Global Hydrophilic Coatings Market, By Substrate (Metals, Glass/Ceramics, Polymers, Nanoparticles), Application (Medical Devices & Equipment, Automobile, Aerospace, Marine, Optical, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Hydrophilic Coatings Market
Global Hydrophilic Coatings Market is expected to rise from its initial estimated value of USD 10.64 billion in 2018 to an estimated value of USD 18.76 billion by 2026, registering a CAGR of 7.35% in the forecast period of 2019-2026. This rise in market value can be attributed to the factors that increase the performance of the products these coatings are applied upon.
Market Definition: Global Hydrophilic Coatings Market
Hydrophilic coatings are applied on various products and devices that reduced the friction and also result in reduction of any condensation being formed on the devices so that the user of these devices/products can use them without any issues. These coatings help in making the product UV resistant, enhance the durability and improve the overall life of the product.
- High demand from the medical devices and growth in the healthcare industry is expected to act as a driver for the market growth
- Lack of durability and shelf life of the product along with high overall cost is expected to act as a restraint to the market growth
Segmentation: Global Hydrophilic Coatings Market
- By Substrate
- Stainless Steel
- Borosilicate Glass
- By Application
- Medical Devices & Equipment
- General Surgery
- Construction & Building
- Medical Devices & Equipment
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In January 2017, AdvanSource Biomaterials Corp. announced that they had entered into collaboration with Medibrane. This collaboration is expected to enhance the product offerings and provide the consumers technologically advanced products & services.
- In October 2016, Surmodics Inc. announced that they had launched a new variant of hydrophilic coatings. Known as “Serene Solutions”, these variants are meant to be applied only as a single coating.
Competitive Analysis: Global Hydrophilic Coatings Market
Global hydrophilic coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hydrophilic coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Hydrophilic Coatings Market
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.
Research Methodology: Global Hydrophilic Coatings Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved