New York, (GLOBE NEWSWIRE) — The Insight Partners published the latest research study on Retro Reflective Textiles Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by End Users (Construction, Oil & Gas, Mining, Transportation, Firefighters, Law Enforcement Agencies, and Others), Material (Tetoron Cotton, Polyester, Aramid, and Others), and Geography. The market for retro-reflective textiles is growing due to the increasing demand for the material caused by the increased regulations concerning workplace safety. Many industries and governments have mandated to wear of high visibility safety apparel to ensure workers’ safety.
The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents a Qualitative and Quantitative Analysis: https://www.
|Market Size Value in||US$ 2,872.8 million in 2021|
|Market Size Value by||US$ 4,139.8 million by 2028|
|Growth rate||CAGR of 5.4% from 2021 to 2028.|
|Forecast Period||2021- 2028|
|No. of Pages||148|
|No. of Charts & Figures||73|
|Historical data available||Yes|
|Segments covered||End Users and Material|
|Regional scope||North America; Europe; Asia Pacific; Latin America; MEA|
|Country scope||US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
Retro Reflective Textiles Market: Competitive Landscape and Key Developments
3M; Daoming Optics & Chemical Co., Ltd; Hangzhou Chinastars Reflective Material Co.,Ltd; Huangshan Xingwei Reflectorized Material Co., Ltd.; P S ENTERPRISES; Swicofil AG; Unitika Sparklite Ltd.; YGM Reflective; HJ Corp; and HIGHVIZ are among the prominent players operating in the global retro-reflective textiles market.
In 2020, Asia Pacific accounted for the largest share of the global retro-reflective textiles market. The construction & infrastructure industry is growing in the Asia Pacific. For instance, according to the Indian Brand Equity Foundation (IBEF), 783 projects were undertaken by the Indian government in 2017, and the construction projects recorded a growth rate of 1.23% from 2016 to 2017. Such large projects undertaken by the government demand high consumption of retro-reflective materials for employee safety wear. Highways also require retro-reflective films, sheets, and tapes for making signboards to navigate the drivers in low light conditions or nighttime. Such initiatives adopted by governments of developing economies, such as India, South Korea, and China, have helped the retro-reflective textiles market to grow gradually.