Hydrophilic Coatings Market Research Report 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

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 (%):

 

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 Attribute/Metric	Details
Market Size	2030: USD 3 billion
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