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Global Hydrophilic Coating Market, 2016–2024: Industry Size, Share and Forecast

Hydrophilic Coating Market
Hydrophilic Coating Market

Zion Market Research, the market research group announced the analysis report titled  ‘Hydrophilic Coating Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Global Hydrophilic Coating Market: Overview

The hydrophilic coating is coating applied to the medical devices such as cannulas, guide wires, and catheters as it is receptive to moisture and low friction coating. Medical devices may cause less inflammation and damage when operating on a patient. Hydrophilic coatings show water-attracting characteristics when it reacts with water from hydrogel material that is lubricious, wettable in nature, and suitable for biological interactions. Other than this, hydrophilic coatings are used in optical devices such as outdoor displays, camera windows, outdoor surveillance and others. In addition, it used in automotive parts such as rear-view mirrors and body for glazing as an anti-fog agent.

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Global Hydrophilic Coating Market: Growth Factors

Conventional lubricative coatings include glycerin and silicone oils that possess many disadvantages; hence, hydrophilic coatings have emerged as a better option that drives the global hydrophilic coating market growth. They are extensively used in the range of application as optical devices, automotive, medical devices, and others further enhancing consumption of hydrophilic coatings. Automotive manufacturers are continuously motivated to enhance performance and safety of the vehicle, which in turn may positively influence the global hydrophilic coating market growth. Hydrophilic coatings play a vital role in safety & precautions and appearance of the vehicle. On regular use, these coatings lose its lubrication and get separated from medical equipment, causing discomfort and high injury risk; this is a major restraining factor of the global hydrophilic coating market.

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Global Hydrophilic Coating Market: Segmentation

The global hydrophilic coating market is divided based on the application as optical devices, medical equipment, and automotive. Based on the substrate, the global market is classified as metals, polymers, glass/ceramics, and nanoparticles. The metal segment is further sub-segmented as platinum, stainless steel, zinc, and nickel.  The polymer segment is further sub-segmented as polyesters, nylon, polyamides, kevlar, polysiloxanes, and others. Moreover, the glass/ceramics segment is sub-segmented as porcelain, and borosilicate glass.

Global Hydrophilic Coating Market: Regional Analysis

North America holds largest market share in the global hydrophilic coating market, whereas Western Europe accounted for the significant share globally. Mature healthcare and automotive industry in this region are contributing to potential market growth. Asia Pacific is another region growing at a faster rate where higher investment in the healthcare industry is positively impacting the global hydrophilic coatings market growth. Emerging economies such as India and China show significant growth due to rapid growth in the automotive industry; this is expected to increase the consumption of hydrophilic coatings. Japan is emerging as electronics hub and focusing on manufacturing innovative medical devices further boosting the global market growth. Automotive sector shows a favorable growth, which led to higher demand for hydrophilic coatings in Europe; this is projected to fuel market growth in coming years.

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Global Hydrophilic Coating Market: Competitive Players

Key players in the global hydrophilic coating market are Henniker Plasma, Teleflex Incorporated, Aculon, Inc., Surface Solutions Group, LLC, Surmodics, Inc., and Koninklijke DSM N.V. Other major players in the global market include Henkel AG & Co. KGaA, Pangolin Medical, BioInteractions Ltd., Dontech, Inc., and Harland Medical Systems.

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