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Aircraft De Icing Fluids Market is projected to grow at a healthy rate over the next five years

04-16-2019 10:45 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Aircraft De Icing Fluids Market is projected to grow at a healthy

Launching announcement of a new research report on Aircraft De Icing Fluids Market which is projected to reach US$ 877.6 million in 2024- forecasted by Stratview Research. The study provides an in-depth analysis by Aircraft Type (Commercial Aircraft, Military Aircraft, General Aviation, and UAV), by Fluid Type (Type I, Type II, Type III, and Type IV), by Material Type (Propylene Glycol and Ethylene Glycol), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.

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

The Aircraft De-Icing Fluids Market: Highlights

Aircraft de-icing fluids play an important role in providing safe, uninterrupted, and timely air travel during the inclement weather conditions. Aircraft de-icing fluids 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 the external surfaces of an aircraft and reduce the freezing point of the water.

The type I de-icing fluids remove ice, snow, and frost layers from the external surfaces of the aircraft, whereas anti-icing fluids (Type II, Type III and Type IV) prevent the aircraft from further freezing the ice on its critical surfaces for a certain period of time. In recent past, there have been some aircraft accidents that have created a fear among the airlines for snow deposition on the aircraft surfaces when an aircraft is in the air. Different types of fluids are used for de-icing of different aircraft depending on the rotational speed and recommendation by the aircraft manufacturer.

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The aircraft de-icing fluids market is projected to grow at a healthy rate over the next five years to reach US$ 877.6 million in 2024. Rise in air passenger and cargo traffic, increasing construction of new airports & expansion of existing airports, rising accidents & problems 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 factors that are driving 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 the rising passenger traffic and an increasing fleet of commercial aircraft in the cold 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 the airlines in providing a 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. Type I fluids are generally used for removing the ice, snow, or frost layers from the critical surfaces of an aircraft such as wing’s leading edges, engine inlets, fuselage, and vertical fins. It provides very limited anti-ice protection and has a very short holdover time of 10 to 15 minutes.

These fluids are generally applied before applying type II, II, or IV type of fluids, the latter provides more holdover time and longer ice protection. Type I is the first step in de-icing of any aircraft. If an aircraft is de-iced with the only type I fluid, then it has just a short period of holdover time, i.e., to take-off only. 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. The propylene glycol-based de-icing fluids segment is projected to maintain its dominance in the market over the next five years. It is likely to grow at a higher 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 the 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 avoid the use of ethylene glycol. Ethylene glycol based de-icing fluid still found commercial applications in countries, such as Canada and Russia.

In terms of regions, North America is projected to remain the largest market for aircraft de-icing fluids during the forecast period, primarily driven by the USA. The country is the growth engine of the region’s market and has one of the largest fleets of aircraft across the world. Airbus, in its commercial aircraft outlook 2018-2037, stated that there will be total deliveries of 6,307 passenger and freighter aircraft in North America during 2018-2037.

The company also anticipated that there will be a total active fleet of 8,281 passenger and freighter aircraft in the region by 2037. The USA also has the largest fleet of regional aircraft, business jets, military aircraft, and UAVs, which further pledges the dominance of the USA in the global market.

Europe is projected to remain the second-largest market during the forecast period and is projected to witness the second-highest CAGR during the forecast period. Increasing aircraft fleet size and rising air passenger traffic in the colder regions are the major factors driving the demand for de-icing fluids in Europe. Clariant and Inland Technologies Inc. are the major players, which are based in Europe and supply de-icing fluid products to the major airlines of Europe. Airbus, as of 30 Nov. 2018, has a total order backlog of 7,337 commercial aircraft. The company is raising the production rate of its best-selling aircraft: A320 including neo and A350XW, order to meet the huge order backlog.

The supply chain of this market comprises raw material suppliers, de-icing fluid manufacturers, distributors, aircraft manufacturers, aircraft leasing companies, and airport authorities. The key aircraft de-icing fluid manufacturers are Clariant AG, DowDuPont Inc, Proviron Functional Chemicals NV, ADDCON GmbH, Aviation Xi-an High-Tech Physical Chemical Co., Ltd., Kilfrost Group Plc, Cryotech Deicing Technology, LNT Solutions, Inland Technologies, and Abax Industries SAS. The 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

The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.

Our services cover a broad spectrum of industries including Energy,
Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.

We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.

To browse through our range of reports in the Aerospace & Defence industry, refer to the following link:
https://www.stratviewresearch.com/market-reports/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.

400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
Email-sales@stratviewresearch.com

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