Reflective Material Market Report 2021-26: Share, Demand, Share, Size, Growth and Outlook
According to the latest report by IMARC Group “Reflective Material Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026“, The global reflective material market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
Reflective materials refer to membrane structures that comprise adhesives, functional layer, protective film, and optical-grade glassfor allowing light to reflect on various surfaces. These materials are commonly mixed with paints, weaved into a fabric or employed for making safety devices, such as markers, reflectors, and road signs. These structures are capable of changing their solar reflectance depending upon the outdoor temperature and irradiation.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The global market is majorly driven by the increasing need for preventing road accidents. With the rising cases of vehicle collisions on the global level, road safety authorities are undertaking initiatives to invest in road safety devices and textiles, which is providing a boost to the uptake of reflective materials. Moreover, these materials are widely employed in the aerospace sector for enhancing pilot visibility and preventing mid-aid collisions. The market is further driven by the rising demand for camouflage patterns made using infrared (IR) reflective textiles in an attempt to avoid warfighters’ detection by enemy IR sensors.
Breakup by Product:
Fabrics
Sheet
Paints and Inks
Tape and Films
Coatings
Specialty Products
Others
Breakup by Application:
Textiles
Construction and Roads
Automotive
Electronics and Semiconductors
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
3M Company
ALANOD GmbH & Co. KG
Avery Dennison Corporation
Changzhou Hua R Sheng Reflective Material Co. Ltd
Coats Group Plc
Daoming Reflective Material India Pvt. Ltd.
NIPPON CARBIDE INDESTRIES CO. INC.
ORAFOL Europe GmbH, Reflomax
SKC Co Ltd
Yeshili NEW Materials Co. Ltd.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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