Report : Asia-Pacific Retro Reflective Textiles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Tetoron Cotton, Polyester, Aramid, and Others) and End Users (Construction, Oil & Gas, Mining, Transportation, Firefighters, Law Enforcement Agencies, and Others)
Construction Segment to Dominate APAC retro reflective textiles Market During 2021–2028
According to a new market research study on “APAC retro reflective textiles Market to 2028 – COVID-19 Impact Analysis and Forecast by Material, End User, and Country” is expected to reach US$ 1779.27 million by 2028 from US$ 1183.57 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021 to 2028. The report provides trends prevailing in the APAC retro reflective textiles market along with the drivers and restraints pertaining to the market growth. Rising importance of workforce safety measures and high visibility safety apparel (HVSA) and surging demand from various end use industries are the major factor driving the growth of the APAC retro reflective textiles market. However, shortage of awareness in evolution countries hinders the growth of APAC retro reflective textiles market.
The APAC retro reflective textiles market is segmented based on material, end user, and country. Based on material, the APAC retro reflective textiles market is segmented into tetoron cotton, polyester, aramid, and others. The polyester segment dominated the APAC retro reflective textiles market in 2020. Based on end user, the APAC retro reflective textiles market is segmented into construction, oil & gas, mining, transportation, firefighters, law enforcement agencies, and others. The construction segment dominated the APAC retro reflective textiles market in 2020. Based on country, the APAC retro reflective textiles market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. The China segment dominated the APAC retro reflective textiles market in 2020.
3M; Daoming Optics & Chemical Co., Ltd.; Hangzhou Chinastars Reflective Material Co., Ltd.; Huangshan Xingwei Reflectorized Material Co., Ltd.; P S ENTERPRISES; Unitika Sparklite Ltd.; YGM Reflective; and HJ Corp are among the leading companies in the APAC retro reflective textiles market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, 3M has entered an agreement with Bemis Associates Inc. to distribute and convert 3M Scotchlite reflective materials. The distribution arrangement will take advantage of each brand's distinct capabilities to provide innovative and unique reflective solution offers to sportswear and active wear brands around the world.
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