The Anti-Icing Coating market Research Report-2020

Posted by rohan on January 3rd, 2020

Market Overview:

The Anti-Icing Coating market size was around USD 423.9 million by revenue, at the end of 2018. It is anticipated to grow at a CAGR of 24.9% to reach USD 1288.5 million by 2023. 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.TECHÉOL Inc., an industry leader in electromechanical skills for major repairs and replacements based in Canada, has partnered to develop an anti-icing coating to the windmill blades. TECHÉOL Inc. is competing for the CanWEA’s annual award for effective wind power facility operations and maintenance practice.

Market Drivers and Restraints:

The increasing demand in 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 a 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.

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Report segmented as

By Substrate Type:

  • Metals
  • Concrete & Ceramics
  • Glass

By Type:

  • Automotive & Transportation
  • Construction
  • Renewable Energy
  • Communication Equipment
  • Others

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.

Important 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.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:

Abhishek Shukla

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Email: abhishek@marketdataforecast.com

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rohan

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rohan
Joined: September 20th, 2017
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