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Hydrophilic Coating Market is projected to grow USD 22.5 billion by 2027

07-20-2023 11:39 AM CET | Industry, Real Estate & Construction

Press release from: ReportsnReports

Hydrophilic Coating Market

Hydrophilic Coating Market

The hydrophilic coating market is projected to register a CAGR of 6.0% and 5.5%, in terms of value and volume, between 2022 and 2027.

The global hydrophilic coating market size is projected to grow from USD 16.8 billion in 2022 to USD 22.5 billion by 2027, at a CAGR of 6.0%, between 2022 and 2027. Hydrophilic coatings provide several benefits that greatly improve the performance of products across a wide spectrum of industries. Matching the chemistry of hydrophilic coatings to a variety of substrate materials, difficult product geometries, and environments in which these coated products are used is a complex process that should be guided by those skilled in the development, manufacturing, and application of hydrophilic coatings. Organizations or companies seeking to improve their product performance and portfolio by incorporating the use of hydrophilic coatings should enlist the assistance of experts. The hydrophilic nature of the coating captures the water and evenly distributes it across the surface of the substrate. By evenly distributing the captured water molecules of the vapor, the fog effect is minimized and creates an optically clear surface for the individual looking through the coated lens. Anti-fog coatings are often used for sports eye protection, workers safety glasses, face shields, military goggles, automobile headlights, aviation windows, and many other applications.

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The polymers segment is one of the fastest-growing substrate type segment during the forecast period.

For decades, friction-reducing coatings have been used to facilitate the insertion and placement of devices within the body. These coatings are often used on devices designed for use in arterial and venous systems. Common products that use coatings to reduce friction include stents, catheters, bioabsorbable scaffolds, guidewires, and other products that are in contact with the bloodstream. This is because blood becomes notoriously tacky the longer a device is in the artery or the vein and can result in a device performing sub-optimally. Today, there are a variety of surface modification options available to device engineers, from hydrophobic to hydrophilic coatings. This allows them to select the solution that best matches their specific design and performance requirements. One of the original coatings used in the medical field is polytetrafluorethylene (PTFE). Widely used to coat guidewires, PTFE has the unique property of providing a low-friction surface in the dry state. Unlike hydrophilic polymers, PTFE does not need to be wet to provide lubricity. By contrast, polymers in hydrophilic coatings such as polyvinylpyrrolidone, which is contained in a hydrophilic coated solution, absorb aqueous liquids to make the surface slippery when wet. This feature makes hydrophilic coatings more lubricious than PTFE coatings.

Natural rubber, latex, and synthetic rubber materials provide great physical qualities for a variety of applications, including mechanical strength, low heat resistance, flexibility, and elasticity. Natural rubber is widely employed in many commercially accessible items because of these benefits. Natural rubber is derived from the rubber tree Hevea brasiliensis and is chemically constituted of polymers containing isoprene repeating units (cis 1,4-polyisoprene). Natural rubber is hydrophobic due to its chemical makeup and the existence of unsaturated carbon-carbon double bonds, which can result in the irreversible adsorption of biological components onto its surface. Because latex is incompatible with blood and can cause bacterial, fungal, or protein deposition on the surface, the use of natural rubber for in vivo applications and devices is limited.

Medical devices segment in end user is expected to hold the one of the highest growth during the forecast period.

The medtech business has seen substantial growth and development in recent years. Because of the aging population, the growing burden of chronic illnesses, and doctors' and consumers' increased faith in medical devices, pharmaceutical corporations and the medtech industry have formed stronger collaborations. However, the medtech business is experiencing new hurdles, including an ever-changing regulatory environment, payment decreases, the high cost of modern medical technology, and safety concerns. Despite changing and increasingly complex reimbursement and regulatory processes, the global medtech market is expected to grow at a CAGR of 6% during the forecast period. This increased growth is mainly driven by M&A, increase in R&D expenditure, development of AI-based technologies and rising demand for medtech products in emerging geographies such as Latin America, Asia Pacific, and Middle East and Africa, and pre-established markets such as North America and Europe.

The global medical device industry has witnessed a steady and robust growth fueled by a range of factors such as the rising prevalence of chronic diseases, increasing aging population, and unforeseen demand for digital and connected devices, especially since the pandemic. According to the World Health Organization, the worldwide medical device business was valued at USD 425.2 billion in 2018 and was predicted to increase at a CAGR of 5.4% to roughly USD 612.7 billion in 2025. The industry is predominantly controlled by industrialized countries. In 2017, the US and Europe accounted for 40% and 27% of the worldwide medical device business, respectively. For decades, manufacturers have focused on designing and producing technologies or medical equipment based on the demands of established markets before selling the same items in emerging areas with minor modifications. However, developing nation- or region-specific brand-new cost-effective items would be an efficient strategy for producers. For instance, GE Healthcare designed a compact and portable ultrasound machine for the Chinese market, costing merely USD 15,000 compared to over USD 100,000 for their high-end markets. The machine was an instant hit in China due to its affordability and portability; and it also created new sales opportunities for GE Healthcare in developed countries.

Hydrophilic coatings have emerged as a game-changing technology in various industries, offering surfaces that attract and interact with water, fluids, and biological substances. As technology continues to advance, the future of hydrophilic coatings holds exciting possibilities for diverse applications and enhanced performance.

One of the key trends driving the future of hydrophilic coating is its widespread adoption in medical devices. From catheters and stents to implants and diagnostic tools, medical devices coated with hydrophilic materials are becoming increasingly common. These coatings reduce friction, improve biocompatibility, and prevent clotting, leading to safer and more effective medical procedures.

In the automotive and aerospace industries, hydrophilic coatings are gaining traction for their water-repellent properties, which enhance visibility during rainy conditions and prevent ice buildup. Additionally, hydrophilic coatings applied to wind turbine blades can increase energy efficiency by preventing water droplets from adhering to the surface.

Advancements in nanotechnology are also driving the future of hydrophilic coatings. Nanostructured coatings with tailored surface properties offer enhanced water absorption and resistance to fouling, making them ideal for use in self-cleaning surfaces, water purification systems, and anti-bacterial applications.

As sustainability becomes a pressing concern, eco-friendly hydrophilic coatings will play a significant role in the future. Manufacturers are developing biodegradable and non-toxic coatings that can replace traditional hydrophobic coatings, reducing environmental impact and supporting green initiatives.

Moreover, the future of hydrophilic coatings will be marked by innovations in the integration of other functionalities, such as UV resistance, anti-corrosion properties, and even responsiveness to external stimuli like temperature or pH changes.

In conclusion, the future of hydrophilic coatings is characterized by their expanding applications in various industries, advancements in nanotechnology, and a growing emphasis on sustainability. As research and development in this field continue, hydrophilic coatings are set to play a transformative role in improving performance, safety, and sustainability across diverse sectors.

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