Deicing Fluid Market

Deicing Fluid Market Overview

Global Deicing Fluid demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5% to be valued at US$ 8.8 Billion from 2022 to 2032. Growth is attributed to increased demand for silicone elastomers, especially across the automotive and construction industries.

De-icing fluids are critical chemicals used in the aviation industry in cold climates across the world. Rising demand for these fluids in North America, Europe, and Asia-Pacific is driving growth in the worldwide de-icing fluids market.

De-icing fluids are classed as Type I, Type II, Type III, and Type IV based on their composition as well as physical and chemical qualities. Increasing product awareness, continued aviation sector expansion, increased freight carrying via airways, and a growing number of strategic partnerships are expected to fuel growth in the worldwide de-icing fluids market through 2021.

Growth in the worldwide de-icing fluids market is expected to be supported by increased private-sector investments and supporting government measures to improve the aviation industry in key global countries. North America and Europe accounted for more than 85 percent of the worldwide de-icing fluids market, and both of these areas' dominance is likely to continue over the next five years.

Increasing R&D spending by firms operating in the worldwide de-icing fluids market is likely to result in the launch of new products and technologies in the coming years, which will have a favourable influence on the global de-icing market.

Which are Some Prominent Drivers Spearheading Deicing Fluid Market Growth?

Deicing fluid is used to remove ice and snow from a surface. Deicing fluids, which primarily consist of salts, glycols, and alcohols, reduce the freezing point of water. Mechanical deicing procedures such as scraping and pressing, as well as heat application, are also used. Using hoses or spray guns, deicing solution is sprayed on the surface. Deicing is employed in a variety of applications, including transportation, aviation, and consumer demands.

The need for deicing fluid is generally determined by a region's meteorological conditions. The need for deicing fluid is mostly driven by population increase and tourism in cold climates. The aviation industry leads worldwide demand for deicing fluid and has been a primary driver of market expansion.

Airports must be technologically modernized and equipped in order to accommodate the ever-increasing aviation traffic without disruptions or cancellations caused by weather conditions. This resulted in numerous airports introducing new facilities and technology, which are likely to expand de-icing operations globally.

Technology is constantly at the forefront of effective de-icing operations, and all airports and airlines spend much in cutting-edge technology that aids in efficient de-icing operations. New technologies and techniques for reusing de-icing fluid are projected to have a significant influence on the de-icing sector.

What are the Challenges Faced by the Deicing Fluid Industry?

Several deicing fluids induce corrosion and damage of applied surfaces, which has been a significant commercial limitation. The availability of low-cost substitutes, such as mechanical scraping and heating, has further slowed the expansion of the deicing fluid business.

Why is North America Emerging as an Opportunistic Deicing Fluid Market?

The North American region now has the largest market share and is expected to expand the most throughout the projected period. This is mostly due to increased passenger traffic and aircraft movements from airports in the United States. Because the region contains some of the busiest airports, there is a strong demand for effective and quick de-icing technologies. Because of the frequent storms and bad weather in the United States, icing on the aircraft's surface is common.

Due to blizzard weather conditions with cold and ice, US airlines cancelled more than 1,100 flights and grounded more than 3,000 planes in January 2018. Similarly, in January 2016, airlines cancelled over 6,300 flights throughout the country due to blizzard weather conditions with cold and ice. To deal with such scenarios, airports and airlines in North America are investing in stronger de-icing systems and infrastructure in order to minimize future delays and discomfort to customers.

Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

How is Europe Contributing to Growth of the Deicing Fluid Market?

According to Future Market Insights, Europe is expected to be the second-largest market over the projection period and to have the second-highest CAGR. There are various nations in the region that have adequate weather conditions. The emerging economies of Eurasia are likely to provide significant development opportunities for the industry. During the projected period, the market is likely to be driven by rising awareness in different emerging areas of Eastern Europe and Antarctica.

Market Competition

Some of the key participants present in the global Deicing Fluid market include The Dow Chemical Company, Kilfrost, E. I. du Pont de Nemours and Company, Henan Allrich Chemical Co., Ltd., Cre Chem Qingdao Limited, and Weifang Qiangyuan Chemical Industry Co., Ltd. among others.

Attributed to the presence of such high number of participants, the market is highly competitive.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Sign-Up

Report Scope

Key Segments Profiled in the Deicing Fluid Industry Survey

Type:

• Ethylene Glycol
• Propylene Glycol

Application:

• Commercial 
• Non Commercial

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa