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 an 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 the 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.