Study papers on Mirror Coatings market and regional forecast. Mirror Coatings market players are Arkema (France), Fenzi (Italy), Ferro Corporation (US), Sherwin-Williams Company (US), Vitro Architectural Glass (Mexico), SunGuard (Guardian Glass) (US), Diamon-Fusion International (US), Pearl Nano (US) Mader (France), Tianjin Xin Lihua Color Materials (China), High Ding Industrial (Grincoat) (Taiwan), and Casix (China).
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Mirror coatings market is projected to grow from USD 618.4 million in 2017 to USD 892.0 million by 2022, at a CAGR of 7.60% between 2017 and 2022. The market includes mirror backing paints used in silver and aluminum mirrors.
The growing demand for mirror coatings across various applications, such as architectural, automotive & transportation, and solar power is expected to fuel the growth of the mirror coatings market. Factors restraining the market growth include high prices of end products which are used in the solar power industry.
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- Mirror Manufacturers
- Mirror Raw Material Suppliers
- Coatings Raw Material Suppliers
- Coating Formulation Technology Providers
- Industry Associations
- Nano Coating Technology Companies
- Automotive Companies
- Solar Panel Manufacturers
- Decorative Mirror Manufacturers
- Chemical Companies
- NGOs, Government, and Regional Agencies
- Research Organizations and Associations
Among regions, Asia Pacific is the fastest-growing market for mirror coatings. The economic growth of emerging economies such as China, India, Taiwan, Indonesia, Vietnam, and Malaysia is driving the mirror coatings market in APAC.
China leads the mirror coatings market in Asia Pacific in terms of demand. Factors such as the availability of cheap labor and raw materials, lower taxes, and less stringent environmental regulations are driving the market in China.
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Based on technology, the water-based segment of the mirror coatings is expected to account for the largest share, in terms of volume, during the forecast period. The quality and strength of coatings manufactured using water-based technology depend on the use of raw materials, such as resins, additives, and pigments.
Water-based coatings are used as atop coat in building and construction activities, where cost is a prime factor. Water-based coatings are also used as a basecoat as performance is a prime factor in automobiles and solar power applications.
Water-based coatings can be applied on mirror surfaces through brushing, spraying, dipping, flowing, and rolling methods.
Based on application, the architectural segment accounted for the largest share of the overall mirror coatings market in 2016, in terms of volume and value. The architectural application segment involves mirror used in windows, walls, doors, bathrooms, lifts, gyms, hotels, saloon shops, bars, hospitals, airports, museums, kitchens, kitchen, structure, and others.
The architectural application segment led the mirror coatings market in APAC; due to the growing expenditure on commercial and residential buildings in the region.
2 Market Ranking
2.1 Market Ranking of Key Players (2016)
3 Competitive Scenario
5 Product Launches
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This report provides detailed segmentation of the mirror coatings market on the basis of resin type, technology, substrate, application, and region. Based on resin type, the market has been segmented into polyurethane, epoxy, acrylic, and others.
Based on technology, the market has been segmented into solvent-based, water-based, and nano coatings. Based on substrate, the market has been segmented into silver and aluminum.
Based on application, the market has been segmented into architectural, automotive & transportation, solar power, decorative, and others. Based on region, the market has been segmented into Asia Pacific, Europe, North America, South America, and Middle East & Africa.
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