Anti-Icing Coating Market by Substrate (Metals, Glass, Concrete & Ceramics), End-Use Industry (Automotive & Transportation, Renewable Energy, Communication Equipment, Construction and Others), and Region - Global Forecast to 2023
The anti-icing coating market is projected to grow from USD 423.4 million in 2018 to USD 1,268.1 million by 2023, at a CAGR of 24.5% between 2018 and 2023. The growing demand from end-use industries such as automotive & transportation, renewable energy, communication equipment, construction, and others is expected to fuel the growth of the anti-icing coating market. However, the availability of cost-effective substitutes is expected to restrain the growth of the anti-icing coating market during the forecast period.
Automotive & transportation is the largest end-use industry segment of the anti-icing coating market.
Anti-icing coatings are used in various end-use industries, such as automotive & transportation, renewable energy, communication equipment, construction, and others. However, automotive & transportation is the most dominant end-use industry, owing to the use of anti-icing coating in most of the aircraft globally. These coatings are also used in automobiles, marine, and railways in cold climatic regional countries such as the US, Canada, Russia, and Scandinavian countries, which drives the growth of the anti-icing coating market in the automotive & transportation end-use industry.
Rising demand from North America is the major driver for the anti-icing coating market.
Europe is estimated to account for the largest market share, in terms of both volume and value, in 2018. However, the anti-icing coating market in North America is projected to grow at the highest CAGR between 2018 and 2023, in terms of value. The North American anti-icing coating market is driven by the cold climatic environment and heavy investments in industries such as automotive & transportation, renewable energy, construction, and communication equipment. Growing number of aircraft in North America and rise in purchasing power of consumers have led to the growth in the manufacturing of anti-icing coatings in the North America region.
Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and subsegments.
Breakup of Primary Interviews:
- By Company Type: Tier 1 – 50%, Tier 2 – 25%, and Tier 3 – 25%
- By Designation: D Level – 42%, C Level – 16%, and Others – 42%
- By Region: APAC – 42%, Europe – 33%, North America – 17%, and RoW – 8%
Research Coverage:
The anti-icing coating market has been segmented on the basis of substrate (metals, glass, concrete & ceramics), end-use industry (automotive & transportation, renewable energy, communication equipment, construction, others), and region (North America, Europe, APAC, ROW). The end-use industry segment is further analyzed for each country in respective regions.
Reasons to buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, value-chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on anti-icing coatings offered by top players in the anti-icing coating market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the anti-icing coating market.
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for anti-icing coating across regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the anti-icing coating market.
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the anti-icing coating market.
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 ASSUMPTIONS
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 SIGNIFICANT OPPORTUNITIES IN THE ANTI-ICING COATING MARKET
4.2 ANTI-ICING COATING MARKET, BY END-USE INDUSTRY
4.3 ANTI-ICING COATING MARKET, BY END-USE INDUSTRY AND COUNTRY (2017)
4.4 ANTI-ICING COATING MARKET: DEVELOPED VS. DEVELOPING COUNTRIES
4.5 ANTI-ICING COATING MARKET, BY C0UNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 High demand in the cold climatic regions
5.2.1.2 Superior properties of anti-icing coatings
5.2.2 RESTRAINTS
5.2.2.1 Availability of cost-effective substitutes
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand in communication equipment industry
5.2.4 CHALLENGES
5.2.4.1 Stringent regulatory policies
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACROECONOMIC OVERVIEW AND KEY TRENDS
5.4.1 INTRODUCTION
5.4.2 TRENDS AND FORECAST OF GDP
5.4.3 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY
5.4.4 TRENDS AND FORECAST OF AUTOMOTIVE INDUSTRY
5.4.5 TRENDS AND FORECAST OF AEROSPACE INDUSTRY
5.4.6 TRENDS AND FORECAST OF WIND ENERGY INDUSTRY
6 ANTI-ICING COATING MARKET, BY SUBSTRATE
6.1 INTRODUCTION
6.2 METALS
6.3 GLASS
6.4 CONCRETE & CERAMICS
7 ANTI-ICING COATING MARKET, BY END-USE INDUSTRY
7.1 INTRODUCTION
7.2 AUTOMOTIVE & TRANSPORTATION
7.2.1 AIRCRAFT & AVIATION
7.2.2 AUTOMOBILES
7.2.3 MARINE
7.2.4 RAIL
7.3 RENEWABLE ENERGY
7.3.1 SOLAR ENERGY PLANTS
7.3.2 WIND ENERGY PLANTS
7.4 COMMUNICATION EQUIPMENT
7.5 CONSTRUCTION
7.6 OTHERS
7.6.1 ELECTRICAL INSULATORS
7.6.2 COLD STORAGES
8 ANTI-ICING COATING MARKET, BY REGION
8.1 INTRODUCTION
8.2 NORTH AMERICA
8.2.1 US
8.2.2 CANADA
8.3 EUROPE
8.3.1 RUSSIA
8.3.2 SWITZERLAND
8.3.3 GERMANY
8.3.4 FRANCE
8.3.5 ITALY
8.3.6 UK
8.3.7 TURKEY
8.3.8 POLAND
8.3.9 SCANDINAVIA
8.3.10 REST OF EUROPE
8.4 APAC
8.4.1 CHINA
8.4.2 INDIA
8.4.3 JAPAN
8.4.4 SOUTH KOREA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 REST OF APAC
8.5 REST OF THE WORLD (ROW)
8.5.1 BRAZIL
8.5.2 MIDDLE EAST
8.5.3 AFRICAN AND SOUTH AMERICAN COUNTRIES
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 INVESTMENT & EXPANSION
9.3 MERGER & ACQUISITION
9.4 JOINT VENTURE, PARTNERSHIP, CONTRACT & AGREEMENT
9.5 NEW PRODUCT LAUNCH
10 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View)*
10.1 PPG INDUSTRIES
10.2 DOWDUPONT
10.3 FRAUNHOFER-GESELLSCHAFT
10.4 NEVERWET
10.5 NEI CORPORATION
10.6 BATTELLE MEMORIAL INSTITUTE
10.7 CG2 NANOCOATINGS INC.
10.8 AEROSPACE & ADVANCED COMPOSITES GMBH
10.9 NANOSONIC INC.
10.10 CYTONIX
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View might not be captured in case of unlisted companies.
10.11 ADDITIONAL COMPANIES
10.11.1 ECOLOGICAL COATINGS
10.11.2 HYGRATEK
10.11.3 KISS POLYMERS
10.11.4 NBD NANOTECHNOLOGIES
10.11.5 OCEANIT
10.11.6 OPUS MATERIALS TECHNOLOGIES
10.11.7 HELICITY TECHNOLOGIES
11 APPENDIX
11.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
11.5 AVAILABLE CUSTOMIZATIONS
11.6 RELATED REPORTS
11.7 AUTHOR DETAILS
TABLE 1 ANTI-ICING COATING MARKET SNAPSHOT (2018 VS. 2023)
TABLE 2 TRENDS AND FORECAST OF GDP: ANNUAL PERCENTAGE CHANGE
TABLE 3 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP OF NORTH AMERICA, BY COUNTRY, 2014–2021 (USD BILLION)
TABLE 4 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP OF EUROPE, BY COUNTRY, 2014–2021 (USD BILLION)
TABLE 5 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP OF APAC, BY COUNTRY, 2014–2021 (USD BILLION)
TABLE 6 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP OF MIDDLE EAST
& AFRICA, BY COUNTRY, 2014–2021 (USD BILLION)
TABLE 7 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP OF SOUTH AMERICA, BY COUNTRY, 2014–2021 (USD BILLION)
TABLE 8 AUTOMOTIVE PRODUCTION, BY REGION/COUNTRY, 2014–2017 (THOUSAND UNIT)
TABLE 9 GLOBAL GROWTH INDICATORS OF AEROSPACE INDUSTRY, 2016–2035
TABLE 10 GROWTH INDICATORS OF AEROSPACE INDUSTRY, BY REGION, 2016–2035
TABLE 11 NEW AIRPLANE DELIVERIES, BY REGION, 2016–2035
TABLE 12 WIND ENERGY INSTALLATIONS, BY REGION, 2017–2021 (GW)
TABLE 13 ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 14 ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 15 ANTI-ICING COATING MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2016–2023 (USD THOUSAND)
TABLE 16 ANTI-ICING COATING MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2016–2023 (TON)
TABLE 17 ANTI-ICING COATING MARKET SIZE IN RENEWABLE ENERGY, BY REGION, 2016–2023 (USD THOUSAND)
TABLE 18 ANTI-ICING COATING MARKET SIZE IN RENEWABLE ENERGY, BY REGION, 2016–2023 (TON)
TABLE 19 ANTI-ICING COATING MARKET SIZE IN COMMUNICATION EQUIPMENT, BY REGION, 2016–2023 (USD THOUSAND)
TABLE 20 ANTI-ICING COATING MARKET SIZE IN COMMUNICATION EQUIPMENT, BY REGION, 2016–2023 (TON)
TABLE 21 ANTI-ICING COATING MARKET SIZE IN CONSTRUCTION, BY REGION, 2016–2023 (USD THOUSAND)
TABLE 22 ANTI-ICING COATING MARKET SIZE IN CONSTRUCTION, BY REGION, 2016–2023 (TON)
TABLE 23 ANTI-ICING COATING MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2023 (USD THOUSAND)
TABLE 24 ANTI-ICING COATING MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2023 (TON)
TABLE 25 ANTI-ICING COATING MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
TABLE 26 ANTI-ICING COATING MARKET SIZE, BY REGION, 2016–2023 (TON)
TABLE 27 NORTH AMERICA: ANTI-ICING COATING MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
TABLE 28 NORTH AMERICA: ANTI-ICING COATING MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
TABLE 29 NORTH AMERICA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 30 NORTH AMERICA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 31 US: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 32 US: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 33 CANADA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 34 CANADA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 35 EUROPE: ANTI-ICING COATING MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
