As per the report titled ‘GLOBAL Mirror Coatings Market 2021-2028’, available with Market Study Report, global mirror coatings market is set to exhibit a CAGR of 6.87% over the forecast period 2021-2028.
 

According to the findings of the report, widespread utilization of glasses and mirrors in residential and commercial construction, rise in number of solar projects, and growing demand for heavy construction materials are contributing to global mirror coatings market growth.
 

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On the contrary, drawbacks associated with epoxy coatings and stringent government regulations are hindering the industry expansion.
 

Based on resin type, global mirror coatings industry is split into polyurethane, acrylic, epoxy, and others. In terms of technology, the market is categorized into water-based, solvent-based, and nanocoatings. Moving to substrate type, the market is divided into silver aluminum and others. Further, the industry, based on vertical, is fragmented into automotive and transportation, building & construction, energy, and others.
 

From a geographical standpoint, Asia-Pacific (India, Japan, China, South Korea, Australia & New Zealand, ASEAN Countries), Europe (France, Italy, Spain, U.K., Germany, Russia), North America (U.S., Canada), Latin America (Brazil, Mexico), and Middle East and Africa (Turkey, United Arab Emirates, Saudi Arabia, South Africa) are the key contributors to the growth of global mirror coatings market.
 

Industry experts cite that Asia Pacific market is slated to showcase robust growth over the forecast duration, largely creditable to flourishing ship construction and repair industry in Southeast Asia nations, such as the Philippines, Thailand, Hong Kong, Japan, Indonesia, China, Singapore, and South Korea. Apart from this, easy accessibility to viable anti-corrosion solutions, low labor costs, and strong maritime shipping traffic are contributing to the regional market growth.
 

Prominent players in global mirror coatings industry are Carl Zeiss AG, Ophir Optronics Solutions, Ltd., Mäder Group, JML Optical Industries, Inc., Guardian Industries, General Optics (Asia) Ltd., Fosta-Tek Optics, Inc., Fenzi S.p.a., Evaporated Coatings, Inc., Edmund Optics, Dynasil Corp., Casix, Inc., Berliner Glas KGaA Herbert Kubatz GmbH & Co., AccuCoat, Inc., and Abrisa Technologies.