Hydrophilic Coating Market was valued at USD 8.89 billion in 2015 and is projected to reach USD 12.77 billion by 2021, at a CAGR of 6.0% from 2016 to 2021. Increasing applicability of hydrophilic coatings for varied end users, technological advancements, and growing demand for hydrophilic coatings in the regions such as Asia-Pacific are the factors expected to drive the growth of the global hydrophilic coating market during the forecast period.
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In terms of value, the polymers segment of the global hydrophilic coating market is projected to grow at the highest CAGR during the forecast period. The hydrophilic polymers offer resistance to protein absorption.
Polymers are covalently bonded and cross-linked, which help to promote absorption of water particles.
The medical devices end user segment is estimated to account for the largest share in the global hydrophilic coating market during the forecast period. Hydrophilic coatings are being used in the medical field since 1980s.
They help in making advanced, specialized, and heavily regulated parts for various medical devices. Chemically, these coatings participate in dynamic hydrogen bonding with surrounding water.
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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (31%); Tier 2 (43%) and Tier 3 (26%) companies were contacted for interviews.
The interviews were conducted with various key people such as C level (48%), Director Level (12%), and Others (40%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (34%), Europe (23%), Asia-Pacific (25%), South America (10%) and Middle East & Africa (8%).
As a part of qualitative analysis, the research provides a comprehensive review of the major market drivers, restraints, and opportunities impacting the global hydrophilic coating market. It also discusses competitive strategies adopted by leading market players to sustain their position in the global hydrophilic coating market.
The companies profiled in this report are Hydromer, Inc. (U.S.), Corning Inc. (U.S.), Surmodics Incorporated (U.S.), Royal DSM (the Netherlands), Biocoat, Inc. (U.S.), Aculon Inc. (U.S.), Advansource Biomaterials Corporation (U.S.), and AST Products, Inc. (U.S.), among others.
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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