Report Scope & Overview:
Mirror Coatings Market Size was valued at USD 721 million in 2022, and is expected to reach USD 1149 million by 2030, and grow at a CAGR of 6.0% over the forecast period 2023-2030.
The goal of using mirror coatings is to keep the overall quality of finished products high by making sure that important qualities like durability, texture, and colour don't change quickly. Mirror coatings have been used more and more in the automotive, solar, and construction industries over the past decade and more. The COVID-19 pandemic had a bad effect on the growth of the global mirror coatings market after it started. In order to stop the spread of the virus, governments put in place strict social distance rules and lockdowns. This meant that factories had to close, either temporarily or permanently.
This caused less people to want mirror coatings, which hurt the market as a whole. But it is expected that once the number of cases goes down, production units will start up soon. This will increase demand for products and keep the mirror coatings market growing steadily.
Mirror coatings are becoming more popular in the building and car industries.
Technology for exploring space has come a long way.
Water-based paints have some problems.
Tough rules about pollution
Mirror coatings that are low in VOCs, green, and sustainable are becoming more popular.
Increasing demand from industries that use it
Environmental problems and rules that are too strict
Water-based coatings can be a problem.
Impact of Covid-19:
COVID-19 has had a big effect on the economy in many ways, such as in the travel and tourism, manufacturing, and aviation industries. According to the World Bank and the IMF, the worst recession will happen in 2020 and 2021. As more and more countries put in place and extend lockdowns, economic activities are going down, which hurts the global economy.
In recent years, the world economy has become much more linked together. Different steps taken to contain COVID-19 have caused problems, such as disruptions in the global supply chain, less demand for imported goods and services, and an increase in the unemployment rate. With interest rates at all-time lows and sharp drops in the prices of stocks and commodities, people are less willing to take risks in the financial market. Both consumer and business confidence has dropped a lot.
Casix, Inc., Guardian Glass, Cemex S.A.B. de C.V., Mader Group, Diamon-Fusion International, Inc., FENZI S.p.A, Pearl Nano, LLC, Ferro Corporation,Arkema Group, Glas Trosch Holding AG, and other players.
Others (Alkyd and Silicone resin)
By End-use Industry:
Automotive & Transportation
The world market for mirror coatings is split into five areas: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Asia-Pacific is expected to be the biggest market in the world. This is because the automotive industries in countries like India and China are using more products. Leading market players could set up R&D centres in places like India, where key resources like land and people are easy to find.
Because there is more demand for architectural coatings in places like the US and Canada, North America is expected to be a good place for the world market to grow. Due to more people in Middle East and Africa using mirror or glass coatings in their homes, the overall market is expected to grow a lot in the next few years. Other parts of the world, like Europe and Latin America, aren't expected to grow as quickly because their governments have strict rules about how to get rid of volatile organic compounds in their countries.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 721 Million|
|Market Size by 2030||US$ 1149 Million|
|CAGR||CAGR of 6.0% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Polyurethane resin, Epoxy resin, Acrylic resin, Others (Alkyd and Silicone resin))
• By Technology (Water-based coatings, Solvent-based coatings, Nanotechnology-based coatings)
• By Substrate (Silver-based coatings, Aluminum-based coatings, Other)
• By End-use Industry (Architectural, Automotive & Transportation, Decorative, Solar power, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Casix, Inc., Guardian Glass, Cemex S.A.B. de C.V., Mader Group, Diamon-Fusion International, Inc., FENZI S.p.A, Pearl Nano, LLC, Ferro Corporation,Arkema Group, Glas Trosch Holding AG, and other players.|
|DRIVERS||• Mirror coatings are becoming more popular in the building and car industries.
• Technology for exploring space has come a long way.
|Restraints||• Water-based paints have some problems.
• Tough rules about pollution
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
end-use industries are the stake holder of this report
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Environmental problems and rules that are too strict and Water-based coatings can be a problem are the challenges faced by the Mirror Coatings Market.
Ans: Mirror coatings have been used more and more in the automotive, solar, and construction industries over the past decade and more.
Ans: Mirror Coatings Market Size was valued at USD 680.5 million in 2021, and expected to reach USD 1223.25 million by 2028, and grow at a CAGR of 6.0 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Mirror Coatings Market Segment, By Type
8.1 Polyurethane resin
8.2 Epoxy resin
8.3 Acrylic resin
8.4 Others (Alkyd and Silicone resin)
9.Mirror Coatings Market Segment, By Technology
9.1 Water-based coatings
9.2 Solvent-based coatings
9.3 Nanotechnology-based coatings
10.Mirror Coatings Market Segment, By Substrate
10.1 Silver-based coatings
10.2 Aluminum-based coatings
11.Mirror Coatings Market Segment, By End-use Industry
11.2 Automotive & Transportation
11.4 Solar power
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profile
13.1 Casix, Inc.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.2 Guardian Glass
13.3 Cemex S.A.B. de C.V.
13.4 Mader Group
13.5 Diamon-Fusion International, Inc.
13.6 FENZI S.p.A
13.7 Pearl Nano, LLC
13.8 Ferro Corporation
13.9 Arkema Group
13.10 Glas Trosch Holding AG
13.1.4 The SNS view
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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