Mirror and Anti-corrosive Mirror Coatings Market Overview On Revolutionary Trends
Mirror and Anti-corrosive Mirror Coatings
Market: Introduction
Transparency
Market Research delivers key insights on the global mirror
and anti-corrosive mirror coatings market. In terms of revenue, the
global mirror and anti-corrosive mirror coatings market is estimated to expand
at a CAGR of 6.1% during the
forecast period, owing to numerous factors, regarding which TMR offers thorough
insights and forecasts in its report on the global mirror and anti-corrosive
mirror coatings market. The global mirror and anti-corrosive mirror coatings
market is broadly affected by several factors including increase in usage of
mirror and anti-corrosive mirror coatings in various applications including
architectural, automotive & transportation, solar power, and decorative.
The rise in
the global demand for polyurethane anti-corrosive mirror coating and epoxy
anti-corrosive mirror coatings has led to significant growth in usage of mirror
and anti-corrosive mirror coatings. The increase in the production and demand
for acrylic anti-corrosive mirror coatings is expected to be the primary driver
of the global mirror and anti-corrosive mirror coatings market. The growth in
architectural, automotive & transportation, and decorative applications is
also propelling the demand for mirror and anti-corrosive mirror coatings.
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Mirror and Anti-corrosive Mirror Coatings
Market: Dynamics
Mirror
coatings are mirror-backing paints used in silver and aluminum mirrors for
optical reflection. These coatings preserve the quality of overall finished
products in terms of durability, color, and texture. Metal plating is one of
the widely used methods of mirror coating. The procedure of application of
reflective layer in second surface mirrors is called silvering. In second
surface mirrors, the metal plating is done on the back surface of the
substrates. After metal coating, the layer of protective coating is applied; as
a result, second surface mirrors are secured from both the sides.
Mirror
coatings offer protection against abrasion, scratching, rusting, chemical
corrosion, etc.
Based on
resin type, the polyurethane segment dominated the global mirror and
anti-corrosive mirror coatings market in 2020. This can be
primarily ascribed to the increase in demand for mirror and anti-corrosive
mirror coatings in various applications including architectural, automotive
& transportation, solar power, decorative and others. The global
architectural sector is expected to expand considerably during the forecast
period. Thus, rise in production of architectural, automotive &
transportation, decorative and others is projected to boost the demand for
mirror and anti-corrosive mirror coatings during the forecast period.
Manufacturers
are focusing on the architectural applications, as the share held by this
segment in the mirror and anti-corrosive mirror coatings market is likely to
increase during the forecast period.
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Mirror and Anti-corrosive Mirror Coatings
Market: Prominent Regions
Asia Pacific
holds the major share of the global mirror and anti-corrosive mirror coatings
market. The market in the region is anticipated to expand at a CAGR of more
than 6.6% during
the forecast period. Increase in demand for mirror and anti-corrosive mirror
coatings in various applications such as architectural and automotive &
transportation is driving the mirror and anti-corrosive mirror coatings market
in Asia Pacific. China is a key country of the mirror and anti-corrosive mirror
coatings market in Asia Pacific. It held significant share of the mirror and
anti-corrosive mirror coatings market in Asia Pacific in 2020.
The country is estimated to maintain its dominant position in the region during
the forecast period.
Europe is
also a prominent region of the global mirror and anti-corrosive mirror coatings
market. Germany led the mirror and anti-corrosive mirror coatings market in
Europe in 2020. Increase in demand for mirror and
anti-corrosive mirror coatings in architectural and decorative applications is
driving the market in Germany..
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Mirror and Anti-corrosive Mirror Coatings
Market: Major Players
The global
mirror and anti-corrosive mirror coatings market is consolidated, with the
presence of key players. Prominent players operating in the global mirror and
anti-corrosive mirror coatings market include Asahi India Glass Limited, Suyog
Glass Industries, PGP Glass Private Limited, Saint-Gobain, JB Glass,
Pilkington, SCHOTT AG, Vitro, AGC Inc., Tuffx Glass, TPRS, FENZI S.p.A.,
Thorlabs Inc., JENOPTIK, Dynasil Corporation, Tianjin Xin Lihua Color Materials
Co., Ltd, The Sherwin-Williams Company, Newport Thin Film Laboratory, Inc., and
AccuCoat inc.
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