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.

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. These coatings are created by vacuum deposition of interference layer and can be obtained by constructive interference.

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.

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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.

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.

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. Hence the increasing demand of mirrors is driving the coatings demand, contributing towards the market growth.

Asia-Pacific is projected to register the highest growth in the global market, which can be attributed to the growing and expanding construction industry in the region, owing to meet the demand of increasing population.

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

Source: VynZ Research