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Aircraft De-Icing Fluids Market Worth US$ 848.1 million in 2023

12-18-2018 10:44 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Aircraft De-Icing Fluids Market Worth US$ 848.1 million in 2023

Stratview Research announces the launch of a new research report on Aircraft De-Icing Fluids Market. This 219-page extensive report from Stratview Research, studies the aircraft de-icing fluids market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Click here to read the detailed description: https://www.stratviewresearch.com/350/Aircraft-De-Icing-Fluids-Market.html

This Aircraft De-Icing Fluids Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
● by Aircraft Type (Commercial, Military, and Others) – Commercial aircraft will remain the most dominant segment of the market.
● by Fluid Type (Type I, Type II, Type III, Type IV) – Type I will remain the most dominant and fastest-growing segment of the market
● by Material Type (Ethylene Glycol and Propylene Glycol)- Propylene glycol-based de-icing fluid will remain the dominant segment in the market.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Go through the detailed TOC: https://www.stratviewresearch.com/toc/350/Aircraft-De-Icing-Fluids-Market.html

Aircraft De-Icing Fluids Market Insights

Aircraft de-icing fluids play an important role in providing safe, uninterrupted, and timely air travel during the inclement winkle conditions. These are typically ethylene glycol and propylene glycol-based fluids, which also contain water, corrosion inhibitors, wetting agents, and dye. These fluids are formulated to assist in removing ice, snow, and frost layers from external surfaces of an aircraft and reduce the freezing point of water. De-icing fluids (Type I) remove ice, snow, and frost layers from external surfaces of an aircraft and anti-icing fluids (Type II, Type III and Type IV) prevent the aircraft from further freezing ice on its critical surfaces for a certain period of time. In the recent past, there have been some aircraft accidents that have created a fear among the airlines for snow deposition on aircraft surfaces when an aircraft is in the air. Different types of fluids are used for de/anti-icing of different aircraft, depending on its rotational speed and recommendation by the aircraft manufacturer.

Request a Sample here: https://www.stratviewresearch.com/Request-Sample/350/Aircraft-De-Icing-Fluids-Market.html

The aircraft de-icing fluids market is projected to grow at a healthy rate over the next five years to reach US$ 848.1 million in 2023. Rising air passenger and cargo traffic, construction of new airports & expansion of existing airports, rising accidents & problem associated with snow deposition on aircraft, expanding global tourism sector especially in colder regions, and increasing demand for eco-friendly and recyclable de-icing materials are the major growth factors that are burgeoning the demand for aircraft de-icing fluids. North America and Europe are the biggest demand generators for de-icing fluids with a combined share of more than two-thirds of the total market.

Based on the aircraft type, the market is bifurcated into Commercial Aircraft, Military Aircraft, General Aviation, and UAV. Commercial aircraft is likely to remain the most dominant segment of the market over the next five years. It is also likely to be the fastest-growing segment over the forecast period, mainly driven by rising passenger traffic and increasing fleet of commercial aircraft in colder regions, such as North America and Europe. In the winter season, thousands of the flights get canceled or delayed worldwide due to low temperature and icy weather conditions. It acts as a major bottleneck for airlines in providing better service to its customers along with an adverse impact on their profitability/margin.

Based on the fluid type, the market is segmented into Type I, Type II, Type III, and Type IV. Type I is likely to remain the most dominant and fastest-growing segment of the market during the forecast period. It is consumed in large quantities for de-icing of an aircraft because they are used for removing the ice and frost layers from external surface of the aircraft and their capability to provide limited anti-icing protection. Type III fluid holds the smallest share of the market, due to its limited use in most of the countries.

Based on the material type, the market is segmented into Propylene Glycol and Ethylene Glycol-based De-Icing Fluids. Propylene glycol-based de-icing fluid is projected to maintain its dominance in the market over the next five years. It is also likely to grow at the highest rate during the forecast period as well. Propylene glycol-based de-icing fluids are replacing ethylene glycol-based de-icing fluids, owing to their less toxic nature. Although ethylene glycol is a better heat transfer fluid than propylene glycol, it can adversely affect the environment due to its inappropriate disposal on runways at airports. It may enter waterways and may affect the flora and fauna in the surrounding environment. Most of the airports worldwide prefer to use propylene glycol-based de-icing fluids and avoids the usage of ethylene glycol. Ethylene glycol based de-icing fluid still found commercial applications in countries, such as Canada and Russia.

Based on regions, North America is projected to remain the largest market for aircraft de-icing fluids during the forecast period primarily driven by the USA, as it is the growth engine of the region’s market and has one of the largest fleets of aircraft across the world. Growing aircraft fleet size and rising passenger traffic are likely to further boost the overall demand for aircraft de-icing fluids in the region’s market in the foreseeable future. It is also
projected to witness the highest growth during the forecast period as well.

The supply chain of this market comprises raw material suppliers, de-icing fluid manufacturers, distributors, aircraft manufacturers, and airport authorities. Key aircraft de-icing fluid manufacturers are Clariant AG, The Dow Chemical Company, Kilfrost Group Plc, Cryotech Deicing Technology, LNT Solutions, Inland Technologies, Abax Industries SAS, and Proviron Functional Chemicals NV. Development of non-toxic and recyclable aircraft de-icing fluids and collaboration with customers are some of the most common strategies adopted by the major players in order to remain competitive in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Click Here for Other Reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market/report/Aerospace-Defense.html

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

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