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De-Icing Agents Market worth $3.17 billion by 2030, growing at a CAGR of 6.19% - Exclusive Report by 360iResearch

03-06-2024 07:49 AM CET | Chemicals & Materials

Press release from: 360iResearch

De-Icing Agents Market | 360iResearch

De-Icing Agents Market | 360iResearch

The "De-Icing Agents Market by Product Type (Propylene Glycol, Road Salt), Form (Liquid, Solid), Liquid Type, Application, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global De-Icing Agents Market to grow from USD 2.08 billion in 2023 to USD 3.17 billion by 2030, at a CAGR of 6.19%.

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De-icing agents are substances applied to surfaces, particularly roads, pavements, and aircraft, to prevent or reduce ice formation. Their primary objective is to lower the freezing point of water, thus preventing ice accumulation and facilitating its melting. These agents play a critical role in maintaining safety and operational efficiency in cold weather conditions by ensuring that transportation surfaces remain clear of ice and snow. Common de-icing agents include various salt-based compounds, such as sodium chloride, calcium chloride, and magnesium chloride, each with distinct characteristics suitable for different temperatures and environments. The growth of the de-icing agents is significantly influenced by seasonal demand in regions experiencing harsh winter climates. Increasing concerns about public safety, coupled with expansions in air travel and vehicular traffic, have necessitated the utilization of de-icing agents. Environmental considerations, including the potential harm to aquatic life and water quality from runoff, are prompting research into safer, eco-friendly alternatives. However, it can be difficult to manage the balance between efficacy and environmental impact. Furthermore, the development of resistance in ice formation, especially on road surfaces, also poses a technical challenge, necessitating ongoing research and innovation. However, key players are investing in research initiatives to improve the performance, efficiency, and functional attributes of de-icing agents. Investment in biodegradable alternatives and research into novel chemical compositions that offer lower toxicity levels are prime areas of innovation. Additionally, exploring synergies with emerging technologies such as IoT for smarter application systems and developing more efficient logistics and distribution models to handle the seasonal peaks are key to sustaining and expanding market presence.

In the Americas region, particularly the U.S. and Canada, the need for de-icing agents for road and aviation applications peaks during the winter months. Consumer need is driven by the necessity for safe transportation. States with heavy snowfall, such as those in the Midwest and Northeast, lead in need for de-icing agents. Recent patents highlight innovations in eco-friendly and efficient de-icing compounds. Significant investments in research are focused on reducing environmental impact while maintaining effectiveness. The European Union has stringent regulations on the use of de-icing chemicals, particularly concerning environmental protection. This has led to a strong landscape for innovative, eco-friendly de-icing solutions. The EU's Horizon 2020 program has funded research into next-generation de-icing technologies, highlighting a demand for green and efficient products. The Middle East, despite its predominantly arid climate, requires de-icing solutions for its growing aviation sector and in high-altitude areas. The APAC region features a varied landscape for de-icing agents, with countries demanding solutions for diverse applications. China's rapid urbanization and expansion of transportation infrastructure have propelled the demand for de-icing agents. The focus here is on cost-effective and scalable solutions, given the vast geographical area and varied climate conditions. Japan, with its technologically advanced economy, has been pioneering in developing innovative de-icing products and systems, particularly for railway networks and public infrastructure. While India's demand for de-icing agents is not as high as in other countries, the northern regions require solutions for winter conditions. The focus here is on cost-effective, easily deployable agents with growing interest in sustainable options.

Market Segmentation & Coverage:

This research report categorizes the De-Icing Agents Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Propylene Glycol and Road Salt. The Road Salt is further studied across Calcium Chloride, Magnesium Chloride, Potassium Chloride, and Sodium Chloride. The Road Salt is projected to witness significant market share during forecast period.

Based on Form, market is studied across Liquid and Solid. The Solid is projected to witness significant market share during forecast period.

Based on Liquid Type, market is studied across Type I, Type II, Type III, and Type IV. The Type IV is projected to witness significant market share during forecast period.

Based on Application, market is studied across Airport Runways & Taxiways, Road De-icing, and Sidewalks & Walkways. The Sidewalks & Walkways is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Automotive Sector, Aviation Industry, Industrial & Commercial Complexes, Municipal Services, and Residential Usage. The Municipal Services is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.20% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the De-Icing Agents Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the De-Icing Agents Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the De-Icing Agents Market, highlighting leading vendors and their innovative profiles. These include BASF SE, Cargill, Incorporated, Clariant Ltd., Compass Minerals International, Inc., DEUSA International GmbH, Eastman Chemical Company, Evonik Industries AG, Intrepid Potash, Inc., K+S Aktiengesellschaft, Kanto Chemical Industry Co., Ltd, LyondellBasell Industries N.V., Mitsui Chemicals, Inc., Nedmag B.V., Ninja De-Icer, Occidental Petroleum Corporation, OMEX Group, Qingdao Oceanview Chemical Inc., Shandong Haihua Group Co., Ltd., Solvay S.A., Tata Chemicals Limited, TETRA Technologies Inc., The Dow Chemical Company, Tianjin Changlu Haijing Group Co., Ltd., Warter Aviation S.A., and Zoutman.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. De-Icing Agents Market, by Product Type
7. De-Icing Agents Market, by Form
8. De-Icing Agents Market, by Liquid Type
9. De-Icing Agents Market, by Application
10. De-Icing Agents Market, by End-User
11. Americas De-Icing Agents Market
12. Asia-Pacific De-Icing Agents Market
13. Europe, Middle East & Africa De-Icing Agents Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the De-Icing Agents Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the De-Icing Agents Market?
3. What is the competitive strategic window for opportunities in the De-Icing Agents Market?
4. What are the technology trends and regulatory frameworks in the De-Icing Agents Market?
5. What is the market share of the leading vendors in the De-Icing Agents Market?
6. What modes and strategic moves are considered suitable for entering the De-Icing Agents Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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