The risk of global warming has prompted major manufacturers to look for alternative measures in order to save energy. Reflective materials have managed to harness the use of light to reduce energy expenses.
Reflective Materials
Reflective materials are composed of glass beads or micro prisms coated with aluminum or copper. They are also known as cool materials. These materials reflect light back to its original source. It has been used in warning signs and personal protective equipments. Clothes embedded with these materials can protect these workers during peak hours. The durability and flexibility has led to its adoption by the fashion sector.
Latest Trends
Shower Pass, a US-based clothing company, has incorporated this material in its latest jackets for cycling enthusiasts. The jackets can light up in dimly-lit areas, making the wearer visible to incoming traffic.
Moreover, this material has caught the fancy of indoor farmers. Indoor farmers are using it to grow cannabis within a regulated environment. Mylar is the most commonly used source for the production of this material. It can reflect nearly 97% light back to its source.
Market Insights
The worldwide reflective materials market is anticipated at USD 31.14 billion by 2025. Its demand is expected to grow at a 4.8% CAGR over the forecast period (2014 - 2025). Its main driving factor is the demand of high-visibility fabrics in traffic management. In addition, its expansive use across various applications can drive market demand in the forthcoming years.
Reflective coatings were the biggest product, with over 22% shares in 2015. Fabrics are estimated a significant growth rate over the forecast period. Textile application is expected to exhibit a 5.3% CAGR in the years ahead. The clothes employing reflective materials are used in the management of evacuations and emergencies. Middle East & Africa market can display a 4.3% CAGR, in terms of volume, over the forecast period. Key market players include 3M, DM Reflective Material, ORAFOL, and Avery Dennison.
In-Depth research report on reflective materials market:
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