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Research analysis on the global hydrophilic coatings market identifies that the rising demand for anti-fog coatings will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2021. Anti-fog coating helps in clearing out the small droplets formed by the condensation of water and is used in different end-user industries like medical, construction, and automotive due to its properties such as durability, UV resistance, abrasion resistance, transparency, and chemical resistance. Additionally, anti-fog coatings are also used in applications such as sports eyewear and protective sunglasses, commercial freezers, windows, watches, and consumer electronics displays. Owing to its ability to lower light scattering, there is a significant increase in its usage in different end-user industries. This rise in demand for anti-fog coatings will subsequently fuel the growth of the hydrophilic coatings market.
The increasing demand for hydrophilic coatings from the consumer electronics industry is one of the latest trends that will contribute to the growth of this market. Hydrophilic coatings are extensively used in the consumer electronics industry for various optical applications. They provide potential solutions to a wide range of applications such as mobile phones, light-emitting diode (LED), displays and projectors, gaskets optics, and lightings. Owing to the rise in urban population, increasing disposable incomes, strong supply chain, and high Internet penetration, the consumer electronics industry is witnessing significant growth. This in turn, will subsequently drive the demand for hydrophilic coating materials.
The hydrophilic coatings market is fragmented with the presence of numerous international and regional vendors. These vendors have a fully integrated value chain of hydrophilic coatings. The presence of many regional vendors intensifies the level of competition among the market players since and these players offer products at competitive prices. Additionally, the increase in extension of product applications in terms of innovation in technology and the growth in demand from developing markets, will also intensify the competitive environment among the players.
The leading vendors in the market are -
The other prominent vendors in the market are AdvanSource Biomaterials, Applied Medical Coatings, AST Products, COATINGS2GO, ConvaTec, DONTECH, Formacoat, Henkel, Surface Solutions Group, Surmodics, Sono-Tek, and Teleflex.
During 2016, the medical device and equipment segment accounted for the major shares of the hydrophilic coatings market. The increasing usage of hydrophilic coatings to coat instruments such as catheters, guidewires, cannulas, and short-term implanted devices will ber the major factor contributing to the growth of this segment in the hydrophilic coating material market in the coming years.
This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the hydrophilic coatings market throughout the forecast period. The rising applications of hydrophilic coatings in electronics and electrical, consumer goods, optical, and marine sectors will drive the growth of the market in this region. Moreover, the growing demand for passenger vehicles and the high usage of hydrophilic coating materials by the aerospace industry, will also propel the market’s growth prospects in North America.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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