Chemicals & Materials

Global Hydrophilic Coating Market

April 6, 2022
ID: SR/CH-65
Format:Pdf
Pages:220

Global Hydrophilic Coating Market, By Product Type (Polymer, Glass/Ceramic, Metal, and Nanoparticle), By End-user Industry (Medical, Marine, Automotive, Aerospace, Optics, Other), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2028.

Description

Hydrophilic Coating Market Overview

The global hydrophilic coating market was calculated at USD 12.05 billion in 2021 and projected to reach USD 17.25 billion by 2028, growing at a CAGR of 5.2% during the forecast period, 2022-2028. The growing demand for nanoparticle hydrophilic coating products in automotive, medical, aerospace and marine applications. The demand for hydrophilic coatings products is high in the medical device and equipment industries, as the industry consumes a substantial serving of the total coating produced, positively impacting the growth of the hydrophilic coating market. Furthermore, Anti-fog coatings are also used to manufacture protective sunglasses, commercial freezers, watches, home appliances. The hydrophilic anti-fog coating is water condensation, providing UV resistance, durability, abrasion resistance and that coatings device help extend the overall usefulness of medical devices are anticipated to drive the global growth of the hydrophilic coating market.

What is Hydrophilic Coating?

Hydrophilic coatings are coating used to reduce surface friction and improve lubricity. The term “hydrophilicity” means attractiveness in the direction of the water. As such, it takes place immediately when it is presented to moisture. Most hydrophilic coatings include a free channel type polymer cover immediately generated from the outside. This cover surrounding this gadget will behave like a small sponge and water (or other fluid) as long as the cover remains wet. Devices coated with these coatings exhibit a low tensile force of 3 grams and a low CoF value of 0.01. This certain level of lubricity allows the device to explore winding anatomical pathways while reducing tissue irritation and improving patient comfort.

Growth Driver

Growing demand for medical devices

Medical device coatings are typical usages in the medical industry. Which Helps change the surface of devices, devices and implants. Medical device coatings help improve the surface properties of medical devices. The increasing prevalence of contact diseases, especially in medical building supply facilities, has increased the demand for medical devices. Due to the medical devices being in constant use and constant contact with the body, they can be a vehicle for spreading various illnesses after a period of use. Medical device coatings help extend the overall usefulness of medical devices.

Opportunity

Growing technological developments

Cutting-edge technologies are innovative technologies used in anti-fog coatings that expand the product performance and durability. The hydrophilic anti-fog coating plays an important role in eliminating the small droplets formed by water condensation, providing UV resistance, durability, abrasion resistance, chemical resistance transparency, and medical treatment. The hydrophilic coating has applications in automotive, building construction, and medical devices in various end-use industries. Anti-fog coatings are also used to manufacture protective sunglasses, commercial freezers, watches, home appliances and windows. They are providing growth opportunities for the hydrophilic coating market.

Restraints

Fluctuating raw material prices

The fluctuating raw material prices of hydrophilic coating, low shelf life and high production cost, upsurge in the environment safety concerning the use of a fluoropolymer-based hydrophobic coating, Lack of ability to maintain stability, and increase in the cost of these hydrophilic coating are the key factors among others are restrictive the growth of the hydrophilic coating market.

Pre-Covid-19 impact on global Hydrophilic Coating market

Pre-covid-19, the demand for hydrophilic coatings has increased due to the increasing disposable income of people worldwide. Increasing demand for hydrophilic coatings in the medical sector, the increasing willingness to occupy on high-execution medical devices to offer enhanced patient care. Growing the adoption of hydrophilic coatings in aerospace, automotive, and marine industries are the factors to drive the market growth.

Covid-19 impact on global Hydrophilic Coating market

Hydrophilic coatings have become projecting in the increase of the COVID 19 pandemic. Some suppliers of hydrophilic coatings are increasing their share of medical coatings. The strategic shift is primarily due to lower vehicle production and losses in the aviation sector in the pandemic. Hydrophilic coatings have increased the demand for medical devices, surgical instruments, and devices. The medical sector has driven the growth of hydrophilic coating applications in the COVID 19 period.

Post Covid-19 impact on global Hydrophilic Coating market

After the post-Covid pandemic, the global hydrophilic coating market is growing demand for hydrophilic coating products owing to the US Food and Drug Administration is increasing the focus on medical device coatings to develop frameworks that influence medical device companies and hydrophilic coating suppliers. Coating manufacturers are expected to develop biocompatible technologies to meet strict quality control practices and improve the performance of medical devices, which is the factor in the growth of the hydrophilic coating market in post covid period.

