San Francisco, 18 December 2018 - The global reflective materials market value is anticipated to reach USD 31.14 billion by 2025, according to a new report by Grand View Research, Inc. The rising high-visibility fabric demand for the work place and safety and traffic management is expected to be a key factor steering the growth in the coming years.
Applications predominately include coatings use in the construction & roads and textile sectors. It is utilized in manufacturing architectural glasses, solar panels, windows, and a broad range of apparels such as shirts, sportswear, shoes, vests, jackets, fashion, armbands, signs, belts, safety vests, badges, backpacks, raincoats, and belts. The growing demand in key industries including automotive, construction and road infrastructure are expected to increase the consumption globally. Economic and industrial developments in economies such as China, Japan, and India have contributed significantly to the market expansion over the recent past. Coatings dominated the global product consumption while accounting for over 22% of the total market value in 2015. Key players in the space are expanding their R&D footprints worldwide along with an implementation of advanced technologies to sustain in the high market competition and explore new industrial opportunities. To request a sample copy or view summary of this report: www.grandviewresearch.com/industry-analysis/reflective-material-market Further key findings from the report suggest:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
www.grandviewresearch.com/press-release/global-reflective-material-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Info: www.grandviewresearch.com
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