Hydrophilic coatings market
Hydrophilic Coatings Market, by End-Use Industry (Healthcare, Automotive, Aerospace, Marine, Optics, and Others), by Substrate (Polymers, Glass, Metal, Nanoparticles, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, Africa, Middle East)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Nov 2022
- CMI986
- 163 Pages
- Excel & Pdf
- Advanced Materials
Hydrophilic coatings refer to low friction and wet table coatings majorly applied to various medical devices including cannulas, catheters, and guide wires. Hydrophilic coatings on medical devices produce a lubricious surface reducing irritation and trauma caused by the insertion of a medical device in the body. In addition to this, hydrophilic coatings help to prevent the medical devices from bacterial colonization, thereby reducing the possibility of infections.
Global hydrophilic coatings market was valued at US$ 13.16 Bn in 2021 in terms of revenue, exhibiting a CAGR of 6.69 % during the forecast period (2022 to 2030).
Drivers
The major factors propelling the growth of this market include the increasing adoption of hydrophilic coatings from end-use industries, such as healthcare, automotive, aerospace, and marine. Hydrophilic coatings exhibit water attracting properties and produces a hydrogen bond, which creates a lubricious and wettable coating that can be applied to a variety of surfaces and materials. Furthermore, the growing demand for lightweight materials in the automotive industry is expected to boost the growth of this market in near future. However, the high production cost of the hydrophilic coatings coupled with the lower shelf life of these products are the major factors hindering the growth of the market.
In terms of revenue, North America dominated the hydrophilic coatings market accounted for a share of more than around 35%. This dominance is due to increasing awareness regarding the benefits associated with non-invasive surgery procedures including laparoscopic surgery, endoscopic surgery, and thoracoscopic surgery. Furthermore, the rising penetration of hydrophilic coatings in the optics, aerospace, and automotive industries is largely contributing to the growth of hydrophilic coatings market in the region. The application of hydrophilic coatings on optical surface enhances transparency and provides clear vision, thus increasing the penetration level of hydrophilic coatings in various optical devices including outdoor surveillance, camera windows, and outdoor displays. Hydrophilic coatings are extensively used in car windshields and rear-view mirrors in order to ensure clarity while driving during rains. This factor is highly responsible for the growth of this market in the U.S, which in turn is complementing the growth of the hydrophilic coatings market in North America.
Asia Pacific is anticipated to be the fastest growing market for hydrophilic coatings, witnessing the highest CAGR of 6.69 % during the forecast period (2022 - 2030). Major factors propelling the growth of this market include substantial growth in the income of middle-class population and the steadily growing geriatric population in the region, which is supporting the growth of medical sector, in turn increasing the demand for hydrophilic coatings in the medical devices. According to the United Nations Population Fund (UNFPA), the region is aging faster at an unprecedented rate and by 2050, one out of four people in the Asia Pacific is expected to be over 60 years. Furthermore, UNFPA anticipated that the geriatric population in the region is expected to triple between 2010 and 2050, amounting to around 1.3 billion people. The steadily growing healthcare sector in China is also propelling the growth of hydrophilic coatings market. According to Coherent Market Insights, the health care expenditure in China is expected to grow from US$ 355 billion in 2011 to approximately US$ 1 trillion by 2020.
Figure 1. Global Hydrophilic Coatings Market Share, By End-use Industry, 2021
Market Restraints
The presence of too many competitors, issues related to smuggling, stringent law enforcement, and legal suits by the licensees are the major restraint.
Hydrophilic Coatings Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 13.16 Bn |
Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
Forecast Period 2022 to 2030 CAGR: | 6.69 % | Forecast Period: | 2022-2030 |
Geographies covered: |
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Segments covered: |
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Companies covered: |
SurModics Inc., Aculon Inc., Surface Solutions Group LLC, Hydromer Inc., Teleflex Incorporated, AdvanSource Biomaterials Corp., Koninklijke DSM N.V., Covalon Technologies Ltd., and Harland Medical Devices. |
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Growth Drivers: |
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Restraints & Challenges: |
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Market Trends
- The medical device market is rapidly increasing in the Asia Pacific region, which is expected to drive the consumption of hydrophilic coating in the manufacturing of the medical equipment which led to market growth.
- The North American region is the largest market of medical device across the globe, being the major application of hydrophilic coating in the medical devices, the hydrophilic coating market is also expected to witness a rise.
- The top market players in the hydrophilic coatings are expanding and increasing their distribution channels looking at the more demand across the new regions.
- Cutting-edge technologies are advanced innovative technologies used in the anti-fog coatings that improve the product performance and durability. Tensistat is a moldable hydrophilic polymer material, which is specifically used for medical devices without any additional processes, providing an opportunity for the market growth.
Figure 2. Global Hydrophilic Coatings Market value Share (%), By Substrate, 2021
Based on substrates, the hydrophilic coatings market is segmented into polymers, glass, metal, nanoparticles, and others. The polymer segment is expected to record a rapid growth in near future witnessing highest CAGR during the forecast period.
Recent Developments
- In April 1, 2020, Royal DSM, leading global solutions supplier confirmed the completion of its acquisition of Glycom, which is a leading supplier of Human Milk Oligosaccharides for an enterprise value of US$ 833.31 million. This acquisition was done to gain a competitive market share by the company.
- On Oct 13, 2022 Global Hydrophilic Coatings Market research report 2022 provides a detailed pipeline analysis of the frameworks of SWOT and Porter’s Five Forces Analysis, market attractiveness charts.
Competitive Section
Major players operating in the global hydrophilic coatings market include SurModics Inc., Aculon Inc., Surface Solutions Group LLC, Hydromer Inc., Teleflex Incorporated, AdvanSource Biomaterials Corp., Koninklijke DSM N.V., Covalon Technologies Ltd., and Harland Medical Devices.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By End-use Industry
- Market Snippet, By Substrate
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
- Market Dynamics
- Global Hydrophilic Coatings Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Hydrophilic Coatings Market – COVID-19
- Impact Analysis
- Global Hydrophilic Coatings Market, By End-use Industry , 2017-2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Aerospace
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Marine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Optics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Introduction
- Global Hydrophilic Coatings Market, By Substrate, 2017-2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Polymers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Glass
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Metal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Nanoparticles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Introduction
- Global Hydrophilic Coatings Market, By Region, 2017-2030 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2017 - 2030
- North America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Europe
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Asia-Pacific
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Latin America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Africa
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Middle East
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By End-use Industry, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Substrate, 2017- 2030 (US$ Billion)
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- SurModics Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Aculon Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Surface Solutions Group LLC
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Hydromer Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Teleflex Incorporated
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- AdvanSource Biomaterials Corp.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Koninklijke DSM N.V.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Covalon Technologies Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Harland Medical Devices.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- SurModics Inc.
- Section
- References
- Research Methodology
- About Us and Sales Contact
Detailed Segmentation:
- Global Hydrophilic Coatings Market, By End-use Industry:
-
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- Global Hydrophilic Coatings Market, By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- Global Hydrophilic Coatings Market, By Geography:
- North America
- U.S.
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Canada
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- U.S.
- Europe
- U.K.
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Germany
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Italy
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- France
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Spain
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Russia
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Rest of Europe
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- U.K.
- Asia-Pacific
- China
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- India
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Japan
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- ASEAN
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Australia
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- South Korea
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Rest of Asia Pacific
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- China
- Latin America
- Brazil
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Mexico
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Argentina
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Rest of Latin America
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Brazil
- Africa
- Northern Africa
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Central Africa
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- South Africa
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Northern Africa
- Middle East
- GCC
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Israel
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- Rest of Middle East
- By End-Use Industry:
- Healthcare
- Automotive
- Aerospace
- Marine
- Optics
- Others
- By Substrate:
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
- By End-Use Industry:
- GCC
- North America