Market status and development prospect of China's reflective material industry in 2020 - Zhejiang Wuyi Liming Reflective Products Co., Ltd.

Market status and development prospect of China's reflective material industry in 2020

Time:2020/9/22 Hits:1951

1. Market driven, the market scale of reflective materials will reach 8.5 billion yuan in 2019

Reflective materials are thin film materials for special optical applications, which are made of resins, pigments and glass beads. Generally speaking, reflective materials include reflective film and reflective cloth.

Due to the rapid development of China's economy in recent years, China's highway construction, automobile industry, urbanization construction, advertising industry has been in a state of rapid development, so the demand for reflective materials products is also increasing. The increase of market demand will naturally promote the production of enterprises, thus continuously promoting the development of reflective material industry. In 2018, the sales revenue of reflective material industry was RMB 7.9 billion, with a year-on-year growth of 8.22%. The investment in national infrastructure construction will continue to grow in 2019. It is predicted that the market scale of reflective materials in China will grow by 8% in 2019, reaching 8.5 billion yuan.

2. The overall strength of China's reflective material industry is insufficient, and the supply of products is in short supply

At present, there are only a few leading enterprises in the industry represented by Noctiluca that have the supply capacity of corresponding products, and the supply of products is in short supply. In a good market environment, the lack of the overall strength of the industry limits the further improvement of the market share and market competitiveness of domestic products.

3. China's export of reflective materials is larger than that of imports, and the trade surplus is large

According to customs data, the total import and export volume of products involving reflective materials in China will reach 8.924 billion US dollars in 2019. Among them, the import volume was 3.187 billion US dollars, with a year-on-year growth of 8.00%; the export volume was 5.737 billion US dollars, with a year-on-year growth of 16.3%. The trade surplus reached US $25.51, and the scale of the trade surplus was expanded compared with that in 2018.

4. According to the new national standard, each vehicle should be equipped with at least one reflective vest

The reflective material industry as a whole has maintained a good momentum of development, driven by the application demand, the industrial scale is further expanded. On September 29, 2017, the new version of the national standard "technical conditions for motor vehicle operation safety" clearly stipulates that each vehicle should be equipped with at least one reflective vest, which will become another new growth point of reflective material market. From January to December 2019, China's automobile production and sales are 25.721 million and 25.769 million respectively, indicating that the demand for reflective vests in China will be at least 25 million in 2019, and the industry has a great market prospect.

5. The market space is large, and the market scale of China's reflective material industry will reach 13.5 billion yuan in 2025

At present, reflective materials are mainly used in highway transportation, automobile, outdoor advertising and so on. With the development of our country in recent years, these three areas have developed rapidly, and the market of civil reflective materials is also gradually expanding. Therefore, there is still a lot of room for development in the future. In the next few years, the market scale of China's reflective materials will develop rapidly, with an annual compound growth rate of about 8%. It is estimated that the market scale of China's reflective materials industry will reach about 13.5 billion yuan by 2025. The market size forecast of China's reflective materials in the next few years is shown in the following figure:

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