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Global Hydrophilic Coatings Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Hydrophilic Coatings Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - 7% Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 12.80 Billion
Diagram Market Size (Forecast Year) USD 21.99 Billion
Diagram CAGR 7%

Global Hydrophilic Coatings Market, By Substrate (Polymers, Glass/Ceramics, Metals, Nanoparticles, Others), End Users (Medical Devices, Automotive, Optics, Aerospace, Marine, Others) – Industry Trends and Forecast to 2029.

Hydrophilic Coatings Market

Hydrophilic Coatings Market Analysis and Size

Over the last few years, the coatings business has experienced tremendous growth due to its expanding use in the automotive and medical industries. In addition, the vehicle industry has experienced rapid expansion, which has considerably boosted the market. In 2018, 95,634,593 automobiles were produced, according to the International Organization of Motor Vehicle Manufacturers (OICA). The hydrophilic coatings market will continue to flourish in the future due to the automobile industry's preparedness for a seismic shift brought on by increased production rates. The sector will experience a certain rise in demand, and growing revenues over the forecasted period.

Global hydrophilic coatings market was valued at USD 12.80 billion in 2021 and is expected to reach USD 21.99 billion by 2029, registering a CAGR of 7.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Hydrophilic Coatings Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Substrate (Polymers, Glass/Ceramics, Metals, Nanoparticles, Others), End Users (Medical Devices, Automotive, Optics, Aerospace, Marine, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Eternal Materials Co., Ltd.  (Taiwan), Wacker Chemie AG (Japan) and DIC CORPORATION (Japan), Aculon. (U.S.), Biocoat Incorporated. (U.S.), Harland Medical Systems, Inc. (U.S.), Hydromer (U.S.), AdvanSource Biomaterials Corporation (U.S.), Surmodics, Inc. (U.S.), DSM (Netherlands), AST Products, Inc. (U.S.), Abbott. (U.S.), Dow (U.S.), Sono-Tek Corporation. (U.S.), FSI Coating Technologies, Inc. (FSI) (U.S.), APPLIED MEDICAL COATINGS (U.S.), Precision Coating Company, Inc (U.S.)

Market Opportunities

  • Growing demand for lubricants that are corrosion-resistant, non-flammable and nontoxic
  • Significant investments in research and development activities

Market Definition

Hydrophilic coatings absorb water and swell upon contact with water or any other aqueous fluid. The hydrophilic coatings are the wet surfaces that provide excellent compatibility with water and bodily fluids and improve the lubricity and feel during surgical, minimally invasive procedures.

Global Hydrophilic Coatings Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • High Usage for Medical Purposes

The hydrophilic coatings are extensively used across medical industries. The hydrophilic coatings or hydrogels with 3D cross-linked networks can hold many antimicrobial agents and release them locally in a controlled manner and also provide enhanced outcomes in minimally invasive procedures. This reduces the infection and thrombosis related diseases. Hydrogels can be coated on to the substrates via dip coating, spray costing, spin coating and other methods. Various polymers involved in this process include polyvinyl alcohol, polyethylene glycol, ethylene glycol di-acrylate and others. These are also employed in the medical devices for enhanced functioning parameters. These technical innovations and beneficiary factors are driving the growth of the market over the forecasted period.

  • Rising population and urbanization

The expansion of end use industries coupled with the increase in urbanization and population, will further propel the growth rate of hydrophilic coatings market. Additionally, the rapid urbanization and industrialization in emerging countries, such as India, China, and Southeast Asia, will drive market value growth.

Opportunities

  • Regulations boosting Demand for VOC-free Coatings

The favorable initiatives by government associated with environmental regulations to increase demand for VOC-free coatings, will further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The European Commission and other federal government agencies create new laws and regulations, such as the Eco-product Certification Scheme (ECS). These regulations guarantee low or no harmful VOC emissions and a green and sustainable environment. In order to produce more environmentally friendly coatings, these regulations encourage coating-related companies to invest in bio-based raw materials. Government regulations in the US and Western Europe, especially those pertaining to air pollution, will also continue to support the use of cutting-edge, low-pollution coating technology.

Restraints/Challenges

  • Stringent Approval Process

The coatings manufacturers must enhance their manufacturing and production processes per the regulatory policies imposed by various governments. These stringent policies further result in more time for approval, which will create hindrances for the growth of the hydrophilic coatings market.

  • Fluctuations in Raw Material Prices

The inconsistent raw material prices have a direct negative impact on the overall market’s growth. As a result, these fluctuations will pose as a major challenge the hydrophilic coatings market growth rate.

This hydrophilic coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hydrophilic coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Hydrophilic Coatings Market

The recent outbreak of coronavirus had a negative impact on the hydrophilic coatings market. It seriously damaged the market due to the disruption of production activities and supply chains across the chemical industries due to the lockdown restrictions. The market faced disruption in supply chains, lesser availability of workforce, fluctuations in prices and availability of raw materials, which hampered the market largely. However, with the gradual upliftment of restriction and restoration of business operations, the overall coatings industry is expected to grow steadily. Also, the market is estimated to revive as individual regulatory bodies relax these enforced lockdowns. The suspended and canceled operations will continue, and the market is estimated to expand.

Recent developments

  • In 2020, Royal DSM, leading global solutions supplier confirmed the completion of its acquisition of Glycom, world’s leading supplier of Human Milk Oligosaccharides for an enterprise value of USD 833.31 to gain a competitive market share by the company.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Hydrophilic Coatings Market Scope

The hydrophilic coatings market is segmented on the basis of substrate and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Substrate

  • Polymers
  • Glass/Ceramics
  • Metals
  • Nanoparticles
  • Others

End Users

  • Medical Devices
  • Automotive
  • Optics
  • Aerospace
  • Marine
  • Others

Hydrophilic Coatings Market Regional Analysis/Insights

The hydrophilic coatings market is analyzed and market size insights and trends are provided by substrate and end users as referenced above.

The countries covered in the hydrophilic coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance due to the increasing use of hydrophilic coatings in various applications within the region.

Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rising awareness regarding the growing benefits and introduction of major automotive OEM’s within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Hydrophilic Coatings Market Share Analysis

The hydrophilic coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hydrophilic coatings market.

Some of the major players operating in the hydrophilic coatings market are

  • Eternal Materials Co., Ltd.  (Taiwan)
  • Wacker Chemie AG (Japan)
  • DIC CORPORATION (Japan)
  • Aculon. (U.S.)
  • Biocoat Incorporated. (U.S.)
  • Harland Medical Systems, Inc. (U.S.)
  • Hydromer (U.S.)
  • AdvanSource Biomaterials Corporation (U.S.)
  • Surmodics, Inc. (U.S.)
  • DSM (Netherlands)
  • AST Products, Inc. (U.S.)
  • Abbott. (U.S.)
  • Dow (U.S.)
  • Sono-Tek Corporation. (U.S.)
  • FSI Coating Technologies, Inc. (FSI) (U.S.)
  • APPLIED MEDICAL COATINGS (U.S.)
  • Precision Coating Company, Inc (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The hydrophilic coatings market is expected to show a value of USD 12.80 billion in 2021.
The market is estimated to register a CAGR of 7.00% within the forecast period.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance due to the increasing use of hydrophilic coatings in various applications within the region.
Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rising awareness regarding the growing benefits and introduction of major automotive OEM’s within the region.
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