Deicing Fluid Market Segments, Top Key Players, Drivers And Trends 2022

According to Precision Business Insights (PBI), the latest report, the deicing fluid market is expected to be worth USD 5,465.4 million in 2022, growing at a 9.1% CAGR from 2022 to 2028. The primary driver of the expansion of the global Deicing Fluid market is increasing applications in various sectors such as transportation and in the aviation industry as well as increasing demand in cold weather regions.

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Aviation Industry Segment to Dominate the Deicing Fluid Market:
The Aviation Industry segment is expected to expand with considerable revenue share in the global deicing fluid market owing to increasing aircraft fleet size and rising traveller's traffic. In cold areas, ice or snow hinders the even operation of aircraft. De-icing fluids help in the elimination of ice or snow from surfaces. Thus, these fluids are mostly used in the aviation industry. De-icing fluids are mainly used in automobile cooling systems, as reducing the freezing of cooling fluids provides better efficiency and get lesser chances of a breakdown in cold areas. The deicing fluid market creates innovation in the products with eco-friendly minds that will surely expand the market in this aviation sector segment.

North America Deicing Fluid Market:
The North America market holds the largest market share at the current time and is expected to expand the global Deicing Fluid market over the forecast period. This is attributable to increasing passenger traffic and aircraft movements from airports in the specifically developed regions of North America. Because the region has some of the busiest airports, there is a robust demand for effective and rapid de-icing technologies.
Fluctuations in weather conditions, that is regular storms and snowy weather conditions in the United States, and Canada's requirement of deicing on the aircraft's surface is common. North America is making huge investments in better performing de-icing systems and infrastructure to overcome such circumstances, like as high storms and extreme cold situations. Europe is also witnessing the second largest share in the deicing market owing to rising tourism and population in cold countries.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Deicing Fluid market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

The deicing fluid market is segmented based on fluid type, end user, and geography.
Based on the fluid type, the market is segmented into the following:
• Propylene Glycol
• Ethylene Glycol

Based on the end user, the market is segmented into the following:
• Aviation
• Automotive
• Transportation
• Industrial
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the deicing fluid market report are Abax Industries SAS, Dow, Clariant AG, Henan Tianfu Chemical Co., Ltd, Proviron Functional Chemicals NV, LNT Solutions, Kilfrost Group Plc, Inland Technologies, and Cryotech Deicing Technology.

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