Retro-Reflective Materials Market - Global Forecast to 2023 - ResearchAndMarkets.com

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The "Retro-Reflective Materials Market by Technology (Microprismatic, Glass & Ceramic Beads), Product Type (Films, Paints), Application (Traffic & Work Zone, Conspicuity, Fleet & Vehicle Registration, Personal Safety) & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The retro-reflective materials market is estimated at USD 5.58 billion in 2018 and is projected to reach USD 12.49 billion by 2023, at a CAGR of 17.5% between 2018 and 2023.

The increasing demand for retro-reflective materials due to stringent government regulations regarding worker and vehicle safety is one of the most significant factors projected to drive the growth of the retro-reflective materials market. Also, the growing construction & infrastructure industry requires the use of retro-reflective materials in applications, such as road markings, signboards, and safety cones, among others.

The significant spending on construction is also contributing to the growth of the retro-reflective materials market. However, there is low awareness regarding the use of safety products in emerging economies which is acting as a restraint to the growth of the retro-reflective materials market.

Market Dynamics

Drivers

  • Stringent Government Regulations Regarding Worker and Vehicle Safety
  • Increased Demand for Retro-Reflective Materials to Enhance Nighttime and Low Light Condition Visibility
  • Large Construction Spending in Developing Economies

Restraints

  • Low Retro-Reflectivity of Glass Beads
  • Less Awareness Regarding Safety Products in Developing Economies

Opportunities

  • Use of Ceramic Beads Technology for Enhanced Retro-Reflectivity

Challenges

  • Limited Shelf Life of Retro-Reflective Products
  • High Manufacturing Cost of Ceramic Beads and Microprismatic Technologies

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Macroeconomic Overview and Key Trends

7 Retro-Reflective Materials Market, By Technology

8 Retro-Reflective Materials Market, By Product Type

9 Retro-Reflective Materials Market, By Application

10 Retro-Reflective Materials Market, By Region

11 Competitive Landscape

12 Company Profiles

  • 3M
  • Avery Dennison Corporation
  • Orafol Europe GmbH
  • Dominic Optical Inc.
  • Changzhou Hua R Sheng Reflective Material Co., Ltd.
  • Coats Group Plc
  • Nippon Carbide Industries Co., Inc.
  • Paiho Group
  • Asian Paints PPG Pvt. Ltd.
  • Reflomax
  • JRC Reflex SAS
  • Aura Optical Systems, LP
  • American & Efird
  • Magnacolours
  • Halo Coatings
  • Reflectionight
  • Dongguan Yufon Textile Materials Co. Ltd
  • Yeshili Reflective Materials Co., Ltd.
  • Viz Reflectives
  • Unitika Sparklite Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/6w492z/retroreflective?w=4

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Published By:

Business Wire: 17:16 GMT Wednesday 16th May 2018

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