Anti-icing coating is the ideal substitution for the conventional 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 vast range of applications of the anti-icing coating is the reason for the market’s constant development. The Global Anti-Icing Coating market size was around USD 423.9 million by revenue, at the end of 2018. It is estimated to grow at CAGR of 24.9% to reach USD 1288.5 million by 2023. TECHÉOL Inc., an industry leader in electromechanical skills for significant repairs and replacements based in Canada, has collaborated to evolve 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 elevating call in the regions like Europe and North America, where there is a high rate of snowfall, is a crucial driver to the anti-icing coating market on a global scale. The vast range of product portfolios, the constant modification 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. Nonetheless, government rules and limited availability of alternatives as anti-icing coating are preventing the market growth.
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Report segmented as:
· Concrete & Ceramics
By End-use Industry:
· Automotive & Transportation
· Renewable Energy
· Communication Equipment
Geographically, the Global Anti-Icing Coating market is segregated into Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America. Europe is anticipated to be the quickest-developing region in the anti-icing coating market, allocated to its high CAGR and second highest share percentage in 2018. The elevating call from developing 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 almost equal to that of Europe. North America having proportionately low CAGR when compared to Europe makes it lose its highest ranking in the forecast future. The Asia Pacific will have less share and less growth in the above forecast period. The dominance from North America and Europe is a reason for a developing region like Asia, mainly India and China, to lag in the global anti-icing coating market. The high cost for anti-icing coating may be a reason for the slow development rate in this developing region. The Middle East & Africa and Latin America regions, belonging to low developing regions due to the contribution of low GDP countries, have lesser chances for industry development. Therefore, the Anti-Icing Coating market in these regions is negligible.
Important Market Players:
The leading shareholders of the Global Anti-Icing Coating market by the end of 2018 are 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 These companies are mainly focused on the research & development of the kind of anti-icing coatings (organic and inorganic). In the estimated future the Global Anti-Icing Coating market may witness significant advances due to the developing technology and an increase in the effective establishment of a considerable number of R&Ds.
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The Scope of the report:
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