The anti-icing coating market is projected to grow from USD 423.4 million in 2018 to USD 1,268.1 million by 2023, at a CAGR of 24.5% between 2018 and 2023.
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Browse 88 market data Tables and 30 Figures spread through 109 Pages and in-depth TOC on “Anti-Icing Coating Market”
Some of the major players in the anti-icing coating market include PPG (US), DowDuPont (US), Fraunhofer (Germany), Battelle (US), and CG2 Nanocoatings (Canada). These players have adopted various strategies, such as mergers & acquisitions, expansions, and new product launches to grow in the anti-icing coating market. Investments & expansions was the key strategy adopted by the major players to grow in the anti-icing coating market between 2015 and 2018. This strategy accounted for a share of 46% of all growth strategies adopted by key market players. This strategy has helped companies enhance their market and expand global presence.
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PPG Industries (US) manufactures and distributes coatings and glass products. The company operates through two business units, namely, performance coatings and industrial coatings. The company also provides industrial and automotive coatings to manufacturing companies. The company has 140 manufacturing facilities in 40 countries. In June 2017, PPG (US) completed the construction of a USD 49 million paints and coatings manufacturing facility and started operations in the Lipetsk region of Russia. The site will produce about 25 million liters of coatings at full capacity. It caters to the demand for coatings in Russia.
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