Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.76 Billion | USD 12.74 Billion | 24.60% | 2023 |
The global anti-icing coating market size was worth around USD 1.76 billion in 2023 and is predicted to grow to around USD 12.74 billion by 2032 with a compound annual growth rate (CAGR) of roughly 24.60% between 2024 and 2032.
The study includes drivers and restraints of the anti-icing coating market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the anti-icing coating market on a global level.
The process of anti-icing involves icing adhesion strength and icing delay time. Anti-icing coating provides product safety against ice. More specifically, anti-ice coatings exhibit very low adhesion. The formation of ice is generally slow if anti-ice coatings are applied to a product. Anti-ice coatings are generally used in the automobile industry, wind energy plants, solar energy plants, heat exchangers devices, etc. Anti-icing coatings are slightly different from de-icing coatings. Anti-icing coatings help in delaying ice formation, whereas the process of de-icing helps in removing the ice with ease.
The primary growth driver for the global anti-icing coating market in the upcoming years is likely to be the growing demand for protecting goods and products from ice. The deposition of ice on surfaces of roads and vehicles is a common issue encountered in geographic areas with a cold climate, which, in turn, increases the risk of road accidents. Icing can also adversely affect ships, aircraft, cars, rail, wind turbines, and cooling systems. The growing demand for anti-icing coatings from various end-user industries, such as aircraft, automobile, and construction, is anticipated to boost this market’s growth in the upcoming years.
Furthermore, the anti-icing coating has various advantages when compared to normal coatings. Effective anti-icing coatings help in reducing costs and consumption of energy and enhancing product value and the performance of technical goods along with contributing to product safety. These are some beneficial attributes of anti-ice coatings that are likely to further drive this market’s expansion in the upcoming years.
In order to give the users of this report a comprehensive view of the anti-icing coating market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, research& development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the price trend analysis and product portfolio of various companies according to regions.
The study provides a decisive view of the anti-icing coating market by segmenting the market based on application, end-user, and region.
By application, the anti-icing coating market is segmented into metal, glass, and concrete and ceramics. By end-user, this global market is categorized into aircraft/aviation, automotive and transportation, construction, and others.
Report Attributes | Report Details |
---|---|
Report Name | Anti-Icing Coating Market Research Report |
Market Size in 2023 | USD 1.76 Billion |
Market Forecast in 2032 | USD 12.74 Billion |
Growth Rate | CAGR of 24.60% |
Number of Pages | 215 |
Key Companies Covered | PPG Industries, Fraunhofer, Dow Dupont, Battelle, CG2 Nanocoatings, Aerospace & Advanced Composites, NEI Corporation, Cytonix, NeverWet, and Nanosonic |
Segments Covered | By End-User, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.
Europe contributed the largest revenue share to the global anti-icing coating market in 2018. The region is also expected to dominate the global market in the upcoming years, owing to rising demand for anti-icing coatings by the aircraft industry, especially in the UK and Russia. Moreover, the cold climatic condition throughout the region is anticipated to further boost this regional market growth in the years ahead. The Asia Pacific region is likely to offer significant growth opportunities in the global anti-icing coating market in the future, owing to the growing per capita income and rising middle-class population.
The global anti-icing coating market is dominated by players like:
Global Anti-icing Coating Market: Application Analysis
Global Anti-icing Coating Market: End-User Analysis
Global Anti-icing Coating Market: Regional Analysis
FrequentlyAsked Questions
Specialized coatings intended to prevent or reduce the formation of ice on surfaces are known as anti-icing coatings. Common applications of these coatings include the infrastructure, aviation, automotive, wind energy, and telecommunications sectors, all of which aim to improve performance and safety by preventing the accumulation of ice.
Ice formation on aircraft presents substantial obstacles for the aviation sector, as it has the potential to adversely affect both flight performance and safety. In order to guarantee the safety of operations, airlines and aircraft manufacturers are making investments in anti-icing coatings. As the wind energy industry expands at a rapid rate, frost accumulation on turbine blades can increase maintenance expenses and decrease output. Coatings that prevent icing enhance efficacy and decrease downtime.
The global anti-icing coating market size was worth around USD 1.76 billion in 2023 and is predicted to grow to around USD 12.74 billion by 2032.
The global anti-icing coating market a compound annual growth rate (CAGR) of roughly 24.60% between 2024 and 2032.
The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.
Some key players in the global anti-icing coating market include PPG Industries, Fraunhofer, Dow Dupont, Battelle, CG2 Nanocoatings, Aerospace & Advanced Composites, NEI Corporation, Cytonix, NeverWet, and Nanosonic, among others.
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