Aircraft De-Icing Fluids Market is Projected to be Worth US$ 848.1 Million in 2023


Posted August 24, 2018 by Stratview-Resesarch

In the recent past, there have been some aircraft accidents that have created a fear among the airlines for snow deposition on aircraft surfaces when an aircraft is in the air.

 
As per an indepth study conducted by Stratview Research, the global aircraft de-icing fluids market is projected to grow at a healthy rate over the next five years to reach US$ 848.1 million in 2023. Rising air passenger and cargo traffic, construction of new airports & expansion of existing airports, rising accidents & problem associated with snow deposition on aircraft, expanding global tourism sector especially in colder regions, and increasing demand for eco-friendly and recyclable de-icing materials are the major growth factors that are burgeoning the demand for aircraft de-icing fluids. North America and Europe are the biggest demand generators for de-icing fluids with a combined share of more than two-thirds of the total market.

The research’s findings suggest that commercial aircraft is likely to remain the most dominant segment of market over the next five years. It is also likely to be the fastest-growing segment during the forecast period, mainly driven by rising passenger traffic and increasing fleet of commercial aircraft in colder regions, such as North America and Europe.

Amongst the various fluid types, Type I is likely to remain the most dominant and fastest-growing segment of the market during the forecast period.

Based on the material type, propylene glycol-based de-icing fluid is projected to maintain its dominance in the market over the next five years. It is also likely to grow at the highest rate during the forecast period as well. Propylene glycol-based de-icing fluids are replacing ethylene glycol-based fluids, owing to their less toxic nature.

As per the study, North America is projected to remain the largest market for aircraft de-icing fluids during the forecast period primarily driven by the USA, as it is the growth engine of the region’s market and has one of the largest fleets of aircraft across the world. It is also projected to witness the highest growth during the forecast period.


Key aircraft de-icing fluid manufacturers are Clariant AG, The Dow Chemical Company, Kilfrost Group Plc, Cryotech Deicing Technology, LNT Solutions, Inland Technologies, Abax Industries SAS, and Proviron Functional Chemicals NV. Development of non-toxic and recyclable aircraft de-icing fluids and collaboration with customers are some of the most common strategies adopted by the major players to remain competitive in the market.
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Categories Aerospace , Defense , Services
Tags aircraft , deicing fluids , defense
Last Updated August 24, 2018