According to the latest report by IMARC Group “Reflective Material Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global reflective material market reached a value of US$ 6.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2027, exhibiting a CAGR of 5.37% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Reflective materials refer to membrane structures that comprise adhesives, functional layer, protective film, and optical-grade glassfor allowing light to reflect on various surfaces. These materials are commonly mixed with paints, weaved into a fabric or employed for making safety devices, such as markers, reflectors, and road signs. These structures are capable of changing their solar reflectance depending upon the outdoor temperature and irradiation.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global market is majorly driven by the increasing need for preventing road accidents. With the rising cases of vehicle collisions on the global level, road safety authorities are undertaking initiatives to invest in road safety devices and textiles, which is providing a boost to the uptake of reflective materials. Moreover, these materials are widely employed in the aerospace sector for enhancing pilot visibility and preventing mid-aid collisions. The market is further driven by the rising demand for camouflage patterns made using infrared (IR) reflective textiles in an attempt to avoid warfighters’ detection by enemy IR sensors.
Reflective Material Market Report Scope
Market size value in 2021
US$ 6.1 Billion
Market forecast in 2027
US$ 8.4 Billion
CAGR of 5.37% from 2022 to 2027
Base year for estimation
Breakup by Product:
- Paints and Inks
- Tape and Films
- Specialty Products
Breakup by Application:
- Construction and Roads
- Electronics and Semiconductors
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 3M Company (NYSE: MMM)
- ALANOD GmbH & Co. KG
- Avery Dennison Corporation (NYSE: AVY)
- Changzhou Hua R Sheng Reflective Material Co. Ltd
- Coats Group Plc (LON: COA)
- Daoming Reflective Material India Pvt. Ltd.
- NIPPON CARBIDE INDESTRIES CO. INC. (TYO: 4064)
- ORAFOL Europe GmbH
- SKC Co Ltd (KRX: 011790)
- Yeshili NEW Materials Co. Ltd.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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