The global armor materials industry was pegged at $10.6 billion in 2019, and is expected to reach $15.7 billion by 2027, growing at a CAGR of 5.3% from 2020 to 2027. Allied Market Research recently published a report, titled, "Armor Materials Market by Material Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, Ultra-high-molecular-weight Polyethylene (UHMWPE), Fiberglass, and Others) and Application (Vehicle, Aerospace, Body, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027".
Major determinants of the market growth
Rise in application of lightweight materials, surge in number of warfare activities, and increase in concern from government over safety have boosted the growth of the global armor materials market. However, limited application of multi-layered composite material and high cost hamper the market. On the contrary, advancements in armor material plates are expected to create lucrative opportunities for the market players in the future.
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Major market players
- China National Bluestar (Group) Co. Ltd.
- Kermel
- Guangdong Charming Co., Ltd.
- BASF SE
- Suzhou Zhaoda Specially Fiber Technical Co., Ltd.
- JSC Kamenskvolokno
- Tango Engineering Ltd.
- YF International BV
- Lydall Performance Materials Inc.
- Polymer Technologies Pte. Ltd.
COVID-19 scenario:
- Increased in warfare across the borders of India-China, the demand for armor materials has increased.
- However, the shortage of labor, lack of raw materials, and disrupted supply chain hamper the manufacturing of armors.
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The composites segment to manifest the highest CAGR through 2027
By material type, the composites segment to register the highest CAGR 6.7% during the forecast period, owing to growing preference of composite materials in mobile military equipment, such as tanks and large ships. However, the metal & alloys segment held the largest share in 2019, accounting for nearly two-fifths of the global armor material market, due to growing application of titanium and its alloys in military armor and vehicle.
The vehicles segment dominated the market
By application, the vehicles segment held the largest share in 2019, contributing to around two-fifths of the global armor material market, owing to growing application of lightweight aluminum alloys in military vehicles such as personnel carriers. However, the body segment is expected to portray the highest CAGR of 6.5% during the forecast period, due to increase in application for Kevlar fabrics and Dyneema fabrics in armor vests.
North America held the lion's share
By region, the market across North America held the largest share in 2019, accounting for more than half of the market, owing to the increasing demand for homeland security applications and development of advanced armor materials and systems for vehicles and aerospace. However, the global armor material market across Asia-Pacific is expected to manifest the highest CAGR of 6.8% during the forecast period, due to increasing warfare activities.
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In this report, our team offers a comprehensive analysis of Armor Materials market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering • Du Pont• Tata• 3M• Honeywell• BaoTi• ATI Metals• FSSS• DSM• Alcoa Corporation• Saint-Gobain• Saab AB• Carpenter Technology• Cerco Corp• AGY Holding• Ceramtec• JPS Composite Materials• Coorstek• Leeco Steel• Waco Composites On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into • Metals & Alloys• Ceramics• Composites Fiber• Others By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into • Civilian Armor• Military Armor By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like • China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026 Table of Contents Global Armor Materials Market Professional Survey Report 2019 1 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Metals & Alloys1.3.2 Ceramics1.3.3 Composites Fiber1.3.4 Others1.4 Application Overview1.4.1 Civilian Armor1.4.2 Military Armor1.5 Industrial Chain1.5.1 Armor Materials Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Metals & Alloys2.1.2 Ceramics2.1.3 Composites Fiber2.1.4 Others2.2 The Overall Market Performance(Value)2.2.1 Metals & Alloys2.2.2 Ceramics2.2.3 Composites Fiber2.2.4 Others 3 Global Armor Materials Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Civilian Armor3.3 Military Armor Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals-and-materials About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
