Global Retro-Reflective Materials Sales Market Report 2021

Retro-reflective material is made using tiny glass beads or microprismatic which reflect light directly back toward its source, from a much wider angle than reflective material. Retro-reflective materials can be incorporated into traffic control signs, clothing, helmets, bike equipment, backpacks or personal safety items .A typical example of Retro-reflectivity is seen when the light from automobile headlights are redirected to the drivers eyes from traffic signs at night.
3M and Avery Dennison are two leading players in the retro-reflective materials market. These two companies hold the market share for 18.19% and 15.12% separately. The giant in this market is focused on expanding its product portfolio and gaining a competitive edge over other players in the retro-reflective materials market.
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 night-time conditions.

Market Analysis and Insights: Global Retro-Reflective Materials Market
The global Retro-Reflective Materials market was valued at US$ 4354.4 in 2020 and will reach US$ 5573.6 million by the end of 2027, growing at a CAGR of 4.2% during 2022-2027.

Global Retro-Reflective Materials Scope and Market Size
The global Retro-Reflective Materials market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Retro-Reflective Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Microprismatic
Glass Beads

Segment by Application
Traffic Signs
Construction/Work Zone Products
Car License Plate Sheeting
Conspicuity Marking Tape
Others

The Retro-Reflective Materials market is analysed and market size information is provided by regions (countries). Segment by Application, the Retro-Reflective Materials market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
3M
Avery Dennison
Orafol Europe GmbH
DM Reflective
Changzhou Hua R Sheng
NCI
Coats Group Plc
Crystal-optech
Paiho Group
Viz Reflectives
Giolite-Lumian
Reflomax
Unitika Sparklite
Aura Optical Systems
JRC
Halo Coatings
GBlight
Quanzhou FLIGHT Reflective Material Co.,Ltd