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Companies Leverage Innovations despite COVID-19 Challenges

Despite challenging times created by the COVID-19 crisis, stakeholders in the mirror and anti-corrosive mirror coatings market are focusing on long-term objectives to consider economic factors and emergency response plans. In order to keep economies running, companies are tapping incremental opportunities in positive or limited negative impact industries such as architecture and decoration to offset losses incurred in the worse-hit global automotive sector.

Chemical companies in the mirror and anti-corrosive mirror coatings market are riding the crest of popularity in sustainable products that create low environmental impact such as low-VOC (volatile organic compound) coatings. They are increasing their innovation strength despite fluctuating supply and demand patterns in raw materials & products.

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Silver Mirror Coatings V/S Aluminum Mirror Coatings: Which is Better?

The mirror and anti-corrosive mirror coatings market is expected to reach the valuation of US$ 896.8 Mn by 2025. Even though aluminum mirror coatings are predicted to dominate the highest revenue share amongst all substrate types in the market, silver mirror coatings are anticipated to grow at an exponential CAGR during the forecast period.

Although in pure form aluminum can be weal, chemical treating and alloying processes drastically increase its strength. Aluminum mirror coatings are being used for military, aerospace, and defense applications. Silver mirror coatings, on the other hand, are being used for making telescopes. New mirror coating technologies are being developed by stakeholders for optical mirrors in new telescopes.

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Plasma Coating Growing in Popularity in Solar Power Plants for Long-term Stability

Solar thermal mirror coatings help to protect the invaluable parts of the system. Manufacturers in the mirror and anti-corrosive mirror coatings market are bolstering their production in these coatings to provide much-needed guarding against harsh environmental elements.

Intensive and precise reflection performance of solar thermal mirror coatings determines the efficiency of an entire solar power plant. However, efficiency and effectiveness of solar power plants are reduced, if conventional polymer corrosion protection coatings are used. Manufacturers are gaining awareness about proper and appropriate plasma coatings during the process of applying solar thermal mirror coatings. Companies in the mirror and anti-corrosive mirror coatings market are boosting production capabilities for nanocoatings or glass-like coating materials that offer corrosion protection that is reliable. These coatings are capable of offering long-term stability even at temperatures of a higher nature.

Corrosion-free Mirrors Prevent Use of Copper, Provide Unparalleled Reflectivity

The mirror and anti-corrosive mirror coatings market is projected to reach a volume of 478.9 kilo tons by 2031. Clearlight Designs - a provider of custom illuminated mirrors and custom frosted glass for residential & commercial clients, is broadening its portfolio in corrosion-free mirrors to expand its revenue streams.

Since copper is found to tarnish over time, market stakeholders are increasing efforts to innovate in corrosion-free mirrors. The growing awareness about copper-free manufacturing processes in mirrors is helping to increase reflectivity and uncompromising durability in mirrors. Manufacturers are increasing the availability of mirrors that provide unparalleled protection against corrosion, chemicals, moisture, and abrasion.

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Analysts’ Viewpoint

Companies are increasing their focus on green investments via government stimulus packages in order to meet the UN sustainable development goals during the coronavirus pandemic. The market is slated to clock a CAGR of 6.1% during the forecast period. Even as aluminum mirror coatings dictate the highest revenue share among all substrate types in the mirror and anti-corrosive mirror coatings market, current telescopes are witnessing dramatic increase in efficiency and reflectiveness by switching from aluminum coatings to new silver coatings. Corrosion-free mirrors are helping to increase reflectivity in various end-use cases. Photovoltaic systems are fueling the demand for mirror and anti-corrosive mirror coatings.

Mirror and Anti-corrosive Mirror Coatings Market: Overview

  • Copolymers consisting of polyol and isocyanate components are utilized in paints due to their chemical resistant properties
  • Epoxy resins are polymers that offer excellent adhesion properties to the protective coat applied over silver coated mirrors or aluminum coated mirrors
  • Acrylic resin is a thermoplastic or thermosetting plastic substance typically derived from acrylic acid, methacrylic acid, and acrylate monomers. Acrylic resin offers excellent transparency and durability to protective coatings.
  • Mirror and anti-corrosive mirror coatings are prominently used as coatings in building and construction activities and as basecoats in automobiles and solar power applications. In terms of application, the mirror and anti-corrosive mirror coatings market has been classified into architectural, automotive & transportation, solar power, decorative, and others. 
  • According to Transparency Market Research’s latest research report on the mirror and anti-corrosive mirror coatings market for the forecast period 2016 to 2025, rise in usage of mirror and anti-corrosive mirror coatings in architectural, automotive & transportation and decorative applications is a key factor that is expected to boost the global mirror and anti-corrosive mirror coatings market during the forecast period
  • In terms of revenue, the global mirror and anti-corrosive mirror coatings market is estimated to reach US$ 896.8 Mn by 2025. The global mirror and anti-corrosive mirror coatings market is projected to expand at a CAGR of 6.1% during the forecast period.

