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
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.
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.
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.
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.