Request Discount

Hydrophilic Coating Market (Substrate - Polymer, Glass/ceramic, Metal, and Nanoparticle; Application - Medical, Automotive, Optics, Transportation, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : June, 2022

  • Rep Id : CM0293

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the hydrophilic coating market provides an in-depth analysis of segments and sub-segments in the global as well as regional hydrophilic coating market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hydrophilic coating market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global hydrophilic coating market. According to the report, the global hydrophilic coating market is projected to grow at a CAGR of over 6.5% over the forecast period of 2022-2028.

 

Market Insight

The value of the hydrophilic coating market in 2022 was over USD 12 billion and is expected to reach nearly USD 18 billion in 2028 and is expected to be growing with a CAGR of over 6.5% during the forecast period. Hydrophilic coating is used to reduce surface friction and improve lubricity. These coatings absorb water and comprise more than 90% water when wet. They find applications in medical, automotive, electronics, and several other end-use industries. These coatings are used on bathroom mirrors, eyeglasses, optical lenses, covers for headlights, outdoor floor lights, automotive mirrors, instruments in humid environments and other vehicle windows, and several others. Also, the high growth in the medical device, the growing income of the middle-class population, and the progressively growing geriatric population are also positively impacting the growth of the hydrophilic coating market. The major factor accountable for the growth of the market is the growing popularity of medical devices exhibiting water-loving properties. Besides this, the rising population, as well as increasing awareness, is also flourishing the growth of the hydrophilic coating market.

 

COVID-19 was an incomparable global public health emergency that has affected almost every industry and is projected to impact these various industry growths during the forecast period. During the Covid-19, pandemic people were compelled to stay in their homes. The governments of many countries in the world turned their focus to healthcare from other industries. This significantly disrupted their supply chain operations and manufacturing as lockdowns were imposed by the respective governments. Manufacturing facilities were shut down due to the pandemic in almost every country globally. Logistical restrictions, manpower shortage, material unavailability, and other restrictions had reduced the growth of the industry. The pandemic has affected the normal production of companies.

 

The increasing application of the hydrophilic coating in the medical sector is driving the growth of the market. The major factor contributing to the growth of the hydrophilic coating market is its increasing application to coat instruments such as catheters, cannulas, guidewires, and short-term implanted devices. In addition, the growing demand for less invasive medical procedures is increasing the application of a hydrophilic coating. They are used for coating medical equipment and needles as it greatly reduces friction between the equipment and the patient’s skin. Thus, lowering the pain and unnecessary discomfort. Furthermore, the rising applications of these coatings on automotive mirrors and in several electronic applications owing to the several benefits offered by the hydrophilic coating promote the growth of this market. These coatings are durable, antifogging, easier to clean and accumulate less dirt. However, the high cost of hydrophilic coating hampers the growth of the market. Moreover, rising applications of hydrophilic coating for several biomedical types of research create fruitful opportunities for market growth.

 

The report provides a regional outlook covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to dominate the hydrophilic coating market during the forecast years. The rising demand for coatings in the medical sector is expected to support the steady growth of the market in North America. Also, the adoption of the latest technological advancements will ascertain stable growth of the market. In addition to this, the rising demand for flat glass products will boost the hydrophilic market in Europe. Also, the region is likely to exhibit high demand for self-cleaning coatings. Commercialization of this variant will in turn create growth opportunities for the market. On the flip side, stringent regulations imposed by governments and high labor and material costs may restrain the hydrophilic coating market to an extent. Besides this, Asia Pacific is likely to offer high growth opportunities to the market. The rising demand from Japan, South Korea, and China will support the market’s expansion in the Asia Pacific.

 

Segment Covered

The report on the global hydrophilic coating market covers segments such as substrate and application. On the basis of substrate, the sub-markets include polymer, glass/ceramic, metal, and nanoparticle. On the basis of application, the sub-markets include medical, automotive, optics, transportation, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Aculon, Advansource Biomaterials Corporation, Applied Medical Coatings., Ast Products Inc, Biocoat Incorporated, Coatings2go, Corning Incorporated, DSM, Formacoat LLC, and Harland Medical Systems Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the hydrophilic coating market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount