Reflective Sheeting Market: Overview
During thebeginning of 1960’s, the usage of reflective materials came into existence.Reflective materials are principally used to increase nighttime visibility oftraffic signs, clothing, and other products that are visible in the light of anapproaching vehicle's headlamps. Reflective sheeting is a flexible reflectingsheet, which is made from retro reflective material, and is majorly used inroad signs to enhance visibility in the night. Reflective sheets are majorlyused as a safety feature in vehicles and in road signs indicators, as thesereflect the light and prevent mishaps. Additionally, these sheets are used toincrease the scanning range of barcodes in factories. Reflective sheets containmicro glass beads and micro prismatic, which are sealed onto a fabric orplastic substrate.
Reflective Sheeting Market: Key Segments
The globalreflective sheeting market can be segmented based on type, application,and region. In terms of type, the reflective sheeting market can be segmentedinto micro glass beads, micro prismatic materials, and others. The micro glassbeads embedded in the marking material reflect the light emitted by theheadlights of vehicles, illuminating the markings at night. This helpsincreasing road safety. Based on application, the reflective sheeting marketcan be segmented into road signs, transportation, communications, andothers.
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Reflective Sheeting Market: Drivers & Restraints
Rise inmanufacturing of vehicles and growing usage of reflective sheets on road signshave increased the demand for reflective sheeting. Furthermore, the use ofreflective sheets in safety clothing propel the reflective sheeting market.However, lack of fluorescent lights and minimal advanced driving warningsrestrain the reflective sheeting market. New innovations and advancements areemerging in order to increase durability and visibility of these sheets invarious applications. One of the restraints of using a reflective sheeting isduring adverse weather conditions such as heavy rains, and fog. It is alsocapital intensive.
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Reflective Sheeting Market: RegionalOutlook
Based on geography,countries in Asia Pacific such as India, China, and Japan are investingsignificantly to develop environmentally-friendly reflective sheeting andhalogen-free reflective sheets. Reflective sheeting is widely used intransportation and construction activities. North America offers high potentialinvestments and norms for the manufacturing of reflective sheeting market. Thereflective sheeting standards for road signs are categorized by technicalstandards such as ASTMD4956-11a. The usage of reflective sheeting is expectedto increase in North America., as the U.S. government plans to refurbishinfrastructure and transportation systems. This is driving the demand forreflective sheeting. Countries in Europe, such as Germany, France, Sweden, andthe U.K., are increasing investment for infrastructure to develop and improverenewable energy projects. The European Technical Approvals (ETA) hasstandardized certain norms pertaining to the usage and manufacture ofreflective sheets. This is anticipated to increase the need for the usage ofreflective sheeting due to their properties such as low transmission loss. Thereflective sheeting market in Middle East & Africa is anticipated to expandin the near future. Countries such as Saudi Arabia, Kuwait, Bahrain, and Qatarhave invested significantly in reflective sheeting for infrastructuredevelopment.
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Reflective Sheeting Market: Key Players
Keyplayers operating in the global reflective sheeting market include 3M Company,Avery Dennison Corporation, Nippon Carbide Industries Co., Ltd, Oraful EuropeGmbH, and Reflomax.
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