In this report, our team offers a comprehensive analysis of Armor Materials market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering • Du Pont• Tata• 3M• Honeywell• BaoTi• ATI Metals• FSSS• DSM• Alcoa Corporation• Saint-Gobain• Saab AB• Carpenter Technology• Cerco Corp• AGY Holding• Ceramtec• JPS Composite Materials• Coorstek• Leeco Steel• Waco Composites On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into • Metals & Alloys• Ceramics• Composites Fiber• Others By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into • Civilian Armor• Military Armor By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like • China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026 Table of Contents Global Armor Materials Market Professional Survey Report 2019 1 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Metals & Alloys1.3.2 Ceramics1.3.3 Composites Fiber1.3.4 Others1.4 Application Overview1.4.1 Civilian Armor1.4.2 Military Armor1.5 Industrial Chain1.5.1 Armor Materials Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Metals & Alloys2.1.2 Ceramics2.1.3 Composites Fiber2.1.4 Others2.2 The Overall Market Performance(Value)2.2.1 Metals & Alloys2.2.2 Ceramics2.2.3 Composites Fiber2.2.4 Others 3 Global Armor Materials Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Civilian Armor3.3 Military Armor Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals-and-materials About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
The report "Armor Materials Market by Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application (Vehicle, Aerospace, Body, Civil, Marine), and Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2024" The armor materials market size was USD 10.7 billion in 2019 and is projected to reach USD 15.2 billion by 2024, at a CAGR of 7.2% from 2019 to 2024.Browse 118 market data Tables and 50 Figures spread through 187 Pages and in-depth TOC on "Armor Materials Market”♦ Speak To Analyst – https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=25444492Recent DevelopmentsIn June 2018, Dupont launched Tensylon HA120, a new material for helmets that provides maximum ballistic protection at a 40% lighter weight than traditional helmets.In March 2018, Honeywell has partnered with Safariland, LLC, a designer of body armor and tactical protective gear to develop a new design for its Spectra Shield ballistic protective material, which can reduce the weight of handheld shields by up to 20%.In May 2017, signed an agreement to provide more than 6,500 hearing protection devices for the US army.In February 2019, Saab has expanded its footprint in the aerospace ecosystem in India by signing new Memorandums of Understanding (MoUs) with three of the country’s leading aerospace manufacturers; Dynamatic Technologies Limited, CIM Tools Private Limited, and Sansera Engineering Limited.
The MoUs with CIM Tools and Sansera expand the existing working relationships between these two companies and Saab on commercial aerostructures, Gripen fighter, and other defense-related products in the Saab portfolio.By material type metal & alloys segment accounted for the largest market of armor materials market during the forecast periodMetal & Alloys care was the largest application of the armor materials market, in terms of value and volume, in 2018.
Metals such as high-density steel, aluminum, and titanium, along with their alloys, are used as armor materials for the vehicle, aerospace, and marine armor systems.
These armor materials procure special characteristics (robustness, strength, and toughness) by alloying, heat treatment, and working procedures, which enable them to fulfill different ballistic protection requirements.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25444492By application the body armor segment to register the highest CAGR during the forecast periodBody armor segment is projected to grow at the highest CAGR in the armor materials market, in terms of value and volume, during the forecast period.
This growth is attributed to the increasing security concerns in the emerging economies and to provide protection to law enforcement and military personnel.
The rapid development of weapons and ammunition is also a driving factor for the growth of the body armor segment.Contact -Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
In this report, our team offers a comprehensive analysis of Armor Materials market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Du Pont• Tata• 3M• Honeywell• BaoTi• ATI Metals• FSSS• DSM• Alcoa Corporation• Saint-Gobain• Saab AB• Carpenter Technology• Cerco Corp• AGY Holding• Ceramtec• JPS Composite Materials• Coorstek• Leeco Steel• Waco Composites On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Metals & Alloys• Ceramics• Composites Fiber• Others By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Civilian Armor• Military Armor By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026 Table of Contents Global Armor Materials Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Metals & Alloys1.3.2 Ceramics1.3.3 Composites Fiber1.3.4 Others1.4 Application Overview1.4.1 Civilian Armor1.4.2 Military Armor1.5 Industrial Chain1.5.1 Armor Materials Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Metals & Alloys2.1.2 Ceramics2.1.3 Composites Fiber2.1.4 Others2.2 The Overall Market Performance(Value)2.2.1 Metals & Alloys2.2.2 Ceramics2.2.3 Composites Fiber2.2.4 Others 3 Global Armor Materials Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Civilian Armor3.3 Military Armor Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals-and-materials About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
