Project report for Glass mirror

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Introduction

In India, a mirror is commonly used for inspecting oneself, such as during personal grooming; hence the old-fashioned name looking glass. This use, which dates from prehistory, overlaps with uses in decoration and architecture. Mirrors are also used to view other items that are not directly visible because of obstructions; examples include rear-view mirrors in vehicles, security mirrors in or around buildings, and dentist's mirrors. Mirrors are also used in optical and scientific apparatus such as telescopes, lasers, cameras, periscopes, and industrial machinery. Moreover, growing demand for electronic displays as the increasing demand for consumer electronics, such as televisions, smart phones, tablets, laptops, wearables, and other devices is also a factor, driving the market growth. 

A mirror is an object that reflects an image. Light that bounces off a mirror will show an image of whatever is in front of it, when focused through the lens of the eye or a camera. Mirrors reverse the direction of the image in an equal yet opposite angle from which the light shines upon it. This allows the viewer to see themselves or objects behind them, or even objects that are at an angle from them but out of their field of view, such as around a corner. Natural mirrors have existed since prehistoric times, such as the surface of water, but people have been manufacturing mirrors out of a variety of materials for thousands of years, like stone, metals, and glass. In modern mirrors, metals like silver or aluminum are often used due to their high reflectivity, applied as a thin coating on glass because of its naturally smooth and very hard surface.

 

Market potential & Strategy

The Advanced Glass Market forecast will be INR 671, 900 Crores by 2026, growing from INR 385, 200 Crores in 2018 at a healthy CAGR of 7.2%. Asia Pacific region will have lucrative opportunities for the market investors to grow throughout the upcoming decades generate a revenue and expected to reach of INR 225, 300 Crores by 2026. The rising demand for architectural glass and mirror in residential and commercial buildings and automotive and transportation applications drives the mirror coatings market. High demand from Asia Pacific is fueling the global mirror coatings market. Mirror coatings play a prominent role in solar power applications. Emergence of green buildings i.e. energy-efficient buildings is proving growth opportunities to the global mirror coatings market. Factors hindering the mirror coatings market are strict regulatory policies and environmental challenges. Water-based mirror coatings require higher drying time, which is restricting the water-based mirror coatings segment.

Rapidly growing adoption of advanced glass into construction industry is the significant factor which has compelled the demand for advanced glass all over the globe. Advanced glass is versatile product which has multiple applications such as noise cancellation, security, UV control and sound reduction which is also expected to fuel the growth advanced glass market. The increasing demand for integrated advanced glass in countries such as Malaysia, China and India owing to significant growth in infrastructures and automotive industry. Rising emphasis of green buildings, along with the rapid development of the real estate market in emerging countries, is anticipated to provide potential growth for advanced glass market. Also, increasing investment by market players is estimated to have a major impact on the growth of advanced glass market.

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