Increase in Automobile Production: Key Driver of Mirror and Anti-corrosive Mirror Coatings Market

  • Metal plating is one of the widely used methods of mirror coating. Aluminum and silver are the highly popular metals used for mirror coating. The procedure of application of reflective layer in second surface mirrors is called silvering. In second surface mirrors, metal plating is done on the back surface of substrates. After metal coating, a layer of protective coating is applied; as a result, second surface mirrors are secured from both the sides. In first surface mirrors, metal plating is done on the top surface of the substrate. In order to keep the reflective surface secure from environmental degradation, a coating with dielectric material is applied over the top reflective layer. First surface mirrors offer enhanced reflection compared to second surface mirrors. Hence, they are used in larger numbers of technical applications. In commercial applications, primarily hospitality and hotel industries and residential properties, framed mirrors are used as bathroom mirrors, while full-length mirrors are generally installed in larger closets such as wardrobe. Bedroom mirrors or other types of custom mirrors are installed for personal grooming as well as for decorative purposes.
  • The global construction industry is expanding at a significant pace. The global construction industry expanded by 3.0% in 2019. According to Oxford Economics, the global construction industry is estimated to reach US$ 5.8 Trn by 2030. Expansion of the global construction industry is driving the demand for mirror and anti-corrosive mirror coatings, thus boosting the global mirror and anti-corrosive mirror coatings market.
  • Rise in application of optical mirrors in the electronics industry is anticipated to fuel the demand for electronics items, thereby boosting the demand for optical mirrors. In turn, this is projected to augment the global mirror and anti-corrosive mirror coatings market in the near future.
  • Increase in demand for mirror and anti-corrosive mirror coatings in architectural, automotive & transportation, solar power, and decorative applications is propelling the demand for mirror and anti-corrosive mirror coatings, thus augmenting the global mirror and anti-corrosive mirror coatings market

Polyurethane Resin Type Dominates Mirror and Anti-corrosive Mirror Coatings Market

  • 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, and decorative.
  • Polyurethane mirror coatings are easy to clean, tough, and highly durable. They are used to attain long-term protective coating. Polyurethane mirror coatings are used in various applications such as architectural, concentrated solar panels, and decorative mirrors.

Mirror and Anti-Corrosive Mirror Coatings Market: Competition Landscape

  • Detailed profiles of providers of mirror and anti-corrosive mirror coatings have been included in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global mirror and anti-corrosive mirror coatings market are
    • 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.
    • AccuCoat inc.
  • Major providers of mirror and anti-corrosive mirror coatings, such as 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, are focusing on research & development, merger, joint venture, collaboration, and product innovation strategies
  • In the global mirror and anti-corrosive mirror coatings market report, we have discussed individual strategies, followed by company profiles of providers of mirror and anti-corrosive mirror coatings. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global mirror and anti-corrosive mirror coatings market.

Mirror and Anti-corrosive Mirror Coatings Market – Scope of Report

The latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global mirror and anti-corrosive mirror coatings market in order to accurately gauge its future growth. The study presents detailed information about the important growth factors, restraints, and trends that are creating a landscape for the growth of the global mirror and anti-corrosive mirror coatings market so as to identify growth opportunities for market stakeholders. The report also provides insightful information about how the global mirror and anti-corrosive mirror coatings market would expand during the forecast period of 2016 to 2025.

The report offers intricate dynamics about different aspects of the global mirror and anti-corrosive mirror coatings market, which aid companies operating in the market in making strategic development decisions. TMR’s study also elaborates on significant changes that are highly anticipated to configure growth of the global mirror and anti-corrosive mirror coatings market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of the global mirror and anti-corrosive mirror coatings market and estimates statistics related to growth of the market in terms of volume (tons) value (US$ Mn).

This study covers a detailed segmentation of the global mirror and anti-corrosive mirror coatings market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global mirror and anti-corrosive mirror coatings market, wherein various development, expansion, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Questions Answered in TMR’s Report on Mirror and Anti-corrosive Mirror Coatings Market

The report provides detailed information about the global mirror and snti-corrosive mirror coatings market on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth potential of the global market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global mirror and anti-corrosive mirror coatings market, so as to help them design successful strategies and make target-driven decisions.

  • Which application segment of the global mirror and anti-corrosive mirror coatings market would emerge as major revenue generator during the forecast period?
  • How are key market players successfully earning revenue out of advantages of mirror and anti-corrosive mirror coatings?
  • What would be the Y-o-Y growth trend of the global mirror and anti-corrosive mirror coatings market between 2021 and 2031?
  • What are the winning imperatives of leading players operating in the global mirror and anti-corrosive mirror coatings market?
  • Which resin type segment is expected to create lucrative opportunities for the global mirror and anti-corrosive mirror coatings market during the forecast period?
  • Which are the leading companies operating in the global performance for mirror and anti-corrosive mirror coatings market?

Research Methodology – Mirror and Anti-corrosive Mirror Coatings Market

The research methodology adopted by analysts for compiling the global mirror and anti-corrosive mirror coatings market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible sources, analysts have offered riveting observations and authentic forecasts for the global mirror and anti-corrosive mirror coatings market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine sources, analysts have emphasized the changing scenario of the global mirror and anti-corrosive mirror coatings market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global mirror and anti-corrosive mirror coatings market.

Mirror and Anti-corrosive Mirror Coatings Market – Segmentation

TMR’s research study assesses the global mirror and anti-corrosive mirror coatings market in terms of resin type, technology, substrate, VOC type, coating type, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global mirror and Anti-corrosive mirror coatings market.

Resin Type
  • Polyurethane
  • Epoxy
  • Acrylic
  • Others (including Alkyd and Zinc)
Technology
  • Solvent-based
  • Water-based
  • Others (including Nanotechnology and Emulsion-based)
Substrate
  • Silver
  • Aluminum
  • Others (including Gold, Zinc, Copper, and Platinum)
VOC Type
  • Low VOC
  • No VOC
Coating Type
  • With Lead/Copper
  • Without Lead/Copper
Application
  • Architectural
  • Automotive & Transportation
  • Solar Power
  • Decorative
  • Others (including Marine and Construction)
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Mirror And Anti Corrosive Mirror Coatings Market

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