The global hydrophilic coatings market size is projected to
reach USD 14.74 billion by 2025, according to a new report by Grand View
Research, Inc. The demand for the product is expected to grow significantly
over the forecast period, driven by the rising application scope in industries
including automotive, medical, optical and aerospace.
Rising development of medical infrastructure in developing
economies in Asia Pacific is expected to drive the demand for the compound over
the forecast period.The rising consumer spending capacity, along with growing
geriatric population in developed countries, is expected to augment the demand
for improved medical facilities and practices. In addition, increasing demand
for vehicles and rising penetration of the product in other end-use industries
such as aerospace and marine are expected to have a positive impact on growth.
Growing consumer awareness regarding the diversified characteristics
of hydrophilic coatings, including durability, low friction coefficient and low
particulate count, is expected to aid market growth for the coatings in the
medical industry. As a result, the demand for the product is expected to rise
over the next nine years.
Browse full research report on Hydrophilic Coatings Market: http://www.grandviewresearch.com/industry-analysis/hydrophilic-coatings-market
Further key findings from the report suggest:
- Polymers
accounted for the largest market in 2015, which was valued at over USD 3
billion in 2015.The increasing utilization of polymers in manufacturing
automotive parts and medical equipment, including catheters and
guidewires, is expected to drive the industry demand.
- The
utilization of hydrophilic coatings for metal and glass substrates is
expected to grow owing to the increasing application of the metal in
end-use industries, including aerospace and automotive. The increasing
utilization of glass substrates in construction and automotive industries
is expected to aid market growth over the forecast period.
- The
demand for hydrophilic coatings in medical devices & equipment is
expected to witness significant growth owing to the increasing application
in catheters, guidewires and other medical devices.
- Asia
Pacific is expected to be the fastest-growing market, growing at a CAGR of
over 6% from 2016 to 2025.Increasing production of medical devices in the
region, coupled with rising investments in medical infrastructure
expansion, is expected to propel demand.
- High
production volume in China and Japan is expected to drive industry growth
for the coatings over the next nine years. The rising number of
infrastructure development projects and the growing manufacturing industry
are expected to aid the growth for the product in India.
Grand View Research has segmented the hydrophilic coatings
market on the basis of substrate, application and region:
Substrate Outlook (Volume, Kilo tons; Revenue, USD
Million; 2014 - 2025)
- Polymers
- Glass
- Metal
- Nanoparticles
- Others
Application Outlook (Volume, Kilo tons; Revenue, USD
Million; 2014 - 2025)
- Aerospace
- Automotive
- Marine
- Medical
devices & equipment
- Optical
- Others
Regional Outlook (Volume, Kilo tons; Revenue, USD
Million; 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-hydrophilic-coatings-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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