The global deicing fluid market size was worth US$ 5.3 Billion in the year 2022 and is expected to reach US$ 8.8 Billion by the year 2032 at a CAGR of 5% between 2022 and 2032. Deicing fluids come across as critical chemicals used in the aviation vertical in cold climates around the world. Growing demand for such fluids is accelerating the deicing fluid market.
They are categorized as Type I, Type II, Type III, and Type IV on the basis of their composition chemicals, and physical qualities. This could be credited to growing awareness about the product, continued expansion of the aviation sector, increasing freight carrying through airways, and rising number of strategic partnerships. Both – governments and private sectors are extending support to the deicing fluid market for having the aviation vertical in shape.
Deicing fluids constitute glycols, salts, and alcohol. They do reduce water’s freezing point. Mechanical deicing procedures constitute pressing and scraping. Deicing solution gets sprayed on the surface using spray guns or hoses. The region’s meteorological conditions do determine the need for deicing fluid. It is, in fact, directly proportional to an increase in tourism in cold climates.
Technology is actually the flagbearer of deicing operations. All the airlines and airports do spend on cutting-edge technology in aplomb; which actually helps in having superlative deicing operations in place. These days, new techniques are being doled out with regard to reusing the deicing fluid.
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At the same time, the fact that deicing fluids do induce corrosion and also cause damage to the applied surfaces can’t be ignored. Plus, several low-cost substitutes like heating and mechanical scraping are being made available. These factors could restrain the deicing fluid market in the years to come.
Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Deicing Fluid Market’. It has an indigenous team of analysts and consultants to deploy a 360-degree view in primary, secondary, and tertiary modes of research.
Key Takeaways from Deicing Fluid Market
- North America holds the largest market share due to the US being subject to exorbitant aircraft movements and passenger traffic in the last few years. The region is, in fact, known for housing some of the busiest airports all through. As such, there is a robust demand for quick and effective deicing technologies. Moreover, as the US witnesses blizzard weather conditions at regular intervals, icing on the surface of aircraft is a common phenomenon. January 2018 alone witnessed the US airlines annulling over 1100 flights and grounding of over 3000 planes. The airlines and airports in North America are trying to mitigate such situations by handsomely investing in de-icing systems as well as infrastructure for minimizing discomfort and delays with respect to the customers.
- Europe holds the second-largest market share with various economies of Eurasia providing notable development opportunities for the vertical.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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