The Global Reflective Material Market is projected to reach 6.43 billion in 2027 . The increasing demand for materials that offer high visibility , thus providing safety in the workplace and reducing the number of accidents , is primarily driving the market ’ s growth during the forecast period .
The market is expected to witness robust growth due to increasing demand from the construction and textile sector . These materials provide high visibility and are beneficial in low light conditions like snow , fog , and darkness after nightfall . Rapid industrialization and development of infrastructure are taking place in most of the countries , and this is propelling the construction sector around the world . The safety of workers involved in construction activities is an issue in which reflective materials addresses and stringent worker safety regulations are driving the market ’ s growth . Apart from these usages of such materials in traffic signals offer better traffic management . Fluctuations and volatility in prices of raw materials like reflective micro prisms , glass , aluminum have been noticed in the last few years . Thus major manufacturers of the industry are facing a challenge dealing with this issue . There is also an imbalance in the supply and demand of materials in the market .