Hydrophilic coatings are the kinds of coatings that are applied to different devices and products in order to minimize friction and also reduce the formation of any condensation on the devices so that they can be used without any problems by the consumer. Such coatings also help to make the product UV-resistant, increase its strength and improve the overall life of the product. These coatings exhibit features that attract water and are react to water and produce lubricating and wettable hydrogel material that is ideal for biological interactions. Such coating can be applied to various devices that use in industries such as medical, aerospace, automotive and many others.
A surge in the adoption of hydrophilic coatings by end-use industries, such as automotive, healthcare, marine, and aerospace is major driving factor behind the market growth. Likewise, factors such as rapid growth in the medical device market, increasing demand for lightweight materials by the automotive industry, rising need to improve the performance, durability and safety of the various products that used in end user industries, escalating inclination towards waterproof coatings in automobile, and growing technological advancements in the field of coating solutions are anticipated to flourish the growth of the market during forecast period. However, high production cost associated with the hydrophilic coatings is major restraining factor that could hamper the growth of the market.
The study analyses global hydrophilic coatings market based on substrate, end user and geography.
Based on substrata, polymer segment is witnessing fastest growth. Polymers that dissolve in, or are swollen by, water are known as hydrophilic polymers. Some of the examples of hydrophilic polymers are polyethylene glycol ethers, cellulose, proteins, polyamides, polyacrylic amides, ethoxylated graft polymers, and polyurethanes with polyethylene glycol ether soft segments. Thus rising adoption of these hydrophilic polymers for coating applications is improving the growth of the market.
Based on end user, medical devices segment dominated the market in the previous years and is expected to maintain its dominance at high growth rate during the forecast period. Increasing use of hydrophilic coatings in medical industry mainly to apply this coating to several medical devices such as guide wires, catheters, and cannulas is major driving factor behind the market growth. Hydrophilic coatings on medical devices create a lubricating surface that decreases the trauma and irritation caused by the insertion of a medical device in the body. Additionally, this coatings help to protect the medical devices from bacterial colonization and reduces the risks of potential infections. Thus rising significance of hydrophilic coatings in medical devices industry is expanding the market growth.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America held the largest market share of global hydrophilic coatings market and is likely to dominate the market over the estimated time frame. Rapid growth in the medical device market across the countries such as the United States and Canada, rising investment in medical industry, growing technological advancements in the field of coating solution, escalating automotive production, and surge in the adoption of various coating solutions for the prevention of various medical instruments are some of the key contributing factors behind the market growth across the region.
The major key players of market includes Aculon, Advansource Biomaterials Corporation, Applied Medical Coatings, Ast Products Inc, Biocoat Incorporated, Coatings2go, Corning Incorporated, DSM, Formacoat LLC, Harland Medical Systems Inc, Hydromer Inc, Sono-Tek Corporation, Surface Solutions Group LLC and Surmodics Inc among others.
The study analyses global hydrophilic coatings market based on substrate, end user, and geography. Hydrophilic Coatings market by substrate is segmented into glass/ceramics, metals, nanoparticles, polymers, others. The polymer segment is likely to dominate the market over the forecast period. Increasing importance of polymers in coating applications owing to its several benefits is attributed to the market growth. By end user, the market is segmented into aerospace, automotive, marine, medical devices, optics, others. The medical devices segment is likely to register fastest growth in years to come owing to the rising need to provide protection to medical devices from harmful environmental effects. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
Why to buy this report:
The report offers changing market dynamics in the hydrophilic coatings market industry, presenting historical, current and projected market size in terms of value (USD Million)
The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of the hydrophilic coatings market
It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments and a neutral perspective of the hydrophilic coatings market performance
The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of hydrophilic coatings market.