Anti-icing Coating Market (Substrate - Metal, Glass, Concrete, and Ceramic; Application - Aircrafts & Aviation, Automobiles, Marine, and Rail): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the anti-icing coating market provides an in-depth analysis of segments and sub-segments in the global as well as regional anti-icing coating market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional anti-icing coating market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global anti-icing coating market. According to the report, the global anti-icing coating market is projected to grow at a CAGR of 25% over the forecast period of 2022-2028.

Market Insight

The global anti-icing coating market was valued at nearly USD 1000 Million in 2022 and is expected to reach USD 3800 Million in 2028, with a CAGR of 25% during the forecast period. The icing of surfaces may be a widespread problem that incurs high costs and impairs functionality and safety. Ice and frost pose hazards to people, can damage machines, and reduce the functionality of some technologies, especially those associated with energy and transportation. Icing can adversely affect aircraft, ships, rail vehicles, cars, roller shutters, cooling systems, and wind turbines. The anti-icing coating protects against atmospheric icing. The growing demands from aeronautical applications, the automotive industry, and wind energy plants for advanced materials that reduce ice adhesion are anticipated to end in high growth potential within the market during the forecast period.

The increased demand from the aviation industry primarily drives the demand for the anti-icing coating market. Aircraft icing poses an increasing threat to the security of flight because of the damage to aerodynamic shape. Even aircraft equipped for flight into icing conditions are significantly suffering from ice accumulation within the unprotected areas. As per the AOPA Air Safety Foundation accident database, 12% of the overall weather accidents are caused because of icing. Furthermore, government bodies like the US Department of Energy, the US Environmental Protection Agency, and NASA are funding and collaborating with researchers for the advancement of anti-icing technology. However, the anti-icing coatings available within the market have limited-time effects, which are likely to affect market growth. Moreover, the growing research on anti-icing coatings by adding variations to deal with the unmet needs is anticipated to enhance and enhance the properties of those coatings and use them for abrasion resistance and as a finish coat.

The global pandemic has impacted economies and industries badly because of lockdowns and restrictions on travel and transport. The Coating industry is considered a prominently hit industry in the world and faced serious disruptions in terms of the supply chain, distribution cancellations, and closures of businesses as a result of the pandemic. The Lockdown situation in major Coating manufacturing countries affected the supply chain of the raw material. Because the situation was becoming more critical the demand for the coating products decreased because of the interruption in the supply of raw materials, and unavailability of labor which restrained the growth of the market.

Based on the region, the worldwide anti-icing coating market is segmented into the Asia Pacific, North America, Europe, and the Middle East & Africa. Among the regions, Europe holds the biggest share of the global anti-icing coating market. Geographically, the Europe region consists of most of the cold places in the world. This factor is fueling the expansion of the anti-icing coating market within the European region. North America holds a major share within the global anti-icing coating market attributable to the presence of the established aviation industry. Furthermore, the growing funding for the research and development of advanced coating products drives the expansion of the North American anti-icing coating market.

Segment Covered

The report on the global anti-icing coating market covers segments such as substrate and application. On the basis of substrate, the sub-markets include metal, glass, concrete, and ceramic. On the basis of application, the sub-markets include aircraft & aviation, automobiles, marine, and rail.

Companies Profiled:

The report provides profiles of the companies in the market such as PPG Industries, Inc., DowDuPont, Inc., NanoSonic Inc., 3M Company, Aerospace & Advanced Composites GmbH, NEI Corporation, Cytonix Corporation, NeverWet, LLC, HygraTek, LLC, and Ecological Coatings LLC.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the anti-icing coating market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.