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Global mirror coatings market is expected to display a positive market trend during the projected duration of 2021-2028, while exhibiting a CAGR of 6.87%.
Glasses and mirrors are used extensively in residential and commercial constructions, for a range of applications. Therefore, there is a huge demand for mirror coatings from the construction industry. This is one of the primary factors driving the market growth.
Further, there has been a rise in solar power projects in recent years, which is also contributing to market growth. In addition, there is a growing demand for heavy construction materials, which benefits market growth. However, factors like drawbacks associated with epoxy coatings and stringent regulations by the government are challenging the market growth process.