DUBLIN--(BUSINESS WIRE)--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 growth of the retro-reflective materials market can be attributed to the increasing use of retro-reflective materials in construction & infrastructure and automotive & transportation projects, owing to the property of offering safety by providing enhanced visibility in low light and nighttime conditions.
Segments Covered
Technology, Product Type, Application and Region
Based on technology, the retro-reflective materials market has been classified into microprismatic, glass beads, and ceramic beads. The microprismatic segment of the retro-reflective materials market is projected to grow at the highest CAGR during the forecast period, in terms of value.
Based on product type, the retro-reflective materials market has been classified into films, sheets & tapes, paints, inks & coatings, and others. The films, sheets & tapes segment is expected to lead the retro-reflective materials market during the forecast period, in terms of value.
Based on application, the retro-reflective materials market has been segmented into traffic control & work zone, conspicuity & fleet & vehicle registration, personal safety and others. The traffic control & work zone application segment is projected to lead the retro-reflective materials market during the forecast period, in terms of value.
APAC is the largest market for retro-reflective materials, in terms of value. The growth of the retro-reflective materials market in APAC can be attributed to the expansion of the construction & infrastructure and automotive & transportation industries in this region. The retro-reflective materials market in the APAC is projected to grow at the highest CAGR from 2018 to 2023, in terms of value, owing to the rise in construction projects.
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/4vvqvp/retroreflective?w=4
