The global retro-reflective materials market generated $8.6 billion in 2020, and is projected to reach $42.8 billion by 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.  

 

Access Full Summary Report: https://www.alliedmarketresearch.com/retro-reflective-materials-market-A12530 

 

According to the report published by Allied Market Research, the “Retro-Reflective Materials Market by Technology (Ceramic Beads, Glass Beads and Micro-Prismatic), Product Type (Films, Sheets & Tapes, Paints & Coatings, and others), and Application (Traffic control & Work Zone, Safety Apparel, Automotive, Industrials, and Others): Global Opportunity Analysis and Industry Forecast 2020-2030.”  

 

Rapid rise in urbanization & infrastructure, growth of real estate & construction industry, rise in tourism activity, growth of textile and fashion industry drive the growth of the global retro-reflective materials market. However, limited life span of retro-reflective products restrains the market to some extent. On the other hand, huge growth of the tourism sector presents new opportunities in the upcoming years. 

 

Leading players of the global retro-reflective materials market analyzed in the research include 3M ALANOD GmbH & Co. KG, Avery Dennison, Changzhou Hua R Sheng Reflective Material, Coats Group Plc, Asian Paints PPG, Blueocean Solutions, Nanofuel Co. Ltd., Noritake Co. Ltd., SulNOx Group Plc.