Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.83 Billion | USD 32.40 Billion | 6.3% | 2024 |
The global hydrophilic coatings market size was worth around USD 17.83 Billion in 2024 and is predicted to grow to around USD 32.40 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 6.3% between 2025 and 2034.
The report analyzes the global hydrophilic coatings market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hydrophilic coatings industry.
Hydrophilic coatings are used to enhance lubricity and reduce friction on the surface and this is a major advantage of these coatings that are propelling their popularity across multiple industry verticals. The increasing scope of application of these Hydrophilic coatings is evident in the medical industry where they are used to improve the lubricity of the devices and keep them safely operational.
Hydrophilic coatings are used in multiple medical applications such as catheters, cannulas, and guidewires. This coating also saves the device from any kind of puncture and also provides better insertion characteristics. Increasing demand for drug delivery solutions is also expected to boost the Hydrophilic coatings market potential on a global scale.
However, the high costs of these Hydrophilic coatings are expected to act as a constraining factor for the global Hydrophilic coatings market potential through 2028.
Increasing demand from Healthcare Sector
Advancements in the medical and health sector are expected to bolster demand for medical devices and these devices are largely using Hydrophilic coatings in order to ensure their proper functioning. These Hydrophilic coatings also reduce the insertion pressure and ensure proper functionality without interaction with the environment. These coatings also prevent punctures hence ensuring the safety of medical devices when inserted in biological settings. All of these factors are driving the demand for Hydrophilic coatings in the health and medical industry through 2028.
High Costs to Restrain Hydrophilic coatings Sales
Hydrophilic coatings are very expensive and this factor alone is expected to hinder the global Hydrophilic coatings market potential through 2028. Hydrophilic coatings manufacturers are investing in the development of new coatings that are more affordable and will see high adoption even in low income economies. However, the Hydrophilic coatings market will be restrained to a certain extent by the aforementioned factor by the time companies come out with their affordable offerings.
The global Hydrophilic coatings market is segregated based on substrate, end user, and region.
By substrate, the market is divided into Polymers, Glass/Ceramics, Metals, Nanoparticles, and Others. The polymers segment is anticipated to account for a major market share at present and is expected to maintain this stance over the forecast period as well. A characteristic property of promoting lubricity in polymers is expected to drive their popularity over the forecast period.
By Application, the Hydrophilic coatings market is segmented into Medical Devices, Optics, Automotive, Aerospace, Marine, and Others. The rising use of Hydrophilic coatings in medical devices is expected to be a prominent trend over the forecast period and is expected to hold a major market share through 2028. Increasing healthcare expenditure is projected to further bolster the growth of this segment through 2028.
Report Attributes | Report Details |
---|---|
Report Name | Hydrophilic Coatings Market |
Market Size in 2024 | USD 17.83 Billion |
Market Forecast in 2034 | USD 32.40 Billion |
Growth Rate | CAGR of 6.3% |
Number of Pages | 214 |
Key Companies Covered | Royal DSM (the Netherlands), Biocoat Inc (U.S.), Aculon Inc. (U.S.), Advasource Biomaterials Corporation (U.S.), Hydromer Inc (U.S.), Corning Inc (U.S.), Surmodics Incorporated (U.S.), AST Products Inc (U.S.), and Abbott Laboratories Inc. (U.S.), and others. |
Segments Covered | By Substrate, By End user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific region will see the fastest growth rate for the Hydrophilic coatings marketplace over the forecast period. Increasing focus on healthcare and rising investments in the healthcare sector is expected to boost the Hydrophilic coatings market potential through 2028. Increasing sales of automobiles are also expected to influence the Hydrophilic coatings market growth through the forecast period in this region. Growing marine and automotive industries in China are anticipated to provide highly lucrative opportunities through 2028. India is also expected to be a significant market for Hydrophilic coatings in this region.
The market for Hydrophilic coatings in North America is expected to see good growth owing to rising healthcare spending and high research and development activities in the healthcare domain. The United States is anticipated to emerge as a leading market in this region.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the hydrophilic coatings market on a global and regional basis.
The global hydrophilic coatings market is dominated by players like:
By Substrate
By End user
By Region
FrequentlyAsked Questions
Leading players in the global hydrophilic coatings market include Royal DSM (the Netherlands), Biocoat Inc (U.S.), Aculon Inc. (U.S.), Advasource Biomaterials Corporation (U.S.), Hydromer Inc (U.S.), Corning Inc (U.S.), Surmodics Incorporated (U.S.), AST Products Inc (U.S.), and Abbott Laboratories Inc. (U.S.), among others.
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