HOME Top Market Reports Hydrophilic Coating Market by Substrate (Polymers, Glass/Ceramics, Metals, Nanoparticles), End User (Medical Devices, Optics, Automotive, Aerospace, Marine), and Region - Global Forecast to 2021

Hydrophilic Coating Market by Substrate (Polymers, Glass/Ceramics, Metals, Nanoparticles), End User (Medical Devices, Optics, Automotive, Aerospace, Marine), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: CH 4489

 

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The global hydrophilic coating market was valued at USD 8.89 Billion in 2015 and is projected to reach USD 12.77 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021.

The significant end users of hydrophilic coatings are medical devices, optics, automotive, aerospace, and marine, among others. Increasing usage of hydrophilic coatings in these end users will consequently drive the growth of the global hydrophilic coating market during the forecast period. The competitiveness in the global hydrophilic coating market has intensified with the increasing number of agreements & collaborations, new products launches, capacity expansions, and partnerships. Factors such as increasing applicability of hydrophilic coatings across varied end users, technological advancements, and growing demand for hydrophilic coatings in the regions, such as Asia-Pacific are driving the growth of the global hydrophilic coating market.

The global hydrophilic coating market has been segmented on the basis of substrate, end user, and region. The years considered for the study are:

Base Year – 2015
Estimated Year – 2016
Projected Year – 2021
Forecast Period – 2016 to 2021

For company profiles in the report, 2015 has been considered as the base year. Wherever the information was unavailable for the base year, the year previous to the base year has been considered.

Objectives of the Study

  • To define and segment the global hydrophilic coating market, by substrate, end user, and region
  • To identify the market dynamics, such as drivers, restraints, and opportunities impacting the growth of the global hydrophilic coating market during the forecast period
  • To analyze and forecast the demand for hydrophilic coatings, in terms of value and volume
  • To estimate, analyze, and forecast the global hydrophilic coating market with respect to key countries
  • To strategically identify and profile the key players in the global hydrophilic coating market
  • To analyze recent developments, such as facility & capacity expansions, partnerships & collaborations, and new product launches in the global hydrophilic coating market
  • To analyze and forecast the demand for hydrophilic coatings for different end users, such as medical devices, optics, automotive, aerospace, and marine, among others

Research Methodology

This research study involves extensive usage of secondary sources, such as directories and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for technical, market-oriented, and commercial study of the global hydrophilic coating market. The research methodology used for the report can be explained as follows:

  • Analysis of country-wise volume of hydrophilic coatings for the past three years
  • Analysis of different types of hydrophilic coatings used by various end users and the benefits offered by them for product formulations
  • Analysis of the global hydrophilic coating peer market

The figure below shows the breakdown of the primaries conducted during the research study on the basis of company, designation, and region.

Hydrophilic Coating Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global hydrophilic coating market consists of key suppliers, including manufacturers of coatings as well as hydrophilic coatings. These are important participants in the ecosystem of the global hydrophilic coating market as they play crucial role in the entire value chain. Various key players in the global hydrophilic coating market, such as Royal DSM (the Netherlands), Biocoat, Inc. (U.S.), Aculon Inc. (U.S.), Advasource Biomaterials Corporation (U.S.), Hydromer, Inc. (U.S.), Corning, Inc. (U.S.), Surmodics Incorporated (U.S.), AST Products, Inc. (U.S.), and Abbott Laboratories Inc. (U.S.), among others have been covered in the report. The growth of the global hydrophilic coating market is primarily triggered by the huge demand for these hydrophilic coatings from medical devices, optics, automotive, aerospace, marine, and other end users.

Target Audience:

  • Manufacturers of Hydrophilic Coatings
  • Suppliers, Distributors, and Traders of Hydrophilic Coatings
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Trade Experts
  • Investors
  • Entrepreneurs
  • Policy Professionals
  • Technology Startups and Venture Capital Funds

Scope of the Report:

Global Hydrophilic Coating Market, By End User:

  • Medical Devices
  • Optics
  • Automotive
  • Aerospace
  • Marine
  • Others

Global Hydrophilic Coating Market, By Substrate:

  • Polymers
  • Glass/Ceramics
  • Metals
  • Nanoparticles
  • Others

Global Hydrophilic Coating Market, By Region:

  • North America
  • Europe  
  • Asia-Pacific
  • South America
  • Middle East & Africa

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations as per specific needs of the clients. The following customization options are available for the report:

