DUBLIN--(BUSINESS WIRE)--May 16, 2018--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 increasing demand for retro-reflective materials due to stringent government regulations regarding worker and vehicle safety is one of the most significant factors projected to drive the growth of the retro-reflective materials market. Also, the growing construction & infrastructure industry requires the use of retro-reflective materials in applications, such as road markings, signboards, and safety cones, among others.

The significant spending on construction is also contributing to the growth of the retro-reflective materials market. However, there is low awareness regarding the use of safety products in emerging economies which is acting as a restraint to the growth of the retro-reflective materials market.

Market Dynamics

Drivers

Stringent Government Regulations Regarding Worker and Vehicle Safety Increased Demand for Retro-Reflective Materials to Enhance Nighttime and Low Light Condition Visibility Large Construction Spending in Developing Economies

Restraints

Low Retro-Reflectivity of Glass Beads Less Awareness Regarding Safety Products in Developing Economies

Opportunities

Use of Ceramic Beads Technology for Enhanced Retro-Reflectivity

Challenges

Limited Shelf Life of Retro-Reflective Products High Manufacturing Cost of Ceramic Beads and Microprismatic Technologies

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/6w492z/retroreflective?w=4

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SOURCE: Research and Markets

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PUB: 05/16/2018 12:16 PM/DISC: 05/16/2018 12:16 PM

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