According to the research report titled ‘Global Hydrophilic Coating Market Size study with COVID Impact, by Substrate Type (Metals, Polymers, Glass/Ceramics, Nanoparticles, and Others) and by Application (Medical Devices, Optics, Automotive, Aerospace, Marine, and Other Applications) and Regional Forecasts 2020-2027‘, available with Market Study Report, global hydrophilic coating market was valued at USD 11.1 billion in 2019 and is expected to witness a CAGR of 5.8% during 2020-2027.
 

Extensive usage hydrophilic coatings in bio-medical applications along with its adoption in anti-cleaning and anti-fog processes are the major factors expected to drive the market growth over forecast period. As per Statista, global manufacturing of medical devices accounted for USD 679 billion in 2016 and reached USD 786 billion in 2018, which is further projected to reach USD 894 billion by the end of 2020. Increasing production and sales of medical equipment is propelling global hydrophilic coating market trends.
 

Notably, hydrophilic coatings are used on medical equipment like catheters, guide wires, and cannulas, mainly as wettable and low friction coating. They help in reducing inflammation and avoiding damage caused by medical devices on the patients. The product is also applied on optical devices including outdoor displays, outdoor monitors, camera windows, and others, thereby influencing global hydrophilic coating industry outlook.
 

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Due to continuous usage, the coating gets separated from medical equipment, diminishing lubrication that causes injury and discomfort for patients, which is likely to restrain the growth of global hydrophilic coating market. Despite that, constant technological developments in nanocoated hydrophilic technologies will create new opportunities for industry partakers.  
 

As per application spectrum, global hydrophilic coatings market is segmented into automotive, medical devices, marine, aerospace, optics, and others. With regards to substrate type, the industry is bifurcated into polymers, metals, nanoparticles, glass/ceramics, and others.
 

Based on regional analysis, global hydrophilic coating industry is segmented into Europe, North America, Asia Pacific, Latin America, and rest of the world. North America and Western Europe account for more than 50% industry share in the recent past, majorly due to advanced automobile and healthcare sector in the regions.
 

Also, Asia Pacific hydrophilic coating market is reckoned to grow substantially over 2020-2027, cites the report. The region is home to emerging economies like India and China which have flourishing automotive sector. Besides, emergence of innovative medical devices along with expanding electronics vertical in Japan are swaying the business dynamics in APAC.
 

Major players operating in global hydrophilic coating marketplace include Teleflex Incorporated, Aculon Inc., Henniker Plasma Treatment, SurModics Inc., BioInteractions Ltd., Henkel AG & Co. KGaA, Harland Medical Systems Inc., Surface Solutions Group LLC, Koninklijke DSM N.V., and Dontech Inc.