Global hydrophilic coatings market was valued at US$ 9.58 Billion in 2016, according to Global Hydrophilic Coatings Market Report by End-Use Industry (Healthcare, Automotive, Aerospace, Marine, Optics, and Others), by Substrate (Polymers, Glass, Metal, Nanoparticles, and Others), published by Coherent Market Insights. The hydrophilic coatings market is expected to register a CAGR of 7.07% over the forecast period (2017 - 2025) to reach US$ 17.66 Billion by 2025.
The major factors propelling the growth of this market include its diversified characteristics, such as low friction coefficient, low particulate count, and high lubricity. Furthermore, its wide application in end-use industries, such as healthcare, aerospace, marine, and automotive are another factors supporting the growth of this market currently. In addition to this, the superiority of these coatings over conventional lubricated coatings including silicone oil and glycerin is boosting the growth of global hydrophilic coatings market, owing to the conventional coatings, which have higher possibility of getting separated from the medical devices when being used and may cause high injury risk. Low shelf life and high production costs are some of the major factors hindering the growth of this market.
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