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Reflective Tape Market By Material Type, By Product Type, By End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 340 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5712938
The global reflective tape market was valued at $3.5 billion in 2021, and is projected to reach $6.8 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031.

Reflective tapes are identified as safety tape and made up from polyester and PVC. This tape is constructed with aggressive weather resistant adhesives coated with flexible films, which hold an encapsulation of reflective materials. It is widely used to highlight or mark an area and it is clearly visible in day and night. In addition, it is used in door and window installations and offers added layer of protection in rough opening. Reflective tapes are added as single and double layer.

Growth in population coupled with rapid urbanization and rise in consumer demand for vehicles have surged the growth of the automotive sector in both developed and developing economies, where reflective tapes are widely used to improve visibility of vehicles at night. In addition, reflective tape has micro prismatic material, which provides bright, vivid retro-reflectivity at wide angle due to which it is most preferred tape in the automobile industry. This is expected to boost the demand for reflective tape in the growing automotive sector. In addition, strong economic growth has surged the establishments of industries where reflective tape is used as a protective and safety measures of employee and worker at industrial sites. This may propel the growth of the reflective tape market.

However, strict government norms and regulations on the plastic based reflective tape product may hamper the market growth. In addition, fluctuation in the prices of reflective tape affects the growth of market. These factors may hamper the growth of the reflective tape market during the forecast period.

On the contrary, increase in awareness of passenger and employee safety on working site, , and police officer directing on the road traffic have increased the demand for high effective reflective tape. Reflective tapes are good source of illumination and they can be easily applied on the fabrics such as protection jacket, gloves, helmets, and others. These factors make reflective tape highly preferred for illuminating and safety applications in various end use sectors. This is anticipated to increase sales of reflective tape in several end-use sectors; thus, creating lucrative opportunities for the market.

The reflective tape market is segmented on the basis of material type, product type, end user industry, and region. On the basis of material type, the market is categorized into plastic, rubber, foam, and others. On the basis of product type, the market is divided into single-sided reflective tape and double-sided reflective tape. On the basis of application, it is fragmented into building & construction, automotive, sports & leisure, marine, packaging, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global reflective tape market profiles leading players that include 3M company, Acme Supplies Limited, Ajit Industries Pvt. Ltd., DuPont, GOMEC, Henkel AG & Co, Honeywell International Inc., HS Tape, Kohinoor Enterprises, Nitto Denko Corporation, ORAFOL Europe GmbH, REFLOMAX, Scapa Group plc, Shiva Industries, and TapeIndia. The global reflective tape market report provides in-depth competitive analysis as well as profiles of these major players.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the reflective tape market analysis from 2021 to 2031 to identify the prevailing reflective tape market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the reflective tape market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global reflective tape market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Material Type

  • Plastic Resins
  • Rubber
  • Foam
  • Silicone
  • Others

By Product Type

  • Single-sided Reflective Tape
  • Double-sided Reflective Tape

By End-Use Industry

  • Building and Construction
  • Automotive
  • Sports and Leisure
  • Marine
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • The 3M Company
  • Acme Supplies Limited
  • Aggarwal Brothers
  • Asian Paints
  • Bostik
  • DuPont
  • H.B. Fuller
  • Henkel AG and Co.
  • Isoltema Group
  • Jining Xunda Pipe Coating Materials Co. Ltd.
  • Nitto Denko Corporation
  • Omega Rubber Industries
  • Saint-Gobain
  • Scapa Group plc
  • Vijay Agency
Frequently Asked Questions about the Global Reflective Tape Market

What is the estimated value of the Global Reflective Tape Market?

The Global Reflective Tape Market was estimated to be valued at $3.5 billion in 2021.

What is the growth rate of the Global Reflective Tape Market?

The growth rate of the Global Reflective Tape Market is 6.9%, with an estimated value of $6.8 billion by 2031.

What is the forecasted size of the Global Reflective Tape Market?

The Global Reflective Tape Market is estimated to be worth $6.8 billion by 2031.

Who are the key companies in the Global Reflective Tape Market?

Key companies in the Global Reflective Tape Market include The 3M Company, Acme Supplies Limited, Aggarwal Brothers, Asian Paints, Bostik, DuPont, H.B. Fuller, Henkel AG and Co. and Jining Xunda Pipe Coating Materials Co. Ltd..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Value Chain Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape

CHAPTER 4: REFLECTIVE TAPE MARKET, BY MATERIAL TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Plastic Resins
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Rubber
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Foam
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Silicone
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country

CHAPTER 5: REFLECTIVE TAPE MARKET, BY PRODUCT TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Single-sided Reflective Tape
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Double-sided Reflective Tape
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: REFLECTIVE TAPE MARKET, BY END-USE INDUSTRY
6.1 Overview
6.1.1 Market size and forecast
6.2 Building and Construction
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Automotive
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Sports and Leisure
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Marine
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country

CHAPTER 7: REFLECTIVE TAPE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Material Type
7.2.3 North America Market size and forecast, by Product Type
7.2.4 North America Market size and forecast, by End-Use Industry
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Material Type
7.2.5.1.2 Market size and forecast, by Product Type
7.2.5.1.3 Market size and forecast, by End-Use Industry
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Material Type
7.2.5.2.2 Market size and forecast, by Product Type
7.2.5.2.3 Market size and forecast, by End-Use Industry
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Material Type
7.2.5.3.2 Market size and forecast, by Product Type
7.2.5.3.3 Market size and forecast, by End-Use Industry
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Material Type
7.3.3 Europe Market size and forecast, by Product Type
7.3.4 Europe Market size and forecast, by End-Use Industry
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Material Type
7.3.5.1.2 Market size and forecast, by Product Type
7.3.5.1.3 Market size and forecast, by End-Use Industry
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Material Type
7.3.5.2.2 Market size and forecast, by Product Type
7.3.5.2.3 Market size and forecast, by End-Use Industry
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Material Type
7.3.5.3.2 Market size and forecast, by Product Type
7.3.5.3.3 Market size and forecast, by End-Use Industry
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Material Type
7.3.5.4.2 Market size and forecast, by Product Type
7.3.5.4.3 Market size and forecast, by End-Use Industry
7.3.5.5 Italy
7.3.5.5.1 Market size and forecast, by Material Type
7.3.5.5.2 Market size and forecast, by Product Type
7.3.5.5.3 Market size and forecast, by End-Use Industry
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Material Type
7.3.5.6.2 Market size and forecast, by Product Type
7.3.5.6.3 Market size and forecast, by End-Use Industry
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Material Type
7.4.3 Asia-Pacific Market size and forecast, by Product Type
7.4.4 Asia-Pacific Market size and forecast, by End-Use Industry
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Material Type
7.4.5.1.2 Market size and forecast, by Product Type
7.4.5.1.3 Market size and forecast, by End-Use Industry
7.4.5.2 India
7.4.5.2.1 Market size and forecast, by Material Type
7.4.5.2.2 Market size and forecast, by Product Type
7.4.5.2.3 Market size and forecast, by End-Use Industry
7.4.5.3 Japan
7.4.5.3.1 Market size and forecast, by Material Type
7.4.5.3.2 Market size and forecast, by Product Type
7.4.5.3.3 Market size and forecast, by End-Use Industry
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Material Type
7.4.5.4.2 Market size and forecast, by Product Type
7.4.5.4.3 Market size and forecast, by End-Use Industry
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Material Type
7.4.5.5.2 Market size and forecast, by Product Type
7.4.5.5.3 Market size and forecast, by End-Use Industry
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Material Type
7.4.5.6.2 Market size and forecast, by Product Type
7.4.5.6.3 Market size and forecast, by End-Use Industry
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Material Type
7.5.3 LAMEA Market size and forecast, by Product Type
7.5.4 LAMEA Market size and forecast, by End-Use Industry
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Material Type
7.5.5.1.2 Market size and forecast, by Product Type
7.5.5.1.3 Market size and forecast, by End-Use Industry
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Material Type
7.5.5.2.2 Market size and forecast, by Product Type
7.5.5.2.3 Market size and forecast, by End-Use Industry
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Material Type
7.5.5.3.2 Market size and forecast, by Product Type
7.5.5.3.3 Market size and forecast, by End-Use Industry
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Material Type
7.5.5.4.2 Market size and forecast, by Product Type
7.5.5.4.3 Market size and forecast, by End-Use Industry

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 The 3M Company
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Acme Supplies Limited
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Aggarwal Brothers
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Asian Paints
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Bostik
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 DuPont
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 H. B. Fuller
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Henkel AG and Co.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Isoltema Group
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Jining Xunda Pipe Coating Materials Co. Ltd.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Nitto Denko Corporation
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Omega Rubber Industries
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Saint-Gobain
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Scapa Group plc
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Vijay Agency
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments

List of Tables
Table 1. Global Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 2. Global Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 3. Reflective Tape Market, for Plastic Resins, by Region, 2021-2031 ($Million)
Table 4. Reflective Tape Market, for Plastic Resins, by Region, 2021-2031 (Square Meter)
Table 5. Reflective Tape Market for Plastic Resins, by Country, 2021-2031 ($Million)
Table 6. Reflective Tape Market for Plastic Resins, by Country, 2021-2031 (Square Meter)
Table 7. Reflective Tape Market, for Rubber, by Region, 2021-2031 ($Million)
Table 8. Reflective Tape Market, for Rubber, by Region, 2021-2031 (Square Meter)
Table 9. Reflective Tape Market for Rubber, by Country, 2021-2031 ($Million)
Table 10. Reflective Tape Market for Rubber, by Country, 2021-2031 (Square Meter)
Table 11. Reflective Tape Market, for Foam, by Region, 2021-2031 ($Million)
Table 12. Reflective Tape Market, for Foam, by Region, 2021-2031 (Square Meter)
Table 13. Reflective Tape Market for Foam, by Country, 2021-2031 ($Million)
Table 14. Reflective Tape Market for Foam, by Country, 2021-2031 (Square Meter)
Table 15. Reflective Tape Market, for Silicone, by Region, 2021-2031 ($Million)
Table 16. Reflective Tape Market, for Silicone, by Region, 2021-2031 (Square Meter)
Table 17. Reflective Tape Market for Silicone, by Country, 2021-2031 ($Million)
Table 18. Reflective Tape Market for Silicone, by Country, 2021-2031 (Square Meter)
Table 19. Reflective Tape Market, for Others, by Region, 2021-2031 ($Million)
Table 20. Reflective Tape Market, for Others, by Region, 2021-2031 (Square Meter)
Table 21. Reflective Tape Market for Others, by Country, 2021-2031 ($Million)
Table 22. Reflective Tape Market for Others, by Country, 2021-2031 (Square Meter)
Table 23. Global Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 24. Global Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 25. Reflective Tape Market, for Single-Sided Reflective Tape, by Region, 2021-2031 ($Million)
Table 26. Reflective Tape Market, for Single-Sided Reflective Tape, by Region, 2021-2031 (Square Meter)
Table 27. Reflective Tape Market for Single-Sided Reflective Tape, by Country, 2021-2031 ($Million)
Table 28. Reflective Tape Market for Single-Sided Reflective Tape, by Country, 2021-2031 (Square Meter)
Table 29. Reflective Tape Market, for Double-Sided Reflective Tape, by Region, 2021-2031 ($Million)
Table 30. Reflective Tape Market, for Double-Sided Reflective Tape, by Region, 2021-2031 (Square Meter)
Table 31. Reflective Tape Market for Double-Sided Reflective Tape, by Country, 2021-2031 ($Million)
Table 32. Reflective Tape Market for Double-Sided Reflective Tape, by Country, 2021-2031 (Square Meter)
Table 33. Global Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 34. Global Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 35. Reflective Tape Market, for Building and Construction, by Region, 2021-2031 ($Million)
Table 36. Reflective Tape Market, for Building and Construction, by Region, 2021-2031 (Square Meter)
Table 37. Reflective Tape Market for Building and Construction, by Country, 2021-2031 ($Million)
Table 38. Reflective Tape Market for Building and Construction, by Country, 2021-2031 (Square Meter)
Table 39. Reflective Tape Market, for Automotive, by Region, 2021-2031 ($Million)
Table 40. Reflective Tape Market, for Automotive, by Region, 2021-2031 (Square Meter)
Table 41. Reflective Tape Market for Automotive, by Country, 2021-2031 ($Million)
Table 42. Reflective Tape Market for Automotive, by Country, 2021-2031 (Square Meter)
Table 43. Reflective Tape Market, for Sports and Leisure, by Region, 2021-2031 ($Million)
Table 44. Reflective Tape Market, for Sports and Leisure, by Region, 2021-2031 (Square Meter)
Table 45. Reflective Tape Market for Sports and Leisure, by Country, 2021-2031 ($Million)
Table 46. Reflective Tape Market for Sports and Leisure, by Country, 2021-2031 (Square Meter)
Table 47. Reflective Tape Market, for Marine, by Region, 2021-2031 ($Million)
Table 48. Reflective Tape Market, for Marine, by Region, 2021-2031 (Square Meter)
Table 49. Reflective Tape Market for Marine, by Country, 2021-2031 ($Million)
Table 50. Reflective Tape Market for Marine, by Country, 2021-2031 (Square Meter)
Table 51. Reflective Tape Market, for Others, by Region, 2021-2031 ($Million)
Table 52. Reflective Tape Market, for Others, by Region, 2021-2031 (Square Meter)
Table 53. Reflective Tape Market for Others, by Country, 2021-2031 ($Million)
Table 54. Reflective Tape Market for Others, by Country, 2021-2031 (Square Meter)
Table 55. Reflective Tape Market, by Region, 2021-2031 ($Million)
Table 56. Reflective Tape Market, by Region, 2021-2031 (Square Meter)
Table 57. North America Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 58. North America Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 59. North America Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 60. North America Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 61. North America Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 62. North America Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 63. North America Reflective Tape Market, by Country, 2021-2031 ($Million)
Table 64. North America Reflective Tape Market, by Country, 2021-2031 (Square Meter)
Table 65. U.S. Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 66. U.S. Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 67. U.S. Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 68. U.S. Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 69. U.S. Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 70. U.S. Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 71. Canada Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 72. Canada Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 73. Canada Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 74. Canada Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 75. Canada Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 76. Canada Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 77. Mexico Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 78. Mexico Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 79. Mexico Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 80. Mexico Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 81. Mexico Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 82. Mexico Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 83. Europe Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 84. Europe Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 85. Europe Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 86. Europe Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 87. Europe Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 88. Europe Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 89. Europe Reflective Tape Market, by Country, 2021-2031 ($Million)
Table 90. Europe Reflective Tape Market, by Country, 2021-2031 (Square Meter)
Table 91. Germany Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 92. Germany Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 93. Germany Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 94. Germany Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 95. Germany Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 96. Germany Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 97. UK Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 98. UK Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 99. UK Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 100. UK Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 101. UK Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 102. UK Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 103. France Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 104. France Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 105. France Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 106. France Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 107. France Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 108. France Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 109. Spain Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 110. Spain Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 111. Spain Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 112. Spain Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 113. Spain Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 114. Spain Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 115. Italy Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 116. Italy Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 117. Italy Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 118. Italy Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 119. Italy Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 120. Italy Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 121. Rest of Europe Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 122. Rest of Europe Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 123. Rest of Europe Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 124. Rest of Europe Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 125. Rest of Europe Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 126. Rest of Europe Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 127. Asia-Pacific Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 128. Asia-Pacific Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 129. Asia-Pacific Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 130. Asia-Pacific Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 131. Asia-Pacific Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 132. Asia-Pacific Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 133. Asia-Pacific Reflective Tape Market, by Country, 2021-2031 ($Million)
Table 134. Asia-Pacific Reflective Tape Market, by Country, 2021-2031 (Square Meter)
Table 135. China Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 136. China Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 137. China Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 138. China Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 139. China Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 140. China Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 141. India Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 142. India Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 143. India Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 144. India Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 145. India Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 146. India Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 147. Japan Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 148. Japan Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 149. Japan Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 150. Japan Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 151. Japan Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 152. Japan Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 153. South Korea Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 154. South Korea Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 155. South Korea Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 156. South Korea Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 157. South Korea Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 158. South Korea Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 159. Australia Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 160. Australia Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 161. Australia Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 