Mirror Coatings Market analysis by Fact MR identifies leading segments in terms of Resin, Technology, and Application. The study is intended to inform business about key trends influencing behavior pattern of consumers. It also offers recommendations to help them make informed decisions and navigate through unforeseen challenges.
Award-winning consulting firm Fact.MR has recently published a new report on the global mirror coatings market for the forecast period of 2021 to 2031. According to the study, the sales of Mirror Coatings market is anticipated to surge at a healthy CAGR of over 6% through 2031, reaching over US$ 1 billion in valuation.
Historically, the market posted credible gains, reaching nearly US$ 700 million in 2020, amid extensive uptake across the renewable energy generation sector, particularly solar cell panel manufacturing. As of 2019, global solar photovoltaics (PV) generation increased 22%, or 131 TWh, representing the second-largest absolute generation growth of all renewable technologies, according to an IEA report. Hence, manufacturers are leveraging mirror coatings to enhance energy generation capacities.
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Opportunities are also opening up across architectural applications, amid rising demand for commercial- and residential-grade infrastructure amid rapid urbanization.
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“Prominent mirror coating manufacturers are fulfilling the dual objective of enhancing the aesthetic value of existing infrastructure while simultaneously offering high reflective properties, prompting a flurry of product launches,” remarks a Fact.MR analyst.
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Prominent mirror coating manufacturers include Arkema Group, Ferro Corporation, Casix Inc., Mader Group, Guardian Glass, Cemex S.A.B, Diamon Fusion International Inc., FENZI S.p.A, Glas Trosch Holding AG, Pearl Nano LLC, The Sherwin-Williams Company, Vitro Architectural Glass, Zhejiang Hongding Industrial Co. Ltd., and Tianjin Xin Lihua Color Materials Co. Ltd.
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Fact.MR, in its new offering, presents an unbiased analysis of the mirror coatings market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of resin (polyurethane, acrylic, and epoxy), technology (solvent-based, water-based, and nano coatings) and application (architectural, automotive & transportation, decorative, and others), across five major regions of the world (North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa).
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