Theglobal mirrorcoatings market size was USD 782.7 million in 2023. The market is projectedto grow from USD 840.0 million in 2024 to USD 1,462.6 million by 2032 at a CAGR
of 7.2% during the forecast period.
Fortune Business InsightsTM has presented this information in its reporttitled, “Mirror Coatings Market,2024-2032”. The demand for the use of mirror coatings is rapidly increasingdue to the growth of the automotive & transportation, architectural,
decorative mirrors, and solar power industries. Increased demand from the
construction industry and rising uses in the solar power industry are
propelling the market forward.
COVID-19 Impact-
Pandemic-related Disruptions Affected MarketDynamics during 2020-2021
TheCOVID-19 pandemic has wreaked havoc on every region, industry, and facet of
life, and the mirror coatings industry is no exception. COVID-19's emergence,
as well as the accompanying economic slump, impacted most of the major end-use
industries, including construction, automotive, and solar, to name a few. Due
to the tight restrictions and restricted order intake, several coatings firms
have reported reducing production capacity and even temporarily shutting down
manufacturing plants around the world.
Segmentation-
Onthe basis of resin type, the market is divided into epoxy, polyurethane,
acrylic, and others. On the basis of formulation technology, the market is
segmented into solvent-based, water-based, and others. On the basis of the
end-use industry, the market is fragmented into solar power, architecture,
decorative, automotive & transportation, and others. Geographically, the
market is classified into Asia Pacific, North America, Europe, Latin America,
and the Middle East & Africa.
Report Coverage-
Themarket study examines the industry in-depth, focusing on critical elements such
as the industry's leading competitive landscape, products, and products. It
also provides market trends and highlights important industry developments. The
study includes different variables that have contributed to the market's growth
in recent years, in addition to the factors listed above. It examines the
industry's newest market dynamics and opportunities, as well as historical data
and revenue growth estimates at the global, regional, and country levels.
