Mirror Coatings Market - Forecast(2022 - 2027)

Report Code: CMR 16338 Report Format: PDF + Excel

Mirror Coatings Market Overview

Mirror Coatings Market is expected to be valued at $995.1 million by the end of the year 2026 growing at a CAGR of 6.5% during 2021-2026 forecast period. Rising adoption of concentrated solar power has surged the demand for mirror coatings. Mirror coating preserves the quality of overall products in terms of color, texture and durability. It is crucial for the products to have mirror coatings in order to avoid scratching, rusting, chemical erosion and abrasion etc. The various chemicals used to produce mirror coatings such as polyurethane, epoxy, acrylic etc., offer various advantages such as abrasion resistance, durability, easy maintenance, which is further driving the mirror coatings market. These coatings are also used for various purposes such as protection coating, reflective coating, refractive coating etc.

Impact of Covid-19

Amid the Covid-19 crisis, the mirror coatings market was hugely affected in terms of production, sales and distribution. Further the restrictions around the world in exports, imports, inter-state and inter-country sales pulled down the growth of the mirror coatings market. Though, the mirror coatings industry is expected to slow down in beginning of the year 2021, the mirror coatings market is expected to grow by the end of the year 2021. Even though Covid-19 has affected many industries, Mirror coating market will not be heavily affected and will regain the market share by end of the year 2021.

Report Coverage

The report: “Mirror Coatings Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Mirror Coatings Industry.
By Chemistry: Epoxy, Acrylics, Polyurethanes, Polycarbonates, and others.
By Mirror Surface: Silver, Aluminum, Copper, Gold, and others.
By Technology: Solvent-Based, Water-Based, Powder, and others.
By Application: LED Light, Scanners, Head-Mounted Displays (HMDs), Head-Up Displays (HUDs), Distance Measuring Devices, Telescope, and others.
By End Use Industry: Transportation, Building and Construction, Electricals and Electronics, Healthcare and Life Science, Solar, Telecommunications, Semiconductors, Optics, and others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia, South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific market is expected to hold the largest share in the mirror coatings market for the next few years owing to the surging demands for mirror coatings from various applications in countries such as India, China and South Korea.
  • Growing demand for mirror coating across various fields such as architecture, automotive and solar energy has led to the growth of Mirror coatings industry
  • Increase in Concentrated Solar Power (CSP) is also one of the important causes for growth in demand for mirror coatings.
  • The various advantages offered by mirror coatings such as protection and long-lasting quality is making it a hit among the users.

    FIGURE: Mirror Coatings Market Revenue (2020-2026) (US $ Billion)

    Mirror Coatings Market

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Mirror Coatings Market Segment Analysis – By Type 

Polyurethane held the largest share in mirror coatings market in 2020 and is expected to rise at the CAGR of 5.9% during the forecast period.. Polyurethane is set to change the trend post the COVID-19 through continuous redefining and redesigning. They are the most preferred type of chemical coating and is also extensively used in construction, CSP solar panels and decorative applications owing to its unique traits such as easy to clean, highly durable and are tough.

Mirror Coatings Market Segment Analysis – Mirror surface

Silver segment accounted for significant share in the mirror coatings market in the year 2020. They are also the most preferred surface in the construction and architectural industry. Silver coating is also preferred in cosmetics and the construction industry as they give a warmer and accurate image as compared to other coatings. Silver coating gives a more quality finish and lasts for a long time. In the visible and infrared spectral regions, Silver provides high reflectance, making it an excellent option for broadband applications that cover several spectral regions. Protective coatings decreases the propensity of silver to tarnish, but the coating also works best in conditions of low humidity.

Mirror Coatings Market Segment Analysis – Technology

Powder based technology held the significant share in mirror coatings market in the year 2020. It is also estimated to record the highest growth and lead the market for technology. This is linked to the increase in demand for powder coating in the solar power industry, which has preference for advanced materials. The solar industry has been growing rapidly in the recent years, which has eventually increased the demand for powder based mirror coating.

