The global mirror coatings market is registering a significant growth in the market, owing to the increasing use of mirrors in various end-user industries and applications, as mirrors has become an integral part in various applications such as automotive, transportation, housing and others.

These coatings are created by vacuum deposition of interference layer and can be obtained by constructive interference. The perceived intensity of the coating on the mirror is dependent on the basic tint of the lens.

Mirror coatings are used to create effects on spectacle lenses ranging from light shimmer to a total mirror coating.

The mirror coatings market is segmented into polyurethane, epoxy, acrylic, and others. Among all these, polyurethane type category is expected to register the highest CAGR in the coming years, owing to its property of providing extreme durability.

This can be attributed to the growing preference of advanced materials in the solar power industry, which is pushing the manufacturers to invest in the technology for more innovative solutions, resulting in market growth.

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The mirror coatings market is classified into solvent-based coating, water-based coating, nano coating, and others. Of all these, nano coatings are predicted to witness the fastest growth in the market during the forecast period.

The mirror coatings market is segmented into silver, aluminum, and others. Among these, aluminum coating holds the largest share in the overall market. As aluminum coated mirrors are cheaper and easy to maintain.

The mirror coatings market is segmented into architectural, automotive and transportation, decorative, solar power, and others. The demand of mirrors is rising in every application; however the market is expected to witness the highest demand of these coatings in architectural applications.

Rising demand of mirrors in construction industry, increasing demand of these coatings in solar power industry are the major factors which are driving the mirror coatings market growth in recent years. The demands of mirrors are increasing significantly in the construction industry, owing to the increasing demand of more decorative buildings.

The cost of silver coatings is comparatively on the higher side. However silver coating based mirrors are preferred in the cosmetics industry as they provide warmer image as compared to aluminum mirrors.

Various players are investing in the market in order to capture the market in an efficient manner by providing innovative solutions and products to the consumers. Arkema Group, The Sherwin-Williams Company, Vitro, S.A.B. De C.V., Fenzi, Ferro, Tianjin Xin Lihua Color Materials Co., Ltd., Casix, Vitro, S.A.B. De C.V., Pearl Coating, and Mader Group are some of the key players operating in the mirror coatings market.

Source: VynZ Research