Inkwood Research estimates that the global mirror coatings market will project an anticipated CAGR of 6.78% during the forecast period, and will reach revenue of $811.30 million by 2028. The base year considered for the study is 2020, while the estimated period is between 2021 and 2028. Mirrors have the ability to reflect the incoming light. The reflective surfaces are utilized in many applications. The most common technique is to create a refined surface by depositing a layer of reflected coating using mirror coating.
GLOBAL MIRROR COATINGS MARKET FORECAST 2021-2028
Global Mirror Coatings Market Forecast by Resin Type (Polyurethane, Epoxy, Acrylic, Other Resin Types) by Technology (Solvent-based, Water Based, Nanocoatings) by Substrate (Silver, Aluminium, Other Substrates) by End-user (Building & Construction, Automotive and Transportation, Energy, Other End-users) and by Geography.
Inkwood Research estimates that the global mirror coatings market will project an anticipated CAGR of 6.78% during the forecast period, and will reach revenue of $811.30 million by 2028. The base year considered for the study is 2020, while the estimated period is between 2021 and 2028.
Mirrors have the ability to reflect the incoming light. The reflective surfaces are utilized in many applications. The most common technique is to create a refined surface by depositing a layer of reflected coating using mirror coating. The global mirror coatings market is expected to grow significantly in the future, majorly driven by the increasing demand from the construction industry.
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Key factors driving the global mirror coatings market growth are:
- High demand from the construction sector
- Increasing application in the solar power industry
- South Korea has been constructing a floating solar plant, which is estimated to be the world’s largest floating solar plant.
- The country has been focusing on enhancing solar power generation by installing roof-top plants in over 1 million homes in the country, and by 2022, every public building and a million homes will have to be powered by solar. This is likely to be a very promising factor for the market studied.
Key market growth restraints:
- Limitations of epoxy coating
- Stringent government regulations
- Environmental Protection Agency (EPA) of the U.S. imposed bans and introduced several regulatory norms on the usage of a wide range of solvent-borne coatings, high toxic solvents, VOCs, and HAPs, such as chromium and led-based heavy metals.
The report scope of the global mirror coatings market covers the segmentation analysis of resin type, technology, substrate, and end-user.
Market by End-User:
- Building and Construction
- Automotive and Transportation
- Energy
- Energy is the fastest-growing end-user.
- The increased concern to improve the quality of air, water, and soil has now resulted in the world seeking cleaner sources of energy. This has highlighted the importance of switching to renewable sources of energy.
- The application of mirrors has been significantly increasing in the energy sector. As a result, there is a rising focus on the development of renewable infrastructure for power generation.
- Other End-users
Geographically, the global mirror coatings market has been segmented on the basis of four major regions, which includes:
- North America: The United States and Canada
- Europe: The United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, Russia, and Rest of Europe
- Asia Pacific: China, Japan, India, South Korea, Thailand, Indonesia, Vietnam, Australia & New Zealand, and Rest of Asia Pacific
- The Asia Pacific mirror coatings market is estimated to record the highest CAGR, along with harboring the largest market share during the forecast period.
- In 2019, India added 7.3 GW of new solar power generation capacity, taking the total to 35.6 GW, which is 9.6% of the total installed power capacity.
- India also had a strong pipeline of solar projects under development by the end of 2019, with other tenders for 31.5 GW pending for auction. Overall, the growth of the mirror coatings market in the country is expected to be high.
- Rest of World: Latin America, the Middle East & Africa
The major players in the global mirror coatings market are:
- Abrisa Technologies
- Accucoat Inc
- Berliner Glas
- CASIX
- Others
Key strategies adopted by some of these companies:
In February 2020, Edmund Optics (EO) introduced a new reflective ultrafast enhanced silver coating, which is optimal for ultrafast laser applications.
Key findings of the global mirror coatings market:
- The growing demand for mirror coatings in construction is fueling the market growth.
- Polyurethane is the dominant and fastest-growing resin type.
- Silver is the fastest-growing substrate.
Frequently Asked Questions & Answers (FAQs):
- Which technology is anticipated to dominate the overall market?
A: Solvent-based technology is anticipated to dominate the overall market.
- Which country offers lucrative growth opportunities for the mirror coatings market?