TABLE 36 EUROPE: ANTI-ICING COATING MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
TABLE 37 EUROPE: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 38 EUROPE: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 39 RUSSIA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 40 RUSSIA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 41 SWITZERLAND: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 42 SWITZERLAND: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 43 GERMANY: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 44 GERMANY: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 45 FRANCE: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 46 FRANCE: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 47 ITALY: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 48 ITALY: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 49 UK: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 50 UK: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 51 TURKEY: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 52 TURKEY: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 53 POLAND: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 54 POLAND: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 55 SCANDINAVIA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 56 SCANDINAVIA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 57 REST OF EUROPE: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 58 REST OF EUROPE: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 59 APAC: ANTI-ICING COATING MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
TABLE 60 APAC: ANTI-ICING COATING MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
TABLE 61 APAC: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 62 APAC: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 63 CHINA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 64 CHINA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 65 INDIA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 66 INDIA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 67 JAPAN: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 68 JAPAN: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 69 SOUTH KOREA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 70 SOUTH KOREA: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 71 AUSTRALIA & NEW ZEALAND: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 72 AUSTRALIA & NEW ZEALAND: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 73 REST OF APAC: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 74 REST OF APAC: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 75 ROW: ANTI-ICING COATING MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
TABLE 76 ROW: ANTI-ICING COATING MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
TABLE 77 ROW: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 78 ROW: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 79 BRAZIL: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 80 BRAZIL: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 81 MIDDLE EAST: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 82 MIDDLE EAST: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 83 AFRICAN AND SOUTH AMERICAN COUNTRIES: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
TABLE 84 AFRICAN AND SOUTH AMERICAN COUNTRIES: ANTI-ICING COATING MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
TABLE 85 INVESTMENT & EXPANSION, 2015–2018
TABLE 86 MERGER & ACQUISITION, 2015–2018
TABLE 87 JOINT VENTURE, PARTNERSHIP, CONTRACT & AGREEMENT, 2015–2018
TABLE 88 NEW PRODUCT LAUNCH, 2015–2018
The report "Anti-Icing Coating Market by Substrate (Metals, Glass, Concrete & Ceramics), End-Use Industry (Automotive & Transportation, Renewable Energy, Communication Equipment, Construction and Others), and Region - Global Forecast to 2023", The market size of anti-icing coatings is projected to grow from USD 423.4 million in 2018 to USD 1,268.1 million by 2023, at a CAGR of 24.5% from 2018 to 2023. It is driven by a wide range of end-use industries, namely, automotive & transportation, renewable energy, communication equipment, construction, and others. In addition, the increasing number of aircraft globally is also expected to drive the use of anti-icing coating in the automotive & transportation end-use industry.
