The global hydrophilic coatings market size
is expected to reach USD 14.74 billion by 2025, according to a new report by
Grand View Research, Inc. Growing demand for hydrophilic coatings in medical
and automotive application is expected to complement market growth over the
forecast period.
The demand for hydrophilic coatings is high
in medical devices and equipment industry as the industry consumes a
significant amount of the overall coatings manufactured. The product creates a
lubricious surface resulting in the reduction of medical device stiction,
thereby aiding the device positioning by reducing the risk of infection. As a
result, the demand for the product is expected to grow significantly over the
forecast period.
The surface wettability of materials plays
a key role in ensuring the safety and comfort of the drivers, irrespective of
the weather conditions. As a result, the hydrophilic coatings are applied on
the windshields and mirrors of the vehicles. In addition, the coating generates
a good water run-off which enables its use in the evaporators of automotive
systems, driving its demand in automotive industry.
The hydrophilic coating market is highly
competitive on account of low product differentiation. The major players in the
market including Biocoat Inc., Aculon Inc., Harland Medical Systems Inc. and
Surmodics Incorporated are constantly undergoing strategic alliances and
diverse product innovations to gain market share.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/hydrophilic-coatings-market
https://www.grandviewresearch.com/industry-analysis/hydrophilic-coatings-market
Further key findings from the report suggest:
· Polymer substrate accounted for 34.7% of
the revenue share as polymers are characterized by low cost, versatility, high
durability, lightweight, portable and its flexibility, resulting in freedom of
design
· The demand for the coatings for glass
substrate was valued at USD 1,665.5 million in 2015 owing to the use of
hydrophilic coated glass for eyeglasses, mirrors, optical lenses, and on
instruments in humid environments
· The demand for the product in aerospace
industry is expected to grow at a CAGR of 4.6% as the coatings are applied in
the aerospace industry on several types of aircrafts in order to create a
smooth outer surface and ensure additional protection
· The demand in Asia Pacific is expected to
grow at a CAGR of 6.2% owing to the increasing automotive production in region
coupled with the utilization of advanced medical devices and equipment in
developing economies including China and India
· The companies operate in multiple locations
with their manufacturing facilities and distribution carried out through
several sales locations across the regions of operation coupled with third
party distribution agencies augmenting the sales network
Grand View Research has segmented the
hydrophilic coatings market on the basis of substrate, application and region:
Hydrophilic Coatings Substrate Outlook (Volume,
Kilotons; Revenue, USD Million; 2014 - 2025)
·
Polymers
·
Glass
·
Metal
·
Nanoparticles
·
Others
Hydrophilic Coatings Application Outlook
(Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
·
Aerospace
·
Automotive
·
Marine
·
Medical devices & equipment
·
Optical
·
Others
Hydrophilic Coatings Regional Outlook
(Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