Mirror Coatings Market Segment Analysis – End-User Industry

The highest demand in this market comes from solar power industry and construction segment. Since solar power industry calls for advanced material, it completely relies on mirror coatings for extensive protection and quality. Solar power industry has grown drastically from the year 2019 and the growth seems to be a significant. This is also a good sign for the mirror coating industry. Construction segment has been in the rise in the present days and it has led to high demand for mirror coating. Booming automotive business in Countries such as China, India and Japan are contributing to the market expansion of mirror coating market worldwide. Amid the corona virus scare and economic stagnation, the relationship between China and other countries will determine the competition and opportunities in the future for Mirror coatings market. 

Mirror Coatings Market Segment Analysis – Geography

APAC dominated the mirror coatings market, with 35% market share during the year 2020, with countries like China, India and South Korea having a surging demand for mirror coatings in various sectors. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, and with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing gradual growth in the infrastructure industry and is expected to grow in the coming years too. 

Mirror Coatings Market Drivers

Rising demand of mirrors in construction industry

The modern day construction has changed and upgraded in many ways. Most of the constructions have been using mirrors as primary material. This is has suddenly increased the demand for mirror, which calls for mirror coating eventually. Most of the commercial buildings and some of the residential buildings these days are built with mirror and thus giving a big scope to the mirror coatings market. The construction industry is estimated to reach US$ 17.5 trillion by 2030 which is a progressive sign for the mirror coating industry as well.

Increased demand for CSP solar panels

With the growing knowledge about solar power, there has been a sudden surge in the use of solar power for electricity around the world. This has called out for advanced materials in solar power industry. Therefore, they use mirror coatings on solar panels for advanced and efficient performance. This has led to an increase in the demand for mirror coatings. Rising environmental awareness is a major reason for the high demand for mirror coating in solar power industry.

Mirror Coatings Market Challenges

High price of silver coating

The high prices of silver coatings could pose as a serious challenge to the mirror coatings market. The cost of silver coating is considerably higher thus being a hurdle in market expansion. Nevertheless, cosmetics industry prefer silver coatings over others as silver coating produces warmer images as compared to other coatings such as aluminium.

Stringent regulatory policies and environmental challenges

There are many regulatory policies on mirror coatings production. Mirror coatings producers need to comply with the government policies for safety and regulatory purposes. Slight non-compliance to any policies could invite huge penalties. Production of mirror coatings could release hazardous chemicals, which could pose as a threat to the environment. The heavy chemicals, if released into water bodies could destroy marine lives. Therefore, all these factors need to be considered properly before venturing into mirror coatings market.

Mirror Coatings Market Industry Landscape

Innovation, product development, acquisitions and mergers and expansion are some of the key strategies adopted by players in the mirror coatings Market. Major players in the Mirror coatings Market are Arkema, Fenzi, Sherwin-Williams Company, Tianjin Xin Lihua Color Materials, SunGuard, Pearl Nano, Mader, Casix, Vitro Architectural glass and Diamon-Fusion International (US) among others.

Acquisitions/Technology Launches

  • In October 2019, Arkema acquired Prochimir and Lambson, a leading 3D printing, composites, inks and coatings company. This acquisition will contribute in further strengthening the specialties iof Arkema in the coatings market.

