Global Aircraft De-Icing Fluids Market Forecast:
The Aircraft De-Icing Fluids Market is projected to grow at a healthy rate over the next five years to reach US$ 877.6 million in 2024. The Aircraft De-Icing Fluids Market growth depends upon numerous factors which have direct or indirect impact on the demand. Our report has the summary of such factors derived using SWOT, PEST, industry life cycle and supply chain analysis. These methods help in analysing the strength of the companies and identify gaps as well as opportunities to lay out a successful roadmap which leads to higher profitability.
Some linchpins in the market are:
- ADDCON Europe GmbH
- Clariant AG
- Cryotech Deicing Technology
- DowDuPont, Inc.
- Kilfrost Group Plc
- LNT Solutions Limited
- Inland Technologies Inc.
- Abax Industries SAS
- Proviron Functional Chemicals NV
- Aviation Xian Hi-Tech Physical Chemical Co., Ltd.
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Aircraft De-Icing Fluids Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Aircraft De-Icing Fluids Market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
COVID-19 IMPACT Analysis on Aircraft De-Icing Fluids Market
Coronavirus has influenced every one of the organizations, little or large, dealing in any sector. The growth curves of Aircraft De-Icing Fluids Market have seen immense fluctuations in the year 2020. The market scenario and the pace of growth have taken a colossal turn and have prompted numerous adjustments in the cycles, which will have repercussions for a significant stretch. 2021 is probably going to be superior to 2020 for the Aircraft De-Icing Fluids Market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2019 to 2024.
In terms of regions, North America is projected to remain the largest market for aircraft de-icing fluids during the forecast period, primarily driven by the USA. The country is the growth engine of the region’s market and has one of the largest fleets of aircraft across the world. Airbus, in its commercial aircraft outlook 2018-2037, stated that there will be total deliveries of 6,307 passenger and freighter aircraft in North America during 2018-2037. The company also anticipated that there will be a total active fleet of 8,281 passenger and freighter aircraft in the region by 2037. The USA also has the largest fleet of regional aircraft, business jets, military aircraft, and UAVs, which further pledges the dominance of the USA in the global market.
Europe is projected to remain the second-largest market during the forecast period and is projected to witness the second-highest CAGR during the forecast period. Increasing aircraft fleet size and rising air passenger traffic in the colder regions are the major factors driving the demand for de-icing fluids in Europe. Clariant and Inland Technologies Inc. are the major players, which are based in Europe and supply de-icing fluid products to the major airlines of Europe. Airbus, as of 30 Nov. 2018, has a total order backlog of 7,337 commercial aircraft. The company is raising the production rate of its best-selling aircraft: A320 including neo and A350XW, order to meet the huge order backlog.
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