The Global Mirror Market size was USD 122.04 billion in 2021 and is expected to register a revenue CAGR of 7.8% over the forecast period.

NEW YORK CITY, NEW YORK, USA, July 7, 2022 /EINPresswire.com/ -- The Mirror Market size was USD 122.04 Billion in 2021 and is expected to register a revenue CAGR of 7.8% over the forecast period, according to a latest report by Reports and Data. Revenue growth of the market is expected to be driven by increasing demand for mirrors in interior design and decoration.

Mirrors enhance natural light and maximize the sense of space in a home and help in reducing energy costs. Therefore, a large number of architects and interior decorators prefers to put mirrors for interior design and wall decoration purpose. With the rising construction of buildings and houses, demand for mirrors are expected to accelerate revenue growth of the market. New innovations in interior decoration and designing are also expected to grow over the forecast period. According to the World Bank U.S., in 2020, the global construction industry was valued at USD 22.04 trillion. These instances of revenue growth of commercial and residential buildings in the construction mirror market play a pivotal role in driving demand.

Moreover, mirror types such as plane mirrors, spherical mirrors, convex mirrors, and crystal mirrors are widely adopted in various domestic and commercial decoration applications. A large number of developers and contractors are installing mirror panels in order to save energy costs. Also, mirrors are widely adopted as a key component in automotive rear-view functionality. Large number of automotive manufacturing companies are procuring mirrors in manufacturing cars and bikes. These factors are driving revenue growth of the market.

However, procuring low-cost mirrors from local glass and mirror manufacturers by several developers, interior decorators, and architects in order to reduce cost of projects along with war-related trade situations and production disruptions leading to fluctuations in import pricing of raw materials are expected to restraint revenue growth of the market.

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Key Regional Markets Covered in the Report:

• North America
o U.S.
o Canada
o Mexico
• Europe
o Russia
o U.K.
o Germany
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o Israel
o Rest of Middle East & Africa

Top 10 Profiled in the Global Mirror Market Report:

• Compagnie de Saint-Gobain S.A.,
• GTAT Corporation,
• Guardian Industries Holdings Site,
• Asahi Glass Co. Ltd.,
• Nippon Sheet Glass Co., Ltd.,
• Xinyi Glass Holdings Limited,
• Others

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Market Segmentation:

By Product Type Outlook
• Plane mirror
• Spherical mirrors
• Convex mirror
• Crystal mirror
• Others
By Coating Type Outlook
• Soft coating
• Hard Coating
• Others
By End-use Channel Outlook
• Retail
• Building and apartments
• Automotive
• Others
By Application Outlook
• Interior decoration
• Microscope
• Solar furnace
• Healthcare
• Astronomy
• Others

Key Takeaways of the Global Mirror Market Report:

• A comprehensive overview of the global Mirror industry.
• Accurate market projections in terms of market size, share, and volume.
• Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep-dive analysis of the upcoming market trends.
• Qualitative and quantitative analyses of the global Mirror market.
• Elaborate study of the leading regional markets in the global Mirror market.
• Complete overview of the market’s competitive landscape.
• Brief look at the company profiles and portfolios.

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Tushar Rajput
Reports and Data
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