Mirror Coatings Market 2020-2027

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Mirror Coatings Market, By Resin Type, Trend
Analysis, Competitive Market Share
Forecast, 2020-2027
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Mirror Coatings Market - Industry Trends
Forecast Report 2027 A recent study conducted by
the strategic consulting and market research
firm, BlueWeave Consulting, revealed that
the global mirror coatings market was worth USD
671.1 million in the year 2020. The market is
estimated to grow at a CAGR of 9.8, earning
revenue of around USD 1,270.0 million by the end
of 2027. onstruction activities, flourishing
automotive and transportation as well as rising
demand for solar power. However, the growth is
restrictive because of the high costs of mirror
coatings as well as the high risk of degradation
of the metals used for the coatings.
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Growth Drivers  Flourishing Building and
Construction Sector The construction of various
commercial and non-commercial buildings has
significantly influenced the growth of the global
mirror coatings market. Buildings nowadays are
primarily using mirrors, due to which the demand
for mirror coatings has surged. Governments,
especially of emerging economies, are taking
various initiatives to construct residential
buildings, offices, hospitals, etc. Mirrors are
added to the outside wall of the building to keep
the inner surface and the interior environment of
the building cool. It also gives an aesthetic
look to the buildings.
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Restraints  High Exposure to Degradation A thin
layer of metal is used to make mirrors highly
reflective since metal is more conductive than
glass. Silver, aluminum, copper, gold, beryllium,
and other metals are commonly used for this
purpose. However, these metals carry a high risk
of degradation. Unless kept in a dry,
contamination-free environment, silver loses its
luster fast, usually within a month or two.
Additionally, metals like aluminum and gold are
highly stable. However, under high exposure, they
become very sensitive. This kind of disadvantage
may restrict the growth of the global mirror
coatings market.
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Impact of COVID-19 in industry The sudden
breakout of the COVID-19-induced pandemic halted
the operations of almost all industries. The
global coatings market too had to undergo
disastrous effects because of the COVID-19.
Because of a lockdown imposed by countries to
curb the spread of the virus, the operations of
major end-users in this market such as the
construction, automotive, solar power, and
transportation industry, were disrupted. As a
result, the demand for mirror coatings declined
significantly, affecting the business revenue of
the market players negatively.
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Regional Insight Geographically, the global
mirror coatings market is segmented into North
America, Europe, Asia-Pacific, Latin America,
Middle-East Africa. Among all the regions, the
Asia-Pacific region accounts for the largest
market share in this market. The flourishing
construction activities in developing countries
like India, China, Japan, etc., are pulling the
demand for mirror coatings. Furthermore, the
presence of several industry players like Tianjin
Xin Lihua Color Materials Co. Ltd, High Ding
Industrial, etc. in this region further propels
the growth of the mirror coatings market.
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Competitive landscape The leading market players
of the global mirror coatings market are Tianjin
Xin Lihua Color Materials Co. Ltd, Arkema Group,
The Sherwin-Williams Company, CASIX, PearlNano
LLC, Diamon-Fusion International Inc., North
American Coating Laboratories, Dynasil
Corporation, GUARDIAN GLASS, Edmund Optics Inc.,
General Optics (Asia) Limited, FENZI SpA, High
Ding Industrial, Mader, GlasTrösch, Ferro, Vitro,
S.A.B. De C.V., SunGaurd, Grincoat, and other
prominent players. Sample copy
https//www.blueweaveconsulting.com/report/global
-mirror-coatings-market/report-sample
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