Retroreflective Materials Market: Excellent reflective materials to enhance visibility at night and in low light conditions
- A retroreflector is a material used to reflect back light beam toward its source with minimum or no scattering. Retroreflectors are primarily used to increase visibility during low visibility conditions.
- Retroreflective materials are available in the form of threads, fabrics, paints & coatings, tapes, and films. The materials are mainly employed to enhance the conspicuity of traffic signs and signals and personal protective equipment such as foot & leg protection, protective clothing, face & eye protection, hand & arm protection, and head protection.
- Films, sheets & tapes is anticipated to be key product segment of the global retroreflective materials market. Extensive applications of various product types in numerous end-use industries, such as automotive & transportation, construction & infrastructure, and apparel, is projected to propel the demand for retroreflective materials.
- Automotive & traffic navigation is a key application segment of the global retroreflective materials market. The wide range of applications such as construction of traffic signals and signs coupled with rapid infrastructural developments primarily in developing countries is anticipated to drive the demand for retroreflective materials during the forecast period.
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Rising safety concerns in automotive and transportation to drive the demand for retroreflective materials
- Increasing utilization of retroreflective materials in automotive & transportation projects due to rising safety concerns regarding visibility at night and in low light conditions is anticipated to drive the demand for retroreflective materials across the globe
- Moreover, enforcement of government-enacted regulations regarding vehicle safety is estimated to fuel the demand for road safety navigation products, which in turn is likely to boost the demand for retroreflective materials
- The augmented demand for retroreflective materials in highway vehicle control sytems is anticipated to propel the demand for the materials during the forecast period
Microprismatic technology to hold key share of global retroreflective materials market
- Microprismatic technology enables materials to reflect up to 80% of light back to the source. Thus, superior retro-reflectivity is offered by microprismatic technology, as compared to that offered by other technologies such as glass beads and ceramic beads.
- Increasing adoption of products that offer high degree of reflectivity, in order to enhance safety, is driving the demand for microprismatic technology of the global retroreflective materials market
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Asia Pacific to dominate global retroreflective materials market
- In terms of geography, the global retroreflective materials market can be split into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is a key market for retroreflective materials, globally. Expansions in the automotive & transportation and construction & infrastructure industries in countries such as China, India, Vietnam, Malaysia, and those in ASEAN is estimated to drive the market in Asia Pacific in the near future.
- Rising consumption of safety construction products in the public infrastructures is estimated to boost the retroreflective materials market owing to its excellent properties such as higher reflectivity.
- The retroreflective materials market in North America and Europe is mature as compared to the market in Asia Pacific. Thus, the market in these regions is expected to expand at a steady pace during the forecast period.