Mirror Coatings Market
Growth Factors of Mirror Coatings Market
The Mirror Coatings market size was valued at USD 782.7 million in 2023, and the market is now projected to grow from USD 840 million in 2024 to USD 1462 million by 2032, exhibiting a CAGR of 7.2% during the forecast period of 2024-2032.
The COVID-19 widespread has had a negative effect on each region, each trade, and each angle of life, and the mirror coatings market growth is no special case. The rise of COVID-19 and the ensuing financial slowdown influenced most of the major end-use businesses, counting development, automotive, and solar, among others. These coatings producers around the world have detailed bringing down generation capacity and indeed incidentally closing down fabricating offices due to the lockdown confinements and diminished arrange admissions. A few fabricating and end-use businesses experienced uncommon challenges amid this period due to the market instabilities.
The development division has seen quick development over a few districts of the world over the final few decades and thus enriching the mirror coatings market growth. In numerous nations, glass design has ended up a sign of advance, with individuals witnessing these structures as images of extravagance and opulence. In expansion to being utilized as an enhancing component, mirror-coated glass is progressively being utilized within the development industry as a separator fabric, basic component, outside coating fabric, and cladding fabric, among other things. Mirror coatings successfully reflect light and ensure coated surfaces from chemical contamination and scraped area. These coatings decrease support costs and improve the life of the coated surface by protecting the color, toughness, and surface of building structures.
Concentrated solar control frameworks utilize mirror-coated mirrors and focal points to concentrate daylight and create control. Climatic changes are one of the foremost critical concerns the world is facing nowadays, influencing each region of the globe. Agreeing to the United Nations' Intergovernmental Panel on Climate Change (IPCC) 2024 report, the average worldwide temperature has as of now has risen by 1.1 degrees Celsius from pre-industrial levels within the nineteenth century. Researchers fore look that the normal temperature globally will rise by more than 1.5 degrees Celsius over another 20 a long time, surpassing the Paris Agreement's 1.5-degree Celsius threat restrain. One of the foremost vital activities that can offer assistance dodge the disastrous impacts of worldwide warming is instantly cutting greenhouse gas outflows by lessening fossil fuel utilization and moving to elective renewable vitality sources such as solar vitality.
Comprehensive Analysis of Mirror Coatings Market
Major share of the fragment in the global market is namely termed as polyurethane type. An additional layer of polyurethane coating is set on the surf cents of the substrate to secure it. The solvent-based section held the primary share of the worldwide market. Employing a solvent-based color regularly makes improved effect on a mirror portray. The building portion acquired a lion's share of the total global market share in the meanwhile time forecasted. Market growth of the mirror coatings is being governed by the architectural industry. The building and development industry is steadily growing, which is likely to extend the utilization of these coatings.
Mirror coatings market share in the Asia Pacific region showed dominance with a valuation of USD 370.5 million among all the operating regions globally. The market within the Asia-Pacific region is expected to witness quick development owing to rising request from the development and infrastructure advancement industry. Amid the estimate period, rising economies such as China and India and other Southeast Asian nations are anticipated to contribute altogether and experience enormous foundation change. The Asia Pacific region right now holds more than half of the world's populace, and people's obtaining control and living measures have made strides essentially over the past a few decades.
To protect item quality and progress territorial reach, most multinational organizations have coordinated their raw material fabricating and dispersion exercises. This gives businesses a competitive edge in fetched reserve funds, permitting them to extend their benefit edge. Companies moreover prioritize R&D activities to create unused products to remain competitive and meet changing end-user requests. A few of the major participants of the market within the worldwide are Sherwin-Williams Company (U.S.), Casx (China), Fenzi (Italy), JENOPTIK AG (Germany), and Dynasil Corporation (U.S.).
Within the month of June 2020, the NASA Goddard Space Flight Center (GSFC) researchers and engineers have created telescope reflect coatings with the most elevated reflectivity however detailed within the far-ultraviolet (FUV) unearthly band. At the length of far-ultraviolet (FUV) wavelengths, mere mindful a telescope mirror is, and it is capable of capturing way better pictures. Progressed reflectivity alone would significantly progress throughput, whereas the preferences of more competent optical plans made conceivable by higher reflectivity would boost affectability.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Million)
Growth Rate CAGR of 7.2% (from 2024 to 2032)
Segmentation By Resin Type
- Polyurethane
- Epoxy
- Acrylic
- Others
By Formulation Technology
- Solvent-based
- Water-based
- Others
By End-use Industry
- Architectural
- Automotive & Transportation
- Solar Power
- Decorative
- Others
By Region
- North America (By Resin Type, By Formulation Technology, By End-use Industry)
- U.S. (By End-use Industry)
- Canada (By End-use Industry)
- Germany (By End-use Industry)
- U.K. (By End-use Industry)
- France (By End-use Industry)
- Italy (By End-use Industry)
- Spain (By End-use Industry)
- Rest of Europe (By End-use Industry)
- China (By End-use Industry)
- Japan (By End-use Industry)
- India (By End-use Industry)
- South Korea (By End-use Industry)
- Rest of Asia Pacific (By End-use Industry)
- Brazil (By End-use Industry)
- Mexico (By End-use Industry)
- Rest of Latin America (By End-use Industry)
- South Africa (By End-use Industry)
- GCC (By End-use Industry)
- Rest of the Middle East & Africa (By End-use Industry)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry Porter Analysis
- 4.3. Insights on Sustainability
- 4.4. Recent Industry Developments - Policies, Partnerships, New Resin Type Launches, and Mergers & Acquisitions
- 4.5. Impact of COVID-19 on Global Mirror Coatings Market
- 5. Global Mirror Coatings Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Resin Type (Value)
- 5.2.1.1. Polyurethane
- 5.2.1.2. Epoxy
- 5.2.1.3. Acrylic
- 5.2.1.4. Others
- 5.2.2. By Formulation Technology (Value)
- 5.2.2.1. Solvent-based
- 5.2.2.2. Water-based
- 5.2.2.3. Others
- 5.2.3. By End-use Industry (Value)
- 5.2.3.1. Architectural
- 5.2.3.2. Automotive & Transportation
- 5.2.3.3. Solar Power
- 5.2.3.4. Decorative
- 5.2.3.5. Others
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. Latin America
- 5.2.4.5. Middle East & Africa
- 6. North America Mirror Coatings Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Resin Type (Value)
- 6.2.1.1. Polyurethane
- 6.2.1.2. Epoxy
- 6.2.1.3. Acrylic
- 6.2.1.4. Others
- 6.2.2. By Formulation Technology (Value)
- 6.2.2.1. Solvent-based
- 6.2.2.2. Water-based
- 6.2.2.3. Others
- 6.2.3. By End-use Industry (Value)
- 6.2.3.1. Architectural
- 6.2.3.2. Automotive & Transportation
- 6.2.3.3. Solar Power
- 6.2.3.4. Decorative
- 6.2.3.5. Others
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S.
- 6.2.4.1.1. By End-use Industry (Value)
- 6.2.4.1.1.1. Architectural
- 6.2.4.1.1.2. Automotive & Transportation
- 6.2.4.1.1.3. Solar Power
- 6.2.4.1.1.4. Decorative
- 6.2.4.1.1.5. Others
- 6.2.4.2. Canada
- 6.2.4.2.1. By End-use Industry (Value)
- 6.2.4.2.1.1. Architectural
- 6.2.4.2.1.2. Automotive & Transportation
- 6.2.4.2.1.3. Solar Power
- 6.2.4.2.1.4. Decorative
- 6.2.4.2.1.5. Other
- 7. Europe Mirror Coatings Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Resin Type (Value)
- 7.2.1.1. Polyurethane
- 7.2.1.2. Epoxy
- 7.2.1.3. Acrylic
- 7.2.1.4. Others
- 7.2.2. By Formulation Technology (Value)
- 7.2.2.1. Solvent-based
- 7.2.2.2. Water-based
- 7.2.2.3. Others
- 7.2.3. By End-use Industry (Value)
- 7.2.3.1. Architectural
- 7.2.3.2. Automotive & Transportation
- 7.2.3.3. Solar Power
- 7.2.3.4. Decorative
- 7.2.3.5. Others
- 7.2.4. By Country (Value)
- 7.2.4.1. Germany
- 7.2.4.1.1. By End-use Industry (Value)
- 7.2.4.1.1.1. Architectural
- 7.2.4.1.1.2. Automotive & Transportation
- 7.2.4.1.1.3. Solar Power
- 7.2.4.1.1.4. Decorative
- 7.2.4.1.1.5. Other
- 7.2.4.2. UK
- 7.2.4.2.1. By End-use Industry (Value)
- 7.2.4.2.1.1. Architectural
- 7.2.4.2.1.2. Automotive & Transportation
- 7.2.4.2.1.3. Solar Power
- 7.2.4.2.1.4. Decorative
- 7.2.4.2.1.5. Other
- 7.2.4.3. France
- 7.2.4.3.1. By End-use Industry (Value)
- 7.2.4.3.1.1. Architectural
- 7.2.4.3.1.2. Automotive & Transportation
- 7.2.4.3.1.3. Solar Power
- 7.2.4.3.1.4. Decorative
- 7.2.4.3.1.5. Other
- 7.2.4.4. Italy
- 7.2.4.4.1. By End-use Industry (Value)
- 7.2.4.4.1.1. Architectural
- 7.2.4.4.1.2. Automotive & Transportation
- 7.2.4.4.1.3. Solar Power
- 7.2.4.4.1.4. Decorative
- 7.2.4.4.1.5. Other
- 7.2.4.5. Spain
- 7.2.4.5.1. By End-use Industry (Value)
- 7.2.4.5.1.1. Architectural
- 7.2.4.5.1.2. Automotive & Transportation
- 7.2.4.5.1.3. Solar Power
- 7.2.4.5.1.4. Decorative
- 7.2.4.5.1.5. Other
- 7.2.4.6. Russia & CIS
- 7.2.4.6.1. By End-use Industry (Value)
- 7.2.4.6.1.1. Architectural
- 7.2.4.6.1.2. Automotive & Transportation
- 7.2.4.6.1.3. Solar Power
- 7.2.4.6.1.4. Decorative
- 7.2.4.6.1.5. Other
- 7.2.4.7. Rest of Europe
- 7.2.4.7.1. By End-use Industry (Value)
- 7.2.4.7.1.1. Architectural
- 7.2.4.7.1.2. Automotive & Transportation
- 7.2.4.7.1.3. Solar Power
- 7.2.4.7.1.4. Decorative
- 7.2.4.7.1.5. Other
- 8. Asia-Pacific Mirror Coatings Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Resin Type (Value)
- 8.2.1.1. Polyurethane
- 8.2.1.2. Epoxy
- 8.2.1.3. Acrylic
- 8.2.1.4. Others
- 8.2.2. By Formulation Technology (Value)
- 8.2.2.1. Solvent-based
- 8.2.2.2. Water-based
- 8.2.2.3. Others
- 8.2.3. By End-use Industry (Value)
- 8.2.3.1. Architectural
- 8.2.3.2. Automotive & Transportation
- 8.2.3.3. Solar Power
- 8.2.3.4. Decorative
- 8.2.3.5. Others
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.1.1. By End-use Industry (Value)
- 8.2.4.1.1.1. Architectural
- 8.2.4.1.1.2. Automotive & Transportation
- 8.2.4.1.1.3. Solar Power
