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Mirror Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A4470
Year End
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Market Overview:
The global mirror coatings market size reached US$ 693 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,029 Million by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
Mirror coatings are thin metallic layers applied to polished surfaces to reflect light. They are produced using vacuum evaporation or sputtering technique on glass and metals, such as aluminum, gold, copper and silver, along with beryllium, copper and chrome. Mirror coatings are commonly available in solvent-based, water-based and nanocoating variants. These coatings provide protection against scratches, abrasion, oxidation and chemical corrosion. They are widely used in the light-emitting diode (LED) light reflectors, deflection mirrors of scanners, prisms, telescopic mirrors, head-mounted displays (HMDs) and distance measuring devices. As a result, mirror coatings find extensive applications across various industries, including automotive, construction, healthcare, transportation, solar power and energy.
Mirror Coatings Market Trends:
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Mirror coatings are widely applied on architectural and decorative mirrors in walls, kitchens, saloons, bathrooms, doors, and bars of residential and commercial complexes. Moreover, the widespread adoption of concentrated solar power (CSP) panels for focusing sunlight and generating steam to drive the power turbines is providing a thrust to the market growth. CSPs require durable, cost-effective, lightweight and long-term protective polyurethane mirror coatings that are applied through liquid-metal thin-film deposition techniques. Additionally, the development of innovative nanocoatings is acting as another growth-inducing factor. These coatings are dirt- and water-repellent, scratchproof, temperature- and corrosion-resistant and emit a low amount of volatile organic compounds (VOCs). Other factors, including the increasing adoption of mirror coatings in wastewater treatment plants, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global mirror coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on resin type, technology, substrate and end user.
Breakup by Resin Type:
- Epoxy
- Acrylic
- Polyurethane
- Others
Breakup by Technology:
- Nano Coatings
- Solvent-Based
- Water-Based
Breakup by Substrate:
- Silver
- Aluminium
- Others
Breakup by End User:
- Building and Construction
- Automotive and Transportation
- Energy
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., CASIX (Fabrinet), Diamon-Fusion International Inc., Dynasil Corporation, Edmund Optics Inc., FENZI S.p.A., Ferro Corporation, Guardian Glass LLC (Koch Industries Inc.), Pearl Nano LLC, The Sherwin-Williams Company, Tianjin Xin Lihua Color Materials Co. Ltd (NBC) and Vitro S.A.B. de C.V.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Resin Type, Technology, Substrate, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Arkema S.A., CASIX (Fabrinet), Diamon-Fusion International Inc., Dynasil Corporation, Edmund Optics Inc., FENZI S.p.A., Ferro Corporation, Guardian Glass LLC (Koch Industries Inc.), Pearl Nano LLC, The Sherwin-Williams Company, Tianjin Xin Lihua Color Materials Co. Ltd (NBC) and Vitro S.A.B. de C.V. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global mirror coatings market was valued at US$ 693 Million in 2022.
We expect the global mirror coatings market to exhibit a CAGR of 6.9% during 2023-2028.
The rising demand for mirror coatings across various industries, such as automotive, transportation, construction, etc., as they offer protection from harmful radiation and increase the durability of the products, owing to their scratch, abrasion, and corrosion resistance properties, is primarily driving the global mirror coatings market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for mirror coatings.
Based on the resin type, the global mirror coatings market has been segmented into epoxy, acrylic, polyurethane, and others, where polyurethane currently exhibits a clear dominance in the market.
Based on the technology, the global mirror coatings market can be divided into nano coatings, solvent-based, and water-based. Currently, solvent-based holds the largest market share.
Based on the substrate, the global mirror coatings market has been categorized into silver, aluminium, and others. Among these, aluminium currently accounts for the majority of the global market share.
Based on the end user, the global mirror coatings market can be bifurcated into building and construction, automotive and transportation, energy, and others. Currently, building and construction exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global mirror coatings market include Arkema S.A., CASIX (Fabrinet), Diamon-Fusion International Inc., Dynasil Corporation, Edmund Optics Inc., FENZI S.p.A., Ferro Corporation, Guardian Glass LLC (Koch Industries Inc.), Pearl Nano LLC, The Sherwin-Williams Company, Tianjin Xin Lihua Color Materials Co. Ltd (NBC), and Vitro S.A.B. de C.V.
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