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The Aircraft De-icing Fluids Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Aircraft De-icing Fluids is the increasing demand for Aircraft De-icing Fluids in various industries.
This report on the Aircraft De-icing Fluids Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Aircraft De-icing Fluids Market. The report intends to present a thorough analysis of the Aircraft De-icing Fluids Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Aircraft De-icing Fluids Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Aircraft De-icing Fluids Market are-
Clariant AG,
DowDuPont Inc,
Proviron Functional Chemicals NV,
ADDCON GmbH,
Aviation Xi-an High-Tech Physical Chemical Co., Ltd.,
Kilfrost Group Plc,
Cryotech Deicing Technology,
LNT Solutions,
Inland Technologies,
Abax Industries SAS.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft De-Icing Fluids Market value and growth drivers over the trend period of 2019-24. According to the report -
The global 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. Rise in air passenger and cargo traffic, increasing construction of new airports & expansion of existing airports, rising accidents & problems associated with snow deposition on aircraft, expanding global tourism sector especially in colder regions, and increasing demand for eco-friendly and recyclable de-icing materials are the major factors that are driving the demand for aircraft de-icing fluids. North America and Europe are the biggest demand generators for de-icing fluids with a combined share of more than two-thirds of the total market.
Segment Analysis:
Based on Aircraft Type:
Based on the aircraft type, the market is bifurcated into Commercial Aircraft, Military Aircraft, General Aviation, and UAV. Commercial aircraft is likely to remain the most dominant segment of the market over the next five years. It is also likely to be the fastest-growing segment over the forecast period, mainly driven by the rising passenger traffic and an increasing fleet of commercial aircraft in the cold regions such as North America and Europe. In the winter season, thousands of the flights get canceled or delayed worldwide due to low temperature and icy weather conditions. It acts as a major bottleneck for the airlines in providing a better service to its customers along with an adverse impact on their profitability/margin.
Based on Region:
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.
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