Press release
Retro-Reflective Materials Market, Share, Development forecast to 2024
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.
The worldwide market for Retro-Reflective Materials is expected to grow at a CAGR of roughly 6.4% over the next five years, will reach 6350 million US$ in 2024, from 4670 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Retro-Reflective Materials in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
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 2018 Forecast to 2023
Europe Retro-Reflective Materials Market 2018 Forecast to 2023
North America Retro-Reflective Materials Market 2018 Forecast to 2023
Asia-Pacific Retro-Reflective Materials Market 2018 Forecast to 2023
China Retro-Reflective Materials Market 2018 Forecast to 2023
EMEA Retro-Reflective Materials Market 2018 Forecast to 2023
Global Retro-Reflective Materials Market 2018 Forecast to 2023
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