Global Hydrophilic Coatings Market to reach US$1,026.6 Mn by 2025; Anti-fog Properties of Hydrophilic Coatings to Help Players Enjoy Value for Money - TMR

Global Hydrophilic Coatings Market to Find Benefit of Controlled Lubricity of Medical Device Surfaces Panning Out


Albany, New York, Nov. 12, 2018 (GLOBE NEWSWIRE) -- The global hydrophilic coatings market is prophesied in a report by Transparency Market Research (TMR) to bear a significantly fragmented nature for the next few years. This could be due to the widespread distribution of the total market share amongst a telling count of players. Leading players such as Biocoat, Inc., Aculon Inc., and Royal DSM are expected to gain an edge over their competitors in the global hydrophilic coatings market. In 2016, only a 20.0% of the total share of the global hydrophilic coatings market was secured by five of the leading players.

TMR foresees the global hydrophilic coatings market to log an 8.8% CAGR between 2017 and 2025 to reach a valuation of US$1.0 bn by the final forecast year. In 2016, the global hydrophilic coatings market was valued at a US$0.4 bn.

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Among substrate types, polymers could gain a larger share of the global hydrophilic coatings market by the end of 2025. They are projected to obtain greater demand because of the benefit of stronger resistance to protein absorption and lesser swelling due to exposure to body fluids and tissues. Regionally, North America could dominate the global hydrophilic coatings market owing to high demand in the medical sector. In 2016, the region accounted for a 35.0% share of the global hydrophilic coatings market.

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Anti-fog Properties of Hydrophilic Coatings to Help Players Enjoy Value for Money

Manufacturers are envisioned to bank on the strong demand for hydrophilic coatings with anti-fog properties that help to eliminate small droplets formed due to water condensation. The demand could grow on the back of the benefits of chemical resistance, abrasion resistance, durability, and UV resistance, and transparency that hydrophilic anti-fog coatings offer. The global hydrophilic coatings market could leverage the impressive rise of the medical devices industry for increasing its growth. Hydrophilic anti-fog coatings find application in the manufacture of watches, consumer electronics, commercial freezers, windows, and protective sunglasses.

Stringent FDA Regulations for 510(k) Clearance to Lobby against Market Expansion

Expensive cost and low shelf life are prognosticated to raise fears of slacked demand in the global hydrophilic coatings market. Another factor that could dwarf the growth of the global hydrophilic coatings market are tight FDA regulations for obtaining 510(k) clearance. However, high use of hydrophilic coatings in biological interactions and drug delivery application is predicted to provide a fillip to the global market.

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The biocompatible and antimicrobial nature of hydrophilic coatings could provide tailwinds to the market in the form of increased demand. The demand in the global hydrophilic coatings market could be boosted as end users become increasingly aware about the use of products for achieving controlled lubricity of medical device surfaces. Tactical acquisitions are foretold to open the door for lucrative opportunities in the global hydrophilic coatings market.

The information presented here is based on a TMR report titled “Hydrophilic Coatings Market (Substrate - Polymers, Metals and Metal Alloys, and Glass and Other Ceramics; Application - Automotive, Aerospace, Medical Devices (Cardiovascular, Urology, Neurology, General Surgery, and Ophthalmology and Gynecology), Optical, and Buildings) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”

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The global hydrophilic coatings market is segmented as presented below:

Global Hydrophilic Coatings Market: Substrate

  • Polymers
  • Metal and Metal Alloys
  • Glass and Other Ceramics

Global Hydrophilic Coatings Market: Application

  • Automotive
  • Aerospace
  • Medical Devices
    • Cardiovascular
    • Urology
    • Neurology
    • General Surgery
    • Ophthalmology and Gynecology
  • Optical
  • Buildings

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