Reflective Materials Market Holds Growth Of $31.14 Billion By 2025 | Key Industry Players 3M, Denki Kagaku, Avery Dennison
San Francisco,
18 December 2018 - The
global reflective materials market value is anticipated
to reach USD 31.14 billion by 2025, according to a new report by Grand View
Research, Inc. The rising high-visibility fabric demand for the work place and
safety and traffic management is expected to be a key factor steering the
growth in the coming years.
Applications
predominately include coatings use in the construction & roads and textile
sectors. It is utilized in manufacturing architectural glasses, solar panels,
windows, and a broad range of apparels such as shirts, sportswear, shoes,
vests, jackets, fashion, armbands, signs, belts, safety vests, badges,
backpacks, raincoats, and belts.
The growing
demand in key industries including automotive, construction and road
infrastructure are expected to increase the consumption globally. Economic and
industrial developments in economies such as China, Japan, and India have
contributed significantly to the market expansion over the recent past.
Coatings
dominated the global product consumption while accounting for over 22% of the
total market value in 2015. Key players in the space are expanding their
R&D footprints worldwide along with an implementation of advanced
technologies to sustain in the high market competition and explore new
industrial opportunities.
To request a sample copy
or view summary of this report:
www.grandviewresearch.com/industry-analysis/reflective-material-market
www.grandviewresearch.com/industry-analysis/reflective-material-market
Further key
findings from the report suggest:
- The global
reflective materials demand exceeded 17,000 kilo tons in 2015 and is
estimated to grow at a CAGR of 4.8% from 2016 to 2025
- Construction
& roads sector dominated the global consumption with demand exceeding
5,400 kilo tons in 2015. Construction & roads accounted for over 32%
of total revenue in 2015.
- Asia
Pacific is expected to witness the fastest growth over the next nine years
and is projected to grow at an estimated CAGR of 5.4% over the forecast
period. Abundant raw material availability in the region including glass
beads and microspheres used in manufacturing process is expected to lead
to higher profit margins for industry participants and acquire untapped
markets effectively.
- The U.S.
reflective fabric demand is estimated to reach a net worth of USD 336.7
million by 2025 at a CAGR of 5.2% from 2016 to 2025.
- Product
demand in automotive sector in Europe was over 800 kilo tons in 2015 and
is estimated to grow at a CAGR of 4.5% over the forecast period to reach a
total volume exceeding 1,200 kilo tons by 2025.
- Key
players operating in the global reflective materials market comprise 3M,
Denki Kagaku, Avery Dennison, ORAFOL, DM Reflective Materials, Changzhou
Hua R Sheng and Yeshili Reflective Materials
- Acquisitions
and expansions are the two major business strategies adopted by multinational
companies to increase their product portfolio and industry penetration
Grand View Research has segmented the reflective
materials market on the basis of product, application and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
- Fabric
- Sheet
- Paints & Inks
- Tape & Films
- Coatings
- Specialty Products
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- Textiles
- Construction & Roads
- Automotive
- Electronics & Semiconductors
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- Japan
- India
- Middle East & Africa
- Egypt
Access Press Release Of This Research
Report by Grand View Research:
www.grandviewresearch.com/press-release/global-reflective-material-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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