Anti-Icing Coating Market Overview:
Anti-icing coating is the perfect replacement for the traditional de-icing method using fluid containing salt and other chemicals. This is all credit to the R&D establishments over the past few years. The wide range of applications of the anti-icing coating is the reason for the market’s constant growth.
Anti-Icing Coating Market Value and Growth:
The Global Anti-Icing Coating market size was around USD 423.9 million by revenue, at the end of 2018. It is anticipated to grow at CAGR of 24.9% to reach USD 1288.5 million by 2023.
Anti-Icing Coating Market Drivers and Restraints:
The increasing demand in the regions like Europe and North America, where there is a high rate of snowfall, is a major driver to the anti-icing coating market on the global scale. The wide range of product portfolios, the constant adaptation of development strategies by companies, strategically established R&D centers and advancements in technology are the driving factors of the Global Anti-Icing Coating market.
However, government regulations and limited availability of alternatives as anti-icing coating are restraining the market growth.
Anti-Icing Coating Market Segmentation Analysis:
Based on the type of the substrate to be coated the market is segmented into Metals, Glass, Concrete & Ceramics, and Others. The anti-icing coating is used to avoid corrosion on the metal surfaces. This is majorly applicable in regions with a high rate of snowfall and places with heavy use of metals like industrial machinery, defense equipment etc.
Based on the end use industry the global Anti-Icing Coating market is divided into Automotive & Transportation, Communication Equipment, Construction, Renewable Energy, and Others. The major contribution to the anti-icing coating market is from automotive & transportation sector which include airplanes. The introduction of this technology has helped in the reduction of the rate of equipment damage in the aviation planes, caused due to long flights at high altitudes.
Anti-Icing Coating Market Geographical Analysis:
By geography, the Global Anti-Icing Coating market is segmented as Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America.
Europe is expected to be the fastest-growing region in the anti-icing coating market, attributed to its high CAGR and second highest share percentage in 2018. The increasing demand from growing industries and scope of future opportunities leads this region towards prosperity.
North America had the highest Global Anti-Icing Coating market share in 2018 which was nearly equal to that of Europe. North America having relatively low CAGR when compared to Europe makes it lose its top ranking in the forecast future.
The Asia Pacific will have a low share and low growth in the above forecast period. The dominance from North America and Europe is a reason for a developing region like Asia, majorly India and China, to lag in the global anti-icing coating market. The high cost for anti-icing coating may be a reason for the slow growth rate in this developing region.
The Middle East & Africa and Latin America regions, belonging to low developing regions due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Anti-Icing Coating market in these regions is negligible in nature.
Anti-Icing Coating Market Key Market Players:
By the end of 2018, PPG (US), Dow DuPont (US), Fraunhofer (Germany), Battelle (US), CG2 Nanocoatings (Canada), Aerospace & Advanced Composites (Austria), Nanosonic (US), NEI Corporation (US), Cytonix (US), NeverWet (US), Nanoshell Company, 3M, Akzonobel, Axalta Coating Systems, Greenkote, Hempel, Jotun, Dow Corning, RPM International, Hygratek, , Ancatt, Royal Dsm, Tesla Nanocoatings, and Helicity Technologies are some of the leading shareholders of the Global Anti-Icing Coating market.
These companies are majorly focused in the research & development of the kind of anti-icing coatings (organic and inorganic). In the forecasted future the Global Anti-Icing Coating market may witness major advances due to the developing technology and an increase in the effective establishment of a large number of R&Ds.
Anti-Icing Coating Market Research Report Key Highlights:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.3 Concrete & Ceramics
5.1.6 Y-o-Y Growth Analysis, By Substrate
5.1.7 Market Attractiveness Analysis, By Substrate
5.1.8 Market Share Analysis, By Substrate
5.2 End-Use Industry
5.2.2 Automotive & Transportation
5.2.4 Renewable Energy
5.2.5 Communication Equipment
5.2.7 Y-o-Y Growth Analysis, By End-Use Industry
5.2.8 Market Attractiveness Analysis, By End-Use Industry
5.2.9 Market Share Analysis, By End-Use Industry
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Substrate
188.8.131.52 By End-Use Industry
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Substrate
18.104.22.168 By End-Use Industry
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Substrate
188.8.131.52 By End-Use Industry
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.6 CG2 Nanocoatings
8.7 Aerospace & Advanced Composites
8.10 NEI Corporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures