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Retro Reflective Textiles Market Size Worth US$ 4,139.8Mn, Globally, by 2028 at 5.4% CAGR – Exclusive Report by The Insight Partners

Retro Reflective Textiles Market Size Worth US$ 4,139.8Mn, Globally, by 2028 at 5.4% CAGR – Exclusive Report by The Insight Partners

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.

High visibility safety clothing is made of a fluorescent-colored base that is designed to be highly visible. It also has strips or bands of retro-reflective textile which is intended to reflect light back to the source when light strikes the textile. Retro-reflective fabrics form a very strong light reflection when exposed to light, stimulating the optic nerve of the driver or equipment operator, which helps them in identifying the person and preventing accidents. The growing importance of workplace safety and high-visibility apparel in different work settings is driving the growth of the global retro-reflective textiles market.

The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents a Qualitative and Quantitative Analysis: https://www.theinsightpartners.com/sample/TIPRE00028377/

Report Coverage Details
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
Base Year 2021
No. of Pages 148
No. Tables 56
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.