Global Reflective Material Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global reflective material market in its upcoming report titled, “Global Reflective Material Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global reflective material market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The reflective material market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Reflective materials are manufactured from a variety of optical quality glass beads. These glass beads are packed together and coated with an aluminum coating. The reflective material is a product embedded on surface of the cloth. Each bead used is a rounded mirror that reflects the light back directly to its source irrespective of the angle which the light shines.
On the basis of product type, reflective coating in the global reflective material is estimated to hold major revenue share and is expected to maintain its dominance over the forecast period. Reflective coating is microspheres used on the surfaces of either solvent-based paints or water. Glass blades in the reflective coating transmits maximum light and generate enhanced retro-reflectivity.
On the basis of application, construction & roads application segment is estimated to hold major revenue share in global reflective material market over the forecast period. Reflective materials are used to control light intensity in various applications such namely reflectors, display panels, decorative trims, and lighting lens. Growing demand for high visibility fabric from workplace safety and traffic management is expected to drive market growth over the forecast period.
Asia Pacific market is estimated to hold significant revenue share in the global reflective material market, in 2017 and is expected to maintain its dominance over the forecast period. Presence of large number of refractive material manufacturers in the region is expected to fuel market growth over the forecast period. The Asia Pacific accounts for largest revenue share contribution to the target market, followed by markets in North America, Europe, Latin America, and Middle East & Africa respectively. Growing automotive and textile industries in countries such as China and India is anticipated to boost market growth over the forecast period. Rapid industrialization coupled with urbanization in the region is expected to fuel market growth over the forecast period. Availability of raw materials such as microsphere and glass beads used in refractive materials production in the region is anticipated to propel market growth.
Market segmentation and key players operating in the global reflective material market:
By product type:
- Reflective coating
- Reflective fabrics
- Specialty products
- Reflective tape
- Reflective paints
- Reflective sheet
- Others (reflective films and reflective inks)
- Construction & roads
- Electronics & semiconductors
- Others (aerospace, shipping, and tents & shelter)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2027 Revenue in US$
- Alanod GmbH & Co. KG
- Avery Dennison Corporation
- Daoming Optics & Chemical Co., Ltd.
- 3M Company
- ORAFOL Europe GmbH
- Yeshili Reflective Materials Co., Ltd.
- Hangzhou Chinastars Reflective Material Co., Ltd.
- SKC Co., Ltd.
- Jisung Corporation
- Reflomax Company, Ltd.
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