Global Mirror Coatings Market size is expected to reach USD 979.6 Million in 2028 and register a revenue CAGR of 6.3% over the forecast period, according to a latest report by Reports and Data. Rising demand for for long-lasting mirror glass in the contruction industry is expected to drive market revenue growth during the forecast period. In addition, inclining adoption of silver Global Mirror Coatings is expected to boost revenue growth of the market going ahead. Silver Global Mirror Coatings are made according to different wavelengths of the spectrum. Mirror glasses are extremely fragile without a protective covering, requiring extra care and attention while handling and cleaning. Mirror glasses with silver coatings enables proper handling, increases durability, and protects against oxidation without affecting performance. Additionally, silver coatings can be designed to increase reflectance of the mirror in particular wavelength of the sunlight. Reflecting properties of silver Global Mirror Coatings make these ideal for applications covering various spectral ranges including visible and infrared applications. In addition, silver coatings are used as plasma-enhanced barriers, preventing high reflection and absorbency. These factors are expected to boost revenue growth of the global Global Mirror Coatings market during the forecast period.
However, rising concerns regarding stringent regulatory policies and environmental challenges are factors that could hamper revenue growth of the global Global Mirror Coatings market during the forecast period. Manufacturers operating in the global Global Mirror Coatings market are facing legal and environmental challenges as governments of various countries across the globe are focusing on Volatile Organic Compounds (VOCs) usage regulations. VOCs are released into the environment during drying process of solvent-based coatings, which have hazardous impact on the environment. As a result, governments have implemented stringent regulations promoting use of environmentally friendly and green products. Thus, various manufacturers are focusing on production of environmentally friendly coatings with low VOC levels due to strict regulations imposed by various regulatory bodies including the European Union's Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), the United States Environmental Protection Agency (USEPA), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities.
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Key Players Profiled in the Report Include:
The Sherwin-Williams Company, Arkema S.A, Vitro Architectural Glass, Ferro Corporation, CASIX Inc., FENZI S.p.A, Guardian Glass LLC, PearlNano LLC, Diamon-Fusion International, Inc. (DFI), and Tianjin Xin Lihua Color Materials Co. Ltd.
Some Key Highlights in the Report
Polyurethane segment is expected to account for largest revenue share in the global Global Mirror Coatings market between 2021 and 2028, owing to rising awareness regarding benefits offered such as long-lasting and easy-to-clean functionalities resulting in higher demand for polyurethane Global Mirror Coatings, and increasing use of polyurethane Global Mirror Coatings to achieve long-term protective layers.
Nanotechnology-based coatings segment is expected to register significantly steady revenue growth over the forecast period, due to rising demand for concentrated solar panels.
The Asia Pacific Global Mirror Coatings market is expected to account for largest revenue share in the global market over the forecast period. Strong presence of major mirror glass manufacturers in countries in the region, increasing adopting nanotechnology-based coatings, and rapidly growing end-use industries are factors expected to drive revenue growth of the market in Asia Pacific.
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Market Overview:
The materials and chemicals industry is rapidly gaining traction in the last few years and is expected to register significant revenue growth throughout the forecast period. Raw material and chemicals are widely used across various industrial sector such as biotechnology and pharmaceutical, paper and pulp, food and beverages, agriculture, chemical and medical. Revenue growth of the global Global Mirror Coatings market is significantly driven by factors such as increasing investments by various market players to develop and launch enhanced products, rapid urbanization and industrial developments, rising per capita income and increasing adoption of green energy. In addition, rising funds by private and public organizations for equipment and rising adoption of biodegradable products due to increasing awareness about carbon emission concerns is further boosting market growth.
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Type of Resins Outlook
Polyurethane
Epoxy
Acrylic
Others
Applications Outlook
Building and Construction
Automotive and Transportation
Solar Power
Decorative
Others
Regional Perspective:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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