The global mirror coatings market is forecast to reach USD 1,208.6 Million by 2026, according to a new report by Reports and Data. The market is rising rapidly as the demand for mirrors or mirror-like products are increasing year on year due to rise in temperature in hot and temperate countries and economic enhancement in the developing countries has helped the common people to spend a premium amount on the luxury home decorative furniture which mostly are incorporated with mirror coatings. The proliferation in the centralized air-conditioned buildings reduced keeping windows and increased the practice of using mirror coating glasses for several convenience and reasonable purposes.
The Asia Pacific region is forecasted to generate the highest revenue of USD 541.5 Million in the year 2026, owing to its extensive market penetration coupled with the rise in the customer base of automotive and extensive growth in building and construction industry in the developing economies such as India and Thailand.
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The materials and chemicals industry is rapidly gaining traction over the forecast period and is expected to expand significantly in the coming years. Technological advancements and rising innovation are key factors boosting global market growth. The global Mirror Coatings Market is projected to register robust revenue CAGR during the forecast period between 2021 and 2028. Increasing awareness about green energy and eco-friendly biodegradable products, environmental impact due to carbon emissions are few key factors supporting market growth. High demand for various chemicals and raw materials in various industrial sectors such as food and technology, pharmaceutical and biotechnology, manufacturing, paint and coating, paper, plastic among others. In addition, increasing research and development activities, growing demand for products like perfumes, soaps and detergents for daily usage along with rising disposable income across the globe are further boosting market growth.
Key participants include Fenzi, Ferro, Diamond-Fusion, Mader, Guardian Glass, Tianjin Xinlihua Color Materials Co. Ltd., Casix, The Sherwin-Williams, Grincoat, Vitro SAB de CV.
For the purpose of this report, Reports and Data have segmented the global Mirror Coatings market on the basis of the base material, type of resins, technology, applications, and region:
Base Material Outlook (Revenue, USD Million; 2016-2026)
Type of Resins Outlook (Revenue, USD Million; 2016-2026)
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Technology Outlook (Revenue, USD Million; 2016-2026)
Applications Outlook (Revenue, USD Million; 2016-2026)
Concentrating Solar Power (CSV) Panels
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