Hydrophilic Coating Market Size & Share, by Application (Medical Devices, Optics, Automotive), Coating Type (Polymeric Coatings, Inorganic Coatings, Hybrid Coatings) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5003
  • Published Date: May 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights over 2023-2035

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.


Hydrophilic Coating Market
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Hydrophilic Coating Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Prevalence of Chronic Diseases: Chronic diseases such as cardiovascular diseases, diabetes, and orthopedic conditions are on the rise globally. Hydrophilic coatings play a vital role in medical devices used for the treatment and management of these conditions. According to the World Health Organization (WHO), chronic diseases are the leading cause of mortality worldwide, accounting for 71% of all deaths.
  • Growing Demand for Enhanced Visibility and Safety: Hydrophilic coatings find applications beyond the medical field. They are used in various industries, including automotive and optics, to improve visibility and safety. Coatings on windshields, side mirrors, and optical lenses help repel water, prevent fogging, and enhance clarity.
  • Research and Development: Ongoing research and development activities contribute to the growth of the hydrophilic coating market. Key players in the industry invest in developing innovative coatings with enhanced properties and performance characteristics.

Challenges

  • Performance and Durability: Ensuring the long-term performance and durability of hydrophilic coatings can be a challenge. Factors such as wear, friction, and exposure to harsh environments can affect the coating's effectiveness over time. Continuous research and development efforts are needed to improve the durability and reliability of hydrophilic coatings, especially in demanding applications.
  • Adhesion and Compatibility
  • Environmental Considerations

Hydrophilic Coating Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Hydrophilic Coating Segmentation

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

  • Medical Devices
  • Optics
  • Automotive

 

          Coating Type

  • Polymeric Coatings
  • Inorganic Coatings
  • Hybrid Coatings

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Hydrophilic Coating Industry - Regional Synopsis

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.

Research Nester
Hydrophilic Coating Market Share
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Companies Dominating the Hydrophilic Coating Landscape

top-features-companies
    • Surmodics, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hydromer Inc.
    • Aculon Inc.
    • Biocoat Incorporated
    • Harland Medical Systems
    • Sono-Tek Corporation
    • Koninklijke DSM N.V.
    • Henkel AG & Co. KGaA
    • Precision Coating Company, Inc.
    • AST Products, Inc.

In-the-news

In The News

  • Surmodics, Inc.: Surmodics recently announced a collaboration with Abbott to develop a next-generation drug-coated balloon (DCB) technology for the treatment of peripheral artery disease (PAD). The collaboration aims to leverage Surmodics' expertise in coating technologies to enhance the performance and effectiveness of the DCB platform.
  • Henkel AG & Co. KGaA: Henkel recently launched a new hydrophilic coating, LOCTITE® AA HF 8100, designed for the medical device industry. The coating is specifically formulated to provide exceptional lubricity and hydrophilicity, enhancing the performance and functionality of medical devices while ensuring patient safety.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5003
  • Published Date: May 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for hydrophilic coatings is the major factor driving the market growth

The market size of hydrophilic coating is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2035.

The major players in the market are Surmodics, Inc., Hydromer Inc., Aculon Inc., Biocoat Incorporated, Harland Medical Systems, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, coating type, and by region.

The medical devices segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The environmental considerations are estimated to be the growth hindering factor for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Hydrophilic Coating Market Report Scope
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