De-icing Fluids Market to Grow at a CAGR of over 5% Until 2021
Anticipated
growth in the global aviation sector to fuel demand for de-icing fluids through
2021
According to TechSci Research
report “Global
De-Icing Fluids Market By Type, By Application, By Composition, Competition Forecast
and Opportunities, 2011 - 2021”, global de-icing fluids market is projected
to grow at a CAGR of more than 5% during 2016-2021. Air liners dominate demand
for de-icing fluids in commercial as well as non-commercial sectors for aircraft
maintenance operations. Aircraft de-icing fluids are extensively being utilized
in ground operations, especially in North America and Europe. Growing consumption
of aircraft de-icing fluids in snow struck areas across the globe over
traditional de-icing methods is driving de-icing fluid manufacturers to deliver
advanced products to address end user needs. Additionally, changing atmospheric
conditions and rising number of aircraft crashes due to mismanaged ground
operations and ice deposition on the surface, is boosting demand for de-icing
fluids.
Browse 19 market data Tables and 112 Figures
spread through 160 Pages and an in-depth TOC on "Global De-icing Fluids Market"
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Growth in air
passenger and cargo traffic is anticipated to drive global de-icing fluids market
in the coming years. Rising per capita income, increasing affordability, changing
lifestyles, growing working population base and improving standards of living
in both developed and developing regions is projected to boost business travel,
and thus, drive aviation sector. Rising trend of air travel, growing population
base and expanding tourism sector, especially in cold regions, is anticipated to
augment demand for de-icing fluids from the commercial aviation sector over the
next five years. Revenues generated by passenger airlines across the globe are estimated
to cross $ 530 billion in 2016. Further, rising demand for de-icing fluids from
the non-commercial sector is also growing due to strong demand for private
jets, private helicopters and military aircraft. Manufacturing companies are
majorly using propylene glycol for production of de-icing fluids, as propylene
glycol is less toxic, more effective and requires lesser efforts while
decomposing or treating the used fluid.
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“Primary
application of de-icing fluids is to protect the aircraft from snow/ice
deposition. However, these fluids are associated with various drawbacks.
Consequently, global de-icing fluids market has been undergoing various
structural changes in order to improve the characteristics of these de-icing
fluids. Scientists and researchers across the globe are working towards developing
new product formulations in order to enhance its operational feasibility for
airport authorities. Technological advancements coupled with expanding aviation
sector and need for multiple functionalities by end user industries is anticipated
to boost demand for de-icing fluids across the globe in the coming years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global De-Icing Fluids Market By Type, By Application, By Composition, Competition
Forecast and Opportunities, 2011 - 2021” has analyzed the
prospective demand for de-icing fluids, and provides statistics and information
on market sizes, consumer behavior and trends. The report will suffice in
providing intending clients with cutting-edge market intelligence and help them
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers and key challenges faced by
the industry.
About TechSci Research
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