The global mirror
coatings market is forecast to reach USD 1,208.6 Million by 2026,
according to a new report by Reports and Data. The market is rising rapidly as
the demand for mirrors or mirror-like products are increasing year on year due
to rise in temperature in hot and temperate countries and economic enhancement
in the developing countries has helped the common people to spend a premium
amount on the luxury home decorative furniture which mostly are incorporated
with mirror coatings. The proliferation in the centralized air-conditioned
buildings reduced keeping windows and increased the practice of using mirror
coating glasses for several convenience and reasonable purposes.
The Asia Pacific region is
forecasted to generate the highest revenue of USD 541.5 Million in the year
2026, owing to its extensive market penetration coupled with the rise in the
customer base of automotive and extensive growth in building and construction industry
in the developing economies such as India and Thailand.
To identify the key trends in
the industry, click on the link below:
Further key findings from
the report suggest
- Automotive vehicles widely employ mirror or
reflecting glasses to get rid of the extreme sunny daylights. Some
portions of the windshields, sunroofs, and windows are made using the
reflecting or mirror glasses. The market has been hugely driven by
automotive applications. The segment had a market share of 23.3% in 2018
and will be growing with a CAGR of 8.1% during the forecast period.
- Home Décor instruments incorporate mirrors and
mirror-like reflecting furniture or accessories, which adds to the overall
market revenue. The CAGR for this segment is 7.2% during the forecast
period, and the revenue in 2018 was USD 112.1 Million for this segment.
- Consumer Goods include numerous products which employ
mirrors or mirror-like materials and increase the market for mirror
coatings. Eyewear, highly reflecting mirror-like costumes, and
camera-lenses, to name a few of the consumer goods. Consumer goods had a market
share of 14.3% in 2018 and are expected to grow with a CAGR of 7.0% in
2019-2026.
- Polyurethane resins have been considered in many
applications as the benchmark for being high-performance coatings. The
attributes that make this coating system so attractive are high-gloss and
crystal clear which finishes with excellent weathering performance. These
coatings are capable of reflecting more than 90% of the light and doesn't
let go most of the remaining amount of light inside the glass.
Polyurethane is forecasted to have a market share of 44.6% by 2026.
- Chromium will gain a market share of 15.3% by 2026
and will grow at a CAGR of 5.8% during 2019-2026. Chromium is mostly
employed in the rearview mirrors of vehicles.
- Key participants include Fenzi, Ferro,
Diamond-Fusion, Mader, Guardian Glass, Tianjin Xinlihua Color Materials
Co. Ltd., Casix, The Sherwin-Williams, Grincoat, Vitro SAB de CV.
For the purpose of this report,
Reports and Data have segmented the global Mirror Coatings market on the basis
of the base material, type of resins, technology, applications, and region:
Base Material Outlook
(Revenue, USD Million; 2016-2026)
- Silver
- Aluminum
- Gold
- Copper
- Chromium
- Others
Type of Resins Outlook
(Revenue, USD Million; 2016-2026)
- Polyurethane
- Epoxy
- Acrylic
- Others
Technology Outlook (Revenue,
USD Million; 2016-2026)
- Water-Based Coatings
- Solvent-Based Coatings
- Nano-Coatings
Applications Outlook (Revenue,
USD Million; 2016-2026)
- Automotive
- Building & Construction
- Home Décor
- Consumer Goods
- Concentrating Solar Power (CSV) Panels
- Others
Regional Outlook (Revenue, USD
Million; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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