The global anti-icing coatings market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key drivers for the market growth include superior properties of anti-icing coatings, increased demand from emerged countries for protecting goods and products from ice, huge growth from end user industries and increasing demand for anti-icing agents from the cold climatic regions. However, factors such as strict government regulations and availability of substitute products are hindering the market growth.
Global anti-icing coatings market segmented on the basis of substrate, end user and region.
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Metals Dominate the Global Anti-icing Coatings Market
Based on substrate, global anti-icing coatings market segmented into metals, glass and concrete & ceramics. Metals held considerable market growth during estimated period owing to increasing demand for anti-icing coatings for wings and turbines of aircraft. In addition, they are similarly applied on metal substrates of locks of automobile & aircraft, tire rims and doors.
North America Leads the Global Anti-icing Coatings market
PBI’s global anti-icing coatings market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. North America accounted for larger revenue share in global anti-icing coatings market with considerable CAGR. The growth in this region can be attributed to huge investments in R & D for product up-gradation with innovative features and presence of several organizations in the region. In addition, Asia Pacific held considerable market share during estimated period owing to rising middle-class population together with growing per capita income. Also, APAC is likely to provide huge growth opportunity for the market in the coming years.
Strategic Developments are the key strategies adopted by market players
Global anti-icing coatings market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, in Oct 2017, PPG received EASA approval for windshield for HAWKER 800 series aircraft. Compared with the previous all-acrylic windshields, the new-design windshields offer superior scratch, abrasion and chemical resistance. They also have an improved, more reliable anti-ice heating system, higher visible light transmittance and improved precipitation-static drain.
Key player’s profiles in the report 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).
Precision Business Insights (PBI) in its report titled “Global Anti-icing Coatings Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Concrete & Ceramics
By End User
o Automotive & transportation
o Renewable Energy
o Communication Equipment
o North America
· Rest of Europe
· Australia & New Zealand
· ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
· South Korea
· Rest of Asia-Pacific
o Latin America
· Rest of Latin America
o Middle East and Africa (MEA)
· Gulf Cooperation Council (GCC) Countries
· South Africa
· Rest of MEA
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