Market Overview:
The global micro-prismatic reflective sheeting market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for safety and security products, coupled with the rising awareness about road safety among consumers. In terms of type, the long-distance type segment is expected to lead the global micro-prismatic reflective sheeting market during the forecast period, owing to its superior performance in low light conditions and high visibility at long distances. By application, transport signs are expected to account for a major share of the global micro-prismatic reflective sheeting market during the forecast period, as they are used extensively across various transportation modes such as railways, highways and airports.
Product Definition:
Micro-prismatic reflective sheeting is a type of retroreflective sheeting that uses microscopic optical elements to redirect light back to its source. This type of sheeting is often used for traffic signage and other safety applications, as it provides high levels of visibility even in low-light conditions.
Long-distance Type:
Long-distance type is a reflective sheeting material that is manufactured using micro prismsatic glass and aluminum. It has applications in various end-use industries such as construction, automotive, marine, aerospace & defense and energy sectors.
Short-distance Type:
Short-distance type is a reflective sheeting material that reflects the light from the headlight of an oncoming vehicle onto the road surface in order to alert drivers. Short-distance types are manufactured using a wide range of materials including retro-reflective, infrared and LED technologies. The selection of short-distance type depends on several factors including substrate material, application and performance requirements among others.
Application Insights:
The other application segment includes construction, road marking and others. Road marking application is projected to witness significant growth over the forecast period owing to its wide applications in various segments such as transport signs, communication signs, advertisement signs and others. It is used for a variety of purposes including traffic management, channelizing vehicles along the roadways and path ways, providing information regarding upcoming turns or hazards on the roadway ahead etc. Growing number of infrastructure projects in various countries such as China India & Australia are expected to boost product demand over the coming years.
Growing awareness among drivers regarding safety coupled with increasing incidences of road accidents has resulted in increased use of transport sign applications which is further anticipated to propel industry growth over the forecast period. In addition, it finds numerous uses across transportation systems such as railway signals; way finding; guidance signage for pedestrians; warning/ cautionary signage for drivers etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing road accidents and fatalities on account of lack of proper signage coupled with an increase in government initiatives for improving public safety. Europe accounted for more than 25% share in 2017 and is expected to grow at a significant rate over the forecast period due to growing adoption by transport authorities as well as other organizations such as railway companies, airports, railways etc.
Asia Pacific regional market captured more than 20% share in 2017 owing to rising awareness about road traffic safety and government regulations pertaining towards improving public safety signs across countries such as India, China, Japan among others which are anticipated boost growth during the forecast period.
Growth Factors:
- Increasing demand for safety and security products: The increasing incidences of crime and terror activities have led to the increased demand for safety and security products across the world. This is expected to drive the growth of the micro-prismatic reflective sheeting market in the coming years.
- Growing awareness about road safety: There is a growing awareness among people about road safety measures, which is expected to boost the demand for micro-prismatic reflective sheeting in the near future.
- Rising adoption of advanced technologies: The use of advanced technologies, such as 3D printing, has led to an increase in product innovation in various industries, including automotive and construction. This is likely to fuel the growth ofthe micro-prismatic reflective sheeting market overthe next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro-prismatic Reflective Sheeting Market Research Report
By Type
Long-distance Type, Short-distance Type, Full-prism Type
By Application
Transport Signs, Communication Signs, Advertisement Signs, Other
By Companies
M, Avery Dennison, Nippon Carbide Industry, Reflomax, Orafol, Viz Reflectives, Daoming Optics & Chemicals, Lianxing Reflective Material, Jinjiang Evereflex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Micro-prismatic Reflective Sheeting Market Report Segments:
The global Micro-prismatic Reflective Sheeting market is segmented on the basis of:
Types
Long-distance Type, Short-distance Type, Full-prism Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transport Signs, Communication Signs, Advertisement Signs, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M
- Avery Dennison
- Nippon Carbide Industry
- Reflomax
- Orafol
- Viz Reflectives
- Daoming Optics & Chemicals
- Lianxing Reflective Material
- Jinjiang Evereflex
Highlights of The Micro-prismatic Reflective Sheeting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Long-distance Type
- Short-distance Type
- Full-prism Type
- By Application:
- Transport Signs
- Communication Signs
- Advertisement Signs
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro-prismatic Reflective Sheeting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Micro-prismatic reflective sheeting is a type of reflective material that has small, prismatic mirrors embedded in it. When light shines on the material, these tiny mirrors reflect the light back towards its source. This makes micro-prismatic reflective sheeting a great choice for use as a road or car surface coating because it can help to increase visibility at night and during low-light conditions.
Some of the key players operating in the micro-prismatic reflective sheeting market are M, Avery Dennison, Nippon Carbide Industry, Reflomax, Orafol, Viz Reflectives, Daoming Optics & Chemicals, Lianxing Reflective Material, Jinjiang Evereflex.
The micro-prismatic reflective sheeting market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro-prismatic Reflective Sheeting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Micro-prismatic Reflective Sheeting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro-prismatic Reflective Sheeting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Micro-prismatic Reflective Sheeting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Micro-prismatic Reflective Sheeting Market Size & Forecast, 2020-2028
4.5.1 Micro-prismatic Reflective Sheeting Market Size and Y-o-Y Growth
4.5.2 Micro-prismatic Reflective Sheeting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Long-distance Type
5.2.2 Short-distance Type
5.2.3 Full-prism Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Transport Signs
6.2.2 Communication Signs
6.2.3 Advertisement Signs
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro-prismatic Reflective Sheeting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Micro-prismatic Reflective Sheeting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Long-distance Type
9.6.2 Short-distance Type
9.6.3 Full-prism Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Transport Signs
9.10.2 Communication Signs
9.10.3 Advertisement Signs
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Long-distance Type
10.6.2 Short-distance Type
10.6.3 Full-prism Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Transport Signs
10.10.2 Communication Signs
10.10.3 Advertisement Signs
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Long-distance Type
11.6.2 Short-distance Type
11.6.3 Full-prism Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Transport Signs
11.10.2 Communication Signs
11.10.3 Advertisement Signs
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Long-distance Type
12.6.2 Short-distance Type
12.6.3 Full-prism Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Transport Signs
12.10.2 Communication Signs
12.10.3 Advertisement Signs
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Long-distance Type
13.6.2 Short-distance Type
13.6.3 Full-prism Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Transport Signs
13.10.2 Communication Signs
13.10.3 Advertisement Signs
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Micro-prismatic Reflective Sheeting Market: Competitive Dashboard
14.2 Global Micro-prismatic Reflective Sheeting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 Avery Dennison
14.3.3 Nippon Carbide Industry
14.3.4 Reflomax
14.3.5 Orafol
14.3.6 Viz Reflectives
14.3.7 Daoming Optics & Chemicals
14.3.8 Lianxing Reflective Material
14.3.9 Jinjiang Evereflex
