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Ballistic Composites Market 2021

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Ballistic Composites Market by Fiber Type (Aramid, UHMWPE, S-Glass), Matrix Type (Polymer, Polymer-Ceramic, Metal), Application (Vehicle Armor, Body Armor, Helmet & Face Protection), and Region - Global Forecast to 2021 – PowerPoint PPT presentation

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Title: Ballistic Composites Market 2021


1
Ballistic Composites Market Expected to Reach
1.80 Billion USD by 2021
2
  • The report "Ballistic Composites Market by Fiber
    Type (Aramid, UHMWPE, S-Glass), Matrix Type
    (Polymer, Polymer-Ceramic, Metal), Application
    (Vehicle Armor, Body Armor, Helmet Face
    Protection), and Region - Global Forecast to
    2021", is projected to reach USD 1.80 Billion by
    2021, growing at a CAGR of 7.12, from 2016 to
    2021. The rising demand for ballistic composites
    in personal protection due to its light weight
    and high strength properties is the major driver
    for the growth of the ballistic composites
    market.
  • Early buyers will receive 10 customization on
    this report.

3
  • Browse 62 market data tables and 38 figures
    spread through 133 pages and in-depth TOC
    on "Ballistic Composites Market by Fiber Type
    (Aramid, UHMWPE, S-Glass), Matrix Type (Polymer,
    Polymer-Ceramic, Metal), Application (Vehicle
    Armor, Body Armor, Helmet Face Protection), and
    Region - Global Forecast to 2021"https//www.mar
    ketsandmarkets.com/Market-Reports/ballistic-compos
    ites-market-217827442.htmlAramid fiber
    comprises a major share in the ballistic
    composites market in terms of value and volume
  • Aramid fiber has the largest share in the global
    ballistic composites market and the market for
    aