March 25, 2019
WELLESLEY, Mass., March 25, 2019— A new report from BCC Research, “Global Markets of Ice-Resistant Coatings,” estimates that by 2023, the global market for ice-resistant coatings will reach $1.2 billion, up from $404.5 million, indicating a very strong compound annual growth rate (CAGR) of 23.3%.
Ice resistant coatings, or anti-ice coatings, ice-repellant coatings and icephobic coatings, protect coated surfaces such as plastics, metals, concrete, glass and composite materials from the safety, economic and environmental issues caused by snow, ice, frost and sleet.
“In the near future, technological advancements and new product announcements in this market are expected to drive the widespread adoption of ice prevention surfaces on commercial and non-commercial scales,” the report notes.
The Impact of Wind Energy
Wind energy projects are gaining more traction across the world, particularly across cold climate areas. However, ice buildup on rotor blades and instruments is a common problem associated with wind power, and ice resistant or anti-ice or icephobic coatings can prevent that buildup. The growing deployment of wind energy projects is expected to boost the demand for ice-resistant or anti-ice or icephobic coatings.
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Global Markets for Ice-Resistant Coatings( AVM175A )
Publish Date: Mar 2019
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