Reflective Fabrics Market

About the Report

The global reflective fabrics market is expected to expand at a healthy CAGR of more than 7% over the 2021-2031 assessment period, with the construction end use holding the highest market share of over one-third. 

Reflective fabric is material made up of reflective materials such as glass beads & ceramics or micro prisms that are designed to reflective light back to its source, making the wearer visible at night time or in low-light conditions. Various end-use industries’ growth coupled with favorable regional policies are bolstering demand for reflective fabrics across geographies. Rising demand for reflective fabric resonates with the growth of construction, aviation, oil & gas, and other end-use industries.

Apart from these factors and the various benefits of reflective fabrics, consumerism, supply chain, and other factors regarding reflective fabric demand have been discussed in the recently published report of Fact.MR. Insights have been streamlined in the report in the form of a timeline, where the report is drafted in historical (2016-2020) and forecast (2021-2031) terms.

Historical & Future Projections

Exclusive use of reflective fabrics in low-light or dim-light conditions to ensure safety of the wearer has strengthened demand for the product over the past half-decade. Over the same time, improved conscience of industrial management for the safety of employees along with new regulations has pushed the nominally growing market into a roller coaster mode.

In FY2020, COVID-19 hit the construction industry, leading to a domino effect on the demand for reflective fabrics. Impact on all end-use industries has severely affected the market, and decline in demand could be assessed with respect to reduction in spending by investors. Rise in investments in most end-use industries of reflective fabrics has been observed over the period of Q4 of FY2020, providing strong trade winds to the market.

Forecast assessment could be done by breaking down the market into three assessable periods, i.e., short-run, medium-run, and long-run.

Short-run: COVID-19 affected most industries and the market is set to recover by Q2 of FY2021. Sales of reflective fabric in 2021 are projected to rise as compared to 2020.

Medium-run: Normalization of spending in construction, aviation, oil & gas, and mining industries is set to be over this period, which will have a positive effect on the demand for reflective fabrics.

Long-run: Economic cycles, inflation rates, substitutes, and regional policies regarding reflective fabrics to impact the overall market, which have been discussed in detail in the recently published report by Fact.MR.

Country-wise Analysis

Why Does the United States Lead Demand for Reflective Fabrics?

The United States captures a major demand share not only in North America but across the globe. This is due to the strong network externalities of various end-use industries in the country. Apart from consumerism, regional policies also account for strong trade effects on the market.

In the past half-decade, the U.S. market has observed headwinds owing to changes in spending in construction industries and various policies associated with end-use industries. The market in the U.S. is projected to expand at an impressive CAGR of more than 8% through 2031.

Why is the Reflective Fabrics Industry Proliferating in China?

With China being the strongest nation among developing economies, demand for reflective fabrics is rising positively. Presence of a large number of end-use industries along with increasing construction projects is set to launch the market to greater heights.

Apart from construction and other industries, growing use of reflective fabrics in other non-conventional applications is also aiding market growth. The market in China is projected to expand at a noteworthy CAGR of close to 9% through 2031.

India Reflective Fabric Landscape

Demand for reflective fabrics is surging in India, due to increasing number of construction projects coupled with industries’ management working towards ensuring the safety of employees. The reflective clothing market in India is assessed to expand at around 8% CAGR over the forecast period.

Category-wise Insights

Why is Demand for Apparel and Accessories Higher than Other Applications?

Apparel and accessories is the largest segment under applications, holding close to 40% market share. Market dominance of reflective fabrics in apparels and accessories is due to growing safety concerns of employees working in risk-associated zones and workplaces. The segment is projected to continue its dominance over the coming years as well.

Why are Micro Prismatic Reflective Element-based Fabrics Gaining Prominence over Conventional Glass-based Reflective Fabric?

Micro prismatic reflective fabric tapes and cloth consist of small reflective prisms that are made of polymers, whereas, glass bead reflective fabrics use microscopic glass spheres. Micro prismatic reflective fabrics are more effective in reflecting light back to the source, and their maintenance is also less complex as compared to glass and ceramic beads.

There are various grades available in manmade micro prisms that offer various brightness and efficiency levels in returning the light, and are way more precisely designed and manufactured as compared to glass- and ceramic-based reflective fabrics. Also, lesser complexity in manufacturing as well as recycling of micro prismatic reflective fabrics is leading to their high demand, with the segment expected to hold over-three-fourth market share by 2031.

What are the Key Barriers for Reflective Fabric Suppliers?

Low shelf life and durability of reflective decoration fabrics is expected to hamper market growth to some extent. The lifespan of an object acts as one of the principal factors that determines its success in the reflective fabric material market. Despite these barriers, few end-use industries still opt for reflective fabrics as they are among the products that have minimal or no substitutes.

Report Scope

Key Market Segments

• Reflective Element

  • Glass Bead- & Ceramic-based Reflective Fabrics
  • Micro Prismatic Reflective Fabrics

• Product

  • Cloth
  • Tapes
  • Sheets and Films
  • Others
• Application
  • Apparel and Accessories
  • Reflective Fabrics for Transportation
  • Reflective Fabrics for Roadside Facilities
  • Decoration and Others

• End Use

  • Reflective Fabrics for Construction
  • Reflective Fabrics for Aviation and Aerospace
  • Reflective Fabrics for Oil, Gas, and Petroleum
  • Reflective Fabrics for Maintenance
  • Reflective Fabrics for Mining
  • Others

• Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East and Africa

Reflective Fabrics Market- Scope of Report

A recent study by Fact.MR on the reflective fabrics market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of reflective fabrics.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the reflective fabrics market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of reflective fabrics across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of reflective fabrics during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation

The market has been analyzed for each market segment in terms of volume (Mn Sq. M) and value (US$ Mn).

Market estimates at global and regional levels for reflective fabrics are available in terms of “US$ Mn” for value and in “Mn Sq. M” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying the potential resources, considering the sales and distribution perspective in the global reflective fabrics market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the reflective fabrics market during the forecast period.

Country-specific valuation on demand for reflective fabrics has been offered for each regional market, along with the market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of reflective fabrics, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of reflective fabrics has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the reflective fabrics market.