Hydrophilic Coatings Market
REPORT DESCRIPTION
Hydrophilic Coatings Market - Global Industry Analysis Size Share
Growth Trends and Forecast 2017 – 2025
The global market for hydrophilic coatings features a highly fragmented competitive landscape owing to the
presence of a large number of vendors, with the leading five vendors accounting cumulatively for only around
20% of the overall market in 2016, states a recent report by Transparency Market Research (TMR). Exhibiting a
high level of competition, standing of companies in the market is highly influenced by their focus on R&D
activities aimed at keeping deliverables technologically advanced and improvised as per changing consumer
demands.
Strategic acquisitions aimed at expanding geographical presence and adding new products to portfolios are also
popular strategies adopted by companies to stay ahead of competition. In instance is the January 2016 alliance
between AdvanSource Biomaterials Corp. and Medibrane Ltd., a leading Israeli coating technology company.
AdvanSource Biomaterials entered into the collaboration.
Transparency Market Research estimates that the global market for hydrophilic coatings was valued at
US$481.6 mn in 2016 and will reach US$1,026.6 mn in 2025, expanding at a CAGR of 8.8% between 2017 and
2025.
Obtain Report Details @ http://www.transparencymarketresearch.com/hydrophilic-coatings-
market.html
Polymers to Remain Most Preferred Substrate for Coating Hydrophilic Coatings
On the basis of the type of substrate on which hydrophilic coatings are applied, the segment of polymers
accounted for the dominant share of around 48% of the overall market in 2016. The vast usage of polymers
coated with hydrophilic coatings in the medical devices industry is expected to keep the demand for polymers
as a substrate high in the global hydrophilic coatings market over the forecast period as well. In terms of
geography, North America has been dominating the hydrophilic coatings market over the past few years. The
region held over 35% share of the global demand for hydrophilic coatings in 2016 and the trend is projected to
continue during the forecast period as well.
Rising Demand for High-end Medical Devices to Boost Global Consumption
One of the key forces driving the global market for hydrophilic coatings is the increasing usage of these
coatings in the field of medical devices. The controlled level of lubricity allowed by hydrophilic coatings to
medical devices, which assuages the natural resistance that vascular inner surfaces exhibit as a result of
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