Press release
Hydrophilic Coatings Industry to Witness a Pronounce Growth During 2024 - 2031 | Royal DSM, Biocoat, Inc., Aculon Inc.
Hydrophilic Coatings Industry
The global hydrophilic coatings market is estimated to be valued at USD 18.81 Bn in 2024 and is expected to reach USD 27.90 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.
Market Dynamics:
The hydrophilic coatings market is driven by the increasing application of these coatings across various healthcare applications such as urinary catheters, central venous catheters, and endotracheal tubes. Hydrophilic coatings prevent bacterial adhesion and biofilm formation on these medical devices, which aids in reducing healthcare-associated infections. Additionally, hydrophilic coatings provide low friction coating on devices Inserted into the body, thereby reducing pain and trauma. The growing prevalence of hospital-acquired infections and the increasing demand for minimally invasive surgical procedures are also expected to support the growth of this market over the forecast period.
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Hydrophilic Coatings Market - Two Key Market Drivers
Increased Demand from Medical Device Manufacturers
Hydrophilic coatings are widely used in the manufacturing of various medical devices such as catheters, guidewires, urinary catheters, nephrostomy catheters and angioplasty balloons. The hydrophilic properties allow medical devices to pass easily through human tissues with minimal friction and trauma. Growing prevalence of chronic diseases and an aging population is driving the demand for various minimally invasive surgical procedures which in turn is propelling the demand for coated medical devices. This increase in demand from medical device manufacturers is a major driver for the hydrophilic coatings market.
Hydrophilic Coatings Market - Lucrative Market Opportunity
Growing Adoption in Renewable Energy Sector
Hydrophilic coatings are increasingly finding applications in the renewable energy sector, especially in hydropower and solar photovoltaic industries. In hydropower plants, these coatings help prevent fouling and corrosion of turbine blades and other underwater components that come in direct contact with flowing water. In photovoltaic industries, they are used to coat solar panels to maximize water discharge thereby improving efficiency. As global initiatives to reduce carbon footprint and transition towards clean energy gain steam, the demand for renewable energy is expected to rise considerably in the coming years. This growing renewable energy market offers significant growth opportunity for hydrophilic coating manufacturers.
Hydrophilic Coatings Market - Key Market Trend
Rising Focus on Developing Eco-Friendly Water-Based Coatings
Stringent environmental regulations have prompted manufacturers to focus on developing sustainable and eco-friendly hydrophilic coating solutions. Water-based coating technologies that use water as the solvent instead of VOCs are emerging as the future trend. Several companies are making investments in R&D to replace traditional solvent-based systems with water-reducible, water-borne or high solids water-based technologies. These green coating solutions help lower emissions and reduce health and environmental impacts. Their increased usage will support the transition towards a circular economy. The rising popularity of water-based technologies presents itself as a major trend that is likely to accelerate the future growth of the hydrophilic coatings market.
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Top Companies Featured in This Report:
★ Royal DSM
★ Biocoat Inc.
★ Aculon Inc.
★ Advasource Biomaterials Corporation
★ Hydromer Inc.
★ Corning Inc.
★ Surmodics Incorporated
★ AST Products Inc.
★ Abbott Laboratories Inc.
★ Harland Medical Systems
★ Covestro
★ Telefax Inc.
★ BioInteractions Inc.
★ Surface Solution Group
★ Coatings2Go
★ Dontech,Inc.
★ Argon Medical
★ Formacoat
★ Applied Medical Coatings
★ Pangolin Medical
Market Segmentation:
By Product Type:
★ By Substrate: Polymers, Glass/Ceramics, Nanoparticles, and Others (Metals, etc.)
By Applications:
★ By Application: Medical Devices, Automotive, Aerospace, Marine, and Others (Optics
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Hydrophilic Coatings Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Hydrophilic Coatings market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Hydrophilic Coatings market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Hydrophilic Coatings market.
Segment Analysis: Examining the market value and sales volume of Hydrophilic Coatings by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Hydrophilic Coatings market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Hydrophilic Coatings sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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