- 8.2.4.1.1.4. Decorative
- 8.2.4.1.1.5. Other
- 8.2.4.2. Japan
- 8.2.4.2.1. By End-use Industry (Value)
- 8.2.4.2.1.1. Architectural
- 8.2.4.2.1.2. Automotive & Transportation
- 8.2.4.2.1.3. Solar Power
- 8.2.4.2.1.4. Decorative
- 8.2.4.2.1.5. Other
- 8.2.4.3. India
- 8.2.4.3.1. By End-use Industry (Value)
- 8.2.4.3.1.1. Architectural
- 8.2.4.3.1.2. Automotive & Transportation
- 8.2.4.3.1.3. Solar Power
- 8.2.4.3.1.4. Decorative
- 8.2.4.3.1.5. Other
- 8.2.4.4. South Korea
- 8.2.4.4.1. By End-use Industry (Value)
- 8.2.4.4.1.1. Architectural
- 8.2.4.4.1.2. Automotive & Transportation
- 8.2.4.4.1.3. Solar Power
- 8.2.4.4.1.4. Decorative
- 8.2.4.4.1.5. Other
- 8.2.4.5. Rest of Asia Pacific
- 8.2.4.5.1. By End-use Industry (Value)
- 8.2.4.5.1.1. Architectural
- 8.2.4.5.1.2. Automotive & Transportation
- 8.2.4.5.1.3. Solar Power
- 8.2.4.5.1.4. Decorative
- 8.2.4.5.1.5. Other
- 9. Latin America Mirror Coatings Market Analysis, Insights and Forecast, 2019-2032
- 9.1.
- 9.1.1. By Resin Type (Value)
- 9.1.1.1. Polyurethane
- 9.1.1.2. Epoxy
- 9.1.1.3. Acrylic
- 9.1.1.4. Others
- 9.1.2. By Formulation Technology (Value)
- 9.1.2.1. Solvent-based
- 9.1.2.2. Water-based
- 9.1.2.3. Others
- 9.1.3. By End-use Industry (Value)
- 9.1.3.1. Architectural
- 9.1.3.2. Automotive & Transportation
- 9.1.3.3. Solar Power
- 9.1.3.4. Decorative
- 9.1.3.5. Others
- 9.1.4. By Country (Value)
- 9.1.4.1. Brazil
- 9.1.4.1.1. By End-use Industry (Value)
- 9.1.4.1.1.1. Architectural
- 9.1.4.1.1.2. Automotive & Transportation
- 9.1.4.1.1.3. Solar Power
- 9.1.4.1.1.4. Decorative
- 9.1.4.1.1.5. Other
- 9.1.4.2. Mexico
- 9.1.4.2.1. By End-use Industry (Value)
- 9.1.4.2.1.1. Architectural
- 9.1.4.2.1.2. Automotive & Transportation
- 9.1.4.2.1.3. Solar Power
- 9.1.4.2.1.4. Decorative
- 9.1.4.2.1.5. Other
- 9.1.4.3. Rest of Latin America
- 9.1.4.3.1. By End-use Industry (Value)
- 9.1.4.3.1.1. Architectural
- 9.1.4.3.1.2. Automotive & Transportation
- 9.1.4.3.1.3. Solar Power
- 9.1.4.3.1.4. Decorative
- 9.1.4.3.1.5. Other
- 10. Middle East & Africa Mirror Coatings Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Resin Type (Value)
- 10.2.1.1. Polyurethane
- 10.2.1.2. Epoxy
- 10.2.1.3. Acrylic
- 10.2.1.4. Others
- 10.2.2. By Formulation Technology (Value)
- 10.2.2.1. Solvent-based
- 10.2.2.2. Water-based
- 10.2.2.3. Others
- 10.2.3. By End-use Industry (Value)
- 10.2.3.1. Architectural
- 10.2.3.2. Automotive & Transportation
- 10.2.3.3. Solar Power
- 10.2.3.4. Decorative
- 10.2.3.5. Others
- 10.2.4. By Country (Value)
- 10.2.4.1. GCC
- 10.2.4.1.1. By End-use Industry (Value)
- 10.2.4.1.1.1. Architectural
- 10.2.4.1.1.2. Automotive & Transportation
- 10.2.4.1.1.3. Solar Power
- 10.2.4.1.1.4. Decorative
- 10.2.4.1.1.5. Other
- 10.2.4.2. South Africa
- 10.2.4.2.1. By End-use Industry (Value)
- 10.2.4.2.1.1. Architectural
- 10.2.4.2.1.2. Automotive & Transportation
- 10.2.4.2.1.3. Solar Power
- 10.2.4.2.1.4. Decorative
- 10.2.4.2.1.5. Other
