Anti-icing Coatings Market - Forecast(2024 - 2030)
Anti-icing Coatings Market Overview
Anti-icing coatings
market size was valued at US$470.0 million in 2021 and is forecasted
to grow at a CAGR of 19.0% during 2022-2027. Anti-icing coatings are the cost
efficient passive method for preventing ice formation and enable easy ice
removal. These are widely used in several applications owing to their
self-cleaning properties and facilitate the formation of hydrophobic surface. These
coatings are transparent and offer glossy and smooth finish on the surface. Ice
formation in many technical systems can affect their function, for instance,
telecommunication systems use different external sensors which can be affected
by ice formation. In renewable energy industry, it is used in wind turbines, solar
panel, and heat exchanger. Icing in many industries can cause safety hazards,
halted operations, product breakage, and added electricity costs. These
coatings provide weather resistant, easy to clean, durable, and facilitate easy
application. These are also suitable to use on different substrate such as
metal, glass, plastic, concrete, ceramics, etc. Anti-icing coatings offer good
return on investment by boosting energy efficiency and productivity in numerous
applications such as wind turbines, marine, and overhead high voltage power
lines.
COVID-19 Impact
Many of the
industries across the global have faced several challenges due to the COVID-19
pandemic. The industries such as automotive, aerospace, construction, and
renewable energy including many other has experienced pitfalls. Many projects
in such industries have been halted due to an interrupted supply chain and
employee shortages due to quarantines. Construction activities were banned in
many places due to safety concerns and to curb the spread of infection. Also,
the production in automotive industry has declined due to an interrupted supply
chain and cessation in transportation of raw materials. Thus, the global pause
in industrial production and distribution, the demand and consumption of
anti-icing coatings has hampered to an extent.
Report Coverage
The report: “Anti-icing Coatings Market Report – Forecast (2022-2027)”,
by IndustryARC, covers an in-depth analysis of the following segments of
the Anti-icing Coatings industry.
By Substrate Material: Metal,
Glass, Plastic, Concrete and Ceramics, and Others
By Application Method: Spraying,
Rolling, Brushing, and Others
By Curing Method: Ambient
Curing, Accelerated Curing, UV Curing, Hot Air Curing, Infrared Curing, and Others
By Material: Acrylic, Polyurethane,
Epoxy, Alkyd, Siloxane, Silanes, and Others
By End Use Industry: Automotive
and Transportation (Automobiles, Marine, Rail, and Others), Construction,
Renewable Energy (Wind Turbine, Solar Energy Plants, and Others), Aerospace (Commercial
Aviation, Military Aviation, and General Aviation), Communication Equipment,
and Others
By Geography: North
America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy,
Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China,
Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan,
Malaysia, and Rest of APAC), and South America (Brazil, Argentina, Colombia,
Chile, and Rest of South America), and Rest of the World (Middle East and
Africa)
Key Takeaways
- Europe is the fastest growing region in the global anti-icing coatings market. This growth is mainly attributed to the presence and growth of key end use industries specifically in Germany, France, Italy, and UK.
- Concrete and ceramic is expected to be the fasted growing segment by substrate material owing to the surge in demand from construction industry.
- Anti-icing coatings possess
several beneficial properties and widely adopted in aerospace industry which is
expected to provide significant growth opportunity for the global market.
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Anti-icing Coatings Market Segment Analysis – By Substrate Material
The metal
segment held the largest share in the anti-icing coatings market in 2021 and accounts
for around 30% of share in the global market. Anti-icing coatings are widely
used on metal substrate and spread rapidly and cure at ambient conditions. The
unwanted ice formation can cause problems such as unsafe conditions on roads
and bridges and damage of concrete tanks and walls. These coatings reduce the
adhesion strength of ice as compared to painted surfaces and bare metal. It can
be directly used on treated surfaces to decrease ice adhesion and also prevents
ice buildup. Metals are widely used in range of industries such as automotive,
aerospace, and renewable energy. The use of anti-icing coatings on metal
surfaces further provides the tremendous growth opportunities in numerous
industries as the metal surfaces in above mentioned industries are exposed to
external weather conditions.
Anti-icing Coatings Market Segment Analysis – By End-Use Industry
The aerospace segment is projected to grow
with a highest CAGR of around 21.0% during the forecast period. Ice buildup on
different surfaces can cause problems such as ice formation on doorway or roof
of homes can cause damage to walls, on industrial level it can create
disruptive services, and generate short circuit in electrical insulators. These
coatings are used in numerous applications such as wind turbines, power lines,
building parts, solar panels, sports equipment, and textile. In aerospace
industry, it can have severe consequences due to the ice formation on airplane
wings. Icing on airplane wings cause a loss of control due to the lack of
lifting force and weight overloading. This results into serious accidents and
massive economic loss. Anti-icing coatings enable the delay of ice formation
for longer period of time and reduce the waiting time for taking off, thereby,
act as a cost efficient solution for the industry. Thus, increase in need and
demand for anti-icing coatings in aerospace industry in further expected to
provide opportunity to the industry players.
Anti-icing Coatings Market Segment Analysis – By Geography
The North America is the leading region accounts for the largest share in the anti-icing coatings market in 2021 and held nearly 35% of market share. This growth is mainly attributed to the surge in demand for anti-icing coatings in various end-use industries in the region such as aerospace, construction, communication equipment, power line, and automotive and transportation. These industries are relying on anti-icing coatings on a large scale in order to prevent losses due to icing. Further, these coatings act as environmental friendly product along with this provides a cost effective solution. North America region is subject to have a lower temperature which facilitates ice formation on doorways, roofs of home, roads and bridges, and also in the industrial premises. It causes severe glitches in the industries by enabling halt in the operations, issues in power transmission line, and wind turbines. Thus, the demand for anti-icing coatings is increasing in this region. Moreover, significant presence of aerospace industry in this region is providing ample growth opportunities to the players in anti-icing coatings market.
