Global Hydrophilic Coatings Market, By Substrate (Metals, Glass/Ceramics, Polymers, Nanoparticles, Others), End User (Medical Devices, Automobile, Aerospace, Marine, Optical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Hydrophilic coatings market size is valued at USD 21.82 billion by 2028 and is expected to grow at a compound annual growth rate of 7.85% for the forecast period of 2021 to 2028. Data Bridge Market Research report on hydrophilic coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Hydrophilic coatings are the type of coatings which are applied on various products and devices so as to reduce the friction and also result in diminution of any condensation being formed on the devices so that the user of these devices or products can use them without any issues. These coatings also help in making the product UV resistant, improve the sturdiness and develop the overall life of the product.
The rising demand for lightweight materials in the automotive industry has highly influenced growth of the hydrophilic coatings market. In line with this, the increasing demand for hydrophilic coatings in various applications counting medical devices and equipment, marine, automotive and optical due to its diverse characteristics also acting as a key determinant favoring the growth of the hydrophilic coatings market over the forecast period of 2021 to 2028. Also the, high growth in the medical device, growing income of middle-class population and the progressively growing geriatric population are also positively impacting the growth of the hydrophilic coatings market. The major factor accountable for the growth of the market is the growing popularity of medical devices exhibiting water loving properties. Beside this, the rising population as well as increasing awareness is also flourishing the growth of the hydrophilic coatings market. However, the low shelf life of the product due to low adhesion to surface characteristic and high cost may act as key restraints towards hydrophilic coatings market growth rate in the forecast period of 2021 to 2028, whereas the lack of impact or scuff resistance of the coatings have the potential to challenge the growth of the hydrophilic coatings market in the above mentioned forecast period.
In addition, the ease of application, introduction of innovative technologies in improving surface finish, performance effectiveness along with improving stability and lubricity will further offer a variety of growth opportunities for the hydrophilic coatings market in the above mentioned forecast period.
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, geographical expansions, technological innovations in the market. To gain more info on 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.
Global Hydrophilic Coatings Market Scope and Market Size
Hydrophilic coatings market is segmented on the basis of substrate and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of substrate, the hydrophilic coatings market is segmented into metals, glass/ceramics, polymers, nanoparticles and others. Metals have further been segmented into stainless steel, nickel, platinum, zinc and others. Glass/ceramics have further been segmented into borosilicate glass and porcelain. Polymers have further been segmented into nylon, kevlar, polyesters, polyamides and others.
- The end user segment for hydrophilic coatings market is segmented into medical devices, automobile, aerospace, marine, optical and others.
Hydrophilic Coatings Market Country Level Analysis
Hydrophilic coatings market is analyzed and market size, volume information is provided by country, substrate and end user as referenced above.
The countries covered in the 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 leads the hydrophilic coatings market because of the growing awareness related to benefits coupled to non-invasive surgery procedures in this particular region. Asia-Pacific is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to increasing investment in medical industry and introduction of major automotive OEM’s as well as the rapid increase in automotive production rate within this particular region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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
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.
The major players covered in the hydrophilic coatings market report are Aculon, Biocoat Incorporated, Harland Medical Systems, Inc., Hydromer, AdvanSource Biomaterials Corp., Surmodics, Inc., DSM, BioInteractions Ltd, AST Products, Inc., Abbott, Coatings2Go, DONTECH, INC., Sono-Tek Corporation, ARGON MEDICAL, Dow, Formacoat, FSI Coating Technologies, Inc., Surface Solutions Group, LLC, APPLIED MEDICAL COATINGS and Precision Coating Company, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Hydrophilic Coatings Market
Data Bridge Market Research is a leader in consulting and 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 production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.