Over the last few years, the coatings business has experienced tremendous growth due to its expanding use in the automotive and medical industries. In addition, the vehicle industry has experienced rapid expansion, which has considerably boosted the market. In 2018, 95,634,593 automobiles were produced, according to the International Organization of Motor Vehicle Manufacturers (OICA). The hydrophilic coatings market will continue to flourish in the future due to the automobile industry's preparedness for a seismic shift brought on by increased production rates. The sector will experience a certain rise in demand, and growing revenues over the forecasted period.
Frequently Asked Questions
The market is segmented based on Segmentation, By Substrate (Polymers, Glass/Ceramics, Metals, Nanoparticles, Others), End Users (Medical Devices, Automotive, Optics, Aerospace, Marine, Others) – Industry Trends and Forecast to 2031
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The Global Hydrophilic Coatings Market size was valued at USD 14.65 USD Billion in 2023.
The Global Hydrophilic Coatings Market is projected to grow at a CAGR of 7% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
