According to the latest report from the IMARC group “Reflective Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026“The global reflective materials market has shown moderate growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.

Reflective materials refer to membrane structures that include adhesives, a functional layer, a protective film, and optical grade glass allowing light to reflect off a variety of surfaces. These materials are typically mixed with paints, woven into a fabric, or used to make safety devices, such as markers, reflectors, and traffic signs. These structures are capable of modifying their solar reflectance as a function of the outside temperature and of the irradiation.

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Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.

Market trends:

The global market is primarily driven by the growing need to prevent traffic accidents. With the increase in vehicle crash cases globally, road safety authorities are taking initiatives to invest in road safety devices and textiles, which is driving the adoption of reflective materials. In addition, these materials are widely used in the aerospace industry to improve the visibility of pilots and prevent mid-term collisions. The market is further driven by the growing demand for camouflage patterns made using infrared (IR) reflective textiles with the aim of avoiding detection of fighters by enemy infrared sensors.

Breakdown by product:

  • Fabrics
  • Sheet
  • Paints and inks
  • Tape and films
  • Coatings
  • Specialty products
  • Others

Breakdown by application:

  • Textiles
  • Construction and roads
  • Automotive
  • Electronics and semiconductors
  • Others

Market breakdown by region:

  • North America (United States, Canada)
  • Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, others)
  • Middle East and Africa

Competitive landscape with Key Player:

  • 3M Company
  • ALANOD GmbH & Co. KG
  • Avery Dennison Company
  • Changzhou Hua R Sheng Reflective Material Co. Ltd
  • Coats Group Plc
  • Daoming Reflective Material India Pvt. Ltd.
  • ORAFOL Europe GmbH, Reflomax
  • SKC Co Ltd
  • Yeshili NEW Materials Co. Ltd.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.

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The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.

Tags: Reflective Materials Market, Reflective Materials Market Trends, Reflective Materials Market Size, Reflective Materials Market Share

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