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Global Reflective Material Market: By Product: Reflective Fabric, Reflective Sheet, Reflective Paints and Inks, Tape, Coatings, Speciality Products, Others; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Reflective Material Market Outlook

The global reflective material market attained a value of nearly USD 5.41 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 5%.


Asia Pacific Region to Hold a Significant Share of Reflective Material Industry

The Asia Pacific region is witnessing robust growth owing to the flourishing automotive industry in the region. The tapes are used in automobiles to increase their visibility in low-light, dark, and foggy conditions. Therefore, the surging production of automobiles in countries such as India and China is impacting the market growth positively. Moreover, the introduction of favourable government initiatives to improve road safety is further accelerating the market growth. For instance, the Indian government in 2020 instructed the use of reflective tapes in vehicles to avoid accidents due to hazy weather and fog. Moreover, rapid industrialisation and the rising demand for employee safety in the construction industry are increasing the demand for reflective materials, further augmenting the market growth.

 

Reflective Material Market

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According to the World Health Organisation (WHO), nearly 1.35 million people die from road traffic crashes each year. This is increasing the demand for road safety products such as barricade tapes, barriers, speed brakes, markers and reflectors, which use various reflective materials, hence aiding the market growth. Moreover, the healthy growth of various industries, including oil and gas, construction, aviation, and automotive, use reflective materials extensively to enhance safety. This is further propelling the market growth. The rising demand for safety helmets painted with reflective material to avoid injuries and accidents in various industries is providing further impetus to the market growth.


Reflective Material: Industry Definition and Segmentation

Reflective material is a material that consists of tiny glass beads, which reflect light to the source. It is used in hind-end jackets, running gears, professional safety uniforms, and biking equipment, among others. As it appears brightest to an observer near the original light source, it can help the eye perceive in low-light conditions and prevent accidents.

The major products of reflective materials are:

  • Reflective Fabric
  • Reflective Sheet
  • Reflective Paints and Inks
  • Tape
  • Coatings
  • Speciality Products
  • Others

Based on the applications, the market is segmented into:

  • Automotive
  • Construction and Roads
  • Electronics and Semiconductors
  • Textiles
  • Others

The EMR report looks into the regional markets of reflective material like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.


Rising Use of Reflective Paints and Sheets Boosting the Growth of Reflective Material Industry

Rapid climate change is leading to the development of innovative ways to reduce energy consumption. This is increasing the use of light-reflective paints in warm regions to cool the enclosed space while reducing the electricity cost. Moreover, the use of reflective materials also increases the durability of roofing, hence are cost-effective. In addition, it can reduce the amount of ultraviolet (UV) rays that damage furnishing and fabrics. Moreover, the rising purchasing power in various developed countries such as the United States, Canada, and the United Kingdom is increasing the demand for luxury cars. Hence, it is increasing the demand for reflective paints, further catalysing the industry growth.

The growing use of smart transport system to achieve traffic efficiency is promoting the use of reflective materials to enhance road system, hence aiding the market growth. The development of reflective materials with innovative technology and eco-friendly materials owing to increasing research and development (R&D) activities is expected to further propel the market growth. Moreover, the increasing innovations in retroreflective technologies, such as the integration of LED sources, which enhances visibility at long distances, are expected to boost the market growth in the forecast period. Additionally, the use of ceramic beads technology enables easy installation, durability, and enhanced performance, which is further invigorating the market growth.


Key Industry Players in the Global Reflective Material Market

The report presents a detailed analysis of the following key players in the global reflective material market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • 3M Co.
  • Avery Dennison Corporation
  • SKC hi-tech & Marketing
  • ORAFOL Europe GmbH
  • Daoming Optics and Chemical Co. Ltd
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Regions
Breakup by Product Reflective Fabric, Reflective Sheet, Reflective Paints and Inks, Tape, Coatings, Speciality Products, Others
Breakup by Application Automotive, Construction and Roads, Electronics and Semiconductors, Textiles, Others
Breakup by Regions North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered 3M Co., Avery Dennison Corporation, SKC hi-tech & Marketing, ORAFOL Europe GmbH, Daoming Optics and Chemical Co. Ltd, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Reflective Material Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Reflective Material Historical Market (2016-2020) 
    8.3    Global Reflective Material Market Forecast (2021-2026)
    8.4    Global Reflective Material Market by Product
        8.4.1    Reflective Fabric
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Reflective Sheet
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Reflective Paints and Inks
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Tape
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Coatings
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Speciality Products
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Others
    8.5    Global Reflective Material Market by Application
        8.5.1    Automotive
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Construction and Roads
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Electronics and Semiconductors
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Textiles
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Reflective Material Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    3M Co.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Avery Dennison Corporation
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    SKC hi-tech & Marketing
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    ORAFOL Europe GmbH
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Daoming Optics and Chemical Co. Ltd
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved        
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Figures and Tables

1.    Global Reflective Material Market: Key Industry Highlights, 2016 and 2026
2.    Global Reflective Material Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Reflective Material Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Reflective Material Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Reflective Material Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Reflective Material Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Reflective Material Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Reflective Material Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Reflective Material Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Reflective Material Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Reflective Material Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Reflective Material Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Reflective Material Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Reflective Material Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Reflective Material Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Reflective Material Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Reflective Material Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global Reflective Material Market Structure

Key Questions Answered in the Report

In 2020, the global reflective material market attained a value of nearly USD 5.41 billion.

The market is projected to grow at a CAGR of 5% between 2021 and 2026.

The industry is being driven by the robust growth of the automotive industry and the rising demand for reflective materials to improve road safety.

The market is expected to be driven by the rising use of light-reflective paints, the growing demand for luxury cars, and increasing innovations in retroreflective technologies.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major products of reflective material in the industry are reflective fabric, reflective sheet, reflective paints and inks, tape, coatings, and speciality products, among others.

The significant applications of the product are automotive, construction and roads, electronics and semiconductors, and textiles, among others.

The major players in the industry are 3M Co., Avery Dennison Corporation, SKC hi-tech & Marketing, ORAFOL Europe GmbH, and Daoming Optics and Chemical Co. Ltd, among others.

Analyst Review

The global reflective material market attained a value of USD 5.41 billion in 2020, driven by the rising demand for safety in various industries. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the reflective material industry can be segmented into reflective fabric, reflective sheet, reflective paints and inks, tape, coatings, and speciality products, among others. On the basis of applications, the industry is divided into automotive, construction and roads, electronics and semiconductors, and textiles, among others. The major regional markets for reflective material are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 3M Co., Avery Dennison Corporation, SKC hi-tech & Marketing, ORAFOL Europe GmbH, and Daoming Optics and Chemical Co. Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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