De-icing Fluids Market to Grow at a CAGR of over 5% Until 2021: Says TechSci Research
NEW YORK, September 6, 2016 /PRNewswire/ --
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.
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Browse 19 market data Tables and 112 Figures spread through 160 Pages and an in-depth TOC on
"Global De-icing Fluids Market"
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.
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