Hydrophilic Coatings Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI2948
Global hydrophilic coatings market should witness strong gains during forecast period owing to increasing popularity of medical devices exhibiting water loving properties. It participates in dynamic hydrogen bonding with surrounding water. In most cases hydrophilic coatings are also ionic and usually negatively charged facilitating aqueous interaction. These products after being applied on a substrate describe a class of material which are wettable, lubricious and suitable for tailored biological interaction thus boosting industry growth.
Global medical device industry sized to over USD 380 billion in 2017. These class of coatings find its extensive use in advanced application, such as drug delivery and biological interaction. Chemical interaction between drugs and surface finish are not constant and requires test to reflect functional group, charges and concentration among the constituents. Once application specificities are confirmed hydrophilic coatings can be used to deliver antibiotics and other active pharmaceutical ingredients.
Hydrophilic coatings consist of less densely cross-linked polymer which will readily adhere to liquid when exposed. They surround the substrate like a microscopic sponge and water offering commendable low friction characteristics. Some typical application of these coatings in medical device industry include catheters, guidewires and introducers improving surface performance and increasing ability to navigate through tortuous anatomical guideways, enhanced device control, reducing tissue damage improving to patient comfort.
Increasing consumption of hydrophilic coatings by end users including medical devices, optics, automotive along with growing population, increasing awareness and rising income level should boost industry size. Among substrate polymer segment is estimated to account for largest share due to its inherent resistance to protein absorption, along with facilitating swelling, exposure to water, bodily fluids and tissues. It is moreover easy to make polymer lubricious facilitating smooth application and removal thus driving hydrophilic coatings market size.
Fluctuation in prices for raw material required for its production directly impacts the prices for these products. Different substrates require different chemical based on its desired application to improve its surface performance, hence fluctuating product pricing. Low product shelf life due to low surface adhesion to substrate is likely to restrain hydrophilic coatings market growth.
Demand of hydrophilic coatings for nanoparticle substrates is expected to witness strong gains during forecast period due to its rapid development in the yester years and utilization of nanotechnology in end use applications including optics, physical, chemical and biomedical sectors. Increasing use of these products on aluminium substrate due to its extensive demand in automotive and medical device application will boost hydrophilic coatings market size. Improvement of fuel efficiency in automotive industry is likely to compliment growth.
Asia Pacific hydrophilic coatings industry led by China, India and Japan is expected to be the fastest growth region in terms of revenue due to its rising investment in medical industry and advent of major automotive OEM’s complimenting demand. Increase in automotive production rate in the region should further boost product demand.
North America hydrophilic coatings market led by the U.S. and Canada should account for a major share in the global industry size. This dominance in the market can be attributed to increasing awareness related to benefits associated to non-invasive surgery procedures like endoscopic surgery, laparoscopic surgery and thoracoscopic surgery procedures. Invasion of these water loving paints in aerospace and automotive industry also should boost regional demand.
Conventional lubricating paints based on glycerine and silicone have many disadvantages creating an avenue for growth of hydrophilic coatings. They are widely applicable in a range of substrates including metals, glass/ceramics, nanoparticles and polymers. Shifting focus of companies towards research and product development with desirable technologies ideally meeting changing demands of diverse consumers shall catalyse hydrophilic coatings industry growth.
Advent of innovative technologies improving surface finish, performance efficiency along with enhancing durability, ease of application and lubricity should cater the growing demand for hydrophilic coatings market. Biocompatibility and use of bio based raw materials in production should drive industry growth. Attempts were made to use fluoropolymers and PTFE in medical devices but failed in certain cases as there was no way to control slipperiness of the devices making them difficult to use thus fuelling hydrophilic coatings demand.
Global hydrophilic coatings industry share is moderately consolidated with major industry players including Aculon, Koninklijke DSM, Surmodics, Surface Solution Group, Telefax Inc. and BioInteractions Inc. These companies in addition also strategize acquisition along with acquiring technological know how from other industry participants. AdvanSource Corp a major advance polymer material developer partnered with Medibrane Inc. in 2017 to expand its product portfolio and regional presence thus propelling demand.
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