PPG (US), DowDuPont (US), Fraunhofer (Germany), Battelle (US), CG2 Nanocoatings (Canada), Aerospace & Advanced Composites (Austria), Nanosonic (US), NEI Corporation (US), Cytonix (US), NeverWet (US), and others.Diverse product portfolio, strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are the factors strengthening the market position of these companies. These companies have adopted various organic and inorganic growth strategies to enhance their market share in the anti-icing coating market.
The anti-icing coating market has been segmented on the basis of substrate (metals, glass, concrete & ceramics), end-use industry (automotive & transportation, renewable energy, communication equipment, construction, others), and region (North America, Europe, APAC, ROW). The end-use industry segment is further analyzed for each country in respective regions.
PPG Industries (US) manufactures and distributes coatings and glass products. The company operates through two business units, namely, performance coatings and industrial coatings. The company also provides industrial and automotive coatings to manufacturing companies. The company has 140 manufacturing facilities in 40 countries. In June 2017, PPG (US) completed the construction of a USD 49 million paints and coatings manufacturing facility and started operations in the Lipetsk region of Russia. The site will produce about 25 million liters of coatings at full capacity. It caters to the demand for coatings in Russia. The company has been actively involved in acquiring emerging companies in the anti-icing coating market. For example, in February 2018, PPG announced that it has reached a definitive agreement to acquire ProCoatings, a leading architectural paint and coatings wholesaler located in the Netherlands. This will help cater to the demand for coatings in the European region.
There are several major North America and European players in the anti-icing coating market. DowDuPont was formed by the merger of the Dow Chemical Company and DuPont. The merger was intended to form a strong, independent, publicly traded company for agriculture, materials science, and specialty products sectors. It operates through the following segments: agriculture; performance materials & coatings; industrial intermediates & infrastructure; packaging & specialty plastics; and electronics & imaging. The performance material & coatings segment provides anti-icing coating. The company is mainly focusing on mergers & acquisitions. For example, in September 2017, DowDuPont announced the successful completion of the merger of equals between The Dow Chemical Company (Dow) and E.I. du Pont de Nemours & Company (DuPont). The combined entity is operating as a holding company under the name DowDuPont.
Metal is the largest substrate segment of the anti-icing coating market.
The anti-icing coating market has been segmented on the basis of substrate into metals, glass, and concrete & ceramics. In 2018, the metal segment is estimated to have the largest market share, in terms of volume, due to the demand for anti-icing coatings for wings and turbines of aircraft. They are also applied on metal substrates of tire rims, doors, and locks of automobile and aircraft.
Rising demand from cold climatic regions is driving the anti-icing coating market.
Europe accounted for the largest share of the anti-icing coating market, in terms of both volume and value, in 2017. The anti-icing coating market in North America is projected to grow at the highest CAGR between 2018 and 2023, in terms of value, because of the increasing number of aircraft. The high demand in cold climatic regions is the major driver for the anti-icing coating market. Russia is estimated to be the leading country in the European anti-icing coating market in 2018, owing to the expected increase in demand for anti-icing coatings during the forecast period from automotive & transportation, renewable energy, construction, and communication equipment end-use industries. This market is expected to witness high growth in the future in other cold climatic countries such as the US, Canada, and Scandinavian countries.