  • Product Analysis
  • Low Cost Sourcing Locations
  • Hydrophilic Coating Safety Standards
  • Trade Analysis

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
    2.2 Research Data
           2.2.1 Secondary Data
                     2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Data
                     2.2.2.1 Key Data From Primary Sources
                     2.2.2.2 Key Industry Insights
                     2.2.2.3 Breakdown of Primaries
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Asia-Pacific Expected to Witness Significant Growth in the Hydrophilic Coating Market
    4.2 Hydrophilic Coating Market: Key Region
    4.3 Hydrophilic Coating Market in North America
    4.4 Hydrophilic Coating Market, By Substrate
    4.5 Hydrophilic Coating Market: By Region
    4.6 Hydrophilic Coating Market: Emerging vs Developed Nations
    4.7 Hydrophilic Coating Market, By End User
    4.8 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 High Growth in the Medical Device Market
           5.3.2 Restraints
                     5.3.2.1 Low Shelf Life
                     5.3.2.2 High Cost
           5.3.3 Opportunities
                     5.3.3.1 Multifunctional Coatings
                     5.3.3.2 Growing End Users in Emerging Regions
    5.4 Industry Trends
    5.5 Value Chain Analysis

6 Hydrophilic Coating Market, By End User (Page No. - 43)
    6.1 Introduction
    6.2 Medical Devices
    6.3 Optics
    6.4 Automotive
    6.5 Aerospace
    6.6 Marine
    6.7 Others

7 Hydrophilic Coating Market, By Substrate (Page No. - 57)
    7.1 Introduction
    7.2 Polymers
    7.3 Glass/Ceramics
    7.4 Metals
    7.5 Nanoparticles
    7.6 Others

8 Regional Analysis (Page No. - 67)
    8.1 Introduction
    8.2 North America
    8.3 Europe
    8.4 Asia-Pacific
    8.5 South America
    8.6 Middle East & Africa

9 Competitive Landscape (Page No. - 103)
    9.1 Overview
    9.2 Agreements & New Product Launches: One of the Most Popular Growth Strategy
    9.3 Maximum Developments in 2013
    9.4 Competitive Situation and Trends
           9.4.1 Agreements
           9.4.2 New Product Launch
           9.4.3 Partnership
           9.4.4 Collaborations and Expansions

10 Company Profiles (Page No. - 109)
     10.1 Hydromer
               10.1.1 Business Overview
               10.1.2 Products & Services Offered
               10.1.3 Recent Developments
               10.1.4 SWOT Analysis
               10.1.5 MnM View
     10.2 Abbott Laboratories Inc.
               10.2.1 Business Overview
               10.2.2 Products & Services Offered
               10.2.3 Recent Developments
               10.2.4 SWOT Analysis
               10.2.5 MnM View
     10.3 Corning Inc.
               10.3.1 Business Overview
               10.3.2 Products & Services Offered
               10.3.3 Recent Developments
               10.3.4 SWOT Analysis
     10.4 Harland Medical Systems Inc.
               10.4.1 Business Overview
               10.4.2 Products & Services Offered
               10.4.3 MnM View
     10.5 Surmodics Incorporated
               10.5.1 Business Overview
               10.5.2 Products and Services Offered
               10.5.3 Recent Developments
               10.5.4 SWOT Analysis
               10.5.5 MnM View
     10.6 Royal DSM
               10.6.1 Business Overview
               10.6.2 Products & Services Offered
               10.6.3 Recent Developments
               10.6.4 SWOT Analysis
               10.6.5 MnM View
     10.7 Biocoat, Inc.
               10.7.1 Business Overview
               10.7.2 Products & Services Offered
               10.7.3 Recent Developments
     10.8 Aculon, Inc.
               10.8.1 Business Overview
               10.8.2 Products & Services Offered
     10.9 Ast Products, Inc.
               10.9.1 Business Overview
               10.9.2 Products & Services Offered
     10.10 Advansource Biomaterials Corporation
               10.10.1 Business Overview
               10.10.2 Products and Services Offered
               10.10.3 Recent Developments
     10.11 Coatings2go
     10.12 Surface Solutions Group, LLC
     10.13 TST Engineered Coating Solutions
     10.14 Surmodics, Inc.
     10.15 Hemotec AG
     10.16 Sono-Tek Corporation
     10.17 Precision Coating Company Incorporated
     10.18 Biointeractions Ltd.
     10.19 Applied Medical Coatings, LLC
     10.20 Formacoat, LLC
     10.21 Medi-Solve Coatings

