San Francisco, 17 December 2018, Reflective
Material Market Analysis By Product (Fabric, Sheet, Paints & Inks, Tapes
& Films, Coatings, Specialty Products), By Application (Textiles,
Construction & Roads, Automotive, Electronics), & Segment Forecasts,
2018 – 2025
The global reflective materials market value is anticipated to
reach USD 31.14 billion by 2025, according to a new report by Grand View
Research, Inc. The rising high-visibility fabric demand for the work place and
safety and traffic management is expected to be a key factor steering the
growth in the coming years.
Applications predominately
include coatings use in the construction & roads and textile sectors. It is
utilized in manufacturing architectural glasses, solar panels, windows, and a
broad range of apparels such as shirts, sportswear, shoes, vests, jackets,
fashion, armbands, signs, belts, safety vests, badges, backpacks, raincoats,
and belts.
The growing demand in key
industries including automotive, construction and road infrastructure are
expected to increase the consumption globally. Economic and industrial
developments in economies such as China, Japan, and India have contributed
significantly to the market expansion over the recent past.
Coatings dominated the global
product consumption while accounting for over 22% of the total market value in
2015. Key players in the space are expanding their R&D footprints worldwide
along with an implementation of advanced technologies to sustain in the high
market competition and explore new industrial opportunities.
Access Full Research
Report On Reflective Material Market Analysis:
www.grandviewresearch.com/industry-analysis/reflective-material-market
www.grandviewresearch.com/industry-analysis/reflective-material-market
Further key findings from the report suggest:
·
The global reflective materials
demand exceeded 17,000 kilo tons in 2015 and is estimated to grow at a CAGR of
4.8% from 2016 to 2025
·
Construction & roads sector
dominated the global consumption with demand exceeding 5,400 kilo tons in 2015.
Construction & roads accounted for over 32% of total revenue in 2015.
·
Asia Pacific is expected to
witness the fastest growth over the next nine years and is projected to grow at
an estimated CAGR of 5.4% over the forecast period. Abundant raw material
availability in the region including glass beads and microspheres used in
manufacturing process is expected to lead to higher profit margins for industry
participants and acquire untapped markets effectively.
·
The U.S. reflective fabric
demand is estimated to reach a net worth of USD 336.7 million by 2025 at a CAGR
of 5.2% from 2016 to 2025.
·
Product demand in automotive
sector in Europe was over 800 kilo tons in 2015 and is estimated to grow at a
CAGR of 4.5% over the forecast period to reach a total volume exceeding 1,200
kilo tons by 2025.
·
Key players operating in the
global reflective materials market comprise 3M, Denki Kagaku, Avery Dennison,
ORAFOL, DM Reflective Materials, Changzhou Hua R Sheng and Yeshili Reflective
Materials
·
Acquisitions and expansions are
the two major business strategies adopted by multinational companies to
increase their product portfolio and industry penetration
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the
reflective materials market on the basis of product, application and region:
Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
·
Fabric
·
Sheet
·
Paints & Inks
·
Tape & Films
·
Coatings
·
Specialty Products
·
Others
Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Textiles
·
Construction & Roads
·
Automotive
·
Electronics &
Semiconductors
·
Others
Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
·
Asia Pacific
o
China
o
Japan
o
India
·
Middle East & Africa
o
Egypt
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-reflective-material-market
www.grandviewresearch.com/press-release/global-reflective-material-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