Product Type Segmental Analysis

Based on the product type, the global hydrophilic coating market is segregated into a polymer, glass/ceramic, metal, and nanoparticle, based on the product type. The nanoparticle segment is estimated to have the maximum market share in the Product Type for the hydrophilic coating market Due to their physical, optical, chemical, electronic, and biomedical properties. The use of silica nanoparticles to create ultra-hydrophilic, transparent, durable coatings on painted surfaces is gaining attention. Furthermore, nanoparticle segment growth applications such as exterior and interior paint painting, high-rise building façade and stained-glass painting, all types of structures and transport vehicles, and various industrial and non-industrial maintenance coatings are driving the market growth.

End-User Segmental Analysis

Based on the end-user, the global hydrophilic coating market is categorized into medical, marine, automotive, aerospace, optics, others based on end-user industry. The medical segment is projected to have the largest market share in the hydrophilic coating market. Hydrophilic coating technology creates a hydrophilic surface, minimizes the risk of damaging the vessel wall and allows navigation along winding vascular pathways. This coating has expanded the range of treatment areas for neurological procedures, balloon catheter angioplasty, and site-specific drug therapy. The market’s growth is driven by the rising demand for advanced medical technology and lubricated medical devices.

Region Segmental Analysis

Based on the region hydrophilic coating market is categorized as North America, Asia Pacific, Europe, South America, and the Middle East & Africa based on the region. The Asia Pacific region is projecting considerable growth over 2022-2028. The significant income growth in the middle-class population and the growing elderly population in the region supports the medical sector’s growth and increases the demand for hydrophilic coatings on medical devices, increasing automotive production in the region’s emerging economies.

Competitor Analysis

Companies include Abbott Laboratories Inc, AST Products, Inc, Surmodics Incorporated, Corning, Inc., Hydromer, Inc, Ada source Biomaterials Corporation, Aculon Inc, Biocoat, Inc, Koninklijke DSM N.V., Henkel AG & Co. KGaA, Pangolin Medical, BioInteractions Ltd., Dontech, Inc., and Harland Medical Systems, are the key players in the global Hydrophilic Coating market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global hydrophilic coating market manufacturing firm
Local Governments
Regulatory bodies
Suppliers
Retailers

Recent Development

In 2021 Surmodics, Inc., a leading provider of medical device and in vitro diagnostic technologies to the health care industry, announced the successful first clinical uses of the Sublime™ Radial Access .018 RX PTA Dilatation Catheter. he Sublime Radial Access .018 RX PTA Dilatation Catheter, which received FDA 510(k) clearance in June.
In 2020, AST Products, inc. Receives US FDA 510(k) clearance for its bioli™ iol delivery system to be marketed in the United States.
In 2019, AdvanSource Biomaterials Corporation, a materials technology company specializing in medical-grade polymers for long- and short-term applications, announced entered into a definitive Asset Purchase Agreement with Mitsubishi Chemical Performance Polymers, Inc.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 12.05 Billion
The revenue forecast in 2028	USD 17.25 Billion
Growth Rate	CAGR of 5.2% from 2022 to 2028
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Abbott Laboratories Inc, AST Products, Inc, Surmodics Incorporated, Corning, Inc., Hydromer, Inc, Ada source Biomaterials Corporation, Aculon Inc, Biocoat, Inc, Koninklijke DSM N.V., Henkel AG & Co. KGaA, Pangolin Medical, BioInteractions Ltd., Dontech, Inc., and Harland Medical Systems.

Market Modelling

By Product Type

Beverage
Commodity
Food
Others

By Application

Airport
Railway Station
School
Business Center
Others

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the hydrophilic coating?

Hydrophilic coatings are surface coatings applied to catheters to reduce surface friction and improve traceability. The improved lubricity provided by the hydrophilic coating allows the catheter shaft to target complex areas within the body. Tissue irritation and damage are reduced, and patient outcomes are improved.

What is the growth rate of the global hydrophilic coating market?

The hydrophilic coating market size was valued at USD 12.05 Billion in 2021 and projected to reach USD 17.25 Billion by 2028, growing at a CAGR of 47% during the forecast period, 2022-2028.

Who are the key driving factors for the global hydrophilic coating market?

The hydrophilic coating market is likely to grow significantly due to the increasing prevalence of contact diseases, especially in medical building supply facilities, which have increased the demand for medical devices.

Who are the major key players in the global hydrophilic coating market?

Companies include Abbott Laboratories Inc, AST Products, Inc, Surmodics Incorporated, Corning, Inc., Hydromer, Inc, Ada source Biomaterials Corporation, Aculon Inc, Biocoat, Inc, Koninklijke DSM N.V., Henkel AG & Co. KGaA, Pangolin Medical, BioInteractions Ltd., Dontech, Inc., and Harland Medical Systems, Others prominent players in the hydrophilic coating market.

Which region is expected to have the largest share in the global hydrophilic coating market?

The Asia Pacific region is expected to have a major share in the global hydrophilic coating market.

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