Report ID: UCMIG15E2207
Report ID:
UCMIG15E2207 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
According to estimates in 2016, the global market size for hydrophilic coatings was valued at USD 9.32 billion and is projected to grow at a compound annual growth rate (CAGR) of 5.2% in the foreseeable future. The increasing demand for hydrophilic coatings in various industries, such as medical devices and equipment, automotive, marine, and optical, is expected to drive the market growth due to the diverse characteristics it offers. Among these industries, the medical devices and equipment sector is expected to grow at a CAGR of over 6.2% during the forecast period. This is primarily due to the high usage of hydrophilic coatings in the production of catheters, guidewires, syringes, and other medical instruments that require efficient liquid flow.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2207