invested. Information on past performance, where given, is not necessarily a guide to future performance. So invest carefully…
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