Global Retro-Reflective Materials Market is expected to grow with the CAGR of 18.4% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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Global retro-reflective materials market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global retro-reflective materials market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance:
- In May 2021, ORAFOL Europe GmbH launched a new product line named ORALITE series for foldable signs. The new product line consists of three products, 5237M, 5937M and 5937MFlex., that are three new monolayer films which finds application in foldable signs and are resistant to water and dirt. The company expects to improve its product portfolio as well as sales with the launch of these new products.
3M is the dominating player in global retro-reflective materials market. The other key players existing in the market are Huangshan Xingwei Reflectorized Material Co., Ltd., HJ CORP., Reflectionight, MagnaColours, AVERY DENNISON CORPORATION, ORAFOL Europe GmbH, REFLOMAX, NIPPON CARBIDE INDUSTRIES CO.,INC., Coats Group plc, Taiwan Paiho Limited, UNITIKA SPARKLITE LTD. ( a subsidiary of UNITIKA LTD.)., Yeshili NEW Materials Co.,Ltd, Aura Optical Systems, L.P., JRC REFLEX ITALIA S.r.l., GIOLITE LUMIAN CO.,LTD., Viz Reflectives, Wagner-Tech-Textil GmbH, DM Reflective India and Changzhou Hua R Sheng Reflective Material Co., Ltd among others..
3M
3M was established in 1902 and is headquartered is in Minnesota, U.S. The company deals with products in various industries such as automotive, design & construction, electronics, transportation, mining oil & gas, safety and healthcare. The company have several business segments such as safety and industrial, transport and electronics, health care, manufacturing, mining, oil & gas, safety, transportation of which transport and electronics are the market focused segment. The company has several industries categories including automotive, commercial solutions, consumer markets, design & construction, electronics, energy, government, health care, manufacturing, safety and transportation in which safety is the market focused category.
For instance,
- In December 2020, 3M announced the next generation of silicone adhesives, 3M Hi-Tack Silicone Adhesive Tapes that offers longer wear times, supports heavier devices such as continuous glucose monitoring systems, wearable monitors, sleep and incontinence devices and offers more secure adhesion. The company expects to improve its products portfolio and there by sales with the launch of this new product.
The company has wide presence across Americas, Asia-Pacific, Europe, and Middle East and Africa. The company also has various subsidiary companies including Kinetic Concepts (U.S.), 3M India Limited (India), 3M Japan Limited (Japan), and Scrub Daddy (U.S.) among others.
AVERY DENNISON CORPORATION
AVERY DENNISON CORPORATION, was founded in the year 1935, and is headquartered in California, U.S. The company focuses on material sciences to produce innovative and futuristic products that meet everyday demands of the consumers. The company operates its business via several business segments including label and graphics materials, retail branding and information solutions and industrial and healthcare materials in which label and graphics materials are the market focused segment. The company has product categories such as retroreflective sheeting, overlay films and traffic jet print system in which retroreflective sheeting is the market focused category.
For instance,
- In March 2020, the Avery Dennison Corporation finished the procedures for the acquisition of Smartrac’s Transponder business. The acquisition is expected to empower the research and developments of the company in RFID inlays and help it to develop and commercialize, high-valued and high-quality RFID products.
The company has presence across Asia-Pacific, Europe, Americas and South Africa. The company also has various subsidiaries including ADC Philippines, Inc. (Philippines), Adespan S.R.L. (Italy), Adespan U.K. Limited (U.K.), Adhipress Bangladesh Ltd. (Bangladesh), and Adhipress (Hong Kong) Ltd. (Hong Kong) among others.
UNITIKA SPARKLITE LTD (a subsidiary of Unitika Ltd
UNITIKA SPARKLITE LTD (a subsidiary of Unitika Ltd) was founded in the year 1969, and is headquartered in Nantan-City, Japan. The company focuses on the manufacture and sales of reflective sheeting utilized in several industries such as traffic sign market among others. The company has on product category which is open type and it is the market focused category.
For instance,
- In October 2019, UNITIKA SPARKLITE LTD. exhibited at A+A2019 held in Düsseldorf, Germany. The company presented the functional fabrics and materials for uniform wears in that exhibition. The company intended to improve its sales base and popularity by participating in this exhibition.
The company has presence in Japan.
