Ongoing Research Report
In the News
October 2017: 3M announced that it has acquired the key manufacturer of innovative products, Scott Safety. The acquisition move by 3M is anticipated to broaden the product portfolio in the personal safety business division.
August 2017: ORAFOL Europe GmbH announced that it has acquired a graphic distributor for its Australian market. The graphic distributor is also anticipated to become the sole supplier of the retro-reflective products of ORAFOL in Australian market.
Introduction to Reflective Materials
Reflective materials are referred to all those materials that are made from tiny glass beads. These reflective materials are used to reflect light back to the originating source by utilizing the principle of retro-reflectivity. Reflective materials are largely used in the manufacturing of reflective coatings and fabrics that are used massively in several end user industries.
Market Size and Forecast
The global reflective materials market is thriving on the back of growing demand for reflective materials from several end user industries, backed by the increasing applications of reflective materials for the manufacturing of several products, followed by the increasing advancements in the chemical sciences, that has raised the need to deploy advanced chemical materials for the manufacturing of goods. Moreover, increasing expenditure on research and developments by the manufacturing companies for the development of advanced chemicals, such as reflective materials, that possesses several benefits, are also some of the factors anticipated to promote towards the growth of the global reflective materials market.
Growth Drivers
Increasing Spending For Infrastructure in the Developing Economies
Reflective materials are used widely in the construction and infrastructure industry. Increasing developments observed in the developing economies provide a great opportunity for the applications of reflective materials, especially in road markings, safety cones and signboards amongst others. Further, increasing developments of government infrastructure in nations worldwide is also anticipated to drive the growth of the global reflective materials market throughout the forecast period.
By Region
On the basis of regional analysis, the global reflective materials market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The market in Asia Pacific is anticipated to hold the largest market share on the back of the presence of numerous industries that are associated with the use of reflective materials, especially in nations such as China, India, Japan and Korea. Moreover, presence of several key players in the region, coupled with the developments observed in the construction and infrastructure industry in the region are some of the factors anticipated to drive the growth of the reflective materials market in the region in the coming years. According to the statistics by the Indian Brand Equity Foundation (IBEF), in the year 2017, 783 projects were taken by the Government of India (GoI).
The global reflective materials market is further classified on the basis of region as follows:
In the News
October 2017: 3M announced that it has acquired the key manufacturer of innovative products, Scott Safety. The acquisition move by 3M is anticipated to broaden the product portfolio in the personal safety business division.
August 2017: ORAFOL Europe GmbH announced that it has acquired a graphic distributor for its Australian market. The graphic distributor is also anticipated to become the sole supplier of the retro-reflective products of ORAFOL in Australian market.
Introduction to Reflective Materials
Reflective materials are referred to all those materials that are made from tiny glass beads. These reflective materials are used to reflect light back to the originating source by utilizing the principle of retro-reflectivity. Reflective materials are largely used in the manufacturing of reflective coatings and fabrics that are used massively in several end user industries.
Market Size and Forecast
The global reflective materials market is thriving on the back of growing demand for reflective materials from several end user industries, backed by the increasing applications of reflective materials for the manufacturing of several products, followed by the increasing advancements in the chemical sciences, that has raised the need to deploy advanced chemical materials for the manufacturing of goods. Moreover, increasing expenditure on research and developments by the manufacturing companies for the development of advanced chemicals, such as reflective materials, that possesses several benefits, are also some of the factors anticipated to promote towards the growth of the global reflective materials market.
Growth Drivers
Increasing Spending For Infrastructure in the Developing Economies
Reflective materials are used widely in the construction and infrastructure industry. Increasing developments observed in the developing economies provide a great opportunity for the applications of reflective materials, especially in road markings, safety cones and signboards amongst others. Further, increasing developments of government infrastructure in nations worldwide is also anticipated to drive the growth of the global reflective materials market throughout the forecast period.
By Region
On the basis of regional analysis, the global reflective materials market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The market in Asia Pacific is anticipated to hold the largest market share on the back of the presence of numerous industries that are associated with the use of reflective materials, especially in nations such as China, India, Japan and Korea. Moreover, presence of several key players in the region, coupled with the developments observed in the construction and infrastructure industry in the region are some of the factors anticipated to drive the growth of the reflective materials market in the region in the coming years. According to the statistics by the Indian Brand Equity Foundation (IBEF), in the year 2017, 783 projects were taken by the Government of India (GoI).
The global reflective materials market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Companies Mentioned
- ORAFOL Europe GmbH
- Avery Dennison
- Dominic Optical
- Changzhou Hua R Sheng Reflective Material Co., Ltd.
- Nippon Carbide Industries Co., Inc.
- Viz Reflectives
- Daoming Optics & Chemical Co., Ltd.
- Jinsung Corporation
- ALANOD GmbH & Co. KG
- 3M
- Other Notable Players
Please note the number of players as well as the addition/deletion can be done in the final deliverable as per the feasibility
