The report "Hydrophilic Coating Market by Substrate (Polymers, Glass/Ceramics, Metals, Nanoparticles), End User (Medical Devices, Optics, Automotive, Aerospace, Marine), and Region - Global Forecast to 2021", 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.
Browse 92 market data Tables and 49 Figures spread through 143 Pages and in-depth TOC on "Hydrophilic Coating Market by Substrate (Polymers, Glass/Ceramics, Metals, Nanoparticles), End User (Medical Devices, Optics, Automotive, Aerospace, Marine), and Region - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
Increasing consumption of hydrophilic coatings by various end users, such as medical devices, optics, and automotive, coupled with continuously growing population, rising income level, and increasing awareness about new medical practices are the factors expected to drive the growth of the global hydrophilic coating market during the forecast period.
Among end users, the medical devices segment is projected to lead the global hydrophilic coating market during the forecast period.
In terms of value, the medical devices end user segment is estimated to account for the largest share in the global hydrophilic coating market during the forecast period. This large share is primarily attributed to the water-friendly characteristics of hydrophilic coatings. These coatings offer lubricity to disposable medical devices, such as catheters and guide wires. They also reduce insertion force, thereby avoiding any possible puncture damage and severe abrasion between the device surface and vessel walls.
Among substrates, the polymers segment is projected to lead the global hydrophilic coating market between 2016 and 2021.
The polymers segment is estimated to account for the largest share in the global hydrophilic coating market during the forecast period. Polymers not only offer resistance to protein absorption, but also prevent swelling, when exposed to water, bodily fluids, or tissues. Moreover, it is easy to make polymers lubricious to facilitate their smooth application and removal.
Among regions, the North American region is leading the global hydrophilic coating market.
The North American region is the largest market for hydrophilic coatings, globally. Continuously aging population, increased awareness about the benefits of non-invasive surgery procedures, and technological advancements in the healthcare industry are the factors that have led to surge in the popularity of hydrophilic coatings for usage in medical devices in the North American region, especially in the U.S. and Canada. The North American region has also been witnessing increased demand for hydrophilic coatings in optics, automotive, and aerospace industries. Continuous technological advancements in these industries have led to increase in the usage of hydrophilic coatings in various applications, thus driving the growth of the global hydrophilic coating market.
Some of the key players operating in the global hydrophilic coating market include 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.
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]