Hydrophilic Coatings Market Trend, Share, Growth, Size, Analysis and Forecast 2030

Table Of Content

Methodology

Free Analysis

Hydrophilic coatings are used to enhance lubricity and reduce surface friction. Many hydrophilic coatings contain a loosely cross-linked polymer coating which readily uptake liquid when exposed to a source. These coatings are lubricious and wettable and can be applied to a variety of materials and surfaces. This coating forms hydrogen bonds with water because it is negatively charged and ionic in nature. Moreover, hydrophilic coatings are widely used in medical devices to form lubricious surfaces thereby, to reduce the irritation and trauma caused due to the insertion of a medical device into the body. Additionally, it also reduces infection possibilities by preventing the bacterial colonization of the medical device.  

The global hydrophilic coating market is projected to witness the highest growth within the forecast period owing to the increasing demand for medical devices across the globe. The hydrophilic coatings are extensively used in automotive industry to manufacture parts of automotive like body for glazing and rear-view mirrors to protect from fog; therefore, it is anticipated that the demand for hydrophilic coatings will increase globally. However, fluctuating prices of raw material are expected to hamper the hydrophilic coating market across the globe. But, the growing usage of hydrophilic coatings in the consumer electronics is likely to boost its demand in the upcoming years. 

The hydrophilic coating market is classified on the basis of substrate type and application. The substrate type segment of hydrophilic coating market includes polymers, glass/ceramics, nanoparticles, metals, and others. The polymer substrate contributed to the largest market share in 2017 and is anticipated to maintain its growth in the upcoming years. The hydrophilic coating market is segmented on the basis of the application which includes medical devices, optics, automotive, aerospace, marine, and other applications. Medical devices are the dominating application and are projected to continue its dominance in the forecast period. In 2016, the medical devices accounted for around 21% of hydrophilic coatings demand in terms of revenue. Owing to the increasing demand for hydrophilic coatings in automotive and medical devices application the global hydrophilic coating market is projected to witness increased demand in the future. 
   
The geographic analysis of hydrophilic coating market includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is the largest contributor to the global hydrophilic coating market and is expected to continue its dominance in the future. The market witnessed a high demand for hydrophilic coatings due to the increased demand for medical devices in the region. Therefore, this is expected to propel the hydrophilic coating market in the near future. Moreover, technological advancements in the hydrophilic coatings are likely to enhance its adoption globally. Growing demand from the automotive industry is estimated to increase the demand for hydrophilic coating market.
   
The hydrophilic coating market consists of a large number of players and is highly fragmented. These players are primarily focusing on novel products and material offerings. Companies involved in the hydrophilic coating market are Henniker Plasma, Teleflex Incorporated, Aculon, Inc., Surface Solutions Group, LLC, Surmodics, Inc., Koninklijke DSM N.V., Henkel AG & Co. KGaA, Pangolin Medical, BioInteractions Ltd., Dontech, Inc., and Harland Medical Systems, among others.