FEATURED COMPANIES
- 3M
- Jinsung Corporation
- ORAFOL Europe GmbH
- Palho Group
- REFLOMAX
- Viz Reflectives
The rising requirement for better materials offering superior visibility and safety and the growing disposable income is bolstering the market growth.
Market Size - USD 2.86 Billion in 2019, Market Growth ‒ CAGR of 10.8%, Market Trends - The growing need for safety in the construction and textile industry
The Global Reflective Material Market is anticipated to attain a valuation of USD 6.43 billion by 2027. The growing need for materials that confer high visibility and ensure safety in the workplace and the growing requirement to prevent workplace accidents is forecasted to drive the industry’s growth during the estimated years. The market is presumed to witness resilient growth through the projected years due to increased requirements from the construction and textile industry. Rapid industrialization and infrastructure development globally are bolstering the growth of the industry.
Moreover, the safety of workers in the construction sector conferred by the reflective materials is driving the market demand. However, fluctuations and uncertainties in raw materials like glass, reflective micro prisms, and aluminum are causing challenges for the industry’s major manufacturers. Additionally, stringent rules and regulations concerning the environment and application of recyclable materials are hindering the market expansion during the estimated timeline.
The COVID-19 pandemic has disrupted the industry’s growth as the construction and automobile industries have been severely impacted due to the shutdown of manufacturing sites. The shortage of workforce and the interruptions in international trade are affecting the demand of the industry, thereby hindering the market expansion over the coming years.
Key Findings from the Report Suggest:
For the analysis, the global Reflective Materials Market has been segregated based on product, material type, application, and region:
Product Outlook Revenue: USD Billion; Volume: Million Tons; 2017-2027
Material Type Outlook Revenue: USD Billion; Volume: Million Tons; 2017-2027
Application Outlook Revenue: USD Billion; Volume: Million Tons; 2017-2027
Regional Outlook Revenue: USD Billion; Volume: Million Tons; 2017-2027
Reasons to Buy the Report
Market Size - USD 2.86 Billion in 2019, Market Growth ‒ CAGR of 10.8%, Market Trends - The growing need for safety in the construction and textile industry
The Global Reflective Material Market is anticipated to attain a valuation of USD 6.43 billion by 2027. The growing need for materials that confer high visibility and ensure safety in the workplace and the growing requirement to prevent workplace accidents is forecasted to drive the industry’s growth during the estimated years. The market is presumed to witness resilient growth through the projected years due to increased requirements from the construction and textile industry. Rapid industrialization and infrastructure development globally are bolstering the growth of the industry.
Moreover, the safety of workers in the construction sector conferred by the reflective materials is driving the market demand. However, fluctuations and uncertainties in raw materials like glass, reflective micro prisms, and aluminum are causing challenges for the industry’s major manufacturers. Additionally, stringent rules and regulations concerning the environment and application of recyclable materials are hindering the market expansion during the estimated timeline.
The COVID-19 pandemic has disrupted the industry’s growth as the construction and automobile industries have been severely impacted due to the shutdown of manufacturing sites. The shortage of workforce and the interruptions in international trade are affecting the demand of the industry, thereby hindering the market expansion over the coming years.
Key Findings from the Report Suggest:
- The fabric product segment is presumed to gain maximum growth during the anticipated timeframe due to their extensive use in manufacturing jackets, gloves, safety clothing, etc. Fabrics with reflective material offer high visibility apparel and prevent accidents.
- The textile application segment is forecast to grow significantly throughout the projected timeline due to the rising use of reflective materials in apparel to make them bright, flame resistant, and easily noticeable.
- North America is presumed to register the highest growth rate during the forecast timeframe owing to the United States being the largest consumer of reflective materials. The United States market is set to gain a market value of USD 336.7 million by the year 2025.
- Key industry players include NIPPON CARBIDE INDUSTRIES CO. INC., 3M, Avery Dennison Dominic Optical, Daoming Optics & Chemical Co. Ltd, ORAFOL Europe GmbH, Jinsung Corporation, Viz Reflectives, REFLOMAX, and Palho Group, among others.
- ORAFOL Europe GmbH procured KAY Automotive Graphics in 2019, while in 2020, Avery Dennison gained a controlling share of the transponder business of Smartrac.
For the analysis, the global Reflective Materials Market has been segregated based on product, material type, application, and region:
Product Outlook Revenue: USD Billion; Volume: Million Tons; 2017-2027
- Tape & Films
- Coatings
- Fabric
- Paints & Inks
- Specialty Products
- Sheet
- Others
Material Type Outlook Revenue: USD Billion; Volume: Million Tons; 2017-2027
- Micro prismatic
- Glass
- Ceramic Beads
Application Outlook Revenue: USD Billion; Volume: Million Tons; 2017-2027
- Building & Construction
- Textile
- Automotive
- Healthcare
- Others
Regional Outlook Revenue: USD Billion; Volume: Million Tons; 2017-2027
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Reflective Material Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Reflective Material market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- 3M
- Jinsung Corporation
- ORAFOL Europe GmbH
- Palho Group
- REFLOMAX
- Viz Reflectives
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Reflective Material Market Segmentation & Impact Analysis
Chapter 5. Reflective Material Market Segmentation By Product Insights & Trends
Chapter 6. Reflective Material Market Segmentation By Material Type Insights & Trends
Chapter 7. Reflective Material Market Segmentation By Application Insights & Trends
Chapter 8. Reflective Material Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Note: Product cover images may vary from those shown
- 3M
- ORAFOL Europe GmbH
- Avery Dennison Dominic Optical
- NIPPON CARBIDE INDUSTRIES CO. INC.
- REFLOMAX
- Palho Group
- Jinsung Corporation
- Viz Reflectives
- Daoming Optics & Chemical Co. Ltd
Note: Product cover images may vary from those shown
