According to the research report titled ‘GLOBAL Mirror Coatings Market 2021-2028’, available with Market Study Report, global mirror coatings market is anticipated to register 6.87% CAGR over the forecast duration 2021-2028.
Extensive use of glasses and mirrors in residential and commercial constructions, increasing solar power projects, along with surging demand for heavy construction materials are propelling the growth of worldwide mirror coatings industry.
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On the other hand, pitfalls pertaining to epoxy coatings and strict governmental directives are likely to impede the market outlook.
Based on resin type, the market space consists of acrylic, polyurethane, epoxy and others. Speaking of technology, global mirror coatings marketplace is bifurcated into nano-coatings, solvent-based, and water-based. In terms of substrate, the market offers aluminum, silver, and others. While the end-user vertical of the market is classified into energy, building & construction, automotive & transportation, and others.
Moving on to regional landscape, global mirror coatings business intelligence report hosts the current trends across North America, Middle East & Africa, Asia Pacific, Europe, and Latin America.
As per estimates, Asia Pacific industry share is expected to bolster at a momentous rate in the stipulated timeframe, owing to inexpensive labor cost, easily obtainable anti-corrosion solutions as well as massive shipping traffic. Also, some Southeast Asian countries are major hubs for ship repair and construction, that will further augment the demand for mirror coatings.
The competitive landscape of worldwide mirror coatings market is defined by companies such as Berliner Glas GmbH, Fosta-Tek Optics Inc., General Optics (Asia) Limited, Bhimrajka
Mäder Coatings Pvt. Ltd., Evaporated Coatings Inc., Edmund Scientific Corporation, Fenzi S.p.A, AccuCoat Inc., Dynasil Corporation of America, JML Optical Industries LLC, Abrisa Technologies, Ophir Optronics Solutions Ltd., Guardian Industries, Casix Inc., and Carl Zeiss AG among others.