Global Retro-Reflective Materials Market – Growth, Trends & Forecast

Global retro-reflective materials market may grow at a CAGR of around 18%, during forecast to cross $ 12 billion by 2027. Free Sample Report.
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The global retro-reflective materials market is expected to grow at a CAGR of around 18%, during the forecast period and cross $ 12 billion by 2027 owing to rising production of light and heavy commercial vehicles, increasing construction activities, and rising demand for retro-reflective materials. To enhance night-time visibility these retro-reflective materials are widely used as road markings and signs. It is also used to increase the scanning range of barcodes in factory settings.

The presence of stringent governmental regulations for the safety of vehicles is anticipated to boost the growth of the retro-reflective materials market through 2027. However, a lack of awareness of safety products in some countries might hamper the growth of the market in the coming years.

By technology, the retro-reflective materials market is categorized into Micro-prismatic, Glass Beads, Ceramic Beads, and Others. The Micro-prismatic category is projected to register the highest growth over the next 5 years on account of the high-level retro-reflectivity offered by this technology. The key manufacturers of different reflective items generally prefer using micro-prismatic owing to its high degree of reflectivity, thereby propelling the demand for micro-prismatic technology. Based on the product type, the market is segmented into films, sheets & tapes, paints, inks & coatings, and others. Among them, films, sheets & tapes segments dominated the market until 2021 and is expected to maintain their dominance during the forecast period as well due to their large application in different industries such as apparel, construction and infrastructure, and automobile and transportation.

Market players in the global retro-reflective materials

  1. Avery Dennison Corporation
  2. ORAFOL Europe GmbH
  3. Dominic Optical Inc.
  4. Changzhou Hua R Sheng Reflective Material Co., Ltd.
  5. Coats Group PLC
  6. Nippon Carbide Industries Co., Inc.
  7. Asian Paints Ppg Pvt. Ltd.
  8. Dongguan Yufon Textile Materials Co. Ltd
  9. Yeshili Reflective Materials Co., Ltd.
  10. Unitika Sparklite Ltd. The key players in the market are using strategies such as launching new products and opening new research and development centers to increase their customer base worldwide.

The objective of the Study:

  • To analyze and forecast the market size of the global retro-reflective materials market.
  • To forecast the global retro-reflective materials market based on technology, product type, application, distribution channel, and regional distribution.
  • To identify drivers and challenges for the global retro-reflective materials market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in the global retro-reflective materials market.
  • To conduct the pricing analysis for the global retro-reflective materials market.
  • To identify and analyze the profile of leading players operating in the global retro-reflective materials market.

Click here to download FREE sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4253

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of retro-reflective materials manufacturers across the globe. 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 suppliers that could not be identified due to the limitations of secondary research. TechSci Research analyzed the product types, application types, and presence of all major retro-reflective materials manufacturers across the globe.

TechSci Research calculated the global retro-reflective materials market size by using a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Retro-reflective materials manufacturers
  • Retro-reflective materials suppliers and distributors
  • Government bodies such as regulating authorities and policymakers
  • Industry associations
  • Organizations, forums, and alliances related to the retro-reflective materials market
  • 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 product manufacturers and partners, end users, etc., besides allowing them to strategize investments and capitalize on market opportunities.

Attribute Details
Base Year 2021
Historical Data 2017 – 2020
Estimated Year 2022
Forecast Period 2023 – 2027
Quantitative Units Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F  
Report coverage Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends  
Segments covered
  •     Technology
  •        Product Type
  •      Application
Regional scope North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope United States, Mexico, Canada, China, India, Japan, South Korea, Australia; New Zealand, Germany, France, United Kingdom, Spain, Italy, Russia, South Africa, UAE, Saudi Arabia, Brazil, Argentina
Key companies profiled Avery Dennison Corporation, ORAFOL Europe GmbH, Dominic Optical Inc., Changzhou Hua R Sheng Reflective Material Co., Ltd., Coats Group PLC, Nippon Carbide Industries Co., Inc., Asian Paints Ppg Pvt. Ltd., Dongguan Yufon Textile Materials Co. Ltd, Yeshili Reflective Materials Co., Ltd., and Unitika Sparklite Ltd.
Customization scope 10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format 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, global retro-reflective materials market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  •   Retro-Reflective Materials Market, By Technology:
    • Micro-prismatic
    • Glass Beads
    • Ceramic Beads
    •  Others
  •  Retro-Reflective Materials Market, By Product Type:
    • Films
    • Sheets & Types
    • Paints
    • Inks & Coatings
    • Others
  • Retro-Reflective Materials Market, By Application:
    • Traffic Control & Work Zone
    • Conspicuity & Fleet & Vehicle Registration
    • Personal Safety
    • Textile
    • Construction
    • Automotive
    • Electronics & Semiconductors
    • Others
  • Retro-Reflective Materials Market, By Region:
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • New Zealand
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Russia
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global retro-reflective materials market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a 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.

 

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Table of Content-Global Retro-Reflective Materials Market 

  1. Product Overview
  2. Research Methodology
  3. Executive Summary
  4. Voice of Customer

4.1.  Factors to be considered for product selection

4.2.  Factors influencing purchase decision

4.3.  Challenges/issues faced post purchase

4.4.  Unmet needs

  1. Impact of COVID-19 on Global Retro-Reflective Materials Market
  2. Global Retro-Reflective Materials Market Outlook

6.1.  Market Size and Forecast

6.1.1.   By Value

6.1.2.   By Volume

6.2.  Market Share and Forecast

6.2.1.   By Technology (Micro-prismatic, Glass Beads, Ceramic Beads, Others)

6.2.2.   By Product Type (Films, Sheets & Tapes, Paints, Inks & Coatings, Others)

6.2.3.   By Application (Traffic Control & Work Zone, Conspicuity & Fleet & Vehicle Registration, Personal Safety, Textile, Construction, Automotive, Electronics & Semiconductors, Others)

6.2.4.   By Company

6.2.5.   By Region

6.3.    Market Attractive Index

  1. Asia-Pacific Retro-Reflective Materials Market Outlook

7.1.   Market Size and Forecast

7.1.1.   By Value

7.1.2.   By Volume

7.2.  Market Share & Forecast

7.2.1.   By Technology

7.2.2.   By Product Type

7.2.3.   By Application

7.2.4.   By Country

7.3.  China Retro-Reflective Materials Market Outlook

7.3.1.   Market Size and Forecast

7.3.1.1.               By Value

7.3.1.2.               By Volume

7.3.2.   Market Share and Forecast

7.3.2.1.                By Technology

7.3.2.2.                By Product Type

7.3.2.3.                By Application

7.4.  Japan Retro-Reflective Materials Market Outlook

7.4.1.    Market Size and Forecast

7.4.1.1.               By Value

7.4.1.2.               By Volume

7.4.2.    Market Share and Forecast

7.4.2.1.                By Technology

7.4.2.2.                By Product Type

7.4.2.3.                By Application

7.5.   India Retro-Reflective Materials Market Outlook

7.5.1.    Market Size and Forecast

7.5.1.1.               By Value

7.5.1.2.               By Volume

7.5.2.    Market Share and Forecast

7.5.2.1.                By Technology

7.5.2.2.                By Product Type

7.5.2.3.                By Application

7.6.  South Korea Retro-Reflective Materials Market Outlook

7.6.1.    Market Size and Forecast

7.6.1.1.               By Value

7.6.1.2.               By Volume

7.6.2.    Market Share and Forecast

7.6.2.1.                By Technology

7.6.2.2.                By Product Type

7.6.2.3.                By Application

7.7.  Australia Retro-Reflective Materials Market Outlook

7.7.1.    Market Size and Forecast

7.7.1.1.               By Value

7.7.1.2.               By Volume

7.7.2.    Market Share and Forecast

7.7.2.1.                By Technology

7.7.2.2.                By Product Type

7.7.2.3.                By Application

7.8.  New Zealand Retro-Reflective Materials Market Outlook

7.8.1.    Market Size and Forecast

7.8.1.1.               By Value

7.8.1.2.               By Volume

7.8.2.    Market Share and Forecast

7.8.2.1.                By Technology

7.8.2.2.                By Product Type

7.8.2.3.                By Application

  1. Europe Retro-Reflective Materials Market Outlook

8.1.   Market Size and Forecast

8.1.1.   By Value and Volume

8.2.  Market Share & Forecast

8.2.1.   By Technology

8.2.2.   By Product Type

8.2.3.   By Application

8.2.4.   By Country

8.3.   United Kingdom Retro-Reflective Materials Market Outlook

8.3.1.   Market Size and Forecast

8.3.1.1.               By Value

8.3.1.2.               By Volume

8.3.2.   Market Share and Forecast

8.3.2.1.                By Technology

8.3.2.2.                By Product Type

8.3.2.3.                By Application

8.4.  Italy Retro-Reflective Materials Market Outlook

8.4.1.    Market Size and Forecast

8.4.1.1.               By Value

8.4.1.2.               By Volume

8.4.2.    Market Share and Forecast

8.4.2.1.                By Technology

8.4.2.2.                By Product Type

8.4.2.3.                By Application

8.5.  France Retro-Reflective Materials Market Outlook

8.5.1.    Market Size and Forecast

8.5.1.1.               By Value

8.5.1.2.               By Volume

8.5.2.    Market Share and Forecast

8.5.2.1.                By Technology

8.5.2.2.                By Product Type

8.5.2.3.                By Application

8.6.  Germany Retro-Reflective Materials Market Outlook

8.6.1.    Market Size and Forecast

8.6.1.1.               By Value

8.6.1.2.               By Volume

8.6.2.    Market Share and Forecast

8.6.2.1.                By Technology

8.6.2.2.                By Product Type

8.6.2.3.                By Application

8.7.   Russia Retro-Reflective Materials Market Outlook

8.7.1.    Market Size and Forecast

8.7.1.1.               By Value

8.7.1.2.               By Volume

8.7.2.    Market Share and Forecast

8.7.2.1.                By Technology

8.7.2.2.                By Product Type

8.7.2.3.                By Application

8.8.  Spain Retro-Reflective Materials Market Outlook

8.8.1.    Market Size and Forecast

8.8.1.1.               By Value

8.8.1.2.               By Volume

8.8.2.    Market Share and Forecast

8.8.2.1.                By Technology

8.8.2.2.                By Product Type

8.8.2.3.                By Application

  1. North America Retro-Reflective Materials Market Outlook

9.1.   Market Size and Forecast

9.1.1.   By Value

9.1.2.   By Volume

9.2.  Market Share & Forecast

9.2.1.   By Technology

9.2.2.   By Product Type

9.2.3.   By Application

9.2.4.   By Country

9.3.   United States Retro-Reflective Materials Market Outlook

9.3.1.   Market Size and Forecast

9.3.1.1.               By Value

9.3.1.2.               By Volume

9.3.2.   Market Share and Forecast

9.3.2.1.                By Technology

9.3.2.2.                By Product Type

9.3.2.3.                By Application

9.4.  Mexico Retro-Reflective Materials Market Outlook

9.4.1.   Market Size and Forecast

9.4.1.1.               By Value

9.4.1.2.               By Volume

9.4.2.   Market Share and Forecast

9.4.2.1.                By Technology

9.4.2.2.                By Product Type

9.4.2.3.                By Application

9.5.   Canada Retro-Reflective Materials Market Outlook

9.5.1.   Market Size and Forecast

9.5.1.1.               By Value

9.5.1.2.               By Volume

9.5.2.   Market Share and Forecast

9.5.2.1.                By Technology

9.5.2.2.                By Product Type

9.5.2.3.                By Application

  1.  South America Retro-Reflective Materials Market Outlook

10.1.           Market Size and Forecast

10.1.1.                By Value

10.1.2.                By Volume

10.2.          Market Share & Forecast

10.2.1.                By Technology

10.2.2.                By Product Type

10.2.3.                By Application

10.2.4.                By Country

10.3.            Brazil Retro-Reflective Materials Market Outlook

10.3.1.                Market Size and Forecast

10.3.1.1.            By Value

10.3.1.2.            By Volume

10.3.2.                Market Share and Forecast

10.3.2.1.             By Technology

10.3.2.2.             By Product Type

10.3.2.3.             By Application

10.4.            Argentina Retro-Reflective Materials Market Outlook

10.4.1.                Market Size and Forecast

10.4.1.1.            By Value

10.4.1.2.            By Volume

10.4.2.                Market Share and Forecast

10.4.2.1.             By Technology

10.4.2.2.             By Product Type

10.4.2.3.             By Application

  1. Middle East & Africa Retro-Reflective Materials Market Outlook

11.1.           Market Size and Forecast

11.1.1.                By Value

11.1.2.                By Volume

11.2.          Market Share & Forecast

11.2.1.                By Technology

11.2.2.                By Product Type

11.2.3.                By Application

11.2.4.                By Country

11.3.           South Africa Retro-Reflective Materials Market Outlook

11.3.1.                Market Size and Forecast

11.3.1.1.            By Value

11.3.1.2.            By Volume

11.3.2.                Market Share and Forecast

11.3.2.1.             By Technology

11.3.2.2.             By Product Type

11.3.2.3.             By Application

11.4.          Saudi Arabia Retro-Reflective Materials Market Outlook

11.4.1.                Market Size and Forecast

11.4.1.1.            By Value

11.4.1.2.            By Volume

11.4.2.                Market Share and Forecast

11.4.2.1.             By Technology

11.4.2.2.             By Product Type

11.4.2.3.             By Application

11.5.           UAE Retro-Reflective Materials Market Outlook

11.5.1.                Market Size and Forecast

11.5.1.1.            By Value

11.5.1.2.            By Volume

11.5.2.                Market Share and Forecast

11.5.2.1.             By Technology

11.5.2.2.             By Product Type

11.5.2.3.             By Application

  1.  Market Dynamics

12.1.           Drivers

12.2.           Challenges

  1. Market Trends & Developments
  2. Pricing Analysis
  3. Competitive Landscape

15.1.          Competition Benchmarking

15.2.          Company Profiles (Leading companies)

15.2.1.                Avery Dennison Corporation

15.2.2.                ORAFOL Europe GmbH

15.2.3.                Dominic Optical Inc.

15.2.4.                Changzhou Hua R Sheng Reflective Material Co., Ltd.

15.2.5.                Coats Group PLC

15.2.6.                Nippon Carbide Industries Co., Inc.

15.2.7.                Asian Paints Ppg Pvt. Ltd.

15.2.8.                Dongguan Yufon Textile Materials Co. Ltd

15.2.9.                Yeshili Reflective Materials Co., Ltd.

15.2.10.              Unitika Sparklite Ltd.

  1. Strategic Recommendations

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