11 Appendix (Page No. - 135)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT : Real Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports


List of Tables (92 Tables)

Table 1 Impact of Hydrophilic Coating Market Opportunities (2016-2021)
Table 2 Hydrophilic Coating Market, By End User, 2014–2021 (USD Million)
Table 3 Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 4 Hydrophilic Coating Market for Medical Devices, By Region, 2014–2021 (USD Million)
Table 5 Hydrophilic Coating Market for Medical Devices, By Region, 2014–2021 (Kilo Tons)
Table 6 Hydrophilic Coating Market for Optics, By Region, 2014–2021 (USD Million)
Table 7 Hydrophilic Coating Market for Optics, By Region, 2014–2021 (Kilo Tons)
Table 8 Hydrophilic Coating Market for Automotive, By Region, 2014–2021 (USD Million)
Table 9 Hydrophilic Coating Market for Automotive, By Region, 2014–2021 (Kilo Tons)
Table 10 Hydrophilic Coating Market for Aerospace, By Region, 2014–2021 (USD Million)
Table 11 Hydrophilic Coating Market for Aerospace, By Region, 2014–2021 (Kilo Tons)
Table 12 Hydrophilic Coating Market for Marine, By Region, 2014–2021 (USD Million)
Table 13 Hydrophilic Coating Market for Marine, By Region, 2014–2021 (Kilo Tons)
Table 14 Hydrophilic Coating Market for Others, By Region, 2014–2021 (USD Million)
Table 15 Hydrophilic Coating Market for Others, By Region, 2014–2021 (Kilo Tons)
Table 16 Hydrophilic Coating Market, By Substrate, 2014-2021 (USD Million)
Table 17 Hydrophilic Coating Market, By Substrate, 2014-2021 (Kilo Tons)
Table 18 Hydrophilic Coating Polymers Market, By Region, 2014-2021 (USD Million)
Table 19 Hydrophilic Coating Polymers Market, By Region, 2014-2021 (Kilo Tons)
Table 20 Hydrophilic Coating Glass/Ceramics Market, By Region, 2014-2021 (USD Million)
Table 21 Hydrophilic Coating Glass/Ceramics Market, By Region, 2014-2021 (Kilo Tons)
Table 22 Hydrophilic Coating Metals Market, By Region, 2014-2021 (USD Million)
Table 23 Hydrophilic Coating Metals Market, By Region, 2014-2021 (Kilo Tons)
Table 24 Hydrophilic Coating Nanoparticles Market, By Region, 2014-2021 (USD Million)
Table 25 Hydrophilic Coating Nanoparticles Market, By Region, 2014-2021 (Kilo Tons)
Table 26 Hydrophilic Coating Other Substrates Market, By Region, 2014–2021 (USD Million)
Table 27 Hydrophilic Coating Other Substrates Market, By Region, 2014-2021 (Kilo Tons)
Table 28 Hydrophilic Coating Market, By Region, 2014–2021 (USD Million)
Table 29 Hydrophilic Coating Market, By Region, 2014–2021 (Kilo Tons)
Table 30 North America Hydrophilic Coating Market, By Country, 2014–2021 (USD Million)
Table 31 North America Hydrophilic Coating Market, By Country, 2014–2021 (Kilo Tons)
Table 32 North America Hydrophilic Coating, By End User, 2014–2021 (USD Million)
Table 33 North America Hydrophilic Coating, By End User, 2014–2021 (Kilo Tons)
Table 34 North America Hydrophilic Coating, By Substrate, 2014–2021 (USD Million)
Table 35 North America Hydrophilic Coating, By Substrate, 2014–2021 (Kilo Tons)
Table 36 U.S. Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 37 Canada Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 38 Mexico Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 39 Europe Hydrophilic Coating Market, By Country, 2014–2021 (USD Million)
Table 40 Europe Hydrophilic Coating, By Country, 2014–2021 (Kilo Tons)
Table 41 Europe Hydrophilic Coating Market, By End User, 2014–2021 (USD Million)
Table 42 Europe Hydrophilic Coating, By End User, 2014–2021 (Kilo Tons)
Table 43 Europe Hydrophilic Coating Market, By Substrate, 2014–2021 (USD Million)
