Hydrophilic Coating Market size is estimated to surpass USD 30 Billion by the end of 2035, growing at a CAGR of 10% during the forecast period i.e., 2023-2035. In the year 2022, the industry size of hydrophilic coating was over USD 11 Billion. The growing demand for hydrophilic coatings is driven by several factors. In the medical field, an aging population contributes to the demand for medical devices with improved functionality. According to the United Nations' World Population Prospects report, the number of people aged 60 years or above is projected to more than double by 2050, reaching 2.1 billion.
In addition to medical devices, hydrophilic coatings are used in other sectors as well. They are applied to optical lenses, glass surfaces, and mirrors to prevent fogging and improve visibility. Hydrophilic coatings can also be found in the automotive industry, where they are used on windshields, side mirrors, and headlights to repel water, enhance visibility during rain, and prevent water spots.
Growth Drivers
Challenges
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~10% |
|
Base Year Market Size (2022) |
~USD 11 Billion |
|
Forecast Year Market Size (2035) |
~USD 30 Billion |
|
Regional Scope |
|
Application (Medical Devices, Optics, Automotive)
The medical devices segment is poised to gain the largest market share in the year 2035. Minimally invasive procedures are becoming increasingly popular due to their advantages such as reduced trauma, shorter recovery time, and improved patient outcomes. Hydrophilic coatings play a crucial role in enhancing the performance of medical devices used in these procedures. For example, a study published in the Journal of the American Medical Association found that minimally invasive surgery for colon cancer resulted in lower costs and shorter hospital stays compared to open surgery.
Coating Type (Polymeric Coatings, Inorganic Coatings, Hybrid Coatings)
The inorganic coatings segment is set to mark a substantial share in the year 2035. The growth of the segment can be accredited to enhanced durability and stability. Inorganic coatings offer excellent durability and stability compared to organic or polymeric coatings. They have high chemical resistance and can withstand harsh environmental conditions, making them suitable for demanding applications. This durability is particularly advantageous in industries such as automotive, aerospace, and marine, where coatings need to withstand exposure to moisture, UV radiation, and extreme temperatures.
Our in-depth analysis of the market includes the following segments:
|
Application |
|
|
Coating Type |
|
APAC Market Forecast
The hydrophilic coating market in the Asia Pacific region is slated to hold the largest market share by 2035. The regional growth is propelled by the growing medical and healthcare industry. The Asia Pacific region has a rapidly expanding healthcare industry, with increasing investments in healthcare infrastructure, rising healthcare expenditure, and a growing population. This growth is driving the demand for medical devices with hydrophilic coatings to improve patient outcomes and enhance the performance of medical procedures.
North America Market Statistics
The hydrophilic coating market in the North American region is predicted to hold the second-largest share during the forecast timeline. The growth of the market in this region can be ascribed to technological advancements and innovation. North America is at the forefront of technological advancements and innovation in various industries, including healthcare and manufacturing. The region sees continuous research and development efforts in the field of hydrophilic coatings to improve their performance and expand their applications. Technological advancements contribute to the industry growth in North America.
Author Credits: Smruti Ranjan, Rajrani Baghel
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?