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Global Hydrophilic Coating Market to reach USD 18229.6 million by 2027

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Global Hydrophilic Coating Market is valued at approximately USD 11285.7 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2020-2027. Hydrophilic coatings are low friction coating applied to medical devices such as guide wires, catheters, and cannulas. It helps to abbreviate the occurrences of inflammation and damage caused by the medical devices when devices are used on a patient. Hydrophilic coatings react on water and produce hydrogel material, which is waterproof and suitable for biological interactions. They are also used in optical devices such as camera windows, outdoor surveillance, outdoor displays as well as used in automotive parts such as the body for glazing and rear-view mirrors as an anti-fog agent. These coatings are primarily used in industrial applications to reduce the surface friction and improve lubricity. Therefore, these factors are anticipated to drive the growth of this segment all over the world. Moreover, the advent of the COVID-19 pandemic has a swift and severe impact on every single sector of the global industry thus, representing a substantial decline in the demand for paints & coatings, thus demand for hydrophilic coating is also significantly decline. The recovery of growth for this industry is highly reliant on the duration of restrictions imposed and their influence on economic activity across the globe. Furthermore, the rise in demand from the medical devices industry, along with the increasing application in automobiles due to its exceptional water absorption properties are the few other factors driving the market growth during the forecast period.

According to Statista, the global medical device production was totaled about USD 679 billion in 2016 and reached almost USD 786 billion in 2018, significantly. Also, it is predicted that the global medical device production would grow with roughly USD 894 billion by 2020. Likewise, the United States is the leading country in terms of medical device production around USD 147 billion in 2016 that reached USD 173 billion in the year 2019. This, in turn, is expected to accelerate the usage of hydrophilic coating all over the world. However, the high cost of the hydrophilic coating is one of the major factors impeding the growth of the market over the forecast period of 2020-2027.

The regional analysis of the global Hydrophilic Coating market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging automotive & aerospace sector along with rising medical device production in the region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising production of both passenger cars and commercial vehicles, coupled with improving healthcare infrastructure would create lucrative growth prospects for the demand of hydrophilic coating in the region.

Major market player included in this report are:
Aculon, Inc.
Biocoat, Inc.
Harland Medical Systems, Inc.
Royal DSM
AdvanSource Biomaterials Corporation
AST Products, Inc.
Coatings 2 Go
ConvaTec Group PLC
Applied Medical Coatings, LLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Polymer Substrate
Glass/Ceramic Substrate
Metal Substrate
Nanoparticle Substrate

By Application:
Medical Devices
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Hydrophilic Coating Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

To get a sample of this report or to purchase a copy of the study, you can directly contact us. Or mail to us at:

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