01-Dec-2022 | Zion Market Research
The global anti-icing and de-icing nanocatings market size was worth around USD 360 million in 2021 and is predicted to grow to around USD 1000 million by 2028 with a compound annual growth rate (CAGR) of roughly 18 % between 2022 and 2028.
Ice formation on the surface is a common issue, especially in regions that have extremely low temperatures or during the winter season. Forming of ice is due to the absence of heat counterbalancing and it can impact the overall performance of the product including operational parts of the equipment in general. Anti-icing and de-icing coatings are applied to objects or structures to prevent icing on them and the eventual performance decline.
With the growing advent of technology and its rising application, anti-icing and de-icing nanocoating have not only become a possibility but one of the highly preferred choices for protecting surfaces from the damage caused by ice accumulation. Nanotechnology is the branch of science that deals with creating structures that have a length of fewer than 100 nanometers.
The technology is used across industries and sectors owing to the various benefits associated with systems employing nanotechnology. For instance, it can help reduce the overall cost, it is known to improve fuel efficiency due to the presence of thermal nanocomponents. It can also save energy, thus acting as an essential contributor to the overall performance of the business.
The global anti-icing and de-icing nanocoatings market is projected to grow owing to the growing applications of these compounds or protective coatings in space exploration activities. The world has always been interested in learning about space as much as possible. Ongoing efforts have helped corporations and governments with the capacity to increase space exploration activities.
A lot of these agencies are well-funded and technologically equipped to man such undertakings. However, with the growing interest in the sector, the demand for anti-icing and de-icing technologies is expected to grow further as they form an integral part of the proper functioning of space shuttles that have to withstand extremely low temperatures in space. In 2021, the public sector funding for space exploration activities reached up to USD 10 billion which is 10 times more than all the funding combined in the last decade. The amount is expected to cross USD 100 billion by the end of 2030.
However, the high cost associated with the deployment of nanotechnology in creating anti-icing and de-icing compounds may restrict the global market growth. Many players in the electronics sector, one of the important consumers of ice-preventing systems, may choose other options of ice-prevention that are more cost-effective. With years, and further development in nanotechnology, the cost is expected to lower and the global market could witness an increase in consumer groups.
The increasing demand in the food sector may provide growth opportunities while safety concerns in the food industry are expected to challenge the market expansion.
The global anti-icing and de-icing nanocoating market are segmented based on application, types, and region.
Based on application, the global market is divided into textiles, electronics, automotive, food & packaging, construction, and others. In 2021, the global market witnessed the highest growth in revenue in the automotive sector. Since automotive vehicles including cars, bikes, pickups, sports utility vehicles, and others are highly prone to the formation of ice on various surfaces, especially in regions that have extremely cold weather resulting in the gradual decline of performance. Almost all players in the automotive industry employ some form of applying anti-icing and de-icing nanocoatings on automotive parts including wipers, alternators, door handles, batteries, and others. More than 23% of all weather-related car accidents are caused due to icing on the roads.
Based on type, the global market segments are organic nanocoating and inorganic nanocoating. In 2021, the global market was led by the latter segment owing to the high demand for synthetically produced coatings since they offer higher performance value. Since inorganic nanomaterial can be created using non-metal and metal elements the possibility of creating many subtypes is higher. However, the demand for organic nanocoating is increasing in the F&B sector. SuperAi, produced by NANOMYTE can reduce ice adhesion by up to 80% as claimed by the company.
The global anti-icing and de-icing nanotechnology market is projected to be dominated by North America during the forecast period owing to the growing investments in the space exploration sector of the United States. The region is home to one of the most well-equipped space administration agencies called The National Aeronautics and Space Administration (NASA), which has already undertaken massive exploratory projects including the moon landing.
As per reports from the federal agencies, the agency’s annual budget for the fiscal year 2022 was USD 30.62 billion, most of which was spent on activities associated with space exploration. Asia-Pacific may witness high CAGR due to the growing applications of ice-preventing compounds in the electronics sector largely held by countries like China, India, Japan, and Taiwan. In 2021, the export value of Taiwanese electronics products reached USD 172.07 billion.
The global anti-icing and de-icing nanocoatings market is dominated by players like Nanosonic, Kiss Polymers, Nanovere Technologies, Opus Materials Technology, Nanohmics, Battelle, Hygratek, and others.
This review is based on a report by Zion Market Research, titled “Anti-Icing and De-Icing Nanocoatings Market By Application (Textiles, Electronics, Automotive, Food & Packaging, Construction, and Others), By Type (Organic Nanocoating, and Inorganic Nanocoating), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/anti-icing-and-de-icing-nanocoatings-market
The global anti-icing and de-icing nanocoating market is segmented as follows:
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