Report Explores the Global Hydrophilic Coating Market Size, Demand, Growth, Analysis and Forecast to 2024

The Hydrophilic Coating Market’s segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR’s report also covers drivers and restraints in the hydrophilic coating market.

Infinium Global Research’s report covers the annual growth of the global hydrophilic coating market. It also includes chapters on the global hydrophilic coating industry trends, geographic analysis, and competitive landscape.

The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

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Hydrophilic Coatings Market: Market Insight

Hydrophilic coatings are used to reduce surface friction and improve lubricity. These coatings also exhibit a fine performance in providing protection against water in high temperature and salty environments.

Hydrophilic Coatings Market: Drivers and Restraints

The growing application of hydrophilic coatings in various end-use industries is driving the growth of the market. The medical industry is the main area where hydrophilic coatings are employed. In addition, the growing demand for less invasive medical procedures is increasing the application of hydrophilic coatings. These coatings also offer benefits such as they are antifogging, durable, easier to clean, accumulates less dirt and inhibits the growth of the bacteria. Furthermore, increasing application of hydrophilic coatings on eyeglasses, optical lenses, automotive mirrors, outdoor floor lights and instruments in humid environments promotes the growth of the hydrophilic coating market.

Hydrophilic Coatings Market: Segmentation

The hydrophilic coating market is segmented into substrate and applications. The application segment is bifurcated into optical, medical devices & equipment, marine, automotive, aerospace, and others. Medical devices and equipment segment accounts for a sizeable share in the market in 2017. The growing application of hydrophilic coatings in the medical industry is driving the growth of this market. The major factor contributing to the growth of this segment in the hydrophilic coating material market is its increasing application to coat instruments such as catheters, cannulas, guidewires, and short-term implanted devices.

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Hydrophilic Coatings Market: Regional Insights

North America dominates the global hydrophilic coatings market and is anticipated to remain dominant over the forecast period. The increasing demand for less invasive medical devices from countries like the U.S. and Canada promotes the growth of the North America hydrophilic coating market over the forecast period. These coatings improve performance in many medical devices. In addition, the rising automotive sales contribute in this region contributes to the growth of the North America hydrophilic coating market. Asia Pacific region is projected to grow at the highest rate over the forecast period owing to the increasing applications of the hydrophilic coating from end-use industries such as automotive and electronics industry.

Hydrophilic Coatings Market: Competitive Analysis

The global hydrophilic coatings market is a fragmented market. The prominent players in the global hydrophilic coatings are Aculon, Inc., Advansource Biomaterials Corporation, Applied Medical Coatings, LLC, Coatings2go, Formacoat, LLC, Harland Medical Systems Inc., Hydromer, Royal DSM, Sono-Tek Corporation, and Surface Solutions Group, LLC among others. Diversification and expansion of products are the key strategies of the major players to remain competitive in the hydrophilic market.

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Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the hydrophilic coating.

• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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