Deicing Fluid Market Size to Reach US$2.815 billion, Globally, By 2030 at CAGR of 5.2%- IndustryARC
Research Reports
May 21, 2024
Deicing Fluid Market size is forecast to reach US$ 2.815 billion by 2030, after growing at a CAGR of 5.2% during 2024-2030. Deicing fluid is the procedure of removing ice, snow from a surface and lower the freezing point of water. Ethylene Glycol and Propylene Glycol are major compounds used for ant freezing substances and is commonly used as an aircraft deicer and as an automotive antifreeze solution. The cold climatic region has a higher demand for deicing fluid. It is widely used in aviation, transportation, and other facility management in cold region across the globe. The rate of increase in accidents and associated problems due to the accumulation of snow on aircraft are driving the market for deicing fluid in the forecasted period. The fluctuation in climatic changes is also incr easing the snowfall in cold countries which is further driving the demand for the deicing fluid market. The growing tourism activities in cold regions is one of the major factors driving the market for deicing fluid.
Deicing fluids are crucial for ensuring safe take off and landing of aircraft during winter months. They prevent ice formation on wings and other critical surfaces, improving aerodynamic performance and preventing accidents. They are used on roads, bridges, and other infrastructure to prevent ice accumulation and improve safety for motorists and pedestrians. Deicing fluids are used on walkways, driveways, and other areas around buildings to prevent slips and falls during winter weather. The deicing fluid market is expected to continue growing in the coming years, driven by increasing demand from various sectors and the development of more sustainable products.
Deicing Fluid Market Current and Future Trends:
Biodegradable Solutions: With increasing environmental concerns, there’s a growing demand for deicing fluids that are eco-friendly and biodegradable. Manufacturers are investing in research and development to create products that are effective in deicing while being less harmful to the environment.
Advanced Formulations: The market is witnessing a shift towards advanced formulations that offer better performance in extreme weather conditions. These formulations may include additives to improve effectiveness, reduce corrosion, and enhance safety.
Anti-Icing Technologies: Anti-icing technologies are gaining traction as a proactive approach to prevent ice formation rather than simply deicing after ice has formed. These technologies typically involve applying anti-icing fluids or coatings to surfaces to prevent the adhesion of ice.
Increased Demand in Aviation Sector: The aviation industry is a significant consumer of deicing fluids due to strict safety regulations. As air traffic continues to grow globally, especially in regions with colder climates, the demand for deicing fluids in the aviation sector is expected to increase steadily.
Shift Towards Sustainable Sourcing: There’s a growing emphasis on sustainable sourcing of raw materials for deicing fluids. Companies are exploring renewable sources and implementing sustainable practices in their supply chains to reduce their environmental footprint.
Technological Innovations: Advancements in technology, such as the development of new chemicals and application methods, are driving innovation in the deicing fluid market. This includes the use of sensors and data analytics for more precise application, as well as the integration of deicing systems into existing infrastructure for improved efficiency.
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Deicing Fluid MarketReport – Scope:
The Deicing Fluid Markethas been segmented By Product Type, By Fluid Type, By End-Use Industry, By Geography. The report provides insights into the market dynamics, including market drivers and challenges.
Deicing Fluid Market with top country data and analysis. The report also highlights the market potential, growth rates, and alternative relevant statistics.
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The top 10 players in the Deicing Fluid industry are:
- Clariant
- Dow Chemical Company
- Cryotech
- Kilfrost
- BASF SE
- Global Specialty Products USA
- Inland Technologies
- Vestergaard Company
- Proviron
- Aqeuos Solutions
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