Reflective Material Market To Reach USD 6.43 Billion By 2027 www.reportsanddata.com
Market Summary Increasing demand for materials providing better visibility and safety, as well as the increasing purchasing power
of consumers, is driving the demand for the market. Market Size – USD 2.86 Billion in 2019, Market Growth - CAGR of 10.8%, Market Trends – High demand in
construction, textile sectors. The Global Reflective Material Market is projected to reach 6.43 billion in 2027. The increasing demand for materials that offer high visibility, thus providing safety in the workplace and reducing the number of accidents, is primarily driving the market’s growth during the forecast period. Fluctuations and volatility in prices of raw materials like reflective micro prisms, glass, aluminum have been noticed in the last few years. Thus major manufacturers of the industry are facing a challenge dealing with this issue. There is also an imbalance in the supply and demand of materials in the market. Regulations and policies regarding the environment and usage of low impact
or recyclable materials have also undergone continuous changes, which is making it difficult for the manufacturers to continue operations by meeting all the standards. These factors are hindering the market’s growth to a certain extent. Manufacturers
around the world are focusing on developing solutions that would be cost-effective as well as eco friendly.
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Market Summary The market is expected to witness robust growth due to increasing demand from the construction and textile sector. These materials provide high visibility and are beneficial in low light conditions like snow, fog, and darkness after nightfall. Rapid industrialization and development of infrastructure are taking place in most of the countries, and this is propelling the construction sector around the world. The safety of workers involved in construction activities is an issue in which reflective materials addresses and stringent worker safety regulations are driving the market’s growth. Apart from these usages of such materials in traffic signals offer better traffic management. Textile or the apparel sector is also experiencing the benefits of reflective materials, and thus the consumption from this sector is duly increasing.
Further key findings from the report suggest• There have been a number of new product launches in the market amongst which PELTOR by 3M, TrafficJet Xpert by Avery Dennison, Glodian SG-9000, Glodian EGP-1100, Glodian HIP-PRO, EZPEEL, Glodian AGT/RGT by REFLOMAX and VizLite Dual Technology by Viz Reflectives require special mention. • Microprismatic materials offer retro reflection and help in producing bright reflective appearance on garments and various accessories. Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sampleenquiry-form/1226
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Market Summary Companies considered and profiled in this market study 3M, ORAFOL Europe GmbH, Avery Dennison Dominic Optical, NIPPON CARBIDE INDUSTRIES CO. INC., REFLOMAX, Palho Group, Jinsung Corporation, Viz Reflectives, and Daoming Optics & Chemical Co. Ltd, among others.
For the purpose of this report, Reports and Data have segmented into the global Reflective Material Market market on the basis of Product, Material Type, Application and region: Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027) • Fabric • Sheet • Coatings • Paints & Inks • Tape & Films • Specialty Products • Others Material Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027) • Microprismatic • Glass • Ceramic Beads
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Market Summary Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027) • Building & Construction • Textile • Automotive • Healthcare • Others Regional Outlook (Revenue in USD Million; 2016–2026) • North America • Europe • Asia Pacific • Latin America • Middle East and Africa (MEA)
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