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By End-use Industry (Value)
- 10.2.4.3.1.1. Architectural
- 10.2.4.3.1.2. Automotive & Transportation
- 10.2.4.3.1.3. Solar Power
- 10.2.4.3.1.4. Decorative
- 10.2.4.3.1.5. Other
- 11. Competitive Analysis
- 11.1. Global Mirror Coatings Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 11.2. Company Profiles
- 11.2.1. Sherwin-Williams Company (Ohio, U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Description
- 11.2.1.3. Resin Type Portfolio
- 11.2.1.4. Financials (As per Availaibity)
- 11.2.1.5. Recent Developments
- 11.2.2. Casix (Fuzhou, China)
- 11.2.2.1. Overview
- 11.2.2.2. Description
- 11.2.2.3. Resin Type Portfolio
- 11.2.2.4. Financials (As per Availaibity)
- 11.2.2.5. Recent Developments
- 11.2.3. Fenzi (Milan, Italy)
- 11.2.3.1. Overview
- 11.2.3.2. Description
- 11.2.3.3. Resin Type Portfolio
- 11.2.3.4. Financials (As per Availaibity)
- 11.2.3.5. Recent Developments
- 11.2.4. JENOPTIK AG (Jena, Germany)
- 11.2.4.1. Overview
- 11.2.4.2. Description
- 11.2.4.3. Resin Type Portfolio
- 11.2.4.4. Financials (As per Availaibity)
- 11.2.4.5. Recent Developments
- 11.2.5. Dynasil Corporation (Massachusetts, U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Description
- 11.2.5.3. Resin Type Portfolio
- 11.2.5.4. Financials (As per Availaibity)
- 11.2.5.5. Recent Developments
- 11.2.6. Ferro Corporation (Ohio, U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Description
- 11.2.6.3. Resin Type Portfolio
- 11.2.6.4. Financials (As per Availaibity)
- 11.2.6.5. Recent Developments
- 11.2.7. North American Coating Laboratories (Ohio, U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Description
- 11.2.7.3. Resin Type Portfolio
- 11.2.7.4. Financials (As per Availaibity)
- 11.2.7.5. Recent Developments
- 11.2.8. Reynard Corporation (California, U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Description
- 11.2.8.3. Resin Type Portfolio
- 11.2.8.4. Financials (As per Availaibity)
- 11.2.8.5. Recent Developments
- 11.2.9. ZEISS International (Oberkochen, Germany)
- 11.2.9.1. Overview
- 11.2.9.2. Description
- 11.2.9.3. Resin Type Portfolio
- 11.2.9.4. Financials (As per Availaibity)
- 11.2.9.5. Recent Developments
- 11.2.10. Tianjin Xin Lihua Color Materials (Tianjin, China)
- 11.2.10.1. Overview
- 11.2.10.2. Description
- 11.2.10.3. Resin Type Portfolio
- 11.2.10.4. Financials (As per Availaibity)
- 11.2.10.5. Recent Developments
- 11.2.11. Abrisa Technologies (California, U.S.)
- 11.2.11.1. Overview
- 11.2.11.2. Description
- 11.2.11.3. Resin Type Portfolio
- 11.2.11.4. Financials (As per Availaibity)
- 11.2.11.5. Recent Developments
- 11.2.12. AccuCoat inc (New York, U.S.)
- 11.2.12.1. Overview
- 11.2.12.2. Description
- 11.2.12.3. Resin Type Portfolio
- 11.2.12.4. Financials (As per Availaibity)
- 11.2.12.5. Recent Developments
- 12. Strategic Recommendations
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook