The hydrophilic coatings market size was USD 13.71 Billion in 2022 and is likely to reach USD 25.21 Billion by 2031, expanding at a CAGR of 7% during 2023–2031. The market growth is attributed to the surging demand for hydrophilic coatings in various applications in several industries.
Hydrophilic coatings are also called Hydrogels. Hydrogel coating absorbs and interacts with water. The hydrogel-coated surfaces provide excellent compatibility with body fluids and water. These coated surfaces are wet, which improves the lubricity and surgical feel as well as minimizes invasive procedures.
The term hydrophilic means water-loving. The hydrophilic qualities appear either synthetically or naturally. When the hydrophilic-coated surface is exposed to water, it attracts the water and holds it. Hydrophilic-coated surfaces become lubricious and slippery after getting wet. These coatings are used for various applications in several industries such as chemical, industrial, consumer, medical, commercial, aviation, automotive, and others.
The benefits of hydrophilic coatings are self-cleanability, corrosion resistance, reduced dirt retention, improved moisture, and extended life of the coating and substrate. The different surface characteristics create different coatings such as hydrophilic coatings and superhydrophobic coatings that are highly water-repellent.
Hydrophilic and hydrophobic coatings serve to keep chemical groups positioned close together. Such associations are energetic for the structure of the components of microorganisms. Several factors such as micro, macro, nano-surface, and surface tension impact the angle of a water drop where it contacts with the surface, in which the water droplet is slowed down. Surface tension is the elastic tendency of liquids, which makes them obtain minimum surface area.
COVID-19 Impact on Hydrophilic Coatings Market
The COVID-19 pandemic has negative impact on the hydrophilic coatings market, due to the extreme damage caused by the disruption of production activities and supply chains in the chemical industries. The hydrophilic coating market faced problems such as less availability of workforce, unavailability of raw materials, disruption in the supply chain, and fluctuations in prices. The gradual upliftment of pandemic-related restrictions and restoration of declining businesses are expected to boost the hydrophilic coating industries in the coming years. The canceled business operations are expected to resume slowly and are estimated to expand the hydrophilic market during the forecast period.
Hydrophilic Coatings Market Dynamics
The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global hydrophilic coatings market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031.
Major Trends
Hydrophilic coatings provide various characteristics, which are utilized in several industries. A variety of methods are used to make the hydrophilic surface. There is a constant focus on making coatings that are suitable for hydrophilic surfaces. Nano-coating treatments improved the product portfolio of various companies in the global market.
Drivers
Extensive Usage of Medical Devices
Hydrophilic coatings are extensively used for medical devices. Hydrophilic coating with 3D cross-linked networks hold various antimicrobial agents and release them in a controlled manner. It also provides an improvement in products in low invasive procedures, which aids in reducing thrombosis and infection-related diseases. Substrates are coated through spray coating, dip coating, spin coating, and other methods. Polyvinyl alcohol, ethylene glycol diacrylate, polyethylene glycol, and others are involved in the polymer process. These are also working in medical devices for improving parameters.
Increasing Population and Urbanization
The increasing population, rapid urbanization, and surging industries such as marine, automotive, healthcare, and aerospace are expected to boost the growth of the hydrophilic coatings market during the forecast period. India, China, and Southeast Asia are emerging countries, which are expected to drive the growth of the market. Hydrophilic coatings have water absorption properties and produce a hydrogen bond. It creates lubricious and wettable coatings that are applied to various materials and surfaces. The low shelf life of products coupled with the high production of hydrophilic coating is the major factors boosting the growth of the hydrophilic coating market.
Restraints
The fluctuations in raw material prices have a direct impact and pose a major challenge to the growth of the hydrophilic coatings market. Various chemicals determine the substrate properties to aid in choosing different types of coatings to put on those substrates. The strength of these chemicals helps to steady the overall costs of the hydrophilic coatings. The fluctuation in the appearance of glass during the presence of water and the lack of scratch resistance of coatings is expected to hamper the development of the market in the coming years. Low adhesion and low shelf life are likely to restrain the growth of the hydrophilic coating market during the forecast period.
Opportunities
Increasing demand for VOC-free coatings supported by favorable government initiatives is expected to boost the market during the forecast period. The European Commission and other federal government agencies introduced Eco-product Certification Scheme (ECS) to encourage coating companies to invest in bio-based raw materials.
These regulations guarantee to control of harmful VOC emissions and offer a sustainable green environment. Government regulations in the US and Western Europe are expected to support the use of cutting-edge and low-pollution coating technology to reduce air pollution. Advanced innovative technologies are used in anti-fog coatings to improve product durability.
Scope of Hydrophilic Coatings Market Report
The global hydrophilic coatings market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Hydrophilic Coatings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Substrate (Metals, Polymers, Nanoparticles, Glass/Ceramics, and Others), and End-User (Aerospace, Automotive, Medical Devices, Optics, Marine, and Others),
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Hydrophilic Coatings Market Size and Analysis, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Abbott; FSI Coating Technologies, Inc.; Eternal Materials Co., Ltd.; Aculon; DOW; APPLIED MEDICAL COATINGS; Sono-Tek Corporation.; DIC Corporation; Harland Medical Systems, Inc.; Wacker Chemie AG; Biocoat Incorporated.; Hydromer; Surmodics, Inc.; AdvanSource Biomaterials Corporation; AST Products, Inc.; and Precision Coating Company, Inc.
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Hydrophilic Coatings Market Segment Insights
What is the Expected Growth Rate of the Nanoparticles Segment?
Based on substrate, the global hydrophilic coatings market is divided into metals, polymers, nanoparticles, glass/ceramics, and others. The nanoparticles segment is expected to grow at a significant growth rate of 7.2%, due to its chemical, mechanical, electrical, physical, and biomedical characteristics. The use of nanomaterials and nanotechnology in industries is expected to surge the adoption of the device of the drugs on nanoparticles in the device industries.
The ceramics segment is expected to hold a key share of more than USD 8 Million by 2030. Consumer rising inclination towards innovative, attractive, and organized homes is expected to boost the demand growth of the hydrophilic coatings market in the coming years.
What are Major Reasons for Rising Sales in Automotive Segment?
On the basis of end-user, the global hydrophilic coatings market is segregated into aerospace, automotive, medical devices, optics, marine, and others. The automotive segment is expected to register a considerable CAGR during the forecast period, due to the rising utilization of coating on metal, polymer, and glass substrates in the automotive industry. These coatings are applied to the mirror of the vehicles and the glass of the windshield.
The optical segment is anticipated to witness slow growth and account for a major market share in the coming years, due to the low utilization of the product in the industry. The optical coatings contain oleophobic, hydrophilic, and hydrophobic coatings. The increasing application of hydrophobic coatings is anticipated to boost the demand for the optical segment in the market.
Why is North America Dominating the Hydrophilic Coatings Market?
In terms of region, the global hydrophilic coatings market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates the global hydrophilic coatings market, due to the increasing use of hydrophilic coatings in various applications in the region. The increasing demand for coatings in the medical sector is anticipated to support the growth of the market in the region. The adoption of innovative technological advancements is expected to propel the growth of the market in the coming years.
Europe is anticipated to expand at a rapid pace during the forecast period, due to the increasing demand for flat glass products in the region. The high demand for self-cleaning coatings and the commercialization of this variant is expected to create growth opportunities for the market in the coming years.
Asia Pacific is likely to offer high growth opportunities to the market, due to the increasing production of medical devices merged with increasing investments in medical infrastructure expansion in the region. The increasing demand from China, South Korea, and Japan is anticipated to support the market expansion in Asia Pacific during the forecast period.
Segments
The hydrophilic coatings market has been segmented on the basis of
Substrate
- Metals
- Polymers
- Nanoparticles
- Glass/Ceramics
- Others
End-User
- Aerospace
- Automotive
- Medical Devices
- Optics
- Marine
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Abbott
- FSI Coating Technologies, Inc.
- Eternal Materials Co., Ltd.
- Aculon
- DOW
- APPLIED MEDICAL COATINGS
- Sono-Tek Corporation.
- DIC Corporation
- Harland Medical Systems, Inc.
- Wacker Chemie AG
- Biocoat Incorporated.
- Hydromer
- Surmodics, Inc.
- AdvanSource Biomaterials Corporation
- AST Products, Inc.
- Precision Coating Company, Inc.
Competitive Landscape
Key players competing in the global hydrophilic coatings market are Abbott; FSI Coating Technologies, Inc.; Eternal Materials Co., Ltd.; Aculon; DOW; APPLIED MEDICAL COATINGS; Sono-Tek Corporation.; DIC Corporation; Harland Medical Systems, Inc.; Wacker Chemie AG; Biocoat Incorporated.; Hydromer; Surmodics, Inc.; AdvanSource Biomaterials Corporation; AST Products, Inc.; Precision Coating Company, Inc.
Some of these major companies adopted various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
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In July 2022, Biocoat, Inc., announced that HYDAK UV coating has been approved for a patent by the US Patent and Trademark Office (USPTO). HYDAK UV is built on a bi-laminar platform that offers industry-leading results in particulates, durability, and lubricity are the main standard for measuring hydrophilic coatings.
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In November 2021, Transcontinental Advanced Coatings launched the Total Care product portfolio of medical components. The medical components are used in the manufacturing of advanced consumer & cosmetics dressing, wound care dressing, IV, and others. Total Care product is a comprehensive medical product portfolio that features a trusted and enhanced product range of polyurethane films from inspire product range.
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In April 2020, the DSM announces the completion of the acquisition of Glycom. Glycom is a global science-based company in sustainable living, health, and nutrition. Glycom is the leading supplier of Human Milk Oligosaccharides (HMO) across the globe, which has an enterprise value of USD 765 Million.
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