Aircraft De-Icing Fluids Market is Projected to be Worth US$ 848.1 Million in 2023, Propylene Glycol-based De-Icing Fluid is Projected to Maintain its Dominance in the Market During the Forecast Period, Says Stratview Research
DETROIT, July 18, 2018 /PRNewswire/ --
Stratview Research [http://stratviewresearch.com/index.php ] announces the launch of a new market research report on Aircraft De-Icing Fluids Market [https://www.stratviewresearch.com/350/Aircraft-De-Icing-Fluids-Market.html ] by Aircraft Type (Commercial Aircraft, Military Aircraft, General Aviation, and UAV), by Fluid Type (Type I, Type II, Type III, and Type IV), by Material Type (Propylene Glycol and Ethylene Glycol), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
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This market report, from Stratview Research, studies the aircraft [https://www.stratviewresearch.com/market/report/Aerospace-Defense.html ] de-icing fluids market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Aircraft De-Icing Fluids Market: Highlights
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. Aircraft de-icing fluids play an important role in providing safe, uninterrupted, and timely air travel during the inclement winkle conditions. These are typically ethylene glycol and propylene glycol based fluids, which also contain water, corrosion inhibitors, wetting agents, and dye. These fluids are formulated to assist in removing ice, snow, and frost layers from the external surfaces of an aircraft and reduce the freezing point of water. De-icing fluids (Type I) remove ice, snow, and frost layers from the external surfaces, whereas, anti-icing fluids (Type II, Type III and Type IV) prevent an aircraft from further freezing ice on its critical surfaces for a certain period.
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. Type-1 fluids are consumed in large quantities for de-icing of an aircraft because they are used for removing the ice and frost layers from the external surface of an aircraft and their capability to provide limited anti-icing protection. Type III fluid holds the smallest share of the market, due to its limited usage in most of the countries.
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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. Although ethylene glycol is a better heat transfer fluid than propylene glycol, it can adversely affect the environment due to its inappropriate disposal on runways at the airports. It may enter waterways and may affect the flora and fauna in the surrounding environment. Most of the airports worldwide prefer to use propylene glycol-based de-icing fluids and avoids the usage of ethylene glycol.
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. Growing aircraft fleet size and rising passenger traffic are likely to further boost the overall demand for aircraft de-icing fluids in the region's market in the foreseeable future. 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.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter's five forces
analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, product launches,
etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors
This report studies de-icing fluids market in the global aircraft industry and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
Aircraft De-Icing Fluids Market, By Aircraft Type
- Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Military (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft De-Icing Fluids Market, By Fluid Type
- Type I (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Type II (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Type III (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Type IV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft De-Icing Fluids Market, By Material Type
- Ethylene Glycol (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Propylene Glycol (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft De-Icing Fluids Market, By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Russia, the UK, Germany, Sweden and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: The Middle East, and Others)
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports: Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry [https://www.stratviewresearch.com/market/report/Aerospace-Defense.html ]
Some of our other premium market reports in the aerospace & defense industry:
Global Aerospace & Defense Coatings Market by Resin Type, by Aircraft Type, by Technology Type, by End-User Type, by Application Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022 [https://www.stratviewresearch.com/252/aerospace-and-defense-coatings-market.html ] Global Aircraft EMI Shielding Market by Aircraft Type, by Application Type, by Product Type, by Location Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022 [https://www.stratviewresearch.com/294/aircraft-EMI-shielding-market.html ]
About Stratview Research
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