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Mirror Coatings Market by Resin Type, Technology, Substrate, Application -Global Forecast to 2022

Mirror Coatings Market: Forecast until 2022

  • February 2018
  • 143 pages
  • ID: 5343327
In this report:
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The mirror coatings market is estimated to rise at a compound annual growth rate of ~7.6 percent in terms of value between 2017 and 2022

The mirror coatings market is forecasted to grow from $618.40M in 2017 to $892.00M by 2022, at a compound annual growth rate of ~7.6 percent between 2017 and 2022. The industry includes mirror backing paints used in silver and aluminum mirrors. The increasing demand for mirror coatings across different applications, including architectural, automotive & transportation, and solar power is anticipated to fuel the rise of the mirror coatings market. Factors restraining the market increase contain high prices of end products which are used in the solar power sector.

Established on technology, the water-based segment is anticipated to lead the mirror coatings market during the outlook period

Established on technology, the water-based segment of the mirror coatings is forecasted to account for the biggest share, in terms of capacity, during the estimate period.The quality and strength of coatings manufactured using water-based technology depend on the use of raw materials, including resins, additives, and pigments.

Water-based coatings are used as a topcoat 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.

Established on application, the architectural segment is anticipated to lead the mirror coatings market

Established on application, the architectural segment recorded for the biggest share of the global mirror coatings market in 2016, in terms of quantity and value.The architectural application segment implies 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 Asia-Pacific; due to the increasing expenditure on commercial and residential buildings in the territory.

The mirror coatings market in Asia-Pac (APAC) is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period

Among localities, APAC is the quickest developing market for mirror coatings.The economic increase of emerging economies including China, India (IN), Taiwan, Indonesia (ID), Vietnam (VN), and Malaysia (MY) is driving the mirror coatings market in Asia-Pac.

China (CN) leads the mirror coatings market in Asia-Pac in terms of demand. Elements such as the availability of cheap labor and raw materials, lower taxes, and less stringent environmental regulations are driving the sector in China (CN).

Breakup of Primary Interviews:

• By Company category: Tier 1 - 65.0 percent, Tier 2 - 27.0 percent, and Tier 3 - 8.0 percent

• By Description: C-suite - 46.0 percent, D-level - 40.0 percent, and Others - 14.0 percent

• By Area: North America (NA) - 37.0 percent, EU - 21.0 percent, Asia Pacific (APAC) - 26.0 percent, South America area - 8.0 percent, and Middle East area & African continent - 8.0 percent

Arkema, Fenzi, Ferro Corporation, Sherwin-Williams Company, Vitro Architectural Glass, SunGuard, Diamon-Fusion International, Pearl Nano Mader, Tianjin Xin Lihua Color Materials, High Ding Industrial, and Casix are some of the main actors operating in the mirror coatings market.

Segment Research

This industry report offers in-depth segmentation of the mirror coatings market based on resin type, technology, substrate, application, and area.Established on resin type, the industry has been divided into polyurethane, epoxy, acrylic, and others.

Established on technology, the sector has been broken down into solvent-based, water-based, and nano coatings.Established on substrate, the industry has been split into silver and aluminum.

Established on application, the sector has been divided into architectural, automotive & transportation, solar power, decorative, and others. Established on area, the industry has been broken down into Asia Pacific, Europe (EU), North America continent, South America region, and Middle East (ME) & African continent.

Reasons to Buy the Report

From an insight prospect, this market research has emphasized several levels of analyses - industry, market share research of top players in the mirror coatings market, value chain study, and company descriptions. These insights together comprise and discuss the basic overviews on the competitive landscape, coming out and high-growth segments of the mirror coatings market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on mirror coatings provided by the top actors in the mirror coatings market

• Product Development/Modernizations: In-depth understanding on the next technologies, analysis & growth activities, and recent product launches in the mirror coatings market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the sector for mirror coatings across different regions

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the mirror coatings market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the mirror coatings market

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