United States Mirror Coatings Market Size, Share, and COVID-19 Impact Analysis, By Resin Type (Polyurethane, Epoxy, Acrylic, Others), By Application (Architectural, Automotive & Transportation, Solar Power, Others), and Others and United States Mirror Coatings Market Insights Forecasts to 2033

Industry: Chemicals & Materials

RELEASE DATE Jan 2024
REPORT ID SI3421
PAGES 200
REPORT FORMAT PathSoft

United States Mirror Coatings Market Insights Forecasts to 2033

  • The United States Mirror Coatings Market Size was valued at USD 74.67 Million in 2023
  • The Market Size is Growing at a CAGR of 4.0% from 2023 to 2033
  • The United States Mirror Coatings Market Size is Expected to Reach USD 110.67 Million by 2033

 

United States Mirror Coatings Market

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The United States Mirror Coatings Market Size is expected to reach USD 110.67 Million by 2033, at a CAGR of 4.0% during the forecast period 2023 to 2033.

 

Market Overview

Mirror coatings are light-reflecting thin metallic layers applied to polished surfaces. They are made by vacuum evaporation or sputtering on glass and metals like aluminum, gold, copper, and silver, as well as beryllium, copper, and chrome. Mirror coatings come in solvent-based, water-based, and nanocoating varieties. These coatings offer resistance to scratches, abrasion, oxidation, and chemical corrosion. They are widely used in LED light reflectors, scanner deflection mirrors, prisms, telescopic mirrors, head-mounted displays (HMDs), and distance measuring devices. As a result, mirror coatings are widely used in many industries, including automotive, construction, healthcare, transportation, solar power, and energy.

 

Report Coverage

This research report categorizes the market for United States mirror coatings market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States mirror coatings market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the United States mirror coatings market.

 

United States Mirror Coatings Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 74.67 Million
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:4.0%
2033 Value Projection:USD 110.67 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Resin Type, By Application
Companies Covered:Vitro LLC, Ferro Corp, The Sherwin-Williams Company, FENZI SpA, Arkema SA, S.A.B. De C.V., Casix, Glas Trösch, Mader, Pearl Nano etc. and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Mirror coatings have become an essential component of modern vehicles, serving to improve not only their aesthetic appeal but also their functional performance. These coatings are commonly used on both exterior and interior mirrors, and they provide a variety of benefits such as increased durability, corrosion resistance, and improved reflectivity. Consumer demand for advanced features and superior aesthetics in vehicles has fueled demand for high-quality mirror coatings. As a result, the automotive industry's mirror coatings market has grown significantly. This expansion can be attributed to rising demand for mirror coatings, which is being driven by the automotive industry's desire to meet and exceed consumer expectations. Technological advancements are critical to the growing demand for mirror coatings in the automotive industry. Coating technology advancements, particularly those based on nanotechnology, have enabled the creation of superior mirror coatings with exceptional properties such as high reflectivity and durability. These developments not only contribute to the growing demand for mirror coatings, but also open up new avenues for their use in the automotive industry. Mirror coatings have a wide range of applications, from rear-view mirrors to side-view mirrors and interior mirrors, and their use is expanding with new innovations.

 

Restraining Factors

Mirror glasses are coated with thin metallic layers and are quite expensive due to silver and aluminum metallic coatings. Mirror coated glasses may be limited in their use due to the high risk of degradation. Furthermore, the negative environmental effects of mirror coated glasses are another factor that may limit U.S market revenue growth to some extent.

 

Market Segment

  • In 2023, the polyurethane segment accounted for the largest revenue share over the forecast period.

Based on the resin type, the United States mirror coatings market is segmented into polyurethane, epoxy, acrylic, and others. Among these, the polyurethane segment has the largest revenue share over the forecast period. The superior endurance and durability of polyurethane coatings is one of their main selling points. Polyurethane forms a stronger bond with the glass surface than acrylic paint, which simply sits on the surface of the glass due to its nonporous nature. This produces a more durable coating that can withstand different environmental conditions and resist wear and tear, making it a preferred choice for mirror coatings.

 

  • In 2022, the automotive & transportation segment accounted for the largest revenue share over the forecast period.

Based on the application, the United States mirror coatings market is segmented into architectural, automotive & transportation, solar power, and others. Among these, the automotive & transportation segment has the largest revenue share over the forecast period. These coatings not only provide anti-glare and anti-reflective properties, but they also ensure durability and resistance to environmental factors such as extreme temperatures and harsh weather. With the growing popularity of electric and self-driving vehicles, there is a greater demand for mirror coatings with enhanced functionalities, such as integrated sensors and cameras.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States mirror coatings market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Vitro LLC
  • Ferro Corp
  • The Sherwin-Williams Company
  • FENZI SpA
  • Arkema SA
  • S.A.B. De C.V.
  • Casix
  • Glas Trösch
  • Mader
  • Pearl Nano etc.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In September 2021, AquaglassXpack, an innovative product line for water-based coatings paints specifically designed for hollow glass applications, was launched by FENZI S.p.A. This cutting-edge water-based coating paint performs admirably on glass surfaces, offering a wide range of transparent, opaque, and metallic colors that are highly scratch resistant.

 

Market Segment

This study forecasts country revenue from 2022 to 2033. Spherical Insights has segmented the United States mirror coatings market based on the below-mentioned segments:

 

United States Mirror Coatings Market, By Resin Type

  • Polyurethane
  • Epoxy
  • Acrylic
  • Others

 

United States Mirror Coatings Market, By Application  

  • Architectural
  • Automotive & Transportation
  • Solar Power
  • Others

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