Retroreflective Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
- December 2020
- 0 pages
A retroreflector is a material used to reflect back light beam toward its source with minimum or no scattering. Retroreflectors are naturally present in eyes of some animals. It is known as eyeshine. Retroreflectors are primarily used to increase visibility during night.
The retroreflective materials market can be segmented based on material, type, application, and region. In terms of material, the market can be divided into glass, plastic, and others. The others segment includes silica. Based on type, the market can be bifurcated into beads and prisms. Beads are easy to manufacture and are employed in retroreflective textiles. The beads segment can be further divided into exposed beads and encapsulated beads. Encapsulated beads offer higher efficiency than exposed beads. Prisms are brighter then beads. Based on application, the market can be split into automotive and traffic navigation, personal protective equipment, construction & manufacturing industry, mining, firefighting industry, consumer products, and others. The automotive and traffic navigation segment can be sub-segmented into taillights of vehicles, road signs, vehicle safety, and pavement markings. The personal protective equipment segment can be sub-divided into protective clothing, gloves, head protection, and others. The consumer products segment can be further split into barcodes, digital cameras, and others. The others segment can be sub-divided into satellites, 3D displays, motion pictures, and others. Based on region, the retroreflective materials market can be segregated into Asia Pacific, Europe, Middle East & Africa, North America, and Latin America.
Rise in traffic during the night time is the major factor driving the global market for retroreflective materials. Enhancement in road safety navigations and improvement in retroreflective materials technologies are anticipated to propel the retroreflective materials market in the near future. Increase in regulations for employee safety is expected to boost the retroreflective materials market. However, short life of products and availability of substitutes are projected to restrain the retroreflective materials market in the near future.
The glass segment is anticipated to dominate the market during the forecast period. Demand for glass spheres or beads is estimated to increase in the next few years. The personal protective equipment (PPE) segment is estimated to hold significant share of the retroreflective materials market during the forecast period owing to the increase in communicable diseases. Demand for retroreflective materials is likely to rise in the automotive and traffic navigation application segment across the globe. In traffic navigation, retroreflectors are primarily used on highways, and for road safety markings where night-time traffic is considerable. Demand for retroreflectors is expected to rise in mining and firefighting industries for labor safety. Asia Pacific is anticipated to dominate the retroreflective materials market in the next few years owing to the increase in road accidents and rise in consumption of personal protective equipment. Europe is estimated to hold prominent share of the market during the forecast period. Demand for glass beads is estimated to rise in personal protective equipment in the region. North America is projected to offer lucrative opportunities to the retroreflective materials market in the next few years. The retroreflective materials market is likely to expand at a rapid pace in Latin America, followed by that in Middle East & Africa, in the near future.
Major players operating in the global retroreflective materials market include 3M, ORAFOL Europe GmbH, SATRA Technology Europe Centre Ltd., and Nippon Carbide Industries Co.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents