Global Anti-Icing Coating Market was estimated to be at a value of USD 339.24 million in 2019 and is considered to reach USD 1,268.82 million by the end of 2025, at a CAGR of about 25% between 2020 and 2025. Anti-ice coatings assist in reducing the costs and energy consumption, improve product value, enhance the performance of technical goods, and contribute to safety worries. These coatings are employed to impart anti-icing characteristics to the underlying substrate, decreasing ice adhesion significantly, hence preventing ice build-up. They are used in wind turbines, overhead high voltage power lines, marine ships, and several other materials. Anti-icing coating is a substitute for the conventional method de-icing fluid having salt and other chemicals. Effective the maintenance prices are decreased through the elimination of a lot of cleaning, hence escalating customer interest towards end products.
Anti-Icing Coating Market Recent Developments:
Anti-Icing Coating Market Drivers and Restraints:
The global market is driven by the employment of anti-icing coatings in various end-use businesses, namely, automotive & transportation, renewable energy, communication equipment, and others. The high call for anti-icing coating from the aerospace, vehicles, marine, and rail applications of the automotive & transportation business and solar & wind energy plants of the renewable energy end-use business is also driving the anti-icing coating industry. The call for anti-icing coatings for the use in aircraft and reusable energy and also conveying equipment end-use businesses is more, majorly in the regions of Russia, the US, Canada, and Scandinavian areas. Growing technologies and innovations drive the call for anti-icing coating in these markets. The adoption of strict environmental policies on a global scale has also compelled industries to adopt eco-friendly production techniques, escalating the price of production significantly.
Present developments in advanced materials and nanotechnology play a key role in launching newer products to meet the market call for de-icing. Surface hydrophobic, lowering friction, preventing ice build-up, and escalating the service life of equipment or material are the several advantages of anti-icing coating in various applications. The customers of end-products can also get cost savings through decreased raw material, labor, and energy price of repainting or re-coating, hence driving the expansion of the market. The increase in call for anti-icing coatings in cold climatic regions would also fuel the market expansion, together with the offering of higher product characteristics. The rising call for anti-icing coatings in the communication equipment and renewable energy businesses for better connectivity and use of energy sources is estimated to escalate the opportunities for market growth to major market players.
The availability of price-effective replacement substitutes like de-icing fluids hinders the development rate of the anti-icing coatings market, as the customers often prefer the utilization of locally sourced low-cost products instead of buying high-cost chemicals.
Successful anti-icing coatings assist in decreasing prices and consumption of energy and improving product worth and the production of technical products along with bestowing to product safety. These are some advantageous characteristics of anti-ice coatings which are probable to further drive this industry’s development in the future years.
The cost volatility of raw materials also acts as market restraints, as difficulty in availing of needed raw materials throughout the manufacturing of the end-products lead to downtime of operations.
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 the automotive & transportation sector which includes 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:
The Anti-Icing Coating market report includes the segmentation of regions with their respective countries.
North America Anti-Icing Coating Industry covers the US and Canada.
Europe Anti-Icing Coating Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, & Rest of Europe.
Asia Pacific Anti-Icing Coating Industry includes India, China, Rest of APAC.
Latin America Anti-Icing Coating Industry includes Brazil, Mexico, Argentina, Chile, & Rest of LATAM.
Middle East & Africa Anti-Icing Coating Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, & rest of MEA.
Europe is deemed to hold the highest market share, on the basis of both volume and worth, in 2019.The North American anti-icing coating market is driven by the cold climatic weather and heavy funds in businesses like automotive & transportation, renewable energy, and communication equipment. The surge in the number of aircraft in North America and increase in buying power of customers has resulted in the development in the manufacturing of anti-icing coatings in the North America region. Escalated call, mainly from the aviation market, will lead to high growth potential in the market. Government bodies like the US Department of Energy, US Environmental Protection Agency, and NASA are investing and collaborating with researchers for the development of the technology. For example, the coating formula has been made by the materials science and engineering department at the University of Michigan, United States. Europe is one of the dominating geographical regions by market share due to the adoption of anti-Icing coating end-products in different end-user businesses, mainly in the renewable energy segment. The wind turbine and blades in different European locations are coated with anti-icing end-products to decrease maintenance expenses and to make sure smooth operations
Anti-Icing Coating Market Key Market Players:
By the end of 2020, 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.
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
126.96.36.199 By Geographical Area
188.8.131.52 By Substrate
184.108.40.206 By End-Use Industry
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Substrate
22.214.171.124 By End-Use Industry
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Substrate
184.108.40.206 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