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.
Growing consumer awareness regarding the diversified characteristics of hydrophilic coatings, including durability, low friction coefficient and low particulate count, is expected to aid market growth for the coatings in the medical industry. As a result, the demand for the product is expected to rise over the next nine years.
Get Full TOC on Hydrophilic Coatings Market: http://www.grandviewresearch.com/industry-analysis/hydrophilic-coatings-market/toc
Further key findings from the report suggest:
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Grand View Research has segmented the hydrophilic coatings market on the basis of substrate, application and region:
Substrate Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 – 2025)
Application Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 – 2025)
Regional Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 – 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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