Press release
Retro-Reflective Materials Market: Competitive Dynamics & Global Outlook 2023
Retro-reflective material is made using tiny glass beads or microprismatic which reflect light directly back toward its source, from a much wider angle than reflective material. Retro-reflective materials can be incorporated into traffic control signs, clothing, helmets, bike equipment, backpacks or personal safety items .A typical example of Retro-reflectivity is seen when the light from automobile headlights are redirected to the drivers eyes from traffic signs at night.
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Global Retro-Reflective Materials Market: Forecast by Type / Application / Region
3M and Avery Dennison are two leading players in the retro-reflective materials market. These two companies hold the market share for 12.98% and 13.09% separately. The giant in this market is focused on expanding its product portfolio and gaining a competitive edge over other players in the retro-reflective materials market.
From the view of region, Asia Pacific is to dominate the global market，especially China which hold a 28.12% market share of the whole market in 2018. The North America and Europe markets are following China take 24.71% and 23.65% separately. The rest market, owing to the rising demand for the construction, traffic and personal safety needs for retro-reflective material will witness a steadily growth during next eight years.
According to this study, over the next five years the Retro-Reflective Materials market will register a 6.4% CAGR in terms of revenue, the global market size will reach US$ 6350 million by 2024, from US$ 4670 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Retro-Reflective Materials business, shared in Chapter 3.
Global Retro-Reflective Materials Market: Key Players
3M
Avery Dennison
Orafol Europe GmbH
DM Reflective
Huarsheng
Coats Group Plc
NCI
Crystal-optech
Paiho Group
Viz Reflectives
Reflomax
Unitika Sparklite
Aura Optical Systems
JRC
Halo Coatings
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Related Information:
United States Retro-Reflective Materials Market Research Report 2018
Europe Retro-Reflective Materials Market Research Report 2018
North America Retro-Reflective Materials Market Research Report 2018
Asia-Pacific Retro-Reflective Materials Market Research Report 2018
China Retro-Reflective Materials Market Research Report 2018
EMEA Retro-Reflective Materials Market Research Report 2018
Global Retro-Reflective Materials Market Research Report 2018
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