Global Hydrophilic Coatings Market 2017-2021

Overview of the global hydrophilic coatings market

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.

Competitive landscape and key vendors  

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 -

• Aculon
• Biocoat
• Harland Medical Systems
• Hydromer
• DSM

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.

Segmentation by end-user and analysis of the hydrophilic coatings market

• Medical device and equipment
• Automobile
• Aerospace
• Marine
• Optical

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.

Geographical segmentation and analysis of the hydrophilic coatings market

• APAC
• Europe
• North America
• ROW

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.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global hydrophilic coatings market?
• What are the key market trends impacting the growth of the global hydrophilic coatings market?
• What are the challenges to market growth?
• Who are the key vendors in the global hydrophilic coatings market?
• What are the market opportunities and threats faced by the vendors in the global hydrophilic coatings market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global hydrophilic coatings market?

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