Hydrophilic coatings have low frictions & soluble coating that is applied to medical devices such as catheters, guide wires, and cannulas. It further reduces occurrences of inflammation & damage caused by medical devices, when they are used on any patient. These coatings demonstrate water attracting characteristics that reacts on water and produces hydro-gel material, which are wet table & lubricious and suitable for biological interactions. They are also used in optical devices for instance camera windows, outdoor displays, outdoor surveillance, etc. These coatings are also used in automotive parts such as body for glazing and rear-view mirrors as an anti-fog agent.
According to study, “Global Hydrophilic Coating Market to reach USD 16.5 billion by 2026” the key companies operating in the global hydrophilic coating market are Aculon, Inc., Teleflex Incorporated, Koninklijke DSM N.V., Harland Medical Systems, Surface Solutions Group, LLC, Pangolin Medical, Surmodics, Inc., Henniker Plasma, BioInteractions Ltd., Henkel AG & Co. KGaA, Dontech, Inc. key players in the market are vertically integrated. This provides the players with an improved product portfolio that accounts for privileged sales. The players also invest in the research & development (R&D) activities to enhance the manufacturing efficiency by improving the training processes and lower the levels of VOC emissions.
Based on type, hydrophilic coating market is segmented as Fluoro Alkylsilanes, Polysiloxanes, Fluor polymers and others. Based on substrate type, market is segmented as concrete, metals, ceramics, textile/leather, polymers, glass and others. Hydrophilic polymers propose resistance to protein absorption. Additionally, polymers are covalently bonded & cross-linked that promote absorption of water particles. Based on property, market is segmented as antifouling, anti-microbial, self-cleaning, anti-corrosion and anti-icing/wetting. In addition, based on application, market is segmented as construction, optical, oil & gas, automotive, aerospace, and medical and others.
The hydrophilic coating market is driven by rise in demand from automotive & aerospace Industry, followed by superior properties of hydrophobic coatings and rise in demand from end-use industries. However, high raw material cost for hydrophobic coatings and stringent & time-consuming regulatory policies may impact the market. Moreover, surge in demand in display screen of electronics and high growth in emerging economies are key opportunities for market. Furthermore, growth in adoption of hydrophobic coatings in medical industry and rise in demand for hydrophobic coatings based on titanium dioxide are major trends for market.
Based on geography, the Western Europe and North-American regions hold major share in global hydrophilic coating market owing to increase in requirement for advanced medical techniques coupled with mature automobile and healthcare industry in the region. Whereas, the Asian-Pacific region is anticipated to witness higher growth rate due to rapid growth in the automotive industry and rise in demand for lubricious medical devices over the forecast period. It is estimated that future of the global market will be bright as a result of growth in technological advancements as well as rise in investments in medical infrastructure expansion during the forecast period. In 2019, the hydrophilic coating market was valued around at US $11.1 billion and is likely to grow with a healthy growth rate of more than 5.8% during the forecast period 2020-2027.
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Global Hydrophilic Coating Market Research Report
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