The scale of my country’s reflective material market continues to expand, and local companies are gradually emerging.

Reflective materials, also known as retroreflective materials and retroreflective materials, refer to materials with high refractive index glass beads or microprisms implanted on the surface of the material, which can reflect the light back to the light source according to its original path to form reflective materials. Reflective materials can effectively enhance recognition capabilities at night or in low-light conditions. Reflective materials are widely used in traffic safety, aerospace, safety warnings, clothing and other fields.

With the continuous development of reflective materials, the types of reflective materials are becoming increasingly rich, and there are many classification methods. According to different raw materials, reflective materials can be roughly divided into glass bead reflective materials, crystallized glass reflective materials, plastic reflective materials, etc.; according to different product types, reflective materials can be divided into reflective cloth, reflective film, reflective clothing, reflective products, etc.

At present, our country has formed a complete industrial chain of reflective materials. The upstream of the industrial chain is the raw material industry, which mainly provides raw materials such as glass beads, adhesives, base fabrics, and other auxiliary materials; the midstream is mainly the production industry of reflective materials, mainly responsible for the production of reflective material products such as reflective cloth and reflective film; the downstream is mainly for the production of reflective materials such as reflective cloth and reflective film. Application fields: Reflective materials are mostly used to make license plates, vehicle body reflective signs, traffic safety signs, infrastructure warning signs, rescue warning clothing and billboards, etc.

At this stage, highway transportation, automobiles, outdoor advertising and other industries are the main application areas of reflective materials in my country. According to data released by the China Association of Automobile Manufacturers, in 2022, my country’s automobile production and sales will complete 27.021 million units and 26.864 million units respectively, a year-on-year increase of 3.4% and 2.1% respectively. The rapid growth of my country’s automobile production and sales has led to a gradual increase in the demand for automobile license plates, and the demand for reflective materials has also continued to grow.

With the rapid development of my country’s economy, the degree of urbanization has gradually increased, and highway construction has continued to improve. In order to ensure driving safety, relevant government departments apply reflective materials to highway design, which can effectively reduce traffic accidents, and reflective materials can also help drivers always maintain safe driving conditions in insufficient light. As my country’s highway mileage gradually increases, the demand for reflective materials continues to increase. According to the “China Reflective Material Industry Market In-depth Research and Development Prospects Forecast Report 2023-2028” released by the Industrial Research Center, in Driven by the demand from downstream industries, the scale of my country’s reflective materials market continues to expand. In 2022, my country’s reflective materials market size will be 10.23 billion yuan.

Industry analysts said that at present, my country’s reflective material market continues to develop, and local companies are gradually emerging, competing with each other in terms of technical level and product quality. The gap between international advanced levels is gradually narrowing, market share is gradually increasing, and import substitution is gradually realized in the mid-to-high-end market. At present, my country’s largest reflective material companies mainly include Huarisheng, Daoming Optics, Western Materials, Yeshili, Baoguang Materials, etc. To sum up, there is still a lot of room for development in my country’s reflective material market in the future.