Relevant Reports

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Code: CMR 52136

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1. Mirror Coatings Market- Market Overview
    1.1 Definitions and Scope
2. Mirror Coatings Market - Executive Summary
    2.1 Key trends by Chemistry
    2.2 Key trends by Mirror Surface
    2.3 Key trends by Technology
    2.4 Key trends by Application
    2.5 Key trends by End Use Industry
    2.6 Key trends by Geography
3. Mirror Coatings Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Mirror Coatings Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Mirror Coatings Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Mirror Coatings Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Mirror Coatings Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Mirror Coatings Market – By Chemistry (Market Size -$Million/Billion)
    8.1 Epoxy
    8.2 Acrylics
    8.3 Polyurethanes
    8.4 Polycarbonates
    8.5 Others
9. Mirror Coatings Market – By Mirror Surface (Market Size -$Million/Billion)
    9.1 Silver
    9.2 Aluminum
    9.3 Copper
    9.4 Gold
    9.5 Others
10. Mirror Coatings Market - By Technology (Market Size -$Million/Billion)
    10.1 Solvent-Based
    10.2 Water-Based
    10.3 Powder
    10.4 Others
11. Mirror Coatings Market - By Application (Market Size -$Million/Billion)
    11.1 LED Light
    11.2 Scanners
    11.3 Head Mounted Displays (HMDs)
    11.4 Head-up Displays (HUDs)
    11.5 Distance Measuring Devices
    11.6 Telescope
    11.7 Others
12. Mirror Coatings Market - By End-Use Industry (Market Size -$Million/Billion)
    12.1 Transportation
        12.1.1 Automotive
            12.1.1.1 Passenger cars
            12.1.1.2 Light commercial vehicles
            12.1.1.3 Heavy commercial vehicles
        12.1.2 Aerospace & Defense
        12.1.3 Marine
        12.1.4 Locomotive
    12.2 Building and Construction
        12.2.1 Residential construction
            12.2.1.1 Independent homes
            12.2.1.2 Row homes
            12.2.1.3 Large apartment buildings
        12.2.2 Non-Residential construction
            12.2.2.1 Hospitals
            12.2.2.2 Schools
            12.2.2.3 Hotels
            12.2.2.4 Retail
            12.2.2.5 Banks
            12.2.2.6 Airports
            12.2.2.7 Others
    12.3 Electricals & Electronics
    12.4 Healthcare and Life Science
    12.5 Solar
    12.6 Telecommunications
    12.7 Semiconductor
    12.8 Optics
    12.9 Others
13. Mirror Coatings Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 U.S
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Netherland
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zeeland
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 U.A.E
            13.5.1.3 Israel
            13.5.1.4 Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 Rest of Africa
14. Mirror Coatings Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Mirror Coatings Market – Market Share Analysis Premium
    15.1 Market Share at Global Level - Major companies
    15.2 Market Share by Key Region - Major companies
    15.3 Market Share by Key Country - Major companies
    15.4 Market Share by Key Application - Major companies
    15.5 Market Share by Key Product Type/Product category - Major companies
16. Mirror Coatings Market – Key Company List by Country Premium Premium
17. Mirror Coatings Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Mirror Coatings Market By Resin Type Market 2019-2024 ($M)
1.1 Polyurethane Market 2019-2024 ($M) - Global Industry Research
1.2 Epoxy Market 2019-2024 ($M) - Global Industry Research
1.3 Acrylic Market 2019-2024 ($M) - Global Industry Research
2.Global Mirror Coatings Market By Technology Market 2019-2024 ($M)
2.1 Water-Based Coatings Market 2019-2024 ($M) - Global Industry Research
2.2 Advantages of Water-Based Coatings Market 2019-2024 ($M) - Global Industry Research
2.3 Solvent-Based Coatings Market 2019-2024 ($M) - Global Industry Research
2.4 Nanotechnology-Based Coatings Market 2019-2024 ($M) - Global Industry Research
2.4.1 Silver Market 2019-2024 ($M)
2.4.2 Aluminum Market 2019-2024 ($M)
3.Global Mirror Coatings Market By Substrate Market 2019-2024 ($M)
4.Global Mirror Coatings Market By Resin Type Market 2019-2024 (Volume/Units)
4.1 Polyurethane Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Epoxy Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Acrylic Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Mirror Coatings Market By Technology Market 2019-2024 (Volume/Units)
5.1 Water-Based Coatings Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Advantages of Water-Based Coatings Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Solvent-Based Coatings Market 2019-2024 (Volume/Units) - Global Industry Research
5.4 Nanotechnology-Based Coatings Market 2019-2024 (Volume/Units) - Global Industry Research
5.4.1 Silver Market 2019-2024 (Volume/Units)
5.4.2 Aluminum Market 2019-2024 (Volume/Units)
6.Global Mirror Coatings Market By Substrate Market 2019-2024 (Volume/Units)
7.North America Mirror Coatings Market By Resin Type Market 2019-2024 ($M)
7.1 Polyurethane Market 2019-2024 ($M) - Regional Industry Research
7.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
7.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
8.North America Mirror Coatings Market By Technology Market 2019-2024 ($M)
8.1 Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
8.2 Advantages of Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
8.3 Solvent-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
8.4 Nanotechnology-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
8.4.1 Silver Market 2019-2024 ($M)
8.4.2 Aluminum Market 2019-2024 ($M)
9.North America Mirror Coatings Market By Substrate Market 2019-2024 ($M)
10.South America Mirror Coatings Market By Resin Type Market 2019-2024 ($M)
10.1 Polyurethane Market 2019-2024 ($M) - Regional Industry Research
10.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
10.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
11.South America Mirror Coatings Market By Technology Market 2019-2024 ($M)
11.1 Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
11.2 Advantages of Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
11.3 Solvent-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
11.4 Nanotechnology-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
11.4.1 Silver Market 2019-2024 ($M)
11.4.2 Aluminum Market 2019-2024 ($M)
12.South America Mirror Coatings Market By Substrate Market 2019-2024 ($M)
13.Europe Mirror Coatings Market By Resin Type Market 2019-2024 ($M)
13.1 Polyurethane Market 2019-2024 ($M) - Regional Industry Research
13.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
13.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
14.Europe Mirror Coatings Market By Technology Market 2019-2024 ($M)
14.1 Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
14.2 Advantages of Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
14.3 Solvent-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
14.4 Nanotechnology-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
14.4.1 Silver Market 2019-2024 ($M)
14.4.2 Aluminum Market 2019-2024 ($M)
15.Europe Mirror Coatings Market By Substrate Market 2019-2024 ($M)
16.APAC Mirror Coatings Market By Resin Type Market 2019-2024 ($M)
16.1 Polyurethane Market 2019-2024 ($M) - Regional Industry Research
16.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
16.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
17.APAC Mirror Coatings Market By Technology Market 2019-2024 ($M)
17.1 Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
17.2 Advantages of Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
17.3 Solvent-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
17.4 Nanotechnology-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
17.4.1 Silver Market 2019-2024 ($M)
17.4.2 Aluminum Market 2019-2024 ($M)
18.APAC Mirror Coatings Market By Substrate Market 2019-2024 ($M)
19.MENA Mirror Coatings Market By Resin Type Market 2019-2024 ($M)
19.1 Polyurethane Market 2019-2024 ($M) - Regional Industry Research
19.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
19.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
20.MENA Mirror Coatings Market By Technology Market 2019-2024 ($M)
20.1 Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
20.2 Advantages of Water-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
20.3 Solvent-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
20.4 Nanotechnology-Based Coatings Market 2019-2024 ($M) - Regional Industry Research
20.4.1 Silver Market 2019-2024 ($M)
20.4.2 Aluminum Market 2019-2024 ($M)
21.MENA Mirror Coatings Market By Substrate Market 2019-2024 ($M)

