![]() ![]() The research also analyzes regions including North America, Europe, and LAMEA. ![]() In addition, the same region is expected to manifest the fastest CAGR of 7.8% during the forecast period. However, the automotive segment is estimated to grow at the highest CAGR of 7.3% during the forecast period.īased on region, Asia-Pacific held the largest share in 2021, contributing to nearly half of the total reflective tape market share, and is projected to maintain its dominant share in terms of revenue in 2031. Moreover, the same segment is expected to manifest the highest CAGR of 7.1% from 2022 to 2031.īased on end use industry, the building and construction segment accounted for the highest share in 2021, holding around one-third of the global reflective tape market, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is expected to register the highest CAGR of 7.4% from 2022 to 2031.īased on product type, the double-sided reflective tape segment accounted for the highest share in 2021, contributing to nearly two-thirds of the global reflective tape market, and is expected to maintain its lead in terms of revenue during the forecast period. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.Įnquire for Customization with Detailed Analysis of COVID-19 Impact in Report īased on material type, the plastic resin segment held the highest share in 2021, accounting for nearly one-third of the global reflective tape market, and is expected to continue its leadership status during the forecast period. The report discusses segments and their sub-segments in detail with the help of tables and figures. The research provides detailed segmentation of the global reflective tape market based on Material Type, Product Type, End Use Industry, and region. This factor is expected to enhance the demand for reflective tape on indoor and outdoor application in the post-pandemic. ![]() Reflective tapes are excellent source of adhesion on high temperature and have the ability to self-seal due to which they are widely used on roofing, indoor and outdoor applications.The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global reflective tape market, owing to implementation of global lockdown which hampered its end use industry and reduced the demand for reflective tape across every sector.Strict government norms and regulations on the plastic-based reflective tape productsįluctuation in the prices of raw material of reflective tapes Lack of awareness among people regarding the benefits and usage of reflective tapes ![]() Several manufacturers have increased their production capacities for reflective tapes due to its high demand in manufacturing plants, construction sites, factories, and petrochemical sector Surge in demand for reflective tapes in renewable energy infrastructure, auto components, electric vehicles, and industrial sector Material Type, Product Type, End Use Industry, and Region Report Coverage & Details: Report Coverage This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.ĭownload Sample PDF (340 Pages PDF with Insights): The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. 21, 2022 (GLOBE NEWSWIRE) - According to the report published by Allied Market Research, the global reflective tape market garnered $3.5 billion in 2021, and is estimated to generate $6.8 billion by 2031, manifesting a CAGR of 6.9% from 2022 to 2031. ![]()
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