Rising Demand for Deicing Fluids: Key Drivers and Market Trends | IndustryARC?

Deicing Fluid Market Size is forecast to reach $ 2800 Million by 2030, at a CAGR of 5.20% during forecast period 2024-2030.

Deicing fluid is the procedure of removing ice, snow from a surface and lower the freezing point of water. Ethylene Glycol and Propylene Glycol are major compounds used for ant freezing substances and is commonly used as an aircraft deicer and as an automotive antifreeze solution. The cold climatic region has a higher demand for deicing fluid. It is widely used in aviation, transportation, and other facility management in cold region across the globe.

The rate of increase in accidents and associated problems due to the accumulation of snow on aircraft are driving the market for deicing fluid in the forecasted period. According to Bureau of Labor Statistics On average, there are over 6 million passenger car accidents in the U.S. every year.

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Ongoing research and development endeavors focus on refining deicing fluid technology for heightened efficacy. These innovations prioritize augmenting fluid performance to prevent ice buildup on surfaces more effectively. The goal is to bolster safety and reliability by ensuring superior protection against ice accumulation. This commitment to advancing deicing solutions aims to deliver enhanced operational efficiency, particularly crucial in challenging weather conditions within various industries.

The aviation sector is witnessing a notable growth in demand for deicing fluids. Airports, aiming for heightened operational efficiency during challenging weather scenarios, have spurred the necessity for efficient deicing solutions. Ensuring safe take-offs and landings is paramount, driving the increased reliance on effective deicing fluids. This surge in demand reflects the industry's commitment to maintaining safety standards in adverse weather conditions, prioritizing secure flight operations.

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Key Takeaways

• North America dominates the deicing fluid market, owing to the increasing demand for the Aerospace industry in the region. According to Aerospace Industrial Association, in 2022, the Aerospace & Defense industry generated $952 billion in combined sales in 2022, a 6.7 percent increase from the prior year.
• Ethylene Glycol and Propylene Glycol-based Deicing Fluid are increasingly being replaced to mechanical methods of scrapping, heating because of higher specific strength and corrosion Inhibitors.
• There has been an increase in accidents and snow deposition in most of the cold climate region such as delay in flight operations and facing difficulty in taking offs are consecutively driving the market growth.
• The major opportunity for this market is high research spending and growing awareness in society. Furthermore, it is also an opportunity for this market to develop advanced tools for the development of the deicing product.

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??????? ??????????????????: Clariant | Dow | Kilfrost Ltd | Proviron | Cryotech Deicing Technology | Vestergaard Company A/S | ADDCON | CRE CHEM (QINGDAO) LIMITED | Inland Technologies | Honeywell | KTM Industries | American Aviation, Inc. | China National Petroleum Corporation | AERO Specialties