Theglobal mirror coatings marketsize was USD 782.7 million in 2023. The market is projected to 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 haspresented this information in its report titled, “MirrorCoatings Market, 2024-2032”. The demand for the use of mirrorcoatings is rapidly increasing due 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-19Impact-
Pandemic-related DisruptionsAffected Market Dynamics during 2020-2021
The COVID-19 pandemic haswreaked 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-
On the 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.
ReportCoverage-
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.
