Hydrophilic Coatings Market Overview |Size, COVID-19 Impact, Share, Segment, Regional Analysis and Leading Players by Forecast to 2023

Posted July 25, 2020 by Retica

Hydrophilic Coatings Market Information: by Substrate (polymers, glass & ceramics, metals, nanoparticles, and others), Application (medical devices & equipment, automotive, marine, optical and others), and Region - Forecast till 2023

Market Overview
Hydrophilic coatings are adopted for lubrication enhancement and reduction of the frictional coefficient. These coatings are widely applied to various medical devices such as cannulas, catheters, and guide wires used in non-invasive surgeries including laparoscopic surgery, endoscopic surgery, among others.
The global hydrophilic coatings market is segmented by the substrate into polymers, glass & ceramics, metals, nanoparticles, and others. Among these, the polymers substrate is the leading segment owing to the properties such as resistance to protein absorption and prevention of swelling when exposed to body fluids or tissues. Moreover, it offers excellent lubrication facilitating their smooth application and removal. The metals substrate segment includes aluminum, platinum, nickel, stainless steel, and others. The increasing demand for the aluminum metal substrate in lightweight and efficient automotive has augmented the market growth. The nanoparticles segment is anticipated to grow significantly due to the rapidly increasing use of nanotechnology and nanoparticles in application industries. This growth can be attributed to the physical, optical, electronic, chemical, and biomedical properties of nanoparticles. The growing health awareness, availability of better healthcare amenities coupled with high disposable income is likely to propel the market growth over the assessment period.

Competitive Analysis
Some of the manufacturers operating in the global hydrophilic coatings market are Hydromer Inc. (U.S.), Abbott (U.S.), Corning Incorporated (U.S.), Harland Medical Systems (U.S.), Surmodics, Inc. (U.S.), DSM (Netherlands), Biocoat Incorporated (U.S.), Aculon (U.S.), AST Products, Inc. (U.S.), AdvanSource Biomaterials Corp (U.S.).

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Market Segmentation
The global hydrophilic coatings market is segmented on the basis of the substrate, application, and region.
Based on the substrate, the global hydrophilic coatings market is segmented into polymers, glass & ceramics, metals, nanoparticles, and others.
On the basis of the application, the global hydrophilic coatings market is segmented into medical devices & equipment, automotive, marine, optical, and others.
Regional Analysis
The global hydrophilic coatings market is spanned across five regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific is the fastest emerging region owing to the high production and consumption of medical devices and automotive in the region.
The reviving automotive industry and the considerable healthcare spending in the region are the majorly driving the global hydrophilic coatings market in the North American region.
Significant spending on healthcare and healthcare infrastructure in the European region is anticipated to drive the demand followed by an attractive automotive aftermarket in the region
Latin America is anticipated to witness a considerable growth owing to the increased production and sales of automotive in Brazil.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Issued By Market Research Future (MRFR)
Country India
Categories Blogging , Reports , Research
Tags Hydrophilic Coatings Market , Hydrophilic Coatings Market Sales , Hydrophilic Coatings Market Size , Hydrophilic Coatings Market Share , packaging machinery market research
Last Updated July 25, 2020