Anti-icing Coatings Market – Drivers
Surge in Demand in Communication Equipment Industry
High Adoption in Cold Climatic Region
In
comparatively cold climatic regions such as North America and Europe, icing
causes several concerns for instance, slowdown in industrial operations, safety
hazards, and disruption in power lines. These coatings are widely used in
aviation, transportation, heat exchangers, solar energy, and wind turbines
including many others. The application of anti-icing coatings facilitate low
ice adhesion, lightweight, super hydrophobicity, and lower free surface energy.
In North America, aviation is considered as one of the remarkable industries
where anti-icing coatings are used drone aircraft, engine inlets, military
aerospace, jet engines, aircraft wings, and commercial aircraft. According to International
Air Transport Association (IATA) analysis North America is expected to
outperform post COVID and projected to hit US$ 9.9 billion profit in 2022 in
aviation industry. Anti-icing coatings are used in wind turbines, marine, power
transmission, bridges, railways, solar panels, automotive, and building parts. Thus,
there is an exponential rise in the demand for anti-icing coatings in North
America in order to overcome issues related to ice buildup, snow formation, and
extreme weather conditions.
Anti-icing Coatings Market – Challenges
Availability of Substitute Materials
Anti-icing Coatings Industry Outlook
Technology launches, acquisitions,
and R&D activities are key strategies adopted by players in the anti-icing coatings
market. Anti-icing coatings market top 10 companies include -
- Aerospace &
Advanced Composites GmbH
- CG2 Nanocoatings
Inc.
- Cytonix
- Ecological
Coatings LLC
- Fraunhofer-Gesellschaft
- Hygratek
- NanoSonic
Inc.
- NEI Corporation
- Neverwet
- PPG Industries
Recent Development
- In March 2021, NEI Corporation has introduced NANOMYTE SR-200EC, a liquid coating which is clear, easy to clean, and relatively thin. This coating is environmentally sustainable and free from fluorinated materials.
- In January 2020, NEI Corporation has announced that their recently developed de-icing system was successfully tested at the NASA Glenn Research Center’s Icing Research Tunnel. The company has met the objectives of representing a low power anti-ice system along with its NANOMYTE SuperAi anti-ice coating.
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LIST OF TABLES
1.Global Anti-icing Coatings Market Analysis and Forecast, by Substrate Market 2023-2030 ($M)2.Global Anti-icing Coatings Market Analysis and Forecast, by Substrate Market 2023-2030 (Volume/Units)
3.North America Anti-icing Coatings Market Analysis and Forecast, by Substrate Market 2023-2030 ($M)
4.South America Anti-icing Coatings Market Analysis and Forecast, by Substrate Market 2023-2030 ($M)
5.Europe Anti-icing Coatings Market Analysis and Forecast, by Substrate Market 2023-2030 ($M)
6.APAC Anti-icing Coatings Market Analysis and Forecast, by Substrate Market 2023-2030 ($M)
7.MENA Anti-icing Coatings Market Analysis and Forecast, by Substrate Market 2023-2030 ($M)
LIST OF FIGURES
1.US Anti-icing Coatings Market Revenue, 2023-2030 ($M)2.Canada Anti-icing Coatings Market Revenue, 2023-2030 ($M)
3.Mexico Anti-icing Coatings Market Revenue, 2023-2030 ($M)
4.Brazil Anti-icing Coatings Market Revenue, 2023-2030 ($M)
5.Argentina Anti-icing Coatings Market Revenue, 2023-2030 ($M)
6.Peru Anti-icing Coatings Market Revenue, 2023-2030 ($M)
7.Colombia Anti-icing Coatings Market Revenue, 2023-2030 ($M)
8.Chile Anti-icing Coatings Market Revenue, 2023-2030 ($M)
9.Rest of South America Anti-icing Coatings Market Revenue, 2023-2030 ($M)
10.UK Anti-icing Coatings Market Revenue, 2023-2030 ($M)
11.Germany Anti-icing Coatings Market Revenue, 2023-2030 ($M)
12.France Anti-icing Coatings Market Revenue, 2023-2030 ($M)
13.Italy Anti-icing Coatings Market Revenue, 2023-2030 ($M)
14.Spain Anti-icing Coatings Market Revenue, 2023-2030 ($M)
15.Rest of Europe Anti-icing Coatings Market Revenue, 2023-2030 ($M)
16.China Anti-icing Coatings Market Revenue, 2023-2030 ($M)
17.India Anti-icing Coatings Market Revenue, 2023-2030 ($M)
18.Japan Anti-icing Coatings Market Revenue, 2023-2030 ($M)
19.South Korea Anti-icing Coatings Market Revenue, 2023-2030 ($M)
20.South Africa Anti-icing Coatings Market Revenue, 2023-2030 ($M)
21.North America Anti-icing Coatings By Application
22.South America Anti-icing Coatings By Application
23.Europe Anti-icing Coatings By Application
24.APAC Anti-icing Coatings By Application
25.MENA Anti-icing Coatings By Application
26.PPG Industries, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.DowDuPont, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.NanoSonic Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.3 M Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Aerospace Advanced Composites GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.NEI Corporation., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Cytonix Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.NeverWet, LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.HygraTek, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Ecological Coatings, LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Oceanit, Sales /Revenue, 2015-2018 ($Mn/$Bn)