Mirror coatings are used to create effects on spectacle lenses ranging from light shimmer to a total mirror coating. These coatings are created by vacuum deposition of interference layer and can be obtained by constructive interference. The perceived intensity of the coating on the mirror is dependent on the basic tint of the lens. The global mirror coatings market is registering a significant growth in the market, owing to the increasing use of mirrors in various end-user industries and applications, as mirrors has become an integral part in various applications such as automotive, transportation, housing and others.
Rising demand of mirrors in construction industry, increasing demand of these coatings in solar power industry are the major factors which are driving the mirror coatings market growth in the recent years. The demands of mirrors are increasing significantly in the construction industry, owing to the increasing demand of more decorative buildings. Hence the increasing demand of mirrors is driving the coatings demand, contributing towards the market growth.
High cost of silver coating used in the mirrors is identified as a main factor which could potentially affect the mirror coatings market growth. The cost of silver coatings is comparatively on the higher side. However silver coating based mirrors are preferred in the cosmetics industry as they provide warmer image as compared to aluminum mirrors.
The mirror coatings market in Asia-Pacific is projected to register the highest growth in the global market, which can be attributed to the growing and expanding construction industry in the region, owing to meet the demand of increasing population. Along with that, the rising automotive industry in the region, particularly in countries such as China, India, Japan, and others is contributing towards the market growth in the region. The growth in these industries is driving the mirrors demand, eventually driving the coatings demand used in these mirrors for further use.
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Various players are investing in the market in order to capture the market in an efficient manner by providing innovative solutions and products to the consumers. Arkema Group, The Sherwin-Williams Company, Vitro, S.A.B. De C.V., Fenzi, Ferro, Tianjin Xin Lihua Color Materials Co., Ltd., Casix, Vitro, S.A.B. De C.V., Pearl Coating, and Mader Group are some of the key players operating in the mirror coatings market.
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