Market by Resin Type, Substrate, Technology, Industry Vertical, and Regional Outlook | Forecast 2021-2028
According to Triton, the Latin America market for mirror coatings is expected to flourish with a CAGR of 7.10% over the estimated phase from2021 to 2028.
The countries assessed
in this market are:
• Brazil
• Mexico
• Rest of Latin America countries
In 2018, the Government
of Brazil invested $19 billion to construct more than 650,000 houses in the
country, as a part of its “Minha Casa, Minha Vida” housing program. The
construction of these houses is estimated to continue over the years, in order to
fulfill the growing housing requirements.
In Sao Paolo, the
country’s financial hub and largest real estate market, the total number of new
housing projects in 2019 amounted to 55,529 units, representing a growth of
49.57% from the preceding year. In spite of the lockdown and disruption across
various industries that followed as a result of COVID-19, construction sites in
Brazil were functioning, and homebuilders continued their construction
activities. This also increased the adoption of mirror coatings in the
Brazilian market, thereby aiding the growth of the studied market.
The latest statistics
from the Brazilian Association of Photo Voltaic Solar Energy (ABSOLAR) suggest
that the nation surpassed its target of 5 GW for installed solar power in 2020.
In February 2020, the national government introduced a new program, mainly to
supply solar energy to 70,000 families living in remote areas. Furthermore,
contracts worth BRL 25.8 billion were awarded to market players, for completing
the projects by 2025. All these factors are expected to fuel the demand for
mirror coatings in Brazil over the projected period.
Fenzi SpA mainly
processes flat glass. It has five business units, namely sealants for
insulating glass units, coatings for solar mirrors, mirror backing paints, decorative
paints for glasses, and other products and accessories. Duralux and Luxver are
the two types of mirror backing paints offered by the company. It also offers
coatings for solar mirrors, called Duralux Solar Mirror Coatings. Fenzi has its
business presence in many countries across the world, including those in Latin
America.
1. LATIN
AMERICA MIRROR COATINGS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE MIRROR COATINGS INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. RISING
INVESTMENT ACROSS THE END-USER INDUSTRIES
2.2.2. DEMAND
FOR SUSTAINABLE MIRROR COATINGS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. BUSINESS
EXPANSIONS & DIVESTITURES
2.6.2. ACQUISITIONS
& MERGERS
2.6.3. NEW
PRODUCT LAUNCHES
2.7. MARKET
DRIVERS
2.7.1. DEMAND
FROM THE CONSTRUCTION INDUSTRY
2.7.2. RISE
IN SOLAR POWER PROJECTS
2.8. MARKET
CHALLENGES
2.8.1. DRAWBACKS
OF EPOXY COATING
2.8.2. STRICT
GOVERNMENT REGULATIONS
2.9. MARKET
OPPORTUNITIES
2.9.1. DEMAND
FOR HEAVY CONSTRUCTION MATERIALS
3. LATIN
AMERICA MIRROR COATINGS MARKET – BY RESIN TYPE
3.1. POLYURETHANE
3.2. EPOXY
3.3. ACRYLIC
3.4. OTHERS
4. LATIN
AMERICA MIRROR COATINGS MARKET - BY TECHNOLOGY
4.1. SOLVENT-BASED
4.2. WATER-BASED
4.3. NANOCOATINGS
5. LATIN
AMERICA MIRROR COATINGS MARKET - BY SUBSTRATE
5.1. SILVER
5.2. ALUMINIUM
5.3. OTHER
SUBSTRATES
6. LATIN
AMERICA MIRROR COATINGS MARKET - BY INDUSTRY VERTICAL
6.1. BUILDING
& CONSTRUCTION
6.2. AUTOMOTIVE
AND TRANSPORTATION
6.3. ENERGY
6.4. OTHER
INDUSTRY VERTICALS
7. LATIN
AMERICA MIRROR COATINGS MARKET – REGIONAL OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST
OF LATIN AMERICA
8. COMPETITIVE
LANDSCAPE
8.1. ABRISA
TECHNOLOGIES
8.2. ACCUCOAT
INC
8.3. BERLINER
GLAS
8.4. CASIX
8.5. DYNASIL
CORPORATION
8.6. EDMUND
OPTICS INC
8.7. EVAPORATED
COATINGS INC
8.8. FENZI
SPA
8.9. FOSTA-TEK
OPTICS
8.10. GENERAL
OPTICS (ASIA LIMITED)
8.11. GUARDIAN
GLASS
8.12. JML
OPTICAL
8.13. MADER
8.14. OPHIR
OPTRONICS SOLUTIONS LTD
8.15. ZEISS
INTERNATIONAL
9. METHODOLOGY
& SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
MIRROR COATINGS MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 2: MARKET
ATTRACTIVENESS MATRIX
TABLE 3: VENDOR
SCORECARD
TABLE 4: LIST OF
BUSINESS EXPANSIONS & DIVESTITURES
TABLE 5: LIST OF
ACQUISITIONS & MERGERS
TABLE 6: LIST OF NEW
PRODUCT LAUNCHES
TABLE 7: LATIN AMERICA
MIRROR COATINGS MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA
MIRROR COATINGS MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA
MIRROR COATINGS MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA
MIRROR COATINGS MARKET, BY SUBSTRATE, 2021-2028 (IN $ MILLION)
TABLE 11: LATIN AMERICA
MIRROR COATINGS MARKET, BY INDUSTRY VERTICAL, 2021-2028 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2: LATIN AMERICA
MIRROR COATINGS MARKET, BY RESIN TYPE, 2020 & 2028 (IN %)
FIGURE 3: LATIN AMERICA
MIRROR COATINGS MARKET, BY POLYURETHANE, 2021-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA
MIRROR COATINGS MARKET, BY EPOXY, 2021-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
MIRROR COATINGS MARKET, BY ACRYLIC, 2021-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
MIRROR COATINGS MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
MIRROR COATINGS MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)
FIGURE 8: LATIN AMERICA
MIRROR COATINGS MARKET, BY SOLVENT-BASED, 2021-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
MIRROR COATINGS MARKET, BY WATER-BASED, 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA MIRROR COATINGS MARKET, BY NANOCOATINGS, 2021-2028 (IN $ MILLION)
FIGURE 11: LATIN
AMERICA MIRROR COATINGS MARKET, BY SUBSTRATE, 2020 & 2028 (IN %)
FIGURE 12: LATIN
AMERICA MIRROR COATINGS MARKET, BY SILVER, 2021-2028 (IN $ MILLION)
FIGURE 13: LATIN
AMERICA MIRROR COATINGS MARKET, BY ALUMINIUM, 2021-2028 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA MIRROR COATINGS MARKET, BY OTHER SUBSTRATES, 2021-2028 (IN $ MILLION)
FIGURE 15: LATIN
AMERICA MIRROR COATINGS MARKET, BY INDUSTRY VERTICAL, 2020 & 2028 (IN %)
FIGURE 16: LATIN
AMERICA MIRROR COATINGS MARKET, BY BUILDING & CONSTRUCTION, 2021-2028 (IN $
MILLION)
FIGURE 17: LATIN
AMERICA MIRROR COATINGS MARKET, BY AUTOMOTIVE AND TRANSPORTATION, 2021-2028 (IN
$ MILLION)
FIGURE 18: LATIN
AMERICA MIRROR COATINGS MARKET, BY ENERGY, 2021-2028 (IN $ MILLION)
FIGURE 19: LATIN
AMERICA MIRROR COATINGS MARKET, BY OTHER INDUSTRY VERTICALS, 2021-2028 (IN $
MILLION)
FIGURE 20: LATIN
AMERICA MIRROR COATINGS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 21: BRAZIL
MIRROR COATINGS MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: MEXICO
MIRROR COATINGS MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: REST OF
LATIN AMERICA MIRROR COATINGS MARKET 2021-2028 (IN $ MILLION)