Taekyung Chemical Benefits from Increased Dry Ice Demand
[Asia Economy Reporter Hyungsoo Park] As the fresh food delivery market grows, Taekyung Chemical is benefiting.
On the 13th, KB Securities stated that with the growth of online dawn delivery and courier markets, the demand for dry ice is rapidly increasing, and they expect the performance of Taekyung Chemical, the No. 1 company in the domestic dry ice market share, to improve.
Seong Hyun-dong, a researcher at KB Securities, explained, "Taekyung Chemical is the leading company in the domestic dry ice market share," and "They have secured major customers such as Coupang, Market Kurly, Hello Nature, Oasis, Foodnamu, and Baskin Robbins."
He added, "The price per kg, which was around 173 KRW from 2015 to 2017, has risen to 243 KRW in 2020 and 261 KRW in the first quarter of 2021."
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Furthermore, he emphasized, "With the entry into the peak season for dry ice in summer, the pharmaceutical cold chain, entry into the semiconductor cleaning market, and increased demand for welding liquid carbon dioxide due to the recovery of shipbuilding orders, favorable prices are likely to continue."
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