Return to: Business NewsRetro-Reflective Materials Market Size Worth $30.2 Billion By 2025The global retro-reflective materials market size is expected to reach USD 30.2 billion by 2025, expanding at a CAGR of 26.5%, according to a new report by Grand View Research, Inc. Increasing demand for light and heavy commercial vehicles coupled with growing vehicle safety concerns is anticipated to promote the market growth. Amplifying demand from the automotive industry across the globe is projected to propel the industry growth. In addition, rising use of retro reflective paints for traffic control and road marking is anticipated to boost the demand. Moreover, the growing construction activities in the economies in Asia-Pacific are likely to further benefit the retro reflective materials market. The introduction of advanced products in the wake of rising concerns regarding workplace safety coupled with the presence of stringent regulations is expected to drive market growth. Reconstruction of highways and roadways across the globe is likely to propel the demand for such paints and tapes, due to high use in applications that enable superior visibility, which is further expected to drive retro-reflective materials market growth. For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/retro-reflective-materials-market Factors such as stringent government regulations across the economies related to workers safety is projected to promote the use of retro reflective tapes, paints, and coatings across industrial and road safety applications. The infrastructural projects including expansion of roadways and railway networks in developing economies is anticipated to benefit growth. Retro-Reflective Materials Market Report Highlights • The paints, inks, and coatings segment accounted for a share of 48.3% in terms of revenue in 2018, owing to the growing infrastructural and refurbishing projects including the expansion of roadways and railway networks across the globe • The traffic control and work zone segment dominated the industry in 2018 and is estimated to reach a value of USD 9.5 billion by 2025, due to the stringent government regulations related to workplace safety across the economies • Asia Pacific is projected to witness a CAGR of 28.0% from 2019 to 2025, on account of rapid economic developmentcoupled with rising construction activities in the region • China is projected to record a revenue of USD 4.4 billion owing to the increasing infrastructural activities coupled with the expansion of automotive industry in the country • Market participants are focused on expanding the product portfolio in order to gain competitive edge and have exhibited a trend of high investments in R&D to develop advanced products. • Key players in the retro-reflective materials market include 3M Company , Avery Dennison Coats Group plc; Asian Paints Ltd; and Nippon Carbide Industries Co., Inc. To request Research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/retro-reflective-materials-market/request/rs1 Retro-Reflective Materials Market Segmentation Grand View Research has segmented the global retro-reflective materials market on the basis of product, application, and region: Retro Reflective Materials Product Outlook (Revenue, USD Million, 2014 - 2025) • Paints, Ink & Coatings • Films & Tapes • Others Retro Reflective Materials Application Outlook (Revenue, USD Million, 2014 - 2025) • Traffic Control & Work Zone • Safety Apparel • Automotive • Industrial • Others Retro Reflective Materials Regional Outlook (Revenue, USD Million, 2014 - 2025) • North America o U.S. o Canada o Mexico • Europe o Germany o U.K. o France o Italy o Spain • Asia Pacific o China o India o Japan • Central & South America o Brazil o Argentina • Middle East & Africa For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/5563/ibb About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunit ... News Release: Retro-Reflective Materials Market Size Worth $30.2 Billion By 2025 Submitted on: August 03, 2020 09:38:56 AM Submitted by: sitakant On behalf of: www.prhub.com |