What is Aircraft Deicing Fluid?
De-icing fluid is a mixture of a chemical called glycol and water. This fluid is heated and sprayed under pressure to remove ice and snow on the aircraft. It also has ability to prevent further ice from forming. By preventing build-up of snow and ice helps protect the safety of passengers. In addition, it improves on-time performance during winter-weather flights. This fluid is able to reduce inhibit aircraft surface corrosion and formulate low- to moderate-toxicity solutions with ethylene glycol and propylene glycol fluids. Increasing aerospace and defence infrastructure driving the demand for aircraft de-icing fluid across the globe. Geographically, North America region has have been recognized as highly growing market with increasing industrial expenditure of aircrafts. Therefore, North America region are considered to be the dominant market over forecast period.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Clariant AG (Switzerland), The Dow Chemical Company (United States), Kilfrost Group Plc (United Kingdom), Cryotech Deicing Technology (United States), LNT Solutions (Canada), Inland Technologies (Canada), Abax Industries SAS (France), Proviron Functional Chemicals NV (Belgium) and UTC Aerospace System (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Type I, Type II, Type III and Type IV) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Aircraft Deicing Fluid market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Clariant AG (Switzerland), The Dow Chemical Company (United States), Kilfrost Group Plc (United Kingdom), Cryotech Deicing Technology (United States), LNT Solutions (Canada), Inland Technologies (Canada), Abax Industries SAS (France), Proviron Functional Chemicals NV (Belgium) and UTC Aerospace System (United States).
Market Overview:
In September 2022, Parker-Hannifin Corp., a company specializing in motion and control technologies based in Cleveland, Ohio, U.S., purchased Meggitt PLC, a manufacturer of aerospace and defense components located in Coventry, U.K. The acquisition, valued at around £6.3 billion.
Deicing and anti-icing fluids in airplane wings and stabilizers can leave residue in vital locations. This residue can rehydrate and expand into a gel-like substance, which can freeze during flight and cause flight control system limits. As a result, paying attention to this residue should be part of a regular inspection and cleaning routine. Using a two-step deicing/anti-icing method also helps to limit the amount of fluid residue that collects in the wings and stabilizers, according to industry experience.
The market of Aircraft De-icing Fluids is expected to grow with rising industrial expenditure of aerospace and defence infrastructure. Increasing technological developments driving the demand for the market. Several companies are operating in the market to provide Aircraft De-icing Fluids with various features & unique offering. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Influencing Trend:
Increasing Preference for Type III De-icing Fluid for Small Commuter-Type Aircraft
Market Growth Drivers:
Effective against Snow and Ice with a Superior Environmental Profile driving the Demand and Rising Preference for Aircraft De-icing Fluid for Removing Contamination from Airplane Surface
Challenges:
Adversely Affecting Airplane Handling Qualities like Diminishing the Wing's Maximum Lift
Restraints:
Adverse Impact on Environment such as Water & Air Pollution
Opportunities:
Growing Aerospace & Defence Infrastructure across the Globe
Key highlights of the Global Aircraft Deicing Fluid market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Aircraft Deicing Fluid market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Aircraft Deicing Fluid market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Aircraft Deicing Fluid Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aircraft Deicing Fluid market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Aircraft Deicing Fluid market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Aircraft De-icing Fluids Manufacturers, Aircraft De-icing Fluids Suppliers, Raw Material Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.