Anti-icing Coatings Market Growth Analysis, Regional Outlook Forecast 2021-2027

Precision Business Insights published a research report on “Global Anti-icing Coatings Market: By Substrate (Metals, Glass and Concrete & Ceramics), By End User (Automotive & transportation, Renewable Energy, Communication Equipment, Construction and Others) and Geography- Global/Region/Country Forecast to 2027”. The global anti-icing coatings market was valued at US$ 590 Million in the year 2020 and expected to grow US$ 2114 Million at a CAGR of 20% over the forecast time span 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Global Anti-icing Coatings Market: By Substrate (Metals, Glass and Concrete & Ceramics), By End User (Automotive & transportation, Renewable Energy, Communication Equipment, Construction and Others) and Geography- Global/Region/Country Forecast to 2027”.

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Increasing Demand for Anti-icing Coatings from Aircrafts is Fueling the Market Growth
It becomes challenging to operate airplanes during winter conditions. For safe airplane operations, it becomes necessary to remove all the frost and ice and here comes the role of anti-icing agents. These agents increase the safety level to air travel. Ice on wings particularly during takeoff may be a serious safety hazard when an ice sheet and thickness of a compact disc can lessen lift by 25% or more. Using a deicing solution is the best approach to clear off the ice when the ice has built up in quantity. When applied to a dry surface, anti-icing agent has the potent to prevent the ice from forming a surface bond, which saves deicing time and money, as even preventing extreme utilization of chemical solvents. But, it serves as a usual deicing method, if the solution is not applied before ice gets formed.

There are a number of key factors fueling the market growth such as huge demand from the cold climatic regions for anti-icing agents, better properties of anti-icing coatings, huge growth from end user industries and growing demand from emerged economies to protect products and goods from ice. On the other hand, there are a few factors like availability of alternate products and strict government rules are hampering the growth of market.

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North America Accounts for larger Market Revenue Share in the Global Anti-icing Coatings market
North America accounted for larger revenue share in the global anti-icing coating market witnessing significant CAGR rate. This region is experiencing growth and driven by presence of numerous organizations in the region and big investments made in research and development for product up-gradation with pioneering features. Furthermore, Asia Pacific recorded significant market share during the anticipated period due to growing per capita income and middle-class population. Moreover, huge growth opportunity is provided for the market by APAC in the upcoming years.

Global Anti-icing Coatings market - Competitive Analysis
A few major players operating in the global anti-icing coatings market are PPG (US), DowDuPont (US), Fraunhofer (Germany), Battelle (US), CG2 Nanocoatings (Canada), Aerospace & Advanced Composites (Austria), Nanosonic (US), NEI Corporation (US), Cytonix (US) and NeverWet (US). Global anti-icing coatings market is surging due to the frequent launchings and acquisitions by the major players in the market. For example, PPG obtained EASA approval in Oct 2017 for windshield for HAWKER 800 series aircraft.

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