According to the latest report by IMARC Group “Mirror Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global mirror coatings market reached a value of US$ 642 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 967 Million by 2027, exhibiting a CAGR of 7.2% during 2022-2027.

Mirror coating is the process of vacuum deposition of reflective materials on polished surfaces. It comprises aluminum, gold, silver, chrome, dark chrome, copper, nickel, titanium, and dielectric coating. It is utilized in coating lenses or glasses, which are required in outdoor sports and adventures, such as golf, skiing, and hiking, to decrease light transmission by minimizing harmful wavelengths from reaching the eyes. It enables sunglasses to enhance sun protection by optimizing the useful light that passes via the lens and guarding against harmful visible light. In addition, the mirror coating is applied in astronomical telescope mirrors by using thin layers of various metals that are reflectors of visible light. As a result, it finds extensive applications in the construction, automotive, solar power, healthcare, and architecture industries across the globe.

Request for a free sample copy of this report: https://www.imarcgroup.com/mirror-coatings-market/requestsample

Market Trends:

The rising demand for mirror coatings in the production of solar cells due to the increasing environmental awareness among the masses represents one of the key factors driving the market. Besides this, mirror-coated lenses are used in solar power systems to generate renewable energy and enhance the thermal efficiency of the systems. Along with this, the escalating demand for solar power systems to decrease the carbon footprint and harmful emissions positively influences the market.

In addition, the increasing utilization of mirrors in industrial constructions as a structural unit, insulation material, and cladding element is contributing to the growth of the market. Apart from this, mirror coatings are extremely effective in reflecting light and protecting the surface of buildings from chemical degradation and abrasion. This, coupled with the growing employment of mirror coatings to retain the color, texture, and strength of structures, is creating a positive outlook for the market.

Additionally, there is an increase in the utilization of mirror coatings on residential and commercial buildings to keep them cool under high temperatures and reduce heating, ventilation, and air conditioning (HVAC) operation costs around the world. This, in confluence with the burgeoning construction industry, is strengthening the growth of the market. Besides this, the rising application of smart mirrors inthe retail industry with enhanced technology, such as gesture recognition, artificial intelligence (AI), and augmented reality (AR), is propelling the growth of the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce high-quality silver coatings for decorating molding products, which is expected to bolster the growth of the market in the coming years.

Breakup by Resin Type:

• Epoxy

• Acrylic

• Polyurethane

• Others

Breakup by Technology:

• Nano Coatings

• Solvent-Based

• Water-Based

Breakup by Substrate:

• Silver

• Aluminium

• Others

Breakup by End User:

• Building and Construction

• Automotive and Transportation

• Energy

• Others

Market Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

Competitive Landscape with Key Player:

• Arkema S.A.

• CASIX (Fabrinet)

• Diamon-Fusion International Inc.

• Dynasil Corporation

• Edmund Optics Inc.

• FENZI S.p.A.

• Ferro Corporation

• Guardian Glass LLC (Koch Industries Inc.)

• Pearl Nano LLC

• The Sherwin-Williams Company

• Tianjin Xin Lihua Color Materials Co. Ltd (NBC)

• Vitro S.A.B. de C.V.

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4470&flag=C

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal