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Mirror Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

May 2022 | 145 pages | ID: M054657F9E4DEN
IMARC Group

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The global mirror coatings market reached a value of US$ 642 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 967 Million by 2027, exhibiting a CAGR of 7.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Mirror coatings are thin metallic layers applied to polished surfaces to reflect light. They are produced using vacuum evaporation or sputtering technique on glass and metals, such as aluminum, gold, copper and silver, along with beryllium, copper and chrome. Mirror coatings are commonly available in solvent-based, water-based and nanocoating variants. These coatings provide protection against scratches, abrasion, oxidation and chemical corrosion. They are widely used in the light-emitting diode (LED) light reflectors, deflection mirrors of scanners, prisms, telescopic mirrors, head-mounted displays (HMDs) and distance measuring devices. As a result, mirror coatings find extensive applications across various industries, including automotive, construction, healthcare, transportation, solar power and energy.

Mirror Coatings Market Trends:
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Mirror coatings are widely applied on architectural and decorative mirrors in walls, kitchens, saloons, bathrooms, doors, and bars of residential and commercial complexes. Moreover, the widespread adoption of concentrated solar power (CSP) panels for focusing sunlight and generating steam to drive the power turbines is providing a thrust to the market growth. CSPs require durable, cost-effective, lightweight and long-term protective polyurethane mirror coatings that are applied through liquid-metal thin-film deposition techniques. Additionally, the development of innovative nanocoatings is acting as another growth-inducing factor. These coatings are dirt- and water-repellent, scratchproof, temperature- and corrosion-resistant and emit a low amount of volatile organic compounds (VOCs). Other factors, including the increasing adoption of mirror coatings in wastewater treatment plants, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global mirror coatings market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on resin type, technology, substrate and end user.

Breakup by Resin Type:

Epoxy
Acrylic
Polyurethane
Others

Breakup by Technology:

Nano Coatings
Solvent-Based
Water-Based

Breakup by Substrate:

Silver
Aluminium
Others

Breakup by End User:

Building and Construction
Automotive and Transportation
Energy
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., CASIX (Fabrinet), Diamon-Fusion International Inc., Dynasil Corporation, Edmund Optics Inc., FENZI S.p.A., Ferro Corporation, Guardian Glass LLC (Koch Industries Inc.), Pearl Nano LLC, The Sherwin-Williams Company, Tianjin Xin Lihua Color Materials Co. Ltd (NBC) and Vitro S.A.B. de C.V.
Key Questions Answered in This Report:
How has the global mirror coatings market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global mirror coatings market?
What are the key regional markets?
What is the breakup of the market based on the resin type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the substrate?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global mirror coatings market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL MIRROR COATINGS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY RESIN TYPE

6.1 Epoxy
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Acrylic
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Polyurethane
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Nano Coatings
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Solvent-Based
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Water-Based
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY SUBSTRATE

8.1 Silver
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Aluminium
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY END USER

9.1 Building and Construction
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Automotive and Transportation
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Energy
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Others
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Arkema S.A.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 CASIX (Fabrinet)
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Diamon-Fusion International Inc.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Dynasil Corporation
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
  15.3.5 Edmund Optics Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 FENZI S.p.A.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Ferro Corporation
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 Guardian Glass LLC (Koch Industries Inc.)
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Pearl Nano LLC
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 The Sherwin-Williams Company
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 Tianjin Xin Lihua Color Materials Co. Ltd (NBC)
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Vitro S.A.B. de C.V.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Mirror Coatings Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Mirror Coatings Market Forecast: Breakup by Resin Type (in Million US$), 2022-2027
Table 3: Global: Mirror Coatings Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Mirror Coatings Market Forecast: Breakup by Substrate (in Million US$), 2022-2027
Table 5: Global: Mirror Coatings Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Mirror Coatings Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Mirror Coatings Market: Competitive Structure
Table 8: Global: Mirror Coatings Market: Key Players

LIST OF FIGURES

Figure 1: Global: Mirror Coatings Market: Major Drivers and Challenges
Figure 2: Global: Mirror Coatings Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Mirror Coatings Market: Breakup by Resin Type (in %), 2021
Figure 5: Global: Mirror Coatings Market: Breakup by Technology (in %), 2021
Figure 6: Global: Mirror Coatings Market: Breakup by Substrate (in %), 2021
Figure 7: Global: Mirror Coatings Market: Breakup by End User (in %), 2021
Figure 8: Global: Mirror Coatings Market: Breakup by Region (in %), 2021
Figure 9: Global: Mirror Coatings (Epoxy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Mirror Coatings (Epoxy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Mirror Coatings (Acrylic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Mirror Coatings (Acrylic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Mirror Coatings (Polyurethane) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Mirror Coatings (Polyurethane) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Mirror Coatings (Other Resin Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Mirror Coatings (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Mirror Coatings (Nano Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Mirror Coatings (Nano Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Mirror Coatings (Solvent-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Mirror Coatings (Solvent-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Mirror Coatings (Water-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Mirror Coatings (Water-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Mirror Coatings (Silver) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Mirror Coatings (Silver) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Mirror Coatings (Aluminium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Mirror Coatings (Aluminium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Mirror Coatings (Other Substrates) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Mirror Coatings (Other Substrates) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Mirror Coatings (Building and Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Mirror Coatings (Building and Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Mirror Coatings (Automotive and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Mirror Coatings (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Mirror Coatings (Energy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Mirror Coatings (Energy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Mirror Coatings (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Mirror Coatings (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Mirror Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Mirror Coatings Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Mirror Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Mirror Coatings Industry: SWOT Analysis
Figure 87: Global: Mirror Coatings Industry: Value Chain Analysis
Figure 88: Global: Mirror Coatings Industry: Porter's Five Forces Analysis


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