The global Hydrophilic Coating Market is forecasted to reach USD 18.78 Billion by 2027, according to a new report by Reports and Data. Hydrophilic coatings are also ionic in most cases and are usually charged negatively to facilitate aqueous interaction. After being added to a substratum, such items identify a type of material that is wet-able, lubricating, and ideal for tailor-made biological activity, thereby boosting industry production. Medical coating class finds its extensive use in advanced applications such as the delivery of drugs and organic interaction.
The advent of innovative surface finishing technologies, performance efficiency, and durability improvements, ease of use, and lubricity should meet the increasing demand for the hydrophilic market. Biocompatibility and the usage of processing of biobased raw materials will fuel development in the industry. For medical equipment, efforts were made to use fluoropolymers and PTFE. Still, they struggled for certain situations because there was no way to regulate devices’ unstable rendering them impossible to operate, thereby increasing demand for hydrophilic coatings.
Market Overview:
The rise in materials and chemicals companies’ deployment of digital technologies to enhance efficiency gains and increase reliability are the key factors stimulating materials and chemicals industry trends. The industry players are allocating huge budgets for advanced sensing and automation machines to enhanced optimization of operations.
Materials and chemicals are used across various end-use industries such as manufacturing, medical & pharmaceutical, automotive, food tech, among others. New product launches, technological advancements, growing consumer demand variety in daily use items, and increasing automation in the industry will accrue to major revenue gains in the coming years. Also, increasing consumer awareness regarding energy-efficiency and associated demand for sustainable products will boost market growth during the forecast period.
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Further key findings from the report suggest
- Based on the substrates, nanoparticle substrates generated a revenue of USD 01.82 billion in 2019 and expected to rise with a CAGR of 7.2% in the forecast period attributable to its mechanical, physical, chemical, electrical, and biomedical characteristics, the rapid growth and use of nanotechnology and nanomaterials in device industries.
- The colloidal silica-based coatings expected to grow with a CAGR of 7.1% in the forecasted period, due to the increasing demand for other alternatives in products, including paints and coatings, fabrics, and pigment, such as silica gels and silica sols.
- The automotive application is the major contributor to the Hydrophilic Coating Market. The automotive sectors of North America region are the major shareholder of the market and held around 30.0% of the market in the year 2019, owing to the industry’s growing usage of coating on rubber, metal, and glass substrates for applying on windshield glass, vehicle mirrors.
- North America dominated the market for Hydrophilic Coating in 2019. The persistent emphasis of the area on cost-effective and creative methods being implemented in the sector drives the business. North America region held approximately 32.7% of the market, followed by the Asia Pacific, which contains around 28.8% market in the year 2019.
- Key participants include BioInteractions Inc., Koninklijke DSM, Surface Solution Group, Surmodics, Telefax Inc., Aculon Inc., Applied Medical Coatings, Hydromer Inc., Corning Incorporated, and Surmodics Incorporated, among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hydrophilic-coating-market
For the purpose of this report, Reports and Data have segmented into the global Hydrophilic Coating market on the basis of substrates, product, application, and region:
Substrates Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
Type Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
- Resin-Based Coatings
- Colloidal Silica Based Coatings
- Sodium Silicate Based Coatings
- Others
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Aerospace
- Automotive
- Marine
- Medical devices & equipment
- Optical
- Others
Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- U.K
- France
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- Latin America
- Brazil
- Rest of LATAM
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Frequently asked questions addressed in the report:
- What is the projected growth rate of the global Hydrophilic Coating market over the forecast period?
- What are the latest trending factors influencing market growth?
- What are the major factors driving the growth of the Global Hydrophilic Coating Market?
- What are the risks and challenges existing in the industry?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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