A: India offers lucrative growth opportunities for the mirror coating market.
- Which are the top companies operating in the mirror coatings market?
A: Accucoat Inc, CASIX, Fenzi SPA, etc., are among the top companies operating in the mirror coatings market.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- HIGH DEMAND FROM THE CONSTRUCTION SECTOR
- INCREASING APPLICATION IN SOLAR POWER INDUSTRY
- KEY RESTRAINTS
- LIMITATIONS OF EPOXY ANTI-CORROSION COATING
- STRINGENT GOVERNMENT REGULATIONS
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON MIRROR COATINGS MARKET
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY RESIN TYPE
- POLYURETHANE
- EPOXY
- ACRYLIC
- OTHER RESIN TYPES
- MARKET BY TECHNOLOGY
- SOLVENT-BASED
- WATER BASED
- NANOCOATINGS
- MARKET BY SUBSTRATE
- SILVER
- ALUMINIUM
- OTHER SUBSTRATES
- MARKET BY END-USER
- BUILDING & CONSTRUCTION
- AUTOMOTIVE AND TRANSPORTATION
- ENERGY
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- EUROPE
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- REGIONAL ANALYSIS
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGER & ACQUISITIONS
- PRODUCT LAUNCH & DEVELOPMENTS
- BUSINESS EXPANSION
- COMPANY PROFILES
- ABRISA TECHNOLOGIES
- ACCUCOAT INC
- BERLINER GLAS
- CASIX
- DYNASIL CORPORATION
- EDMUND OPTICS INC
- EVAPORATED COATINGS INC
- FENZI SPA
- FOSTA-TEK OPTICS
- GENERAL OPTICS (ASIA LIMITED)
- GUARDIAN GLASS LLC
- JML OPTICAL
- MADER
- OPHIR OPTRONICS SOLUTIONS LTD
- ZEISS INTERNATIONAL
- KEY STRATEGIC DEVELOPMENTS
TABLE LIST
TABLE 1: MARKET SNAPSHOT – MIRROR COATINGS
TABLE 2: GLOBAL MIRROR COATINGS MARKET, BY RESIN TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: GLOBAL MIRROR COATINGS MARKET, BY RESIN TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: GLOBAL POLYURETHANE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: GLOBAL POLYURETHANE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: GLOBAL EPOXY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: GLOBAL EPOXY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: GLOBAL ACRYLIC MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: GLOBAL ACRYLIC MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: GLOBAL OTHER RESIN TYPES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 11: GLOBAL OTHER RESIN TYPES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 12: GLOBAL MIRROR COATINGS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 13: GLOBAL MIRROR COATINGS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 14: GLOBAL SOLVENT-BASED MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 15: GLOBAL SOLVENT-BASED MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 16: GLOBAL WATER BASED MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 17: GLOBAL WATER BASED MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 18: GLOBAL NANOCOATINGS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 19: GLOBAL NANOCOATINGS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 20: GLOBAL MIRROR COATINGS MARKET, BY SUBSTRATE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 21: GLOBAL MIRROR COATINGS MARKET, BY SUBSTRATE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 22: GLOBAL SILVER MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 23: GLOBAL SILVER MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 24: GLOBAL ALUMINIUM MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 25: GLOBAL ALUMINIUM MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 26: GLOBAL OTHER SUBSTRATES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 27: GLOBAL OTHER SUBSTRATES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 28: GLOBAL MIRROR COATINGS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 29: GLOBAL MIRROR COATINGS MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 30: GLOBAL BUILDING & CONSTRUCTION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 31: GLOBAL BUILDING & CONSTRUCTION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 32: GLOBAL AUTOMOTIVE AND TRANSPORTATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 33: GLOBAL AUTOMOTIVE AND TRANSPORTATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 34: GLOBAL ENERGY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 35: GLOBAL ENERGY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 36: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 37: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 38: GLOBAL MIRROR COATINGS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 39: GLOBAL MIRROR COATINGS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 40: NORTH AMERICA MIRROR COATINGS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 41: NORTH AMERICA MIRROR COATINGS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 42: LEADING PLAYERS OPERATING IN NORTH AMERICA MIRROR COATINGS MARKET
