De-icing fluids are critical chemicals used in the aviation industry in cold climates across the world. Rising demand for these fluids in North America, Europe, and Asia-Pacific is driving growth in the worldwide de-icing fluids market.
The global deicing fluid market 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 and 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.
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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.
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.
“With the aviation industry witnessing a boom in North America, the deicing fluid market is expected to witness grandeur in the upcoming period”, says an analyst from Future Market Insights.
Key Takeaways from Deicing Fluid Market
Key Companies Profiled
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Competitive Fluid
Key Segments Profiled in the Deicing Fluid Industry Survey
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What does the Report delve deep into?
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 27, 2023