LIST OF FIGURES

1.US Mirror Coatings Market Revenue, 2019-2024 ($M)
2.Canada Mirror Coatings Market Revenue, 2019-2024 ($M)
3.Mexico Mirror Coatings Market Revenue, 2019-2024 ($M)
4.Brazil Mirror Coatings Market Revenue, 2019-2024 ($M)
5.Argentina Mirror Coatings Market Revenue, 2019-2024 ($M)
6.Peru Mirror Coatings Market Revenue, 2019-2024 ($M)
7.Colombia Mirror Coatings Market Revenue, 2019-2024 ($M)
8.Chile Mirror Coatings Market Revenue, 2019-2024 ($M)
9.Rest of South America Mirror Coatings Market Revenue, 2019-2024 ($M)
10.UK Mirror Coatings Market Revenue, 2019-2024 ($M)
11.Germany Mirror Coatings Market Revenue, 2019-2024 ($M)
12.France Mirror Coatings Market Revenue, 2019-2024 ($M)
13.Italy Mirror Coatings Market Revenue, 2019-2024 ($M)
14.Spain Mirror Coatings Market Revenue, 2019-2024 ($M)
15.Rest of Europe Mirror Coatings Market Revenue, 2019-2024 ($M)
16.China Mirror Coatings Market Revenue, 2019-2024 ($M)
17.India Mirror Coatings Market Revenue, 2019-2024 ($M)
18.Japan Mirror Coatings Market Revenue, 2019-2024 ($M)
19.South Korea Mirror Coatings Market Revenue, 2019-2024 ($M)
20.South Africa Mirror Coatings Market Revenue, 2019-2024 ($M)
21.North America Mirror Coatings By Application
22.South America Mirror Coatings By Application
23.Europe Mirror Coatings By Application
24.APAC Mirror Coatings By Application
25.MENA Mirror Coatings By Application
26.Fenzi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Ferro, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Arkema, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.The Sherwin-Williams, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Glas Trosch, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Diamond-Fusion, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Casix, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Sungard, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Pearl Nano, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Mader, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.High Ding Industrial, Sales /Revenue, 2015-2018 ($Mn/$Bn)