What is Retro Reflective Materials Market Scope?
Retro-reflective materials are used to reflect the light with minimal scattering. In dark and low-light conditions, objects covered with retro-reflective material could be easily detected. Since its inception, these materials are extensively used in the automobile industry for decades to maintain road safety standards. These materials have no substitute, hence the growth rate of the retro-reflective materials is substantially high. Moreover, owing to the industrial safety regulations has hugely benefitted the market growth and has added value over the past half-decade. Increase in awareness in industries to enhance industrial safety by incorporating retro-reflective materials on clothing and industrial apron to ensure employees safety is set to bolster the demand in long-run. Furthermore, retro-reflective materials are also utilized in substantial amounts in building & construction and infrastructure projects to reflect the solar radiation and to maintain the building temperature.
The Retro Reflective Materials market study is being classified by Type (Paints, Inks & Coatings, Film, Sheets & Tapes and Others), by Application (Traffic Control & Work Zone, Safety Apparel, Industrial Equipment and Others) and major geographies with country level break-up.
Canada's retro-reflective materials market is slightly fragmented in nature with the presence of numerous international players. Key players in the market are focused on expansions through partnerships and acquisitions. These players aim to provide a scattering range of retro-reflective materials suited for different commercial and industrial purposes. Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Retro Reflective Materials market throughout the predicted period.
3M (United States), Avery Dennison (United States), ORAFOL Europe GmbH (Germany), Dominic Optical (China), Changzhou Hua R Sheng Reflective Material (China), Coats Group (United Kingdom), Nippon Carbide Industries (Japan), Paiho Group (Taiwan), Asian Paints PPG (India) and Reflomax (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Aura Optical Systems, LP (United States), Viz Reflectives (United Kingdom), Unitika Sparklite Ltd. (Japan) and Halo Coatings (United States).
Analyst at AMA have segmented the market study of Global Retro Reflective Materials market by Type, Application and Region.
On the basis of geography, the market of Retro Reflective Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In October 2017, 3M acquired Scott Safety (US), which is a key manufacturer of innovative products that include self-contained breathing apparatus (SCBA) systems, gas and flame detection instruments, and other safety devices.
- Stringent Government Regulations Regarding Worker and Vehicle Safety
- Increased Demand for Retro-Reflective Materials to Enhance Night time and Low Light Condition Visibility
- Large Construction Spending in Developing Economies
- Use of Ceramic Beads Technology for Enhanced Retro-Reflectivity
- Low Retro-Reflectivity of Glass Beads
- Less Awareness Regarding Safety Products in Developing Economies
- Limited Shelf Life of Retro-Reflective Products
- High Manufacturing Cost of Ceramic Beads and Microprismatic Technologies
Key Target AudienceRetro-Reflective Materials Manufacturers, Raw Material Suppliers, Research/Consultancy firms, Technology Solution Providers, Traders/Exporters/Importers and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research & Media features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.