Hydrophilic Coatings Market Size is Projected to Reach USD 14.74 billion by 2025 : Radiant Insights , Inc
“ Asia Pacific is expected to be the fastest-growing market , growing at a CAGR of over 6 % from 2016 to 2025 .”
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 .
View Full Report with TOC @ http :// www . radiantinsights . com / research / hydrophiliccoatings-market
Growing consumer awareness regarding the diversified characteristics of hydrophilic coatings , including durability , low friction coefficient and low particulate count , is expected to aid market
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