According to Data Bridge Market Research new Market report, global hydrophilic coatings market will account to an estimated USD 10.64 billion in 2018 growing at a CAGR of 7.35% during the forecast period of 2019 to 2026.
Global Hydrophilic Coatings Market
Hydrophilic coatings are a type of chemical protective layer that are used to protect the devices and appliances it is used upon, it helps in reducing the condensation on the products that result in enhanced handling and overall life of the product. These coatings are also used to protect the devices and appliances from UV exposure.
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Global hydrophilic coatings market is segmented on the basis of substrate, application and geography.
By Substrate (Metals, Glass/Ceramics, Polymers, Nanoparticles), Application (Medical Devices & Equipment, Automobile, Aerospace, Marine, Optical, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN HYDROPHILIC COATINGS MARKET
Increased demand for medical devices
According to International Trade Administration – Department of Commerce of United States of America, there has been a rise in the demand of medical devices globally especially in the United States where there has been a significant increase in the imports of medical devices, indicating increased consumption. This rise of medical devices bodes well for hydrophilic coatings as with its application, the medical devices experienced enhanced protection against friction and reduced condensation on the product resulting in better handling and enhanced overall life of the product.
Few of the major competitors currently working in the hydrophilic coatings market are Aculon, Biocoat Incorporated, Harland Medical Systems, Koninklijke DSM N.V., AdvanSource Biomaterials Corp., AST Products Inc., Coatings2Go LLC, DONTECH INC., Formacoat, Henkel AG & Co. KGaA, Surmodics Inc. and Precision Coating Company Inc.
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Global Hydrophilic Coatings Market – Industry Trends and Forecast to 2026