A recent report published by Infinium Global Research on Anti-Icing coating market provides an in-depth analysis of segments and sub-segments in the global as well as regional Anti-Icing coating market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional Anti-Icing coating market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global Anti-Icing coating market. According to the report, the global Anti-Icing coating market is projected to grow at a CAGR of 21.2% over the forecast period of 2019-2025.
The icing of surfaces is a widespread problem that incurs high costs and impairs functionality and safety. Ice and frost pose hazards to people, can damage machines and reduce the functionality of some technologies, especially those related to energy and transportation. Icing can adversely affect aircraft, ships, rail vehicles, cars, roller shutters, cooling systems, and wind turbines. The Anti-Icing coating provides protection against atmospheric icing. The growing demand from aeronautical applications, the automotive industry, and wind energy plants for advanced materials that reduce ice adhesion are anticipated to result in high growth potential in the market.
The increased demand from the aviation industry primarily drives the demand for the Anti-Icing coating market. Aircraft icing poses an increasing threat to the safety of flight due to the damage of aerodynamic shape. Even aircraft equipped for flight into icing conditions are significantly affected by ice accumulation on the unprotected areas. According to the AOPA Air Safety Foundation accident database, 12% of the total weather accidents are caused due to icing. Furthermore, government bodies such as the US Department of Energy, the US Environmental Protection Agency, and NASA are funding and collaborating with researchers for the advancement of Anti-Icing technology. However, the Anti-Icing coatings available in the market have limited-time effects, which are likely to affect market growth. Moreover, the growing research on Anti-Icing coatings by adding variations to address the unmet needs are anticipated to improve and enhance the properties of these coatings and use it for abrasion resistance and as a finish coat.
Among the regions, Europe holds the largest share in the global Anti-Icing coating market. Geographically, the Europe region consists of most of the cold places in the world. This factor is fueling the growth of the Anti-Icing coating market in the European region. North America holds a significant share in the global Anti-Icing coating market owing to the presence of established aviation industry. Furthermore, the growing funding in the research and development of advanced coating products drives the growth of the North America Anti-Icing coating market.
The report on global Anti-Icing coating market covers segments such as substrate, and application. On the basis of substrate, the sub-markets include metal, glass, concrete, and ceramic. On the basis of application, the sub-markets include aircrafts & aviation, automobiles, marine, and rail.
The report provides profiles of the companies in the market such as PPG Industries, Inc., DowDuPont, Inc., NanoSonic Inc., 3M Company, Aerospace & Advanced Composites GmbH, NEI Corporation, Cytonix Corporation, NeverWet, LLC, HygraTek, LLC, Ecological Coatings LLC, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of Anti-Icing coating market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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