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Feb, 25 2022

Global Retro-Reflective Materials Market is Growing with a CAGR of 18.4% in the Forecast Period of 2021 to 2028

The Global Retro-Reflective Materials Market is growing with factors such as increase in usage of retro-reflective materials to enhance visibility in low light conditions and rise in demand for retro-reflective materials in automotive industry. The expansions and developments in road transportation networks around the world have also given a boom to the global Retro-reflective materials market.

However, less awareness regarding retro-reflective materials among the consumers and its high manufacturing cost as compared to normal reflective products, have decreased the demand of the above mentioned market.

Global Retro-Reflective Materials Market Scenario                   

According to Data Bridge Market Research, the market for global retro-reflective materials in Asia-Pacific has the highest market share followed by North America and Europe. Market leader is 3M, which accounts an estimated market share of approximately 18.37% in the global market. The company has gained outstanding sale by providing novel retro-reflective materials products.

  • In December 2020, 3M announced the next generation of silicone adhesives, 3M Hi-Tack Silicone Adhesive Tapes that offers longer wear times, supports heavier devices such as continuous glucose monitoring systems, wearable monitors, sleep and incontinence devices and offers more secure adhesion. The company expects to improve its products portfolio and there by sales with the launch of this new product.

Retro-Reflective Materials MarketTrends Impacting the Market

Now the question is which other regions Integrated 3M, AVERY DENNISON CORPORATION, and UNITIKA SPARKLITE LTD (a subsidiary of Unitika Ltd. are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific retro-reflective materials market and the market leaders are targeting Japan and South Korea to be their next pocket revenue for 2021.

The retro-reflective materials market is becoming more competitive with companies 3M, AVERY DENNISON CORPORATION, and UNITIKA SPARKLITE LTD (a subsidiary of Unitika Ltd.). These are the top dominating companies in retro-reflective materials market and have launched novel products, services and technologies in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global retro-reflective materials market.

For more analysis on the global retro-reflective materials market request for a briefing with our analysts

Retro-Reflective Materials New Market Developments 2021

  • In May 2021, ORAFOL Europe GmbH launched a new product line named ORALITE series for foldable signs. The new product line consists of three products, 5237M, 5937M and 5937MFlex., that are three new monolayer films which finds application in foldable signs and are resistant to water and dirt. The company expects to improve its product portfolio as well as sales with the launch of these new products.

Scope of the Retro-Reflective Materials Market

All country based analysis of the global retro-reflective materials market is further analyzed based on technology, product type, application and end user. On the basis of technology, global retro-reflective materials market is segmented into micro prismatic technology, glass beads technology and ceramic beads technology. On the basis of product type, global retro-reflective materials market is segmented into films, sheets, tapes, paints, inks & coatings, retro-reflective threads and retro-reflective fabrics. On the basis of application, global retro-reflective materials market is segmented into traffic control & work zone, conspicuity & fleet & vehicle registration, personal safety and others. On the basis of end user, global retro-reflective materials market is segmented into automotive, industrial, construction, textile and others.

To know more about the study

Key Pointers Covered in Retro-Reflective Materials Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Retro-reflective materials market
  • Company profiling of top eight players of Retro-reflective materials market

Key Market Competitors Covered in the Report

  • 3M
  • ORAFOL Europe GmbH
  • Coats Group plc
  • Taiwan Paiho Limited
  • Asian Paints
  • Aura Optical Systems, L.P.
  • Changzhou Hua R Sheng Reflective Material Co., Ltd.
  • Viz Reflectives
  • Yeshili NEW Materials Co.,Ltd
  • Reflectionight
  • Wagner-Tech-Textil GmbH
  • Huangshan Xingwei Reflectorized Material Co., Ltd.
  • MagnaColours
  • HJ CORP.
  • ITALIA S.r.l.
  • DM Reflective India

Above are the key players covered in the report, to know about more and exhaustive list of retro-reflective materials companies’, contact us

Research Methodology: Global Retro-Reflective Materials Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturers
  • Supply Side: Product Managers, Marketing Managers, Distributors, Market Intelligence, among others.

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