The market for anti-icing coatings was valued at USD 527.97 million in 2019 and is expected to reach USD 3.06 billion by 2028, rising at a CAGR of 24.7 percent over the forecast period.
Anti-icing coatings are used in a variety of end-use industries, including automobile and transportation, construction, communication equipment, renewable energy, and others. The high demand for anti-icing coating in the automotive, aerospace, marine, and rail applications end-use industries, as well as solar and wind energy facilities in the renewable energy end-use sector, is fueling the market’s expansion.
Anti-icing coatings for aviation, renewable energy, and communication equipment are in high demand, particularly in Russia, Canada, the United States, and Scandinavian countries. In these countries, demand for anti-icing coating is driven by emerging technology and breakthroughs. After North America and Europe, APAC is expected to grow rapidly over the next five years.
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COVID-19 Impact Assessment
● COVID-19 has had an impact on the overall market as well as the market’s growth rate in 2020.
● COVID-19 is a global public health catastrophe that has impacted virtually every industry, with long-term implications that are predicted to hinder industrial progress during the forecast period.
● Despite the COVID-19 issue, the global market for anti-icing coating is predicted to grow significantly by 2030.
Top Influencing Factors
Anti-icing coating is in high demand in cold locations, hence the market is expanding. The availability of cost-effective substitutes and strict regulatory requirements are limiting the growth of the anti-icing coating market. Because of increased demand from the communication equipment industry, the anti-icing coatings market is likely to grow in the future. The anti-icing coating business, however, is hampered by a paucity of essential raw ingredients. North America and Europe’s aircraft industries are rapidly growing. During the forecast period, this is likely to enhance demand for anti-icing coatings.
Segments by Product Type : Metals Substrate, Glass Substrate, Concrete & Ceramics Substrate
Segments by Application : Automotive & transportation, Renewable Energy, Communication Equipment, Construction, Others
The following are some of the companies highlighted in this report:
● PPG
● Dowdupont
● Fraunhofer-Gesellschaft
● Neverwet
● NEI
● Battelle Memorial Institute
● CG2 Nanocoatings
● Aerospace & Advanced Composites
● Nanosonic
● Cytonix
● Ecological Coatings
● Hygratek
Anti-Icing Coating is a coating that prevents ice from forming on the With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the forecast term, this market research study keeps a close eye on major rivals. It’s a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The research also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate policies.
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Stakeholders and industry participants will gain the following benefits:
● The report looks at the industry’s drivers, restrictions, and possibilities.
● Market performance from a neutral standpoint
● Recent advancements and trends in the industry
● Key players’ strategy and the competitive landscape
● Potential and niche segments, as well as regions with intriguing growth prospects, are all addressed.
● In terms of value, historical, current, and forecast market sizes
● An in-depth examination of the market for anti-icing coatings
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