Table 44 Europe Hydrophilic Coating Market, By Substrate, 2014–2021 (Kilo Tons)
Table 45 Germany Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 46 France Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 47 U.K. Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 48 Italy Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 49 Russia Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 50 Belgium Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 51 Spain Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 52 Rest of Europe Hydrophilic Coating Market, By End User, 2014–2021 (USD Kilo Tons)
Table 53 Asia-Pacific Hydrophilic Coating Market, By Country, 2014–2021 (USD Million)
Table 54 Asia-Pacific Hydrophilic Coating Market, By Country, 2014–2021 (Kilo Tons)
Table 55 Asia-Pacific Hydrophilic Coating Market, By End User, 2014–2021 (USD Million)
Table 56 Asia-Pacific Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 57 Asia-Pacific Hydrophilic Coating Market, By Substrate, 2014–2021 (USD Million)
Table 58 Asia-Pacific Hydrophilic Coating Market, By Substrate, 2014–2021 (Kilo Tons)
Table 59 China Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 60 Japan Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 61 New Zealand Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 62 Malaysia Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 63 India Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 64 Australia Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 65 Hong Kong Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 66 Rest of Asia-Pacific Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 67 South America Hydrophilic Coating Market, By Country, 2014–2021 (USD Million)
Table 68 South America Hydrophilic Coating Market, By Country, 2014–2021 (Kilo Tons)
Table 69 South America Hydrophilic Coating Market, By End User, 2014–2021 (USD Million)
Table 70 South America Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 71 South America Hydrophilic Coating Market, By Substrate, 2014–2021 (USD Million)
Table 72 South America Hydrophilic Coating Market, By Substrate, 2014–2021 (Kilo Tons)
Table 73 Brazil Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 74 Argentina Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 75 Colombia Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 76 Peru Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 77 Rest of South America Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 78 Middle East & Africa Hydrophilic Coating Market, By Country, 2014–2021 (USD Million)
Table 79 Middle East & Africa Hydrophilic Coating Market, By Country, 2014–2021 (Kilo Tons)
Table 80 Middle East & Africa Hydrophilic Coating Market, By End User, 2014–2021 (USD Million)
Table 81 Middle East & Africa Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 82 Middle East & Africa Hydrophilic Coating, By Substrate, 2014–2021 (USD Million)
Table 83 Middle East & Africa Hydrophilic Coating, By Substrate, 2014–2021 (Kilo Tons)
Table 84 South Africa Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 85 UAE Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 86 Saudi Arabia Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 87 Iran Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 88 Rest of the Middle East & Africa Hydrophilic Coating Market, By End User, 2014–2021 (Kilo Tons)
Table 89 Hydrophilic Coatings Market: Agreements, 2011-2016
Table 90 Hydrophilic Coating Market: New Product Launch, 2011-2015
Table 91 Hydrophilic Coatings Market: Partnership, 2012-2016
Table 92 Hydrophilic Coatings Market: Collaborations and Expansions, 2011-2014
 
 
List of Figures (49 Figures)
 
Figure 1 Hydrophilic Coating: Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews, By Company Type, Designation, & Region
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Hydrophilic Coating Market: Data Triangulation
Figure 7 Medical Devices Segment is Expected to Dominate the Hydrophilic Coating Market During the Forecast Period
Figure 8 Asia-Pacific Expected to Be the Fastest-Growing Market for Hydrophilic Coating
Figure 9 Hydrophilic Coating Market, By Country, 2015 (USD Million)
Figure 10 Medical Device Industry to Drive the Demand for Hydrophilic Coating
Figure 11 North America Expected to Be the Key Market for Hydrophilic Coating
Figure 12 U.S. Estimated to Account for the Largest Share of the North America Hydrophilic Coating Market
Figure 13 The Polymers Segment is Projected to Lead the Hydrophilic Coating Market
Figure 14 Asia-Pacific and Europe are Expected to Grow at Highest CAGRs During the Forecast Period
Figure 15 China and Malaysia to Emerge as Lucrative Markets for Hydrophilic Coating
Figure 16 Hydrophilic Market has High Growth Potential in the Medical Devices Segment
Figure 17 Asia-Pacific Hydrophilic Market Expected to Witness High Growth During the Forecast Period
Figure 18 Hydrophilic Coating Market, By Substrates
Figure 19 Hydrophilic Coating Market, By End User
Figure 20 Hydrophilic Coating Market, By Region
Figure 21 Overview of the Factors Governing the Hydrophilic Coating Market
Figure 22 Rise in World Population and Increasing Life Expectancy Expected to Drive the Growth of Hydrophilic Coating Market
Figure 23 Value Chain Analysis
Figure 24 The Medical Devices Segment of the Hydrophilic Coating Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 25 The North American Region is Anticipated to Lead the Medical Devices Segment of the Hydrophilic Coating Market During the Forecast Period
Figure 26 The North American Region is Projected to Lead the Hydrophilic Coating Market for Optics During the Forecast Period
Figure 27 The European Region is Projected to Lead the Hydrophilic Coating Market for Automotive During the Forecast Period
Figure 28 The North American Region to Lead the Hydrophilic Coating Market for Aerospace During the Forecast Period
Figure 29 The Asia-Pacific Hydrophilic Coating Market for Marine is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 30 The Asia-Pacific Hydrophilic Coating Market for Other End Users is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 31 The Polymers Segment is Estimated to Lead the Hydrophilic Coating Market in 2016
Figure 32 The Polymers Segment of the Europe Hydrophilic Coating Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 33 The North American Region is Estimated to Lead the Glass/Ceramics Segment of the Hydrophilic Coating Market in 2016
Figure 34 The Metals Segment of the Asia-Pacific Hydrophilic Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 35 The Nanoparticles Segment of the Europe Hydrophilic Coating Market is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 36 Regional Snapshot (2016-2021): Germany, Russia, India, Australia, and Belgium are Emerging as New Strategic Locations
Figure 37 North America Hydrophilic Coating Market Snapshot
Figure 38 Europe Hydrophilic Coating Market Snapshot
Figure 39 Asia-Pacific Hydrophilic Coating Market Snapshot
Figure 40 Companies Primarily Adopted Organic Growth Strategies From 2011 to 2016
Figure 41 Key Growth Strategies Adopted By Key Players in the Hydrophilic Coatings Market, 2011–2016
Figure 42 Hydrophilic Coatings Market, Developmental Share, 2011–2016
Figure 43 Regional Revenue Mix of Top Five Market Players
Figure 44 Hydromer: Company Snapshot
Figure 45 Abbott Laboratories Inc.: Company Snapshot
Figure 46 Corning Inc.: Company Snapshot
Figure 47 Surmodics Inc.: Company Snapshot
Figure 48 Royal DSM: Company Snapshot
Figure 49 Advansource Biomaterials Corporation: Company Snapshot 

The global hydrophilic coating market was valued at USD 8.89 Billion in 2015 and is projected to reach USD 12.77 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021. Hydrophilic coatings, due to their high lubricity, are widely used in catheters and guidewires to reduce the level of friction, while insertion into a medical device or body opening. Apart from lubricity, the other properties of hydrophilic coatings include durability, low friction coefficient, and low particulate count, which lead to their increased usage in medical devices in comparison to hydrophobic coatings.

In terms of consumption, the polymers segment is estimated to contribute the largest share to the global hydrophilic coating market in 2015. This segment is expected to grow at the highest CAGR during the forecast period, 2016 to 2021. Hydrophilic polymers offer resistance to protein absorption. Moreover, polymers are covalently bonded and cross-linked, which promote absorption of water particles.

The medical devices market is expected to expand rapidly in the Asia-Pacific region between 2016 and 2021. As such, the demand for hydrophilic coatings is also expected to grow at the same pace in this region. As hydrophilic coatings are mostly used for medical devices, the largest consumption of hydrophilic coatings will be in regions, wherein medical devices are manufactured at a large scale. Japan, which is one of the largest manufacturers of medical devices, has a high demand for hydrophilic coatings. Manufacturers are setting up their bases and are expanding their operations in China, thus boosting the country’s demand for hydrophilic coatings.

The North American region is the largest market for medical devices and implants in the world, followed by the European region. As such, the medical devices segment of the global hydrophilic coating market is growing in these regions. The increasing demand for hydrophilic coatings across the world can be attributed to factors, such as increasing usage of hydrophilic coatings in advanced medical devices, growing demand for lubricious medical devices, and increasing requirement for advanced medical techniques.

Hydrophilic Coating Market

Factors such as high production cost for hydrophilic coatings, and low shelf life are expected to restrict the growth of the global hydrophilic coating market during the forecast period.

Companies operational in the global hydrophilic coating market have been focusing on improving quality of their products and services. For instance, Hydromer, Inc. launched Ultra-Hydrophilic Coatings that stay hydrated for a long period of time. This launch has helped the company to enhance its product portfolio. In addition, the companies, such as Corning Inc. (U.S.), Surmodics Incorporated (U.S.), Royal DSM (the Netherlands), and Biocoat, Inc. (U.S.), among others have undertaken various developmental activities over the last five years to strengthen their position in the global hydrophilic coating market.

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