Hydrophilic Coatings Market Report

Hydrophilic Coatings Market Analysis By Substrate (Polymers, Glass, Metal, Nanoparticles), By Application (Aerospace, Automotive, Marine, Medical Devices & Equipment, Optical), By Region (North America, Europe, APAC, Rest of World) And Segment Forecast, 2014 - 2025

Published: December 2016  |  90 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-222-8

Industry Insights

The global hydrophilic coatings market size was USD 8.89 billion in 2015 and is expected to witness significant growth over the next eight years on account of the growing application industries including medical, automotive, aerospace, and optical. The increasing utilization of the product in the medical industry is expected to augment the growth over the next nine years.

Hydrophilic coatings are utilized in several applications owing to their diversified characteristics including high lubricity, low friction coefficient, and low particulate count. The growing utilization of the product on different substrates is expected to drive the industry demand over the forecast period. Furthermore, multi-functionality of the product, coupled with increasing application in different industries, is expected to have a positive impact on the growth.

U.S. hydrophilic coatings market volume, by substrate, 2013 - 2025 (Kilo Tons)

U.S. hydrophilic coatings market

Rising government spending in Asia Pacific and the Middle East for hydrophilic coatings on account of high domestic output is expected to play a major role in amplifying the demand for improved medical facilities and advance technologies in the industry. As a result, the demand for the coatings is expected to grow significantly over the next nine years, as they are widely utilized in the medical industry.

The consumer bargaining power is expected to be moderate owing to the presence of a large amount of manufacturers coupled with high supplier count. However, owing to the presence of large number of local suppliers the consumer bargaining power is expected to increase. The competition is high amongst the manufacturers owing to the presence of large number of industry players including Abbott Laboratories, Inc., Royal DSM and others.

Substrate Insights

Polymers accounted for the largest market share owing to the increasing utilization of the substrate in different industries for various purposes. Polymers are widely utilized in automotive, aerospace, medical and marine industries. In addition, the growing application of the polymers in the manufacturing of medical devices & equipment and the automotive industry is expected to augment the demand for hydrophilic coating, as they are being increasingly utilized in the afore mentioned industries.

The application of the product for glass substrate is expected to increase owing to increasing utilization in the aerospace, automotive, medical and marine industries. However, the growing optical industry is expected to have a positive impact on the demand for hydrophilic coatings on a glass substrate.

The growing application of the metal in automotive, aerospace, and marine industry is expected to drive the demand for hydrophilic coatings for metal substrates. The increasing utilization of aluminum in the manufacturing of automotive components and medical equipment is expected to have a positive impact on the demand for the product for metal substrates. However, the high cost of the product coupled with low shelf life is expected to restrain market of all the coatings utilized on different substrates.

Application Insights

Medical devices & equipment accounted for the largest market share among the applications in 2015 and is expected to witness substantial growth owing to rising penetration of the product in manufacturing medical devices. Hydrophilic coatings for medical devices are widely utilized in the manufacturing of catheters and guidewires to ensure efficient flow of blood and other liquids.

Global hydrophilic coatings market revenue, by application, 2015

Global hydrophilic coatings market

Growing application of the product in the automotive industry is expected to bolster the demand for hydrophilic coatings, as they are widely utilized on car windshields to ensure the flow of water and clarity while driving during rains. However, the introduction of hydrophobic technology and its anti-fogging characteristic is expected to replace hydrophilic coatings eventually.The growing application of the product in the optical and marine industries is expected to aid growth for the product over the forecast period. The growing utilization of hydro anti-glare glasses and goggles is expected to have a positive impact on the demand for the product.

Regional Insights

Asia Pacific is expected to witness the fastest growth from 2016 to 2025. High production volume of medical devices in the region, particularly in China, is expected to drive the demand in the region. Japan is one of the largest manufacturers of medical devices across the globe. Major industry players are setting up their manufacturing facilities in India and China owing to the in expensive labor and growing local demand, which is expected to be one of the key factors for Asia Pacific market growth.

North America is expected to account for the largest market share in 2015. Growing geriatric population, coupled with demand for advanced and efficient medical devices and facilities, is expected to result in the high consumption of these devices in the region. Europe accounted for the second-largest market share on account of the development of medical facilities and demand for advanced equipment in the region.

Competitive Insights

The industry is fragmented in nature with the presence of manufacturers spread across the globe. Abbott Laboratories Inc., Hydromer, Corning Inc., Harland Medical Systems Inc., Royal DSM, Surmodics Incorporated, Aculon, Inc., Biocoat, Inc., Ast Products, Inc., and Advansource Biomaterials Corporation.

Report Scope

Attribute

Details

Base year for market estimation

2015

Actual estimates/Historic market data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Market volume in Kilo tons; Market revenue in USD Million & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., UK, Germany, Japan, China, India, Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope(equivalent to 5 analyst working days)

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-markets from 2013 to 2025. For the purpose of this study, Grand View Research has segmented the hydrophilic coatings market on the basis of substrate, application and region:

  • Substrate Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

    • Polymers

    • Glass

    • Metal

    • Nanoparticles

    • Others

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

    • Aerospace

    • Automotive

    • Marine

    • Medical devices & equipment

    • Optical

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa (MEA)

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