Anti Icing Coating Market Size to Rise at a Moderate CAGR of 14.04% from 2018 to 2026
The global anti-icing coatings market was valued at US$ 488.6 Mn in 2017 and is anticipated to expand at a CAGR of 14.04% from 2018 to 2026, according to a new report titled ‘Anti-icing Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). The global anti-icing coatings market is driven by the rise in demand for these coatings in the aerospace & automotive segment. Europe accounts for major share of the global anti-icing coatings market. High Costs and Safety Concerns Associated with Damages Caused due to Icing to Drive Market Growth Icing or accumulation of ice caused by freezing of liquid on a surface hampers the functioning of systems. For instance, icing on screens and body of aircraft damages their aerodynamic shape to a large extent. It also increases the load on the aircraft. This boosts fuel consumption and challenges the structural integrity of the airc...