Aircraft De-Icing Fluids Market is Projected to be Worth US$ 848.1 Million in 2023


Posted August 24, 2018 by stratview_123

In the recent past, there have been some aircraft accidents that have created a fear among the airlines for snow deposition on aircraft surfaces when an aircraft is in the air.
 
As per an indepth study conducted by Stratview Research, the global aircraft de-icing fluids market is projected to grow at a healthy rate over the next five years to reach US$ 848.1 million in 2023.

The research’s findings suggest that commercial aircraft is likely to remain the most dominant segment of market over the next five years. It is also likely to be the fastest-growing segment during the forecast period, mainly driven by rising passenger traffic and increasing fleet of commercial aircraft in colder regions, such as North America and Europe.

Amongst the various fluid types, Type I is likely to remain the most dominant and fastest-growing segment of the market during the forecast period. Type-1 fluids are consumed in large quantities for de-icing of an aircraft because they are used for removing the ice and frost layers from the external surface of an aircraft and their capability to provide limited anti-icing protection. Type III fluid holds the smallest share of the market, due to its limited usage in most of the countries.

Based on the material type, propylene glycol-based de-icing fluid is projected to maintain its dominance in the market over the next five years. It is also likely to grow at the highest rate during the forecast period as well. Propylene glycol-based de-icing fluids are replacing ethylene glycol-based fluids, owing to their less toxic nature.

As per the study, North America is projected to remain the largest market for aircraft de-icing fluids during the forecast period primarily driven by the USA, as it is the growth engine of the region’s market and has one of the largest fleets of aircraft across the world.


Key aircraft de-icing fluid manufacturers are Clariant AG, The Dow Chemical Company, Kilfrost Group Plc, Cryotech Deicing Technology, LNT Solutions, Inland Technologies, Abax Industries SAS, and Proviron Functional Chemicals NV. Development of non-toxic and recyclable aircraft de-icing fluids and collaboration with customers are some of the most common strategies adopted by the major players to remain competitive in the market.
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Country India
Categories Aerospace , Defense , Research
Tags aerospace defense , aircraft , deicing fluids market
Last Updated August 24, 2018