Introduction
Hydrophilic coating is a type of coating, which is utilized to reduce surface friction and improve lubricity. The expression "hydrophilic" implies attraction toward water. As such, it promptly wets out when presented to moisture. Most hydrophilic coatings comprise a freely cross-connected polymer covering that will promptly take up fluid when presented to outside. This covering that surrounds the gadget behaves such as a minute sponge and the water (or other fluid) gives incredibly low contact friction as long as the covering stays wet. Gadgets covered with these coatings show pull powers as low as 3 grams and CoF esteems as low as 0.01. This undeniable degree of lubricity empowers gadgets to explore convoluted anatomical pathways while decreasing tissue irritation and adding to patient comfort.
COVID-19 Impact analysis
- Owing to the outbreak of COVID-19, national and international transport has been hampered, due to restrictions imposed by several governments. This has led to demand and supply disruptions for the global hydrophilic coating market.
- Pharmaceutical sector has witnessed a huge expansion during the COVID-19 pandemic. Technological advancements in healthcare equipment where hydrophilic coating is used is expected to provide opportunities for the market growth post-pandemic.
- Automotive industry has been severely affected due to the nationwide lockdowns. It has hampered the automotive production in various countries. Being the major application area for hydrophilic coats, it restricts the growth prospects for the hydrophilic coating market.
- The global hydrophilic coating market is expected to observe a moderate decline in its growth rate, since the hydrophilic coats are highly utilized in medical, industrial, commercial, consumer, and aviation sectors, which are severely affected by the pandemic and observed substantial decline in their demand.
Top Impacting Factors
- Healthcare sector is expected to dominate the global hydrophilic coating market owing to major applications of hydrophilic coats in the manufacturing of medical devices. Hydrophilic coats are preferred by most of the industries because they provide more evenly wet and lubricated surface than its alternatives. Factors such as high production cost and low shelf life are restraining the growth of the hydrophilic coating market. Hydrophilic coating is used to coat in the products that has a unique or high curves or three-dimensional shape. Looking at the demand of the different advance medical devices in the various health system, it is expected to increase the demand for hydrophilic coating in the market.
Market Trends
- The medical device market is rapidly increasing in the Asia-Pacific region, which is expected to drive the consumption of hydrophilic coating in the manufacturing of the medical equipment which led to market growth.
- The North American region is the largest market of medical device across the globe, being the major application of hydrophilic coating in the medical devices, the hydrophilic coating market is also expected to witness a rise.
- The top market players in the hydrophilic coatings are expanding and increasing their distribution channels looking at the more demand across the new regions.
- Henkel AG & Co. KGaA in January 2020 purchased the portfolio of consumer sealants marked under the GE brand.
- In October 2020, royal DSM completely acquired the Erber Group.
- Cutting-edge technologies are advanced innovative technologies used in the anti-fog coatings that improve the product performance and durability.
- Tensistat is a moldable hydrophilic polymer material, which is specifically used for medical devices without any additional processes, providing an opportunity for the market growth.
Key Benefits of the Report
- This study presents the analytical depiction of the Hydrophilic Coating Market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Hydrophilic Coating Market share.
- The current market is quantitatively analyzed to highlight the Hydrophilic Coating Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Hydrophilic Coating Market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Hydrophilic Coating Market Report
- Who are the leading market players active in the Hydrophilic Coating Market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- Which Government regulations might challenge the status of key regional markets?
- What are the key barriers to enter for the new players in the market?
- What value proposition should businesses aim at while making new research and development funding?
Key Market Segments
- By Product Type
- Polymer
- Glass/Ceramic
- Metal
- Nanoparticle
- By End-User Industry
- Medical
- Industrial
- Commercial
- Consumer
- Automotive
- Aviation
- Other End-user
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Aculon, Inc.
- Harland Medical Systems
- Surface Solutions Group, LLC
- Henniker Plasma
- Surmodics, Inc.
- Pangolin Medical
- Koninklijke DSM N.V.
- Teleflex Incorporated
- Henkel AG & Co. KGaA.
- BioInteractions Ltd.
- DONTECH, INC.