The scope of the recent study on “Retro Reflective Textiles Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by End Users and Material,” consists of the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.
The retro reflective textiles market is expected to grow from US$ 2,872.8 million in 2021 to US$ 4,139.8 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Primary and secondary retro reflective textiles are used in the cosmetic industry to protect the products from damage. The growing cosmetic industry propels the demand for retro reflective textiles. Moreover, the increasing trend of green packaging, especially in developed regions such as Europe, has increased the demand for flexible retro reflective textiles, contributing to the overall market growth.
Based on material, the global retro reflective textiles market is segmented into tetoron cotton, polyester, aramid, and others. The polyester segment held the largest share of the market in 2020; however, the tetoron cotton segment is expected to register the highest CAGR over the forecast period. Polyester is made from oil/petrochemical, and cotton is obtained from natural cotton plants. Tetoron Cotton is a polyester/cotton blend. It is used as retro reflective material for safety. It uses the principle of retro-reflection, which returns the light to the original light source when the light hits its surface. Reflective materials, such as tetoron cotton, are used for clothing. It is made of substrate, composite adhesive, reflective layer, and glass beads. It is widely used for outdoor safety reflective products, such as safety equipment, safety uniforms, work clothing, and sanitation clothing.
The global retro reflective textiles market is segmented into five main regions - North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. In 2020, Asia Pacific accounted for the largest share of the market. Many Asia Pacific countries, such as China and India, have the world's fastest-growing population. The construction industry is one of the rapidly growing industries in the region. The growing infrastructure in the developing countries and the increased housing in the region drive the growth of the retro reflective textiles market. Moreover, the high growth of economic activities has led to an increased demand for transportation driven by applications, such as e-commerce. Therefore, the growth in the transportation end-use industry in Asia Pacific has propelled the demand for retro reflective textiles.
Various governments imposed restrictions to control the spread of SARS-CoV-2 infection. The retro reflective textiles market was severely affected due to the shutdown of manufacturing units and disruptions in supply chains. There was a decline in infrastructure investments which hampered the growth of the global retro reflective textiles market. However, the current market situation is improving, as citizens of many nations are fully vaccinated, and the manufacturers are permitted to operate at full capacity. These factors are also expected to drive the growth of the retro reflective textiles market over the forecast period.
Based on end users, the retro reflective textiles market is segmented into construction, oil & gas, mining, transportation, firefighters, law enforcement agencies, and others. Based on material, the market is segmented into tetoron cotton, polyester, aramid, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The market in North America is further segmented into the US, Canada, and Mexico. The retro reflective textiles market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The retro reflective textiles market in the Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The market in South & Central America is subsegmented into Brazil, Argentina, and the Rest of South & Central America.
Reasons to Buy
The retro reflective textiles market is expected to grow from US$ 2,872.8 million in 2021 to US$ 4,139.8 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Primary and secondary retro reflective textiles are used in the cosmetic industry to protect the products from damage. The growing cosmetic industry propels the demand for retro reflective textiles. Moreover, the increasing trend of green packaging, especially in developed regions such as Europe, has increased the demand for flexible retro reflective textiles, contributing to the overall market growth.
Based on material, the global retro reflective textiles market is segmented into tetoron cotton, polyester, aramid, and others. The polyester segment held the largest share of the market in 2020; however, the tetoron cotton segment is expected to register the highest CAGR over the forecast period. Polyester is made from oil/petrochemical, and cotton is obtained from natural cotton plants. Tetoron Cotton is a polyester/cotton blend. It is used as retro reflective material for safety. It uses the principle of retro-reflection, which returns the light to the original light source when the light hits its surface. Reflective materials, such as tetoron cotton, are used for clothing. It is made of substrate, composite adhesive, reflective layer, and glass beads. It is widely used for outdoor safety reflective products, such as safety equipment, safety uniforms, work clothing, and sanitation clothing.
The global retro reflective textiles market is segmented into five main regions - North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. In 2020, Asia Pacific accounted for the largest share of the market. Many Asia Pacific countries, such as China and India, have the world's fastest-growing population. The construction industry is one of the rapidly growing industries in the region. The growing infrastructure in the developing countries and the increased housing in the region drive the growth of the retro reflective textiles market. Moreover, the high growth of economic activities has led to an increased demand for transportation driven by applications, such as e-commerce. Therefore, the growth in the transportation end-use industry in Asia Pacific has propelled the demand for retro reflective textiles.
Impact of COVID-19 Pandemic on Retro Reflective Textiles Market
Various governments imposed restrictions to control the spread of SARS-CoV-2 infection. The retro reflective textiles market was severely affected due to the shutdown of manufacturing units and disruptions in supply chains. There was a decline in infrastructure investments which hampered the growth of the global retro reflective textiles market. However, the current market situation is improving, as citizens of many nations are fully vaccinated, and the manufacturers are permitted to operate at full capacity. These factors are also expected to drive the growth of the retro reflective textiles market over the forecast period.
Global Retro Reflective Textiles Market Breakdown - by Region
The report includes the segmentation of the global retro reflective textiles market as follows:
Based on end users, the retro reflective textiles market is segmented into construction, oil & gas, mining, transportation, firefighters, law enforcement agencies, and others. Based on material, the market is segmented into tetoron cotton, polyester, aramid, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The market in North America is further segmented into the US, Canada, and Mexico. The retro reflective textiles market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The retro reflective textiles market in the Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The market in South & Central America is subsegmented into Brazil, Argentina, and the Rest of South & Central America.
Reasons to Buy
- Highlights key business priorities to assist companies realign their business strategies
- Features key findings and crucial progressive industry trends in the global retro reflective textiles market, thereby allowing players to develop effective long-term strategies
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets
- Scrutinizes in-depth market trends as well as key market drivers and restraints
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals
Table of Contents
1. Introduction
3. Research Methodology
4. Global Retro Reflective Textiles Market Landscape
5. Retro Reflective Textiles Market - Key Market Dynamics
6. Retro Reflective Textiles - Global Market Analysis
7. Retro Reflective Textiles Market Analysis - By Material
8. Retro Reflective Textiles Market Analysis - By End Users
9. Retro Reflective Textiles Market - Geographic Analysis
10. Impact of COVID-19 Pandemic on Global Retro Reflective Textiles Market
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Executive Summary
The retro reflective textiles market is expected to grow from US$ 2,872.8 million in 2021 to US$ 4,139.8 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.The demand for retro reflective textiles is driven by the growth of various end use industries, such as construction, mining, and transportation. Retro reflective textiles are increasingly used in designing safety apparel for workers, cyclists, bikers, and pedestrians. Retro reflective fabrics work on the retro reflectivity principle, which improves the perception of the eyes to see the objects in low-light conditions when illuminated by a light source. Retroreflection happens when light rays are reflected in the same direction from where they originated. Retro reflective fabrics have strong demand across various end-use industries. In the marine industry, retro reflective textiles are used to design life jackets and personal flotation devices (PFDs). They can also be utilized in lifeboats and inflatable life rafts that are carried for emergency evacuation during a disaster.
Based on material, the retro reflective textiles market is segmented into tetoron cotton, polyester, aramid, and others. The polyester segment accounted for the largest share, whereas the tetoron cotton segment is expected to grow at the highest rate during the forecast period. Polyester reflective material is used in items that require high visibility. A fluorescent orange color-coating is applied to the fabric, followed by reflective glass beads. This reflective polyester fabric is also UV resistant. Construction, mining, and oil & gas industry workers; firefighters; and police use the safety vests and gears made from polyester material. This polyester fabric is made for high visibility clothing, and it is used in different applications, such as transportation.
By geography, the retro reflective textiles market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2020, Asia-Pacific held the largest share of the market and is estimated to register the highest CAGR in the market during the forecast period. The demand for retro reflective textiles is also expected to increase as government organizations impose strict safety standards for safety apparel. High growth is expected in Asia Pacific during the forecasted period. In Asia Pacific, emerging economies, such as India and China, represent significant growth opportunities for the retro reflective textile industry. Road safety authorities are undertaking initiatives to minimize fatal road accidents due to the increasing cases of motor vehicle collisions (MVC). This represents one of the key factors fueling the demand for reflective materials to produce road safety devices and textiles.
3M; Daoming Optics & Chemical Co., Ltd; Hangzhou Chinastars Reflective Material Co.,Ltd; Huangshan Xingwei Reflectorized Material Co., Ltd.; P S ENTERPRISES; Swicofil AG; Unitika Sparklite Ltd.; YGM Reflective; HJ Corp; and HIGHVIZ are among the players operating in the retro reflective textiles market. These companies provide a wide range of product portfolios for the market. The presence of these companies in the developing regions offers lucrative opportunities for the retro reflective textiles market. The market players are developing high-quality and innovative products to meet customer’s requirements.
The overall retro reflective textiles market size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the retro reflective textiles market.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M
- Daoming Optics and Chemical Co. Ltd
- Hangzhou Chinastars Reflective Material Co.Ltd
- Huangshan Xingwei Reflectorized Material Co. Ltd
- Promosty
- Ps Enterprises
- Shelby Ltd
- Swicofil AG
- Unitika Sparklite Ltd.
- V-Reflex Reflective Material Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2872.8 Million |
| Forecasted Market Value ( USD | $ 4139.8 Million |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
