According to the publisher, the global mirror coatings market is expected to display a positive market trend during the projected duration of 2021-2028, while exhibiting a CAGR of 6.87%.
Glasses and mirrors are used extensively in residential and commercial constructions, for a range of applications. Therefore, there is a huge demand for mirror coatings from the construction industry. This is one of the primary factors driving the market growth. Further, there has been a rise in solar power projects in recent years, which is also contributing to market growth. In addition, there is a growing demand for heavy construction materials, which benefits market growth. However, factors like drawbacks associated with epoxy coatings and stringent regulations by the government are challenging the market growth process.
The Asia-Pacific market is expected to show the fastest growth rate globally in the years to come. This is because, Southeast Asian countries, such as Thailand, the Philippines, Hong Kong, Indonesia, Japan, Singapore, China, and South Korea, are major hubs for ship construction and repair. In addition, the easy availability of viable anti-corrosion solutions, low cost of labor, and strong regional shipping traffic help in boosting the maritime contribution of the APAC region to the coating industry. All these factors are driving the Asia-Pacific mirror coatings market towards growth.
Edmund Optics (EO) is one of the leading companies in the world manufacturing and supplying optics, imaging, and photonics technology. It serves a variety of markets, such as biomedical, life sciences, semiconductor, industrial inspection, defense, and R&D. The company designs and manufactures a broad range of optical components, multi-element lenses, imaging systems, and optomechanical equipment, among others. EO has a strong business presence globally, and develops close to 900 coating designs in its numerous facilities internationally.
Glasses and mirrors are used extensively in residential and commercial constructions, for a range of applications. Therefore, there is a huge demand for mirror coatings from the construction industry. This is one of the primary factors driving the market growth. Further, there has been a rise in solar power projects in recent years, which is also contributing to market growth. In addition, there is a growing demand for heavy construction materials, which benefits market growth. However, factors like drawbacks associated with epoxy coatings and stringent regulations by the government are challenging the market growth process.
REGIONAL OUTLOOK
The global market for mirror coatings is segmented into the Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.The Asia-Pacific market is expected to show the fastest growth rate globally in the years to come. This is because, Southeast Asian countries, such as Thailand, the Philippines, Hong Kong, Indonesia, Japan, Singapore, China, and South Korea, are major hubs for ship construction and repair. In addition, the easy availability of viable anti-corrosion solutions, low cost of labor, and strong regional shipping traffic help in boosting the maritime contribution of the APAC region to the coating industry. All these factors are driving the Asia-Pacific mirror coatings market towards growth.
COMPETITIVE OUTLOOK
The companies that have been mentioned in the market report include Accucoat Inc, Berliner Glas, Dynasil Corporation, Fosta-Tek Optics, Ophir Optronics Solutions Ltd, General Optics (Asia Limited), JML Optical, Mader, Zeiss International, Evaporated Coatings Inc, Guardian Glass, Edmund Optics Inc, Abrisa Technologies, Fenzi SpA, and Casix.Edmund Optics (EO) is one of the leading companies in the world manufacturing and supplying optics, imaging, and photonics technology. It serves a variety of markets, such as biomedical, life sciences, semiconductor, industrial inspection, defense, and R&D. The company designs and manufactures a broad range of optical components, multi-element lenses, imaging systems, and optomechanical equipment, among others. EO has a strong business presence globally, and develops close to 900 coating designs in its numerous facilities internationally.
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Report Attribute | Details |
---|---|
No. of Pages | 188 |
Published | March 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 488.35 million |
Forecasted Market Value ( USD | $ 777.53 million |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
Table of Contents
1. Global Mirror Coatings Market - Summary
2. Industry Outlook
3. Global Mirror Coatings Market – by Resin Type
4. Global Mirror Coatings Market - by Technology
5. Global Mirror Coatings Market - by Substrate
6. Global Mirror Coatings Market - by Industry Vertical
7. Global Mirror Coatings Market – Regional Outlook
8. Competitive Landscape
9. Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abrisa Technologies
- Accucoat Inc
- Berliner Glas
- Casix
- Dynasil Corporation
- Edmund Optics Inc
- Evaporated Coatings Inc
- Fenzi Spa
- Fosta-Tek Optics
- General Optics (Asia Limited)
- Guardian Glass
- Jml Optical
- Mader
- Ophir Optronics Solutions Ltd
- Zeiss International
Methodology
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