The Global Mirror Coatings Market Likely to Progress with 6.87% of CAGR by 2028

Triton Market Research presents the Global Mirror Coatings Market report segmented by Resin Type (Polyurethane; Epoxy; Acrylic; Others), by Technology (Solvent-based; Water-based; Nanocoatings), by Substrate (Silver; Aluminum; Other Substrates), by Industry Vertical (Building and Construction; Automotive and Transportation; Energy; Other Industry Verticals), by Geographical Region (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa), discussing Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Key Market Strategies, Drivers, Restraints, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).
Triton's report on the Global Mirror Coatings Market has put forth that this industry will evolve at a CAGR of 6.87% in revenue) over the forecasting duration from 2021-2028.

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Mirrors are used extensively in the building & construction industry, in both decorative and building material. They find applications in both commercial and residential buildings. Mirror glasses are used primarily in commercial construction, but even in residential construction, they are used in dressing rooms and washrooms, along with other decorative applications. Thus, the growing demand from the construction industry is fueling the growth of the mirror coatings industry. However, stringent regulations by the government and the drawbacks associated with the use of epoxy coatings, are hampering the development of the market.

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The market in the Asia-Pacific is expected to grow the fastest at the global level, in the years to come. In this region, India is expected to exhibit the fastest growth rate. In the 2019 summit, the nation's shipping minister announced that the government would invest $11.8 billion for national maritime development. The growing investment in the marine industry will significantly boost the demand for anti-corrosion coating, and, in turn, the growth of the mirror coatings market in the projected period.
Guardian Glass, Fosta-Tek Optics, General Optics (Asia Limited), JML Optical, Fenzi SpA, Zeiss International, Mader, Accucoat Inc, Abrisa Technologies, Berliner Glas, Casix, Ophir Optronics Solutions Ltd, Edmund Optics Inc, Dynasil Corporation, and Evaporated Coatings Inc are the eminent players present in this industry.
There are no substitutes available for mirror coatings, as the reflectivity property of these materials needed to impart onto the glass, can only be imparted by mirror coatings, and no other technique. The global market for mirror coatings is consolidated in nature, given the presence of only a handful of major manufacturers. And as innovation in the field is a negligible parameter, the level of competition among the big players is high. Moreover, the well-devised competitive strategies on the part of the existing players are strengthening their market position. Overall, the intensity of competition among players is moderately high in the market.

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