The report "Mirror Coatings Market
by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent and
Water-Based, Nano Coatings), Substrate (Silver, Aluminium), Application
(Architectural, Automotive & Transportation, Decorative, Solar
Power)-Global Forecast to 2022 "
The mirror coatings market is estimated to be USD 618.4
Million in 2017 and is projected to grow at a CAGR of 7.60% between 2017
and 2022 to reach USD 892.0 Million by 2022, in terms of value.
The market includes mirror backing paints used in silver and aluminum mirrors. Mirror coatings are protective coatings used against abrasion, chemical corrosion, scratching, rusting, and others for mirror coatings products. Various applications of mirror coatings include architectural, automotive & transportation, decorative solar power, and others.
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The market includes mirror backing paints used in silver and aluminum mirrors. Mirror coatings are protective coatings used against abrasion, chemical corrosion, scratching, rusting, and others for mirror coatings products. Various applications of mirror coatings include architectural, automotive & transportation, decorative solar power, and others.
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Based on resin type, the polyurethane segment
led the mirror coatings market in 2016 and is expected to grow at the
highest CAGR during the forecast period
Polyurethane resins are made from reacting
polyalcohol and organic di-isocyanate. Polyurethane resin-based coatings
are easy to clean, highly durable, and are tough. Polyurethane resin
coatings are preferred in various applications worldwide, owing to these
properties. Polyurethane resin-based coatings are also used across
various applications, such as architectural, CSP solar panels decorative
mirror, and others. Polyurethane resins are used as topcoats in mirror
coatings which are usually applied over the primer to attain a long-term
protective coating.
Based on technology, the nano coatings
segment of the mirror coatings market is expected to grow at the highest
CAGR during the forecast period
The nano coatings segment is projected to witness
high growth in the next five years. The growing CSP solar power industry
is expected to boost the nano coatings segment during the forecast
period. Nano coatings protect substrates from corrosion, rusting, and
microbial attack. These coatings are dirt or water repellent,
scratchproof, temperature-resistant, and emit low VOC emissions.
The mirror coatings market in Asia Pacific is projected to grow at the highest CAGR during the forecast period
The mirror coatings market in Asia Pacific is
expected to grow at the highest CAGR during the forecast period, due to
the rising demand for mirror coatings from emerging economies, such as
India, China, South Korea, Vietnam, Taiwan, and Singapore in this
region. China is the leading market for mirror coatings in APAC. The
growth of various applications, such as architectural, automotive &
transportation, and CSP solar power is driving the mirror coatings
market in China.
Arkema (France), Fenzi (Italy), Ferro Corporation
(US), Sherwin-Williams Company (US), Vitro Architectural Glass (Mexico),
Sunguard (Guardian Glass) (US), Diamon-Fusion International (US), Pearl
Nano (US) Mader (France), Tianjin Xin Lihua Color Materials (China),
High Ding Industrial (Grincoat) (Taiwan), and Casix (China) are some of
the key players operating in the mirror coatings market.
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