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Global Retro-Reflective Materials Market – Analysis and Forecast to 2024 | Paiho Group, Reflomax

The global retro-reflective materials market was projected to reach USD 14.0 billion by 2024, at a CAGR of 19.0% during the forecast period. The global retro-reflective materials market is projected to witness a significant growth in the coming years owing to the stringent government regulations regarding worker and vehicle safety. These materials are used to increase the night time conspicuity of traffic signs, high-visibility clothing, and other items. In the light of an approaching vehicle, this makes them safe and effectively visible. Also, they are primarily used as a material to increase the barcodes scanning range in factory setting.

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Geographic Overview
Globally, Asia-Pacific is the largest retro-reflective materials market, owing to the expansion of various industries in the region including construction and infrastructure, automotive and transportation, and others. Due to the rise in construction projects to meet the infrastructure demand of growing population, the Asia-Pacific region is anticipated to witness the fastest growth in the market.

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Competitive Insight
Some of the key players operating in the retro-reflective materials industry are 3M, Avery Dennison Corporation, Changzhou Hua R Sheng Reflective Material Co., Ltd., Coats Group Plc, Dominic Optical Inc., Nippon Carbide Industries Co., Inc., Reflomax, Asian Paints PPG Pvt. Ltd., Paiho Group, Orafol Europe GmbH, JRC Reflex SAS, and Halo Coatings.

Global Retro-Reflective Materials Market Coverage

Technology Insight and Forecast 2014 – 2024

  • Microprismatic Technology
  • Glass Beads Technology
  • Ceramic Beads Technology

Application Insight and Forecast 2014 – 2024

  • Traffic Control & Work Zone
  • Conspicuity
  • Fleet & Vehicle Registration
  • Personal Safety
  • Others (Marine, Photosensors, Machinery)

Product Type Insight and Forecast 2014 – 2024

  • Films, Sheets & Tapes
  • Paints, Inks & Coatings
  • Others

Geographical Segmentation

Retro-Reflective Materials Market by Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • U.K.
  • France
  • Russia
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa (MEA)

  • South Africa
  • Saudi Arabia
  • U.A.E.
  • Rest of MEA

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