Dublin, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The "Reflective Fabrics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global Reflective Fabrics market is expected to experience significant growth, with an estimated CAGR of 14.1% from 2022 to 2030.
In 2022, the market was valued at approximately $1.6 billion, and it is projected to reach $4.7 billion by 2030. Several key factors are contributing to this growth:
- Occupational Apparel Segment: The Occupational Apparel segment is expected to play a crucial role in the market's growth, with a projected CAGR of 15.6%. Reflective fabrics are often used in occupational apparel to enhance visibility and safety, particularly in industries like construction, manufacturing, and transportation.
- Recreational Apparel Segment: The Recreational Apparel segment is also expected to see significant growth, with a readjusted CAGR of 13.6%. Reflective fabrics are utilized in recreational clothing and sportswear to improve visibility during outdoor activities, contributing to the segment's expansion.
- U.S. Market: In 2022, the Reflective Fabrics market in the United States was valued at approximately $440.5 million. The market in China is forecasted to grow at an impressive CAGR of 18.8%, reaching a projected size of $1.1 billion by 2030. Both countries are significant players in the global market.
- Global Expansion: Other noteworthy geographic markets for reflective fabrics include Japan and Canada, with forecasted CAGRs of 9.7% and 12.3%, respectively, from 2022 to 2030. Germany, within Europe, is also expected to grow at an approximate CAGR of 11.2%.
Key Competitors:
Several key players are featured in the Reflective Fabrics market, including:
- 3M Company
- Avery Dennison Corporation
- Hangzhou Chinastars Reflective Material Co. Ltd.
- Jinsung Corporation and Daoming Optics & Chemical Co. Ltd.
- Marketing Action Xecutives Inc.
- ORAFOL Europe GmbH
- Schoeller Switzerland
- Textile Technologies Europe Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 89 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.6 Billion |
| Forecasted Market Value (USD) by 2030 | $4.7 Billion |
| Compound Annual Growth Rate | 14.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Reflective Fabrics - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/cd7e89
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