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Mirror Coatings Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030

Mirror Coatings Market Size, Share & Trends Analysis - Global...

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Mirror Coatings Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030
Mirror Coatings Market Size, Share...
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The global mirror coating market was valued at ~US$ 670million in 2020 and is expected to reach ~US$ 1661million by 2030. The market would grow at a compound annual growth rate (CAGR) of 9.5% during the forecast period from 2021 to 2030.

Mirror coatings are protective layers applied behind the glass for reflection. The coating also helps in retaining product quality in regards to texture, durability, and color. Without mirror coatings, the mirrors would simply be a piece of transparent glass through which light can pass. Usually, silver or aluminum is used for coating mirrors because of their highly reflective qualities. Mirror coatings are generally called silver because of the predominant use of silver. Other metals such as gold and copper are also used frequently.

Factors Affecting

  • Governments of emerging economies are constructing more buildings, placing mirrors on the outside walls to keep the inner sections cool while also giving an attractive look to the buildings. Due to this reason, the demand for the global mirror coatings market will increase.
  • In recent years, the increasing awareness about energy conservation has made the use of solar power popular. Solar panels are made from low-cost mirrors and light-focusing lenses to grab light over the panel surface. Since the mirrors will be exposed to extreme elements, mirror coatings will be required to make the panels durable. It will result in increasing demand for the global mirror coatings market.
  • Mirror coatings are made from metals such as aluminum, silver, gold, copper, etc. but, these metals break down very quickly if not kept under pollution-free and dry conditions. Silver loses its reflective properties in 2 months; gold and aluminum become delicate under extreme weather conditions. These factors may slow down growth for the global mirror coatings market.

Impact Analysis of Covid-19

The Covid-19 pandemic forced the world to undergo a lockdown. Many industries suffered major decline due to a halt in operations. The mirror coating industry suffered a significant decline because many end-users, including the automobile, transportation, construction, and solar industry discontinued their operations. As a result, it caused a huge drop in demand for the global mirror coating market. Apart from that, various industries witnessed a sudden decline in the workforce. As a result, it slowed down the activities. 

Regional Insights

Out of all these, the Asia-Pacific region contributes with the largest share. Emerging construction industries in countries like India, China, and Japan are propelling the growth of the global mirror coatings market. In addition, the presence of major competitive players in the industry is also a contributing factor in the growth of the regional market.

Competitors in the Market

The prominent and leading competitors in the global mirror coatings market are:

  • Tianjin Xin Lihua Color Materials Co. Ltd
  • Arkema Group
  • The Sherwin-Williams Company
  • PearlNano LLC
  • Diamon-Fusion International Inc.
  • North American Coating Laboratories
  • Dynasil Corporation
  • Guardian Glass
  • Edmund Optics Inc.
  • General Optics (Asia) Limited
  • High Ding Industrial
  • Mader
  • GlasTrösch
  • Other Prominent Players

Scope of the Report

The market is segmented on the basis of Technology, Resin, Substrate, implementation, and Region. 

By Technology

  • Solvent-Based Coatings
  • Water-Based Coatings
  • Nanotechnology-Based Coatings

By Resin

  • Acrylic
  • Polyurethane
  • Epoxy
  • Other

By Substrate

  • Silver
  • Aluminum

By Implementation

  • Automotive & Transportation
  • Decorative Applications
  • Architectural
  • Solar Power

By Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America


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