Saudi Arabia mirror coatings
market is projected
to grow at a robust CAGR by 2028, due to the growing government investments in concentrated
solar power, wherein the electricity is generated by concentrating the sun’s
heat using a mirror coating on a generator. Additionally, the increasing adoption of
mirror coatings in commercial & industrial buildings to reflect heat
coupled with the rising need of low VOC mirror coatings that are eco-friendly
is expected to drive the growth of the market in the next five years. Besides,
rapidly increasing demands and use of mirror coatings across various end-user
industries such as architecture, automotive, decorative, renewable energy, etc.
Rising trend of green and sustainable mirror coatings coupled with increasing
stringent regulations to reduce VOCs emissions are anticipated to fuel the
market growth. Rapidly growing construction sector and expanding uses of mirror
coatings in the solar power industry are expected to aid Saudi Arabia mirror
coatings market growth. Research and development activities aimed towards
experimenting with various kinds of mirror coatings to improve space
exploration technologies is also positively impacting Saudi Arabia mirror
coatings market growth in the coming years. Moreover, rising environmental
concerns have led to greater adoption of green technologies in construction
sector, which is expected to stimulate the market in the coming years.
Saudi Arabia mirror coatings
market is segmented on the basis of resin type, technology, substrate, company,
and geography. Based on resin type, the market is further divided into polyurethane, epoxy,
acrylic and others. The polyurethane
resin segment holds the largest market share and is expected to maintain its
position in the next five years, because polyurethane resin-based coatings are
used widely in industrial and architectural coating systems, CSP solar panels
and commercial buildings for protection. Based on technology, the
market is further fragmented into water-based coatings, solvent-based coatings
and nanotechnology-based coatings. The nano coatings segment is anticipated to grow at a high
rate by 2028 due to growing preference of advanced materials in the solar power
industry and more R&D initiatives towards nanotechnology.
Based on application,
the market is sub-divided into architectural applications, automotive &
transportation applications, decorative applications, solar power, and others.
Some of the leading players in the
Saudi Arabia Mirror Coatings Market are Vitro, S.A.B. De C.V., Ferro, The
Sherwin-Williams, Fenzi, Arkema, Casix, Glas Trösch, Mader, Pearl Nano etc.
Objective of the Study:
- To analyse and forecast the
market size of Saudi Arabia mirror coatings market, in terms of value and
volume.
- To classify and forecast Saudi
Arabia mirror coatings market based on resin type, technology, substrate, application
and regional distribution.
- To identify drivers and
challenges for Saudi Arabia mirror coatings market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in Saudi Arabia mirror coatings market.
- To conduct the pricing
analysis for Saudi Arabia mirror coatings market.
- To identify and analyse the
profile of leading manufacturers involved in the Saudi Arabia mirror
coatings market.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers in Saudi Arabia. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analysed the offerings, distribution channels and presence of all
major manufacturers in Saudi Arabia.
TechSci Research calculated the market size of Saudi Arabia Mirror Coatings Market using a bottom-up approach, where data for various end user
industries and its application across various product types were recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through analysing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
Key Target
Audience:
- Mirror
Coatings Manufacturers, Dealers, and Suppliers
- Coatings
Raw Material Suppliers
- Nano
Coating Technology Companies
- Automotive
Companies
- Solar
Panel Manufacturers
- Regulatory
organizations.
- Research
organizations and consulting companies.
- Chemical
Industries.
- Market
research and consulting firms.
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, distributors and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
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Attribute
|
Details
|
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Base Year
|
2022
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Historical Years
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2018 – 2021
|
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Estimated Year
|
2023E
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Forecast Period
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2024F – 2028F
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Quantitative Units
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Revenue in USD Million, Volume in Units and CAGR for 2018-2022
and 2023E-2028F
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|
Report Coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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|
Segments Covered
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·
Resin
Type
·
Technology
·
Substrate
·
Application
|
|
Region Scope
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Western Region, Central Region, Southern Region, Eastern
Region, Northern Region
|
|
Key Companies Profiled
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Vitro, S.A.B. De C.V., Ferro, The Sherwin-Williams, Fenzi,
Arkema, Casix, Glas Trösch, Mader, Pearl Nano.
|
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Saudi Arabia Mirror
Coatings Market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Saudi Arabia
Mirror Coatings Market, By Resin Type:
- Polyurethane
- Epoxy
- Acrylic
- Other Types of Resins
- Saudi Arabia
Mirror Coatings Market, By Technology:
- Water-Based Coatings
- Solvent-Based Coatings
- Nanotechnology-Based Coatings
- Saudi Arabia
Mirror Coatings Market, By Substrate:
- Saudi Arabia
Mirror Coatings Market, By Application:
- Architecture & Construction
- Automotive & Transportation Applications
- Decorative Applications
- Solar Power
- Concentrated Solar Power Systems
- CSP Considerations
- Other Applications
- Saudi Arabia
Mirror Coatings Market, by Region:
- Northern Region
- Southern Region
- Western Region
- Eastern Region
- Central Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Mirror Coatings Market segment.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according the company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
Profit margin
analysis in case of direct and indirect sales channel.