Hydrophilic Coatings Market Research Report - Forecast to 2030

Hydrophilic Coatings Market Information: by Substrate (Polymers, Glass & Ceramics, Metals, Nanoparticles, and Others), by Application (Medical Devices & Equipment, Automotive, Marine, Optical and Others), and Region - Forecast till 2030

ID: MRFR/CnM/4379-HCR | January 2023 | Region: Global | 100 Pages         

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Hydrophilic Coatings Market

Hydrophilic Coatings Market is projected to be worth USD 3.0 billion by 2030, registering a CAGR of 4.2% during the forecast period (2020 - 2030).

Segmentation
By Substrate Polymers Glass & Ceramics Metals Nanoparticles Others
By Application Medical Devices & Equipment Automotive Marine Optical Others
Key Players
Companies Profiled   Hydromer Inc. (U.S.)   Abbott (U.S.)   Corning Incorporated (U.S.)    Harland Medical Systems (U.S.)    Surmodics    Inc. (U.S.)    DSM (Netherlands)    Biocoat Incorporated (U.S.)    Aculon (U.S.)    AST Products    Inc. (U.S.)   AdvanSource Biomaterials Corp (U.S.)
Drivers
Market Driving Forces    increasing demand for controlled lubricity of medical devices surface
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Hydrophilic Coatings Market Overview Hydrophilic Coatings Market is projected to be worth USD 3.0 billion by 2030, registering a CAGR of 4.2% during the forecast period (2020 - 2030). During the forecast period, the Hydrophilic Coatings Market is expected to increase at a significant CAGR. Surface friction is reduced and lubricity is improved with hydrophilic coatings. As long as the coating is moist, it behaves like a microscopic sponge and gives exceptional low friction qualities. The growing demand for regulated lubricity of medical device surfaces is driving the Hydrophilic Coatings Market. When utilized on a patient, hydrophilic coatings can be used on guidewires, catheters, and cannulas to lessen the occurrence of inflammation and damage caused by these devices. These coatings react with water to generate a hydrogel material that minimizes insertion force, prevents puncture damage, and allows for biological interactions. They have antibacterial qualities and are biocompatible, which eliminates the risk of infection. The usage of hydrophilic coatings as an anti-fog agent in automobile elements like windshields and rear-view mirrors is expected to boost market growth even more. These coatings are also utilized in ophthalmology to prevent catastrophic bursting and incision size when inserting intraocular lenses (IOLs). They are also found in optical devices like camera windows, outdoor surveillance cameras, and more. The marine industry is seeing an increase in demand for these coatings because they reduce kinematic friction between covered boats and water surfaces.

Hydrophilic Coatings Market, by Application (%):


 Hydrophilic Coatings


Source: MRFR analysis


Regional Analysis


The Hydrophilic Coatings Market is segmented into five regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Asia Pacific is the fastest emerging region in the Hydrophilic Coatings Market on account of the high production and sales of automotive and medical devices in the region. The emerging medical devices and equipment market is expected to reach USD 88.6 million by 2020. The growing automotive industry in India and China is likely to drive the global market further. The growing marine industry in China and Japan is another driver of the market.


The North American regional Hydrophilic Coatings Market is growing on account of the high production and exports of medical devices and reviving the automotive industry.


Increasing expenditure on better medical & healthcare facilities in Europe is expected to drive the Hydrophilic Coatings Market. The increasing production and exportation of automotive parts in Germany, the U.K, and other countries is anticipated to further fuel the market growth.


The increasing production and sales of automotive in Brazil is the major factor driving the Hydrophilic Coatings Market in the Latin American region.


Segmentation


The Hydrophilic Coatings Market is segmented on the basis of the substrate, application, and region.


The Hydrophilic Coatings Market is segmented on the basis of the substrate as polymers, glass & ceramics, metals, nanoparticles, and others.


By the Application, the Hydrophilic Coatings Market is segmented into medical devices & equipment, automotive, marine, optical, and others.


Geographically, the Hydrophilic Coatings Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the manufacturers operating in the Hydrophilic Coatings Market are Hydromer Inc. (U.S.), Abbott (U.S.), Corning Incorporated (U.S.), Harland Medical Systems (U.S.), Surmodics, Inc. (U.S.), DSM (Netherlands), Biocoat Incorporated (U.S.), Aculon (U.S.), AST Products, Inc. (U.S.), and AdvanSource Biomaterials Corp (U.S.).Recent Development


In September 2021, Biocoat, Inc., a specialty provider of hydrophilic biomaterial coatings for medical devices, announced that it had expanded its on-site ISO-certified, full-service agreement coating service unit to include the ability to treat interventional medical devices with ultraviolet (UV) light, as well as the ability to plasma treat them. The news coincides with the company's 30th anniversary of outstanding coating service. In 2021 November, Transcontinental Advanced Coatings is pleased to announce the launch of the Total Care product line, which includes medical antimicrobial hard coatings, patient monitoring devices, ostomy devices, advanced wound care dressings, IV, and consumer & beauty dressings.

Intended Audience



  • Hydrophilic Coatings Manufacturers

  • Traders and distributors of hydrophilic coatings

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   6.80% 2030
  Base Year   2021
  Forecast Period   2021-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Substrate, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Hydromer Inc. (U.S.), Abbott (U.S.), Corning Incorporated (U.S.), Harland Medical Systems (U.S.), Surmodics, Inc. (U.S.), DSM (Netherlands), Biocoat Incorporated (U.S.), Aculon (U.S.), AST Products, Inc. (U.S.), and AdvanSource Biomaterials Corp (U.S.).
  Key Market Opportunities   growing automotive industry
  Key Market Drivers   increasing demand for controlled lubricity of medical devices surface


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Frequently Asked Questions (FAQ) :

Hydrophilic coatings are an important accessory in reducing surface friction and inducing smooth lubrication.

Major applications of hydrophilic coatings include medical devices, automotive, optical, and marine.

Growing demand from the medical devices and automotive industries is the major driver for the hydrophilic coatings market.

Asia Pacific is the most prominent regional market due to the growing industrialization in the region.

Leading market players in the hydrophilic coatings market include Hydromer, Abbott, and Corning Inc., among others.