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Introduction
The global hydrophilic coating market is expected to grow at a CAGR of 7.2% between 2016 and 2024, according to a study by MarketsandMarkets. This growth is attributed to the increasing demand for environmentally friendly products and the increasing awareness about the benefits of coatings. The market is further expected to be benefitted by the growing popularity of advanced materials and new applications such as waterborne coatings.
However, there are several myths about the hydrophilic coating market that need to be addressed before any detailed analysis can be conducted. One such myth is that coatings are only needed on high-end products. In reality, hydrophilic coatings can be applied to a wide range of products, from food & beverage containers to textiles.
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Another myth is that hydrophilic coatings are only used for industrial applications. In reality, they can also be used in various consumer goods such as personal care products and home appliances.
The key factors driving the growth of the hydrophilic coating market are increasing demand for environmentally friendly products, increasing awareness about the benefits of coatings, and growing popularity of advanced materials.
What is a hydrophilic coating?
A hydrophilic coating is a type of surfactant that helps reduce the surface tension of water droplets. This creates an environment where the water droplets can coalesce and form larger droplets, which in turn reduces the amount of water that is needed to wet a surface.
What is a hydrophobic coating?
A hydrophobic coating is a type of coating that reduces the ability of water to stick to the surface it is applied to. This can be helpful in a variety of applications where water or moisture is present, such as in mobile devices, automotive parts, and packaging.
There are a number of benefits to using a hydrophobic coating, including reduced corrosion, longer life, and improved performance in harsh environments. While these benefits are true for many coatings, not all coatings are hydrophobic. In fact, some coatings are actually hydrophilic (able to attract water), which can make them less desirable for certain applications.
Before you decide to use a hydrophobic coating on your product, it is important to understand what this term means and what the different types of coatings are available. There are two main types of hydrophobic coatings: liquid-based and dry film. Liquid-based coatings are typically more effective than dry film coatings, but both types have their own advantages and disadvantages. Liquid-based coatings tend to be more durable and resistant to corrosion, but they can be more difficult to apply due to their viscosity. Dry film coatings are easier to apply
Types of Hydrophilic Coatings
The global hydrophilic coating market is expected to grow at a CAGR of around 7.5% during the forecast period 2018-2022. Hydrophilic coatings are used in various industrial applications such as chemical and pharmaceuticals, food and beverage, and coatings for automobiles. However, the market is highly fragmented with a wide variety of manufacturers and products. This has led to a high level of competition, which is expected to hinder the growth of the market.
Some of the key players in the global hydrophilic coating market include AkzoNobel, BASF SE, Dow Chemical Co., DuPont Corporation, ExxonMobil Corporation, 3M Company, and PPG Industries. These companies are focusing on expanding their product portfolio across various end markets such as automotive, chemicals, coatings for glass and plastic surfaces, food packaging, and agricultural products. Some of the major challenges that these companies are facing include increasing competition from smaller competitors and increasing regulatory scrutiny across various countries.
Applications of Hydrophilic Coatings
Hydrophilic coatings are widely used in a variety of industrial and consumer applications. These coatings can be found on a variety of objects, such as food packaging, medical equipment, and textiles. The hydrophilic coating market is expected to grow at a CAGR of 7.5% from 2018 to 2023.
Market Size and Growth Rate
The global hydrophilic coating market is expected to grow at a CAGR of 7.0% during the forecast period 2017-2021. This growth is mainly attributed to the rising demand for water repellent and anti-graffiti coatings, as well as coatings for food packaging. In terms of value, the market is projected to reach USD XX million by 2021.
However, the market is also obstructed by several factors such as high cost of raw materials and lack of government initiatives in certain regions. In addition, the increasing awareness about environmental issues is also hampering the growth of this market.
Nevertheless, the hydrophilic coating market has a number of potential investors such as chemical companies, paints and coatings manufacturers, and equipment suppliers. These investors are primarily interested in exploiting the growing demand for coatings that are resistant to water and corrosion.
Some of the key players in this market include BASF SE (Germany), AkzoNobel N.V. (The Netherlands), Dow Chemical Co. (U.S.), PPG Industries Inc. (U.S.), Henkel AG (Germany), and SABIC Innovative Plastics Technologies LLC (Saudi
Trends and Future Outlook
A hydrophilic coating is an extra-virgin oil or water soluble paint that prevents water and other liquids from sticking to a surface. Hydrophilic coatings are commonly used in industrial and consumer applications because they allow products to be easily cleaned, minimizing the amount of waste created. The market for hydrophilic coatings is expected to grow at a CAGR of 7.1% over the forecast period 2018-2025. This growth is attributed to the increasing demand for environmentally friendly and efficient products.
Some of the key market trends that are influencing the growth of the hydrophilic coating market are:
Increase in the number of innovative product launches
The increasing trend for sustainable and environmentally friendly products is expected to drive the growth of the hydrophilic coating market. This is due to the fact that these coatings are designed to reduce environmental impact. Several companies are now focusing on developing products that are not only environmentally friendly but also cost-effective. This has led to an increase in the number of innovative product launches in the market.
Shift from mechanical coatings to chemical free coatings
One of the key reasons for the growing demand for hydrophilic coatings is the fact that the market for mechanical coatings is expected to decline over the forecast period. Hydrophilic coatings are considered to be more durable as compared to mechanical coatings, which makes them cost-effective when it comes to maintaining equipment. In addition, these coatings can also protect the surface from corrosion, providing an additional benefit.
However, the growing demand for hydrophilic coating is also putting pressure on the manufacturers of mechanical coatings to innovate and develop products that offer similar benefits as hydrophilic coatings. This is resulting in a shift in the requirements of industrial customers toward hydrophilic coatings rather than mechanical ones. Hydrophilic Coatings Market Trends Driven by Increase in Usage According to a report published by Mint el, the global hydrophilic coating market is expected to reach $610.3 million by 2022, registering a CAGR of 4.9% during the period under review.The demand is rising as people become more concerned with health while also making sure they are protected from harsh elements that could lead to serious damage. Since hydrophilic coatings are less harmful to skin and have antimicrobial properties, they can be used in pharmaceutical facilities and hospitals, where safety is of utmost importance.Hydrophilic coatings can also be used on LPG cylinders when transporting petroleum compounds and chemicals for human consumption. When compared to mechanical coatings, hydrophilic ones offer minimal resistance to corrosion, thus enabling them to withstand high-pressure conditions for extended
