Ice Melt Products Market Size, Share, Growth, and Industry Analysis, By Type (Solid Ice Melter and Liquid Ice Melter), By Application (Road, Airport, Port, Household, and Others), Regional Insights, and Forecast To 2031

Ice Melt Products Market Report Overview

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The global ice melt products market size was USD 3952.1 million in 2021 and is expected to touch USD 5293.26 million by 2031, exhibiting a CAGR of 3.3% during the forecasted period.

All ice melters work similarly by depressing the freezing point of ice or snow and turning the mixture into liquid or semi-liquids. The brine spreads under the ice and undercuts, breaking the bond to the surface. Once it is loose, the ice is easily removed by mechanical means, and users apply the material in anticipation of ice or snow, which prevents the bond to the surface and melts the snow or ice as it contacts the brine. The market is divided into type and application segments.

The type segment consists of the solid and liquid ice melter, whereas the application segment consists of road, airport, household, and other sectors. The factors determining the effectiveness and performance of ice melt products are their speed, the quantity of material required, and the duration of ice melting. Environmental factors of the product are also a significant consideration when investing in the development in the market.

COVID-19 Impact: Halt in Manufacturing Activities Impeded Market Growth

The global COVID-19 pandemic was unprecedented & staggering, with ice melt products experiencing lower-than-anticipated demand across all regions compared to pre-pandemic times. The sudden spike in CAGR can be attributed to demand returning to pre-pandemic levels after the pandemic is over.

With a halt in the manufacturing and production activities worldwide, the ice melt products industry was heavily impacted by significant shutdowns as market players recorded losses in investments during the last two years. Supply chain disruptions, delays in supplying prior order commitments, and transportation and movement restrictions were the factors that impacted the market significantly, thus causing a slump. These restraints affected the market growth and share with several consequences.

LATEST TRENDS

"Innovative Product Features and Quick Applications to Drive Growth"

The material required to complete the undercutting job is an effective measure of ice melter products. Another measure of performance for an ice melter is how durable its deicing action is. The longer the ice melter functions, the less reapplication is required. The shape of ice melters is essential as research shows that rounder particles have distinct performance advantages. Round particles contact a smaller surface area of granules, so they're more efficient at boring vertically downward. Therefore, this results in faster pavement penetration and disbandment.

Ice Melt Products Market Segmentation

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• By Type

The market is categorized based on types into solid ice melter and liquid ice melter. The solid ice melter segment will capture the maximum market share through 2028.

• By Application

The market is subcategorized into the road, airport, port, household, and others based on applications. The road segment is anticiapted to hold the major market share during 2022-2028.

 DRIVING FACTORS

"Adequate Time and Temperature Measurement to Aid Market Growth"

The innovative features and effectiveness of the product will drive the ice melt products market growth as these can measure the time and compare temperature ranges of different materials. The first measure of an ice melter product's efficacy is the range of temperatures in which it provides the deicing course of action. The solution penetrates the ice or snow to provide undercutting, not the solid material. There are fundamental differences in how quickly different compounds turn into a deicing brine at low temperatures. Thus, these factors will aid the market growth significantly.

"Speedy Process with Chemicals to Lead Market Growth"

Calcium and magnesium chloride are liquids in natural states, having an affinity to return as a liquid form. When solid forms of these compounds contact water, they release heat. Once calcium chloride and magnesium chloride touch snow, they pick up water to form a strong brine and emit heat to give a deicing effect, thus creating more water and developing more brine. This process is repeated for quick and effective ice melting. Therefore, these factors will drive the industry's growth significantly.

RESTRAINING FACTORS

"Harmful Effects on Environment to Impede Market Growth"

The harmful effects of ice melt products on vegetation and the potential to damage plant life will impede the product's market growth. In deicers' effects on concrete, ammonium sulfate and ammonium nitrate chemically attack concrete, affecting water's freezing point. When water's freezing point is depressed, the amount of freeze-thaw cycles the water goes through increases. Therefore, the expansion of freezing water can exceed the pressure limits of the concrete. Thus, these harmful effects on vegetation will restrain the market growth.

Ice Melt Products Market Regional Insights

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"North America to Lead Market Share with Rising Production"

As significant industrial players invest in the market, the rapidly rising production and manufacturing expansion of ice melt products in North America will lead the ice melt products market share. Product use has increased exponentially in the U.S. with innovations in the market and the rising disposable income. Along with this, the post-pandemic stir is driving regional growth with investors analyzing potential hotspots in the Northern continent to garner massive sales and revenues.

KEY INDUSTRIAL PLAYERS

The report analyzes various market players in the industry, and the information is published after proper research, analysis of trends, key developments, new initiatives, and technological developments and innovations. The report also includes thorough research on companies, regions, technical and environmental outcomes, and newly emerging industries' impact and risks. The study considers all the points after a comprehensive analysis, thus generating future possibilities for the market. Therefore, the factors mentioned in the report are subject to change as the dynamics and situation of the market change.

LIST OF TOP ICE MELT PRODUCTS COMPANIES

• K+S (Germany)
• Compass Minerals (U.S.)
• Cargill (U.S.)
• Nouryon (Netherlands)
• Kissner (Canada)
• Green Earth Deicer (U.S.)
• Maine Salt (U.S.)
• General Atomics (U.S.)
• OxyChem (U.S.)
• Ossian (U.S.)
• Blank Industries (U.S.)
• BCA Products (Spain)
• Xynyth (Canada)
• Alaskan (U.S.)
• Shouguang Xinhai (China)
• Weifang Yuding (China)

INDUSTRY DEVELOPMENT

August 2022: U.S.-based Compass Minerals has agreed to supply lithium to electric vehicle giants Ford Motor Co. and LG solutions in a significant development for the company. The ice products giant agreed to the deal as it would benefit the company to establish a market presence in Asia, thus benefiting the ice melt market with massive profits. Compass Minerals will aid the motor giants in producing lithium-ion batteries with minimal impacts, thus increasing its effectiveness as a company offering ice melting services with its minerals. 

REPORT COVERAGE

The report examines elements that affect the demand and supply factors and estimates dynamic market forces for the forecast period. It also offers drivers, restraints, the latest trends, and critical industrial developments. After evaluating the market factors, the report provides an extensive SWOT analysis. The research is subject to alteration if leading players and analysis of market dynamics change. The information estimates the factors mentioned, taken into consideration after thorough research. The report also provides information on segmentation, key industry developments, and an analysis of risks in the hemoperfusion production industry.