In a recent analysis, Fact.MR, an award-winning consulting organization, examined the global mirror coatings market for the years 2021 to 2031. The report projects that the market will grow at a robust CAGR of more than 6% through 2031, when it is expected to be valued at more than US$ 1 billion.

In the past, the market has shown promise, rising to around US$ 700 million in 2020 as a result of widespread adoption in the production of solar cell panels and other renewable energy sources. According to an IEA report, as of 2019, the world's PV generation grew by 22%, or 131 TWh, making it the second-largest absolute generation growth among all renewable technologies. As a result, producers are using mirror coatings to increase the potential for energy production.

As a result of the fast urbanization and growing demand for residential and commercial-grade infrastructure, opportunities are also emerging for various architectural applications.

For example, Euramax provides a wide range of coated metal mirror-based exterior building cladding systems. It is the ideal substitute for polished stainless steel, removing the risk of corrosion and providing better external durability.
Edmund Optics, on the other hand, produces a broad variety of precision spherical, parabolic, and flat mirrors using a variety of substrate materials.
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Mirror Coatings Market Report Also Addresses:

Forecasts and Estimates for the Market (2016–2031)
Important Impulsors and Limitations Analysis of the Factors Affecting Market Growth by Sector, Country, and Region
Brand Share and Market Share Analysis, Competition Mapping and Benchmarking
Important Product Advances and the State of Regulations
COVID-19's Effect on Mirror Coating Sales and How to Follow the Advice on Crucial Winning Techniques
Read More: https://www.factmr.com/report/mirror-coatings-market

How is Increased Solar Power Reliance Heightening Mirror Coatings Demand?

The use of solar energy is expanding quickly worldwide. According to the Solar Energy Industries Association (SEIA), the use of solar energy increased by 42% in the United States alone during the preceding ten years. By 2020, more than 10,000 companies employ over 230,000 Americans in the solar industry.

In addition, the International Energy Agency (IEA) calculated that the generation of concentrated solar power rose by almost 34% in 2019, totaling 629 GW of generation. As a result, there is a growing need for mirror coatings in the production of solar cell panels, which has potential growth prospects.

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Key Takeaways from Market Study

Through2031, resin-based acrylic mirror coatings are expected to grow at a CAGR of more than 6%.
Polyurethane mirror coating demand is expected to rise significantly, reaching around US$ 600 million by 2031.
Technologically speaking, nano mirror coatings are expected to command a large portion of the market.
Given the rapid expansion of infrastructure, demand for architectural applications is projected to continue particularly robust.
The U.S. market, which was estimated to be worth US$ 190 million in 2020, is expected to rise significantly.
China's economy would grow at an astounding rate of about 10% by 2031, surpassing the US$ 200 million valuation.
How Will the U.S. Generate Opportunities for Mirror Coating Manufacturers?

The mirror coatings industry in the United States was projected to be worth around US$ 190 million in 2020 and is anticipated to increase significantly over the next ten years. Future growth prospects are becoming more favorable due to the widespread adoption of solar power generating.

Furthermore, development in the United States is anticipated to be fueled by the growing usage of backing paints in aluminum and silver mirrors as well as the increasing adoption of polyurethane mirror coatings in commercial structures.

Key Market Segments Covered
Resin

Polyurethane Mirror Coatings
Acrylic Mirror Coatings
Epoxy Mirror Coatings
Technology

Solvent-based Mirror Coatings
Water-based Mirror Coatings
Nano Mirror Coatings
Application

Mirror Coatings for Architectural Applications
Mirror Coatings for Automotive & Transportation
Mirror Coatings for Decorative Applications
Mirror Coatings for Other Applications
Mirror Coatings Market - Competitive Landscape

Leading producers of mirror coatings rely on a variety of growth tactics, such as strategic alliances with other companies, M&A transactions, and the introduction of new, specialized products.

With the collaboration of Arkema Group and Cool Roof France in December 2020, the latter was granted licencing access to Arkema Group's Kynar Aquatec® PVDF resin, which improved the delivery of high-performance building cooling solutions utilizing reflecting glass technology.
FENZI S.p.A. announced in April 2021 that it has reached a deal with Arsenal Capital Partners to assist raise more money for the company's flat glass processing business expansion. This will allow the company to grow both geographically and in its core business.
Key Companies Profiled

Arkema Group
Ferro Corporation
Casix Inc.
Mader Group
Guardian Glass
Cemex S.A.B
Diamon Fusion International Inc.
FENZI S.p.A
Glas Trosch Holding AG
Pearl Nano LLC
The Sherwin-Williams Company
Vitro Architectural Glass
Zhejiang Hongding Industrial Co. Ltd.
Tianjin Xin Lihua Color Materials Co. Ltd.
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