Hydrophilic Coatings Market 2017 Share, Trend and Forecast Hydrophilic Coatings Market - Global Industry Anal | Page 2

disposable incomes in emerging economies and the consecutive rise in demand for
better medical and healthcare facilities.
The application segments of automotive and aerospace, which presently hold
nominal shares in the overall revenue collected by the global hydrophilic coatings
market in 2016, are expanding at promising pace. These segments are expected to
present promising growth opportunities before the global hydrophilic coatings
market over the forecast period owing to the impending commercialization of
several hydrophilic coating products used for windshields and windows.
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Thanks to Well-established Healthcare Sector, North America to Retain
Dominance
In terms of geography, the market for hydrophilic coatings in North America held
the dominant share of over 35% in the global market in 2016. Demand for medical
device coatings in North America is estimated to remain stable by the end of 2025
owing to technological developments in the recent past, providing vast scope for
the development of the hydrophilic coatings market. Europe was the second-largest
market for hydrophilic coatings in 2016. Europe is the leading consumer of flat glass
products accounting for over a third of the global market. Use of self-cleaning
coatings using hydrophilic constituents has been commercialized in this region since
2001. However, stringent governmental regulations and high material & labor costs
are likely to impede growth of this market.
Asia Pacific is anticipated to witness the expansion of the hydrophilic coatings
market at an excellent pace in the near future. China, Japan, and South Korea are
expected to dominate the demand for hydrophilic coatings in Asia Pacific. Increasing
urbanization and industrialization in several emerging countries in Asia pacific are
expected to boost demand for hydrophilic coatings in this region.
Some of the leading vendors operating in the global hydrophilic coatings market are
Surmodics, Inc., Royal DSM N.V., Hydromer, Inc., AdvanSource Biomaterials Corp.,
Covalon Technologies Ltd., BioCoat, Inc., and Harland Medical Devices.
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