Global Hydrophilic Coatings Market 2017-2021
About Hydrophilic Coatings
Hydrophilic coatings are water-attracting coatings. They wet the surface they are applied on and provide low contact angle. They are also known as self-cleaning coatings. These coatings form a hydrogen bond with water as they exhibit ionic and negatively charged properties. Moreover, these coatings are lubricious and wettable when applied on substrates for different applications.
Technavio’s analysts forecast the global hydrophilic coatings market to grow at a CAGR of 6.15% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global hydrophilic coatings market 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hydrophilic Coatings Market 2017-2021
Technavio recognizes the following companies as the key players in the global hydrophilic coatings market: Aculon, Biocoat, Harland Medical Systems, Hydromer, and DSM.
Other Prominent Vendors in the market are: AdvanSource Biomaterials, Applied Medical Coatings, AST Products, COATINGS2GO, ConvaTec, DONTECH, Formacoat, Henkel, Surface Solutions Group, Surmodics, Sono-Tek, and Teleflex.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing demand for powder coatings. Among several types of hydrophilic coatings used in different applications, powder coatings are growing at a faster rate. In recent years, powder coating is gaining an advantage over other types due to its eco-friendly coating material. Powder coating eliminates many issues related to liquid coating such as it minimizes the pollutants contained in liquid coatings. Powder coating has no volatile organic compounds (VOCs); it is chemical, corrosion, and wear resistant; it has high durability and increased torque tolerance; it is harder than paint. These factors make powder coating one of the major types of hydrophilic coatings. Moreover, technological innovation and environmental compliance from the US Environmental Protection Agency (EPA) for powder coatings is expected to increase their demand during the forecast period.”
According to the report, one of the major drivers for this market is Growing demand for lightweight materials. There is an increased demand for lightweight materials from different end-user industries. In the automobile industry, materials are the backbone as they are directly impacted by the carbon dioxide emission legislation. To combat this, the use of lightweight materials has emerged. In addition, many countries have enforced regulations to improve efficiency and reduce carbon dioxide emission from vehicles. According to the US Fuel Economy Regulations, the automakers are asked to increase their fuel economy from 39.21 miles per gallon in 2016 to 54.78 miles per gallon by 2025.
Further, the report states that one of the major factors hindering the growth of this market is High production cost and low shelf life. The majority of the current demand for hydrophilic coatings is from developed nations such as the US. This is mainly due to increasing hydrophilic coatings application in medical device and equipment. In addition, it is because of the quality, material, and performance expected from the end-user industries. More than commercial coatings manufacturers, biomedical hydrophilic coatings manufacturers should maintain the quality of products to sustain in the market, which, in turn, will increase the manufacturers' cost of quality. These requirements have ultimately increased the production cost of hydrophilic coatings. Another drawback of hydrophilic coatings is low shelf life. For instance, Jonsman Innovation offers hydrophilic coatings that have 10 years shelf life. However, these coatings have less scratch resistance and cannot be repaired or manufactured in the field. Thus, these factors will restrain the growth of the global hydrophilic coatings market for a long time.
Aculon, Biocoat, Harland Medical Systems, Hydromer, DSM, AdvanSource Biomaterials, Applied Medical Coatings, AST Products, COATINGS2GO, ConvaTec, DONTECH, Formacoat, Henkel, Surface Solutions Group, Surmodics, Sono-Tek, and Teleflex.
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