Reflective sheeting is a flexible reflecting sheet, made
from retro reflective material. It is majorly used in road signs to augment
visibility in the night. It is also used to surge the scanning range of
barcodes in factories. It contains micro prismatic material and micro glass
beads, which are sealed onto a fabric & plastic substrate. Its standards
for road signs are characterized by technical standards for instance
ASTMD4956-11a.
Some possible characteristics are included safe, strong,
self-adhesive, wind resistant, easy to sew, water repellent, attractive,
durable, comfortable, and others.
According to study, “World
Reflective Sheeting Market Research Report 2024(Covering USA, Europe,
China, Japan, SEA and India)” the key companies operating in the world
reflective sheeting market are 3M Company, ATSM, Avery Dennison Corp., ORAFOL
Europe GmbH, Reflomax, Jisung Corporation, Viz Reflectives, KIWA Chemical
Industries, Nippon Carbide Industry Co. Ltd., Daoming Optics & Chemicals,
Changzhou Huawei, Changzhou Hua R Sheng Reflective Material, Zhejiang Caiyuan
Reflecting Material, YSL reflective material, Yangzhou Tonming Reflective
Material, Huangshan Xingwei Reflectorized Materials, Hefei Every Traffic Safety
Materials, Hefei Bright Reflective Material, Lianxing Reflective Material. Key
companies are engaged in expanding its research & development (R&D)
footprints to build new production & supply networks. Companies are also
implementing acquisitions and expansions business strategies to increase its
production capacities & acquire a strong customer base.
Based on type, reflective sheeting market is segmented into
micro prismatic materials, micro glass beads, and others. These micro prisms
and glass beads are tightly packed together & coated with a thin aluminum film
from backside. Thus, they act as a convex mirror & reflects the light back,
precisely towards the source of light. The concept helps illuminate an object
in the night. In addition, based on application, market is segmented into
transportation, road signs, communications, and others.
The reflective sheeting market is driven by rise in
manufacturing of vehicles, followed by growth in usage of reflective sheets on
road signs, rise in government plans to refurbish infrastructure &
transportation systems, poor traffic management system, increase in investment
for infrastructure development, rapid urbanization, rise in number of road
& industrial accidents, increase in end-use applications, presence of
well-established industry leaders and increase in use of reflective sheets in
safety clothing. However, minimal advanced driving warnings and lack of
fluorescent lights may impact the market. Moreover, new innovations &
advancements in material technology is a key opportunity for market.
Based on geography, China and India countries hold major
share in reflective sheeting market owing to rise in consumer perception
towards the road & personal safety, growth in population and increase in
investment to develop environmentally-friendly & halogen-free reflective
sheets in the countries. USA and Europe are expected to witness higher growth
rate due to high domestic demand and rise in potential investments & norms
for manufacturing of reflective sheeting market over the forecast period. It is
anticipated that future of the market will be bright on account of their
properties such as low transmission loss during the forecast period. The
worldwide market is projected to grow at a CAGR of approximately 1.1% over the
next five years, will reach US $3370 million in 2024, from US $3150 million in
2019.
For more information, click on the link below:
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91
9015378249
