Aircraft De-icing Market is Anticipated to Witness High Growth Owing to Rising International Air Passenger Traffic

 

Aircraft De-icing Market

Aircraft De-icing Market

Aircraft de-icing refers to the removal of snow, ice and frost from the exposed surfaces of an aircraft prior to take-off. Ice build-up on critical aircraft surfaces such as wings and tails can significantly reduce aircraft aerodynamics and handling during take-off or landing. Adverse weather conditions leading to ice build-up can endanger aircraft safety. Thus, aircraft de-icing helps assure the aircraft's aerodynamic integrity and safety during take-offs and landings in wintry weather conditions. The global aircraft de-icing market encompasses products such as de-icing trucks, de-icing fluid and other de-icing equipment. Rising international air passenger traffic is driving up the need for aircraft de-icing, especially at major airports across countries with harsh winters. The global aircraft de-icing market is estimated to be valued at US$ 1.24 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Aircraft De-icing Market growth are DowDuPont Contego, Aviation Solutions, JBT Corporation, Kilfrost, Textron Ground Support Equipment Inc., Lyondell Basell, BASF SE, CRYOTECH, Vestergaard Company. DowDuPont Contego and JBT Corporation currently hold a significant market share in the global aircraft de-icing market owing to their wide de-icing products portfolio and global presence across major airports.

The aircraft de-icing market is expected to witness key opportunities arising from growing air freight volumes globally. Higher air cargo results in more aircraft utilized for freight transportation, thus driving the need for de-icing equipment and services. Development of bio-based and more environment-friendly de-icing fluids is another growth opportunity in this market.

Key players in the aircraft de-icing market are expanding globally through strategic partnerships and acquisitions to tap the rising aircraft de-icing demand from airports across Asia Pacific, Europe, Middle East and Africa. For instance, DowDuPont Contego has a widespread sales and service network across North America, Europe and Asia.

Market Drivers:

Increase in air passenger traffic worldwide: The rising number of air travelers is translating to growth in aircraft movement during Winters. This is driving demand for efficient de-icing services across major airports globally. According to IATA, over 4.5 billion air passengers are anticipated in 2024, up from 3.8 billion in 2021.

Stringent regulations regarding aircraft safety during Winters: Regulatory bodies like FAA have set regulations and guidelines mandating mandatory aircraft de-icing before take-off in wintry conditions. Non-compliance can attract heavy penalties, thereby pushing airlines and airports to invest adequately in de-icing infrastructure and services.

Market Restrain:

Volatility in crude oil prices: De-icing fluid prices fluctuate in tandem with crude oil prices, which are difficult to forecast and can limit demand growth. High raw material prices can negatively impact profit margins for de-icing fluid manufacturers.

Environmental concerns regarding de-icing fluid runoff: Conventional de-icing fluids containing ethylene or propylene glycol pose risks to the local water bodies and soil when not properly contained during usage and drainage. This acts as a restrain for airports and airlines opting for environment-friendly alternatives.

Segment Analysis

The global aircraft de-icing market can be segmented based on equipment, fluid type, end-use, and geography. Based on equipment, the global aircraft de-icing market is dominated by de-icing trucks sub segment due to its ability to de-ice multiple aircraft on ground which helps airport authorities to de-ice aircraft quickly. Based on fluid type, the type IV fluid sub segment dominates as these fluids have low viscosity and ability to withstand higher temperatures without freezing during ground operations or flight.

Regional Analysis

North America dominates the global aircraft de-icing market accounting for over 35% share due to severe winter weather conditions and rigorous aviation activities in USA and Canada. Europe is the second fastest growing region due to heavy snowfall in countries like Germany, UK, Russia etc. Stringent winter aircraft ground de-icing regulations in Europe further boost the market growth.

Gets More Insights: Aircraft De-icing Market

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