The hydrophilic coatings market was valued at US$12.121 billion in 2021.
Hydrophilic coatings are specialized and protective barriers designed to attract and retain water content and moisture. They are particularly useful in applications where the surface needs to be damp or soaked in water or other liquids to facilitate an evenly spread application across a surface to improve the performance and durability of the product by simultaneously enhancing the ease of cleaning and maintaining such surfaces. Hydrophilic coatings are applied across polymer, metal, glass & ceramics, and nanoparticle substrates used in the automotive, optics, marine, medical devices & equipment, and other industries. The increasing demand for sustainable and eco-friendly coatings is expected to increase the demand for hydrophilic coatings as hydrophilic coatings are often water-based and contain fewer volatile organic compounds than traditional solvent-based coatings. Further, the development of hydrophilic coatings using new materials and coating technologies to improve properties such as enhanced lubricity, biocompatibility, and durability is driving the growth of the hydrophilic coatings market.Market Drivers:
- Rising demand from the automotive sector
- Developments in hydrophilic coating technology
By end- user industry, the medical devices and equipment segment is anticipated to increase its market share prominently.Hydrophilic coatings are extensively used in medical devices and equipment, such as catheters, guidewires, and stents, to improve lubricity and reduce friction during insertion and use. The increasing demand for minimally invasive surgeries and medical procedures results in a high demand for hydrophilic coatings in the medical industry. Further, the relative superiority of hydrophilic coatings over non-hydrophilic coated lubricants due to their antibacterial and biomedically safe qualities and the simultaneous advantage of cost-effectiveness and multifunctionality driven by its anti-infection properties is increasing its consumption across medical equipment and devices.
The availability of substitutions like hydrophobic coatings and certain regulatory issues could restrict the market's growth.
Substitute coating technologies such as hydrophobic coatings could be applied across vehicle glasses to prevent the raindrops from blocking the view, limiting the widespread consumption of hydrophilic coatings. Further, the development and use of hydrophilic coatings in certain applications, such as medical devices, could be subject to regulatory approval, resulting in delays and additional costs, leading to restricted market growth.
Market Developments:
- In March 2021,Lumendi Ltd., a UK-based medical company producing different endoscopy equipment, declared the launch of a new hydrophilic coating, EZ Glide, to be used across endoluminal devices commonly used as endoscopic applications.
- In April 2022,Biocoat Inc., a US-based company specializing in hydrophilic coating technology and biomaterial coatings, introduced a new production line, EMERSE, to facilitate the use of hydrophilic dip coating equipment systems on medical devices.
- In February 2020,Biocoat Inc. introduced a new hydrophilic coating product, HYDAK UV, driven by bi-laminar technology used in its thermal heat cure coating to facilitate a flexible merge of UV coating systems based on industry standards.
Asia Pacific holds a substantial market share of the hydrophilic coatings market and is expected to grow in the forecast period.
The growth in medical equipment and optics production across major Asian nations is expected to drive the hydrophilic coatings market in the region. For example, the IBEF revealed that the aggregate value of medical devices manufactured in India in 2021 amounted to US$12 billion. Further, countries like China, Japan, and South Korea are also witnessing an expanding healthcare and medical equipment sector. For instance, Chinese medical equipment imports to India amounted to Rs.63,200 crore in 2022, which increased by 41% from its value of Rs.44,708 crore in 2021.
Market Segmentation:
Market Segmentation:
By Substrate
- Polymer
- Metal
- Glass & Ceramics
- Nanoparticles
By End-User Industry
- Automotive
- Optics
- Marine
- Medical Devices & Equipment
- Others
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Taiwan
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. HYDROPHILIC COATINGS MARKET BY SUBSTRATE
6. HYDROPHILIC COATINGS MARKET BY END-USER INDUSTRY
7. HYDROPHILIC COATINGS MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
- AST Products Inc.
- Joninn
- Hydromer Inc
- Aculon
- Applied Medical Coatings
- Harland Medical Systems Inc.
- Sigma Aldrich
- Surmodics Incorporated
- Biocoat, Inc
- DSM
Methodology
LOADING...