DUBLIN, Sept. 8, 2023 /PRNewswire/ — 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 CompanyAvery Dennison CorporationHangzhou Chinastars Reflective Material Co. Ltd.Jinsung Corporation and Daoming Optics & Chemical Co. Ltd.Marketing Action Xecutives Inc.ORAFOL Europe GmbHSchoeller SwitzerlandTextile 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. METHODOLOGYII. EXECUTIVE SUMMARY1. MARKET OVERVIEW
Influencer Market InsightsWorld Market TrajectoriesImpact of Covid-19 and a Looming Global RecessionReflective 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 PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/tbt7rx
About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
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View original content:https://www.prnewswire.com/news-releases/us-and-china-lead-global-reflective-fabrics-market-growth-occupational-apparel-sector-to-drive-expansion-at-15-6-cagr-301921928.html
SOURCE Research and Markets
DUBLIN, Sept. 8, 2023 /PRNewswire/ — 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 CompanyAvery Dennison CorporationHangzhou Chinastars Reflective Material Co. Ltd.Jinsung Corporation and Daoming Optics & Chemical Co. Ltd.Marketing Action Xecutives Inc.ORAFOL Europe GmbHSchoeller SwitzerlandTextile 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 InsightsWorld Market TrajectoriesImpact of Covid-19 and a Looming Global RecessionReflective 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/tbt7rx
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/us-and-china-lead-global-reflective-fabrics-market-growth-occupational-apparel-sector-to-drive-expansion-at-15-6-cagr-301921928.html
SOURCE Research and Markets