Press release
Hydrophilic coatings Market is estimated to grow at a CAGR of 7.07% during 2017 to 2025 | Royal DSM (the Netherlands), Ada source Biomaterials Corporation (U.S.), Biocoat, Inc. (U.S.), Aculon Inc. (U.S.), Corning Inc.
The hydrophilic coatings market is expected to register a CAGR of 7.07% over the forecast period (2017 - 2025) to reach US$ 17.66 Billion by 2025.
Hydrophilic Coatings Market Overview:
The market for hydrophilic coatings is high in medical devices and supplies industry as it consumes a substantial amount of the overall coatings manufactured. The product forms a lubricious surface finishing in the reduction of medical device stiction, thereby supporting the device positioning by reducing the opportunity of infection. As a result, the market for the product is required to grow significantly over the forecast period.
The surface wettability of materials plays a pivotal role in ensuring the safety and well-being of the drivers, irrespective of the climate conditions. As a result, the hydrophilic coatings are used on the windshields and mirrors of the transports. In addition, the coating makes a good water run-off that allows its use in the evaporators of automotive systems, making its demand in the automotive industry.
Browse details of 300 numbers of pages research report developed on Hydrophilic Coatings Market @ https://www.researchcosmos.com/reports/global-hydrophilic-coatings-market-by-end-use-industry-healthcare-automotive-aerospace-marine/78557125
Hydrophilic Coatings Market Growth Drivers and Restraints:
Growing dispersion of hydrophilic coatings by various end users, such as pharmaceutical devices, optics, and automotive, coupled with continuously growing population, increasing income level, and building awareness about new medical practices are the factors expected to drive the growth of the global hydrophilic coating market throughout the forecast period.
Polymer part of the substrate type accounted for about 34.70% of the global market and was the most dominating figure amongst others, in 2016. Due to its varied properties like lightweight, low cost, high strength, portability, and flexibility, it is being extensively used in a varied variety of industrial applications. Glass and nanoparticles variety of substrates are expected to grow moderately in the future years. Pharmaceutical devices, automotive, aerospace, marine, etc., are the prominent applications of these coatings. Furthermore, medical devices and automotive are other major applications of hydrophilic coating market. Growing demand for these coating in manufacturing automotive components is anticipated to contribute to the market growth in the forecast period.
Hydrophilic Coatings Market Regional Analysis:
The North American region is the biggest market for hydrophilic coatings, globally. A continuously aging population, raised awareness about the advantages of non-invasive surgery procedures, and technological improvements in the healthcare industry are the circumstances that have led to surge in the demand of hydrophilic coatings for use in medical devices in the North America, particularly in the U.S. and Canada. The North American region has also been witnessing the heightened need for hydrophilic coatings in optics, automotive, and aerospace applications. Continuous technological progress in these industries has led to an increase in the usage of these coatings in different applications, encouraging the demand of the global hydrophilic coating market.
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Hydrophilic Coatings Market Key Players
Some of the important players working in the world hydrophilic coatings market are Royal DSM (the Netherlands), Ada source Biomaterials Corporation (U.S.), Biocoat, Inc. (U.S.), Aculon Inc. (U.S.), Corning Inc. (U.S.), Hydromer, Inc. (U.S.), AST Products, Inc. (U.S.),Surmodics Incorporated (U.S.), and Abbott Laboratories Inc. (U.S.).
Hydrophilic Coatings Market Segmentation:
By Trend
• Market Dynamics
• Cost Tier Down Analysis
By End User
• Healthcare
• Automotive
• Aerospace
• Marine
• Optics
By Substrate
• Polymers
• Glass
• Metal
• Nanoparticles
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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