The retro-reflective materials market is driven by the factors such growing demand of these materials to enhance low light condition or nighttime visibility, increasing per capita income in developing countries, and strict government regulations regarding vehicle safety and worker safety. Different product types of retro-reflective materials such as films, sheets & tapes, paints, inks & coatings, and others majorly contribute to the global market size.

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The different application of retro-reflective materials includes conspicuity, traffic and work zone, fleet and vehicle registration, personal safety, and others. Of all, the traffic control and work zone category is anticipated to witness the fastest growth in demand for these materials during the forecast period.

Asia-Pacific accounted for the major share in the retro-reflective materials industry in 2017, globally due to the increasing infrastructural developments, increasing road and transport network. Asia-Pacific is home to the two largest populated countries in the world, namely China and India.

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Key players offering products in the retro-reflective materials industry are 3M, Avery Dennison Corporation, Changzhou Hua R Sheng Reflective Materials Co., Ltd., Coats Group Plc, Dominic Optical Inc., Nippon Carbide Industries Co., Inc., Reflomax, Asian Paints PPG Pvt. Ltd., Paiho Group, Orafol Europe GmbH, JRC Reflex SAS, and Halo Coatings.

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