Global Ice Melt Products Market Size Poised for 3.9% CAGR Growth, as Predicted by Reed Intelligence

Global Ice Melt Products Market Size will approximately grow at a CAGR of 3.9% during the forecast period.North America region has the highest demand for the Ice Melt Products.

| Source: Reed Intelligence Reed Intelligence

New York, United States, Sept. 06, 2023 (GLOBE NEWSWIRE) -- The Ice Melt Products Market refers to the industry that produces and sells various substances and materials designed to melt ice and snow on surfaces such as roads, sidewalks, driveways, and parking lots. These products are essential for maintaining safe and accessible pathways during winter weather conditions, reducing the risk of accidents and injuries caused by icy surfaces.

These are the actual substances or mixtures used to melt ice and snow. Common ice melt products include rock salt (sodium chloride), calcium chloride, magnesium chloride, potassium chloride, and blends of these chemicals. Each product has different properties and effectiveness under specific temperature and weather conditions.

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Market Dynamics

The demand for ice melt products is highest in cold weather climates, where there is a greater need to prevent ice and snow from accumulating on roads, sidewalks, and walkways. The urbanization is leading to the growth of the construction industry, which is driving the demand for ice melt products for new construction projects.

There is a growing demand for ice melt products that are less harmful to the environment. This is driving the development of new ice melt products that are made from natural materials or that are biodegradable.

Granular ice melt products are more effective at melting ice than liquid ice melt products. This is driving the growth of the granular ice melt products market. Corrosion inhibitors help to protect surfaces from damage caused by ice melt products. This is driving the growth of the ice melt products market with corrosion inhibitors.

Report Scope

Report MetricDetails
Compound Annual Growth Rate (CAGR)3.9%
Forecast Period2023-2031
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments CoveredSegment by Type

  • Solid Ice Melter
  • Liquid Ice Melter
Segment by Application
  • Road
  • Airport
  • Port
  • Household
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • LATAM
Market Drivers
  • Increasing Demand For Road Safety
  •  
  • Increase In Commercial And Industrial Demand

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There are three segments in the market for ice melt products: type, application, and geography. The ice melt market is divided into three categories based on type: pellets, liquid, and granular. With more than 60% of the market share, granular ice melt is the most often used kind of ice melt. Although granular ice melt is more widely used, liquid ice melt works better at melting ice in hard-to-reach places and on slopes. A more recent variety of ice melt that is becoming more and more well-liked is pellets, which is environmentally friendly and effective.

The market is divided into three segments based on application: residential, commercial, and industrial. With more than 60% of the market share, the residential sector is the largest market for ice melt products. Because there is a growing need for ice melt goods for enterprises and other organizations, the commercial sector is likewise expanding quickly. Although the industrial sector now has the smallest market share for ice melt goods, this is anticipated to change in the upcoming years as the manufacturing and construction sectors increase their demand for ice melt products.

Regional Analysis

North America is the largest market for ice melt products, accounting for over 40% of the total market share. The growth of the North American market is being driven by the cold weather climate in the region and the increasing demand for eco-friendly ice melt products.

Europe is the second largest market for ice melt products, accounting for over 30% of the total market share. The growth of the European market is being driven by the increasing urbanization and economic development in the region.

Asia-Pacific is the fastest-growing market for ice melt products, due to the rapid urbanization and economic development in the region. China and India are the two largest markets for ice melt products in Asia-Pacific.

South America market is growing at a slower rate than the other major markets, but it is still expected to grow in the coming years. Brazil is the largest market for ice melt products in South America.

Key Highlights For Ice Melt Products Market

  • A compound annual growth rate (CAGR) of 5.5% is anticipated for the Ice Melt Products Market Size between 2023 and 2031.
  • The biggest markets for ice melt products are in North America, Europe, and Asia-Pacific.
  • Because of the region's strong economic growth and urbanization, the Asia-Pacific market for ice melt products is the one that is expanding the fastest.
  • One major factor propelling the market is the rising demand for environmentally friendly ice melt products.
  • Another important factor propelling the market is the rising demand for granular ice melt products.

 Key Players

  • Compass Minerals
  • Cargill
  • Nouryon
  • Kissner
  • Green Earth Deicer
  • Maine Salt
  • General Atomics
  • OxyChem
  • Ossian
  • Blank Industries
  • BCA Products
  • Xynyth
  • Alaskan
  • Shouguang Xinhai
  • Weifang Yuding

Ice Melt Products Market Segmentation

Segment by Type

  • Solid Ice Melter
  • Liquid Ice Melter

Segment by Application

  • Road
  • Airport
  • Port
  • Household

Segment by Region

  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • LATAM

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Ice Melt Products Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Ice Melt Products Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Ice Melt Products Market, Segment by Type
    1. Introduction
      1. Market Size and Forecast, Segment by Type
    2. Solid Ice Melter
      1. Market Size and Forecast, By Region
    3. Liquid Ice Melter
      1. Market Size and Forecast, By Region
  10. Ice Melt Products Market, Segment by Application
    1. Introduction
      1. Market Size and Forecast, Segment by Application
    2. Road
      1. Market Size and Forecast, By Region
    3. Airport
      1. Market Size and Forecast, By Region
    4. Port
      1. Market Size and Forecast, By Region
    5. Household
      1. Market Size and Forecast, By Region
  11. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      2. U.S.
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      3. Canada
    3. Europe
      1. Market Size and Forecast
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      2. U.K.
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      3. Germany
      4. France
      5. Spain
      6. Italy
      7. Russia
      8. Nordic
      9. Benelux
      10. Rest of Europe
    4. APAC
      1. Market Size and Forecast
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      2. China
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      3. Korea
      4. Japan
      5. India
      6. Australia
      7. Singapore
      8. Taiwan
      9. South East Asia
      10. Rest of Asia-Pacific
    5. Middle East and Africa
      1. Market Size and Forecast
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      2. UAE
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      3. Turky
      4. Saudi Arabia
      5. South Africa
      6. Egypt
      7. Nigeria
      8. Rest of MEA
    6. LATAM
      1. Market Size and Forecast
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      2. Brazil
        1. Segment by Type
          1. Solid Ice Melter
          2. Liquid Ice Melter
        2. Segment by Application
          1. Road
          2. Airport
          3. Port
          4. Household
      3. Mexico
      4. Argentina
      5. Chile
      6. Colombia
      7. Rest of LATAM
  12. Competitive Landscape, 2022
    1. Introduction
    2. Ice Melt Products Market Share Analysis, 2022 (%)
      1. Market Share Analysis, 2022
      2. Competition Ranking, 2022
      3. Key Developments & Growth Strategies
        1. Merger & Acquisition
        2. Product Launch
        3. Expansion
      4. Consolidated SWOT Analysis of Key Players
  13. Company Profile
    1. Compass Minerals
      1. Business Overview
      2. Financial Data
      3. Key Product Categories
      4. Recent Developments
    2. Cargill
    3. Nouryon
    4. Kissner
    5. Green Earth Deicer
    6. Maine Salt
    7. General Atomics
    8. OxyChem
    9. Ossian
    10. Blank Industries
    11. BCA Products
    12. Xynyth
    13. Alaskan
    14. Shouguang Xinhai
    15. Weifang Yuding

Read Full Table of Content and Figure @ https://reedintelligence.com/market-analysis/global-ice-melt-products-market/toc 

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Mot-clé

Ice Melt Products Market Size Winter Maintenance Ice Management Snow Melt Snow Management Ice Melt Granules Ice Melt Chemicals

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