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    Retro Reflective Materials Market Report

    Retro Reflective Materials Market Report
    Report code - SRAM637 Delivery - 2 Weeks
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    Retro-Reflective Materials Market Size, Share, Trend, Forecast, & Industry Analysis &n See more...

    Impact of COVID-19 on Retro Reflective Materials Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Retro Reflective Materials Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Retro-reflective materials market is likely to witness an impressive CAGR of 18.2% during the forecast period. The major factors bolstering the demand for retro-reflective materials are mainly the expanding construction industry in emerging economies and stringent government regulations, concerning workers and vehicle safety, which are the key driving factors for the retro-reflective materials market during the forecast period.

    Retro-Reflective Materials Market – Snapshot

    Growth

    18.2% for the next five years

    Major Product Type

    Films, Sheets & Tapes

    Dominant Application Type

    Traffic Control & Work Zone

    Region with the highest demand

    Asia-Pacific  

    Key Players

    The 3M Company, Avery Dennison Corporation, ORAFOL Europe GmbH, Changzhou Hua R Sheng Reflective Material Co., Ltd, Coats Group plc, NIPPON CARBIDE INDUSTRIES CO., INC., Taiwan Paiho Company Limited, Asian Paints PPG, American & Efrid LLC, and Reflomax.

    Segment Analysis

    Retro-Reflective-Materials-Market-Dominant-Segments

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    Retro-Reflective Materials Market Share: By Product Type

    Based on the product type, the market is segmented as films, sheets, & tapes; paints, inks, & coatings; and others. The films, sheets & tapes segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. Retro-reflective films, sheets, and tapes have a wide range of applications in different industries, they are widely used in public security, traffic, sanitation, fire, railway, municipal, coal mine safety facilities, and other such applications.

    Retro-Reflective Materials Market Share: By Application Type

    Based on the application type, the retro-reflective materials market is segmented as traffic control & work zone, conspicuity, fleet & vehicle registration, personal safety, and others. The traffic control & work zone segment dominates the market, as retro-reflective materials are majorly used on highways, roadways, and at work zone sites, such as warning signboards, traffic control sign boards, guidance signboards, and informational signboards.

    Retro-Reflective Materials Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest market for retro-reflective materials during the forecast period, with China, Japan, and India being the countries with lucrative growth opportunities. The growth of the market is mainly driven by the rising construction and industrial sectors in the major economies of the region. Increasing demand for automobiles in the region and the implementation of stringent government regulations are expected to further drive the region’s retro reflective materials market over the forecast period.

    Retro-Reflective-Materials-Market-By-Region

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    Market Scope & Segmentation

    Retro-reflective materials are the materials which are reflective in nature and reflect light to their original path. These materials are made from the tiny glass beads that reflect light directly back towards their original source. During night time, retro-reflective materials can be seen clearly by reflecting light and are mainly used for roads, traffic safety clothing, automobiles, ships, fairways, various passageways, and related mechanical equipment.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Retro-Reflective Materials Market Research Report – Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The retro-reflective materials market is segmented into the following categories. 

    Retro-Reflective Materials Market Size, Share, & Forecast, by Technology Type:

    • Microprismatic Technology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass Beads Technology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ceramic Beads Technology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Retro-Reflective Materials Market Size, Share, & Forecast, by Product Type:

    • Films, Sheets & Tapes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Paints, Inks & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Type Analysis: Retro-Reflective Threads and Retro-Reflective Fabrics)

    Retro-Reflective Materials Market Size, Share, & Forecast, by Application Type:

    • Traffic Control & Work Zone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Conspicuity, Fleet & Vehicle Registration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Personal Safety (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Retro-Reflective Materials Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Retro-Reflective-Materials-Market-Segmentation

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    Key Players

    Some of the major retro-reflective material manufacturers are-

    • The 3M Company
    • Avery Dennison Corporation
    • ORAFOL Europe GmbH
    • Changzhou Hua R Sheng Reflective Material Co., Ltd
    • Coats Group plc
    • NIPPON CARBIDE INDUSTRIES CO., INC.
    • Taiwan Paiho Company Limited
    • Asian Paints PPG
    • American & Efrid LLC
    • Reflomax

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The retro-reflective materials market is expected to witness an impressive growth of 18.2% CAGR in the foreseeable future.

    The 3M Company, Avery Dennison Corporation, ORAFOL Europe GmbH, Changzhou Hua R Sheng Reflective Material Co., Ltd, Coats Group plc, NIPPON CARBIDE INDUSTRIES CO., INC., Taiwan Paiho Company Limited, Asian Paints PPG, American & Efrid LLC, and Reflomax are among the key players in the retro-reflective materials market.

    Asia-pacific is expected to remain the largest retro-reflective materials market during the forecast period of 2021-26.

    The films, sheets & tapes segment is expected to remain dominant in the retro-reflective materials market in the coming five years.

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