TABLE 43: EUROPE MIRROR COATINGS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 44: EUROPE MIRROR COATINGS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 45: LEADING PLAYERS OPERATING IN EUROPE MIRROR COATINGS MARKET
TABLE 46: ASIA PACIFIC MIRROR COATINGS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 47: ASIA PACIFIC MIRROR COATINGS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 48: LEADING PLAYERS OPERATING IN ASIA PACIFIC MIRROR COATINGS MARKET
TABLE 49: REST OF WORLD MIRROR COATINGS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 50: REST OF WORLD MIRROR COATINGS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 51: LEADING PLAYERS OPERATING IN REST OF THE WORLD MIRROR COATINGS MARKET
LIST OF FIGURES
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: GLOBAL MIRROR COATINGS MARKET, GROWTH POTENTIAL, BY RESIN TYPE, IN 2020
FIGURE 6: GLOBAL MIRROR COATINGS MARKET, BY POLYURETHANE, 2021-2028 (IN $ MILLION)
FIGURE 7: GLOBAL MIRROR COATINGS MARKET, BY EPOXY, 2021-2028 (IN $ MILLION)
FIGURE 8: GLOBAL MIRROR COATINGS MARKET, BY ACRYLIC, 2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL MIRROR COATINGS MARKET, BY OTHER RESIN TYPES, 2021-2028 (IN $ MILLION)
FIGURE 10: GLOBAL MIRROR COATINGS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2020
FIGURE 11: GLOBAL MIRROR COATINGS MARKET, BY SOLVENT-BASED, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL MIRROR COATINGS MARKET, BY WATER BASED, 2021-2028 (IN $ MILLION)
FIGURE 13: GLOBAL MIRROR COATINGS MARKET, BY NANOCOATINGS, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL MIRROR COATINGS MARKET, GROWTH POTENTIAL, BY SUBSTRATE, IN 2020
FIGURE 15: GLOBAL MIRROR COATINGS MARKET, BY SILVER, 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL MIRROR COATINGS MARKET, BY ALUMINIUM, 2021-2028 (IN $ MILLION)
FIGURE 17: GLOBAL MIRROR COATINGS MARKET, BY OTHER SUBSTRATES, 2021-2028 (IN $ MILLION)
FIGURE 18: GLOBAL MIRROR COATINGS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
FIGURE 19: GLOBAL MIRROR COATINGS MARKET, BY BUILDING & CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 20: GLOBAL MIRROR COATINGS MARKET, BY AUTOMOTIVE AND TRANSPORTATION, 2021-2028 (IN $ MILLION)
FIGURE 21: GLOBAL MIRROR COATINGS MARKET, BY ENERGY, 2021-2028 (IN $ MILLION)
FIGURE 22: GLOBAL MIRROR COATINGS MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 23: NORTH AMERICA MIRROR COATINGS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 24: UNITED STATES MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 25: CANADA MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 26: EUROPE MIRROR COATINGS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 27: UNITED KINGDOM MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 28: GERMANY MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 29: FRANCE MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 30: ITALY MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 31: RUSSIA MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 32: BELGIUM MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 33: POLAND MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 34: REST OF EUROPE MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 35: ASIA PACIFIC MIRROR COATINGS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 36: CHINA MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 37: JAPAN MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 38: INDIA MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 39: SOUTH KOREA MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 40: INDONESIA MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 41: THAILAND MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 42: VIETNAM MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 43: AUSTRALIA & NEW ZEALAND MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 44: REST OF ASIA PACIFIC MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 45: REST OF WORLD MIRROR COATINGS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 46: LATIN AMERICA MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 47: MIDDLE EAST & AFRICA MIRROR COATINGS MARKET, 2021-2028 (IN $ MILLION)
- MARKET BY RESIN TYPE
- POLYURETHANE
- EPOXY
- ACRYLIC
- OTHER RESIN TYPES
- MARKET BY TECHNOLOGY
- SOLVENT-BASED
- WATER BASED
- NANOCOATINGS
- MARKET BY SUBSTRATE
- SILVER
- ALUMINIUM
- OTHER SUBSTRATES
- MARKET BY END-USER
- BUILDING & CONSTRUCTION
- AUTOMOTIVE AND TRANSPORTATION
- ENERGY
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- EUROPE
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- REGIONAL ANALYSIS
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
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