162. Australia Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 163. Australia Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 164. Australia Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 165. Rest of Asia-Pacific Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 166. Rest of Asia-Pacific Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 167. Rest of Asia-Pacific Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 168. Rest of Asia-Pacific Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 169. Rest of Asia-Pacific Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 170. Rest of Asia-Pacific Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 171. LAMEA Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 172. LAMEA Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 173. LAMEA Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 174. LAMEA Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 175. LAMEA Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 176. LAMEA Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 177. LAMEA Reflective Tape Market, by Country, 2021-2031 ($Million)
Table 178. LAMEA Reflective Tape Market, by Country, 2021-2031 (Square Meter)
Table 179. Brazil Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 180. Brazil Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 181. Brazil Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 182. Brazil Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 183. Brazil Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 184. Brazil Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 185. Saudi Arabia Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 186. Saudi Arabia Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 187. Saudi Arabia Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 188. Saudi Arabia Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 189. Saudi Arabia Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 190. Saudi Arabia Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 191. South Africa Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 192. South Africa Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 193. South Africa Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 194. South Africa Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 195. South Africa Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 196. South Africa Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 197. Rest of LAMEA Reflective Tape Market, by Material Type, 2021-2031 ($Million)
Table 198. Rest of LAMEA Reflective Tape Market, by Material Type, 2021-2031 (Square Meter)
Table 199. Rest of LAMEA Reflective Tape Market, by Product Type, 2021-2031 ($Million)
Table 200. Rest of LAMEA Reflective Tape Market, by Product Type, 2021-2031 (Square Meter)
Table 201. Rest of LAMEA Reflective Tape Market, by End-use Industry, 2021-2031 ($Million)
Table 202. Rest of LAMEA Reflective Tape Market, by End-use Industry, 2021-2031 (Square Meter)
Table 203. the 3M Company: Company Snapshot
Table 204. the 3M Company: Operating Segments
Table 205. the 3M Company: Product Portfolio
Table 206. the 3M Company: Net Sales
Table 207. the 3M Company: Key Strategies
Table 208. Acme Supplies Limited: Company Snapshot
Table 209. Acme Supplies Limited: Operating Segments
Table 210. Acme Supplies Limited: Product Portfolio
Table 211. Acme Supplies Limited: Net Sales
Table 212. Acme Supplies Limited: Key Strategies
Table 213. Aggarwal Brothers: Company Snapshot
Table 214. Aggarwal Brothers: Operating Segments
Table 215. Aggarwal Brothers: Product Portfolio
Table 216. Aggarwal Brothers: Net Sales
Table 217. Aggarwal Brothers: Key Strategies
Table 218. Asian Paints: Company Snapshot
Table 219. Asian Paints: Operating Segments
Table 220. Asian Paints: Product Portfolio
Table 221. Asian Paints: Net Sales
Table 222. Asian Paints: Key Strategies
Table 223. Bostik: Company Snapshot
Table 224. Bostik: Operating Segments
Table 225. Bostik: Product Portfolio
Table 226. Bostik: Net Sales
Table 227. Bostik: Key Strategies
Table 228. Dupont: Company Snapshot
Table 229. Dupont: Operating Segments
Table 230. Dupont: Product Portfolio
Table 231. Dupont: Net Sales
Table 232. Dupont: Key Strategies
Table 233. H. B. Fuller: Company Snapshot
Table 234. H. B. Fuller: Operating Segments
Table 235. H. B. Fuller: Product Portfolio
Table 236. H. B. Fuller: Net Sales
Table 237. H. B. Fuller: Key Strategies
Table 238. Henkel AG and Co.: Company Snapshot
Table 239. Henkel AG and Co.: Operating Segments
Table 240. Henkel AG and Co.: Product Portfolio
Table 241. Henkel AG and Co.: Net Sales
Table 242. Henkel AG and Co.: Key Strategies
Table 243. Isoltema Group: Company Snapshot
Table 244. Isoltema Group: Operating Segments
Table 245. Isoltema Group: Product Portfolio
Table 246. Isoltema Group: Net Sales
Table 247. Isoltema Group: Key Strategies
Table 248. Jining Xunda Pipe Coating Materials Co. Ltd.: Company Snapshot
Table 249. Jining Xunda Pipe Coating Materials Co. Ltd.: Operating Segments
Table 250. Jining Xunda Pipe Coating Materials Co. Ltd.: Product Portfolio
Table 251. Jining Xunda Pipe Coating Materials Co. Ltd.: Net Sales
Table 252. Jining Xunda Pipe Coating Materials Co. Ltd.: Key Strategies
Table 253. Nitto Denko Corporation: Company Snapshot
Table 254. Nitto Denko Corporation: Operating Segments
Table 255. Nitto Denko Corporation: Product Portfolio
Table 256. Nitto Denko Corporation: Net Sales
Table 257. Nitto Denko Corporation: Key Strategies
Table 258. Omega Rubber Industries: Company Snapshot
Table 259. Omega Rubber Industries: Operating Segments
Table 260. Omega Rubber Industries: Product Portfolio
Table 261. Omega Rubber Industries: Net Sales
Table 262. Omega Rubber Industries: Key Strategies
Table 263. Saint-Gobain: Company Snapshot
Table 264. Saint-Gobain: Operating Segments
Table 265. Saint-Gobain: Product Portfolio
Table 266. Saint-Gobain: Net Sales
Table 267. Saint-Gobain: Key Strategies
Table 268. Scapa Group PLC: Company Snapshot
Table 269. Scapa Group PLC: Operating Segments
Table 270. Scapa Group PLC: Product Portfolio
Table 271. Scapa Group PLC: Net Sales
Table 272. Scapa Group PLC: Key Strategies
Table 273. Vijay Agency: Company Snapshot
Table 274. Vijay Agency: Operating Segments
Table 275. Vijay Agency: Product Portfolio
Table 276. Vijay Agency: Net Sales
Table 277. Vijay Agency: Key Strategies

List of Figures
Figure 1. Reflective Tape Market Segmentation
Figure 2. Reflective Tape Market, 2021-2031
Figure 3. Reflective Tape Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Reflective Tape Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Regulatory Guidelines
Figure 14. Value Chain Analysis
Figure 15. Key Regulation Analysis
Figure 16. Patent Analysis by Company
Figure 17. Patent Analysis by Country
Figure 18. Reflective Tape Market, By Material Type, 2021(%)
Figure 19. Comparative Share Analysis of Plastic Resins Reflective Tape Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Rubber Reflective Tape Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Foam Reflective Tape Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Silicone Reflective Tape Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Others Reflective Tape Market, 2021-2031(%)
Figure 24. Reflective Tape Market, By Product Type, 2021(%)
Figure 25. Comparative Share Analysis of Single-Sided Reflective Tape Reflective Tape Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Double-Sided Reflective Tape Reflective Tape Market, 2021-2031(%)
Figure 27. Reflective Tape Market, By End-Use Industry, 2021(%)
Figure 28. Comparative Share Analysis of Building and Construction Reflective Tape Market, 2021-2031(%)
Figure 29. Comparative Share Analysis of Automotive Reflective Tape Market, 2021-2031(%)
Figure 30. Comparative Share Analysis of Sports and Leisure Reflective Tape Market, 2021-2031(%)
Figure 31. Comparative Share Analysis of Marine Reflective Tape Market, 2021-2031(%)
Figure 32. Comparative Share Analysis of Others Reflective Tape Market, 2021-2031(%)
Figure 33. Reflective Tape Market by Region, 2021
Figure 34. U.S. Reflective Tape Market, 2021-2031($Million)
Figure 35. Canada Reflective Tape Market, 2021-2031($Million)
Figure 36. Mexico Reflective Tape Market, 2021-2031($Million)
Figure 37. Germany Reflective Tape Market, 2021-2031($Million)
Figure 38. Uk Reflective Tape Market, 2021-2031($Million)
Figure 39. France Reflective Tape Market, 2021-2031($Million)
Figure 40. Spain Reflective Tape Market, 2021-2031($Million)
Figure 41. Italy Reflective Tape Market, 2021-2031($Million)
Figure 42. Rest of Europe Reflective Tape Market, 2021-2031($Million)
Figure 43. China Reflective Tape Market, 2021-2031($Million)
Figure 44. India Reflective Tape Market, 2021-2031($Million)
Figure 45. Japan Reflective Tape Market, 2021-2031($Million)
Figure 46. South Korea Reflective Tape Market, 2021-2031($Million)
Figure 47. Australia Reflective Tape Market, 2021-2031($Million)
Figure 48. Rest of Asia-Pacific Reflective Tape Market, 2021-2031($Million)
Figure 49. Brazil Reflective Tape Market, 2021-2031($Million)
Figure 50. Saudi Arabia Reflective Tape Market, 2021-2031($Million)
Figure 51. South Africa Reflective Tape Market, 2021-2031($Million)
Figure 52. Rest of LAMEA Reflective Tape Market, 2021-2031($Million)
Figure 53. Top Winning Strategies, by Year
Figure 54. Top Winning Strategies, by Development
Figure 55. Top Winning Strategies, by Company
Figure 56. Product Mapping of Top 10 Players
Figure 57. Competitive Dashboard
Figure 58. Competitive Heatmap of Top 10 Key Players
Figure 59. The 3M Compan.: Net Sales, ($Million)
Figure 60. Acme Supplies Limite.: Net Sales, ($Million)
Figure 61. Aggarwal Brother.: Net Sales, ($Million)
Figure 62. Asian Paint.: Net Sales, ($Million)
Figure 63. Bosti.: Net Sales, ($Million)
Figure 64. Dupon.: Net Sales, ($Million)
Figure 65. H.B. Fulle.: Net Sales, ($Million)
Figure 66. Henkel AG and Co.: Net Sales, ($Million)
Figure 67. Isoltema Grou.: Net Sales, ($Million)
Figure 68. Jining Xunda Pipe Coating Materials Co. Ltd.: Net Sales, ($Million)
Figure 69. Nitto Denko Corporatio.: Net Sales, ($Million)
Figure 70. Omega Rubber Industrie.: Net Sales, ($Million)
Figure 71. Saint-Gobai.: Net Sales, ($Million)
Figure 72. Scapa Group pl.: Net Sales, ($Million)
Figure 73. Vijay Agenc.: Net Sales, ($Million)

Executive Summary

According to the report, “Reflective Tape Market," the reflective tape market was valued at $3.5 billion in 2021, and is estimated to reach $6.8 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031.

Reflective tape is a self-adhesive, reflective, safety unique tape, and illuminating material that bonds instantly on plastic, metals, cement, wood, fiber, and provides permanent adhesions. It possesses strong adhesion, UV resistant, reflectivity, and waterproof quality due to which it is used as a protective, safety, and effective indicator in various end-use sectors such as building & construction, automotive & transportation, packaging, industrial, electrical & electronics, and others.

Increase in investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India, has led the building & construction sector to witness a significant growth where reflective tapes are used for flooring, indoor & outdoor applications, mounting wall, and roofing applications. In addition, sustainable economic growth coupled with increasing demand for consumer goods has led the automotive & transportation sector to witness a significant increase in demand where reflective tape is widely used for UV and moisture protection applications in under hood parts, engine components, interior of containers, and storage vessels. These factors are anticipated to contribute toward the global market growth.

However, availability of alternative substitute over reflective tape may hamper the growth of reflective tape market. In response to this, several acts and government norms on use of reflective tape are expected to act restraining factor for the growth of reflective tape market. These factors are expected to restrain the market growth during the forecast period.

The emergence of reflective tape in industrial sector has enhanced the performance of reflective tape during the forecast period. Furthermore, several manufactures have increased their production capacities for reflective tapes due to its high demand in manufacturing plants, construction sites, factories, and petrochemical sector. For instance, reflective hazardous warning tape from Acme Supplies Limited, are widely used as safety measures, effective indicator, and signage in factories, chemicals industry, construction sites, and among others. This is anticipated to increase the sales of reflective tape in petrochemical and manufacturing plants; thus, creating lucrative opportunities for the market.

The reflective tape market is segmented on the basis of material type, product type, application, and region. By material type, the market is segregated into plastic resin, foam, rubber, silicone, and others. The plastic resin segment dominated the global market in terms of revenue in 2021, with 31% of the total share. The plastic based red retro-reflective tapes are micro-prismatic with high strength and high tenacity due to which it is widely used in manufacturing of heavy vehicles. In addition, it is useful in preventing leakage and fill cracks & joints of various plastic based components. Reflective tapes are good source of illumination and reflection and moreover, it is visible during night time owing to which it is used as traffic sign material and safety conspicuity. These factors are increasing the overall potential sales of reflective tape in near future..

By product type the market is categorized into single-sided reflective tape and double-sided reflective tape. The double-sided reflective tape segment dominated the reflective tape market in 2021, with total share of 63%. Double-sided reflective tape is easy peelable and double coated adhesive tape that are used mainly in outdoor and indoor applications, as a safety measures and warning signage. There are different types of double-sided reflective tapes such as rubber based double-sided reflective tape, double-sided butyl tape, double-sided box reflective tape, and among others are widely used in building and construction industry, automotive, and packaging industry.

By end-use industry, the market is fragmented into building & construction, automotive, sports & leisure, marine, and others. The building & construction segment dominated the global market in terms of revenue in 2021, with 33% of the total share. Reflective tapes are used as safety measures in various residential and commercial building & construction sites such as hotels, hospitals, homes, flats, warehouses, showrooms, garages, and offices, for protecting pipelines and sealing warehouse floors. Growth in demand for building & construction activity, increase in government focus toward adoption of underground parking, and subway station have escalated the demand for reflective tape where it is used as effective indicator on ledges, steps, bollards and posts. These factors are expected to drive the market growth in upcoming years.

Region-wise, the reflective tape market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific reflective tape market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major reflective tape market share in 2021. The rising building & construction, chemical manufacturing, marine, packaging, automotive, and other sectors have enhanced the performance of the reflective tape in the Asia-Pacific region. China's consumer electronics sector is increasing rapidly, which in turn has enhanced the performance of the reflective tape market in the region. The use of reflective tape in sectors such as consumer electrical & electronics, automotive, packaging, building & construction, industrial, and others, is the major key market trend in the Asia-Pacific region. In addition, countries such as India and Australia are constantly engaged in building highways and high-speed railway tracks which in turn has led the automotive sector to witness a significant growth. This may foster the demand for reflective tape market in the growing automotive sector.

Key players operating in the global reflective tape market include includes The 3M company, Acme Supplies Limited, Ajit Industries Pvt. Ltd., DuPont, GOMEC, Henkel AG & Co, Honeywell International Inc., HS Tape, Kohinoor Enterprises, Nitto Denko Corporation, ORAFOL Europe GmbH, REFLOMAX, Scapa Group plc, Shiva Industries, and TapeIndia.

Key Findings of the Study:

  • By material type, the plastic resin segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.4% from 2022 to 2031.
  • By product type, double-sided reflective tape segment is holds highest growth rate, in terms of revenue, registering a CAGR of 7.1% from 2022 to 2031.
  • By end-use industry, the building and construction end user industry segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.1% from 2022 to 2031.
  • By region, Asia-Pacific garnered the highest share of 46% in 2021, in terms of revenue, growing at a CAGR of 7.8%.

Companies Mentioned

  • The 3M Company
  • Acme Supplies Limited
  • Aggarwal Brothers
  • Asian Paints
  • Bostik
  • DuPont
  • H.B. Fuller
  • Henkel AG and Co.
  • Isoltema Group
  • Jining Xunda Pipe Coating Materials Co. Ltd.
  • Nitto Denko Corporation
  • Omega Rubber Industries
  • Saint-Gobain
  • Scapa Group plc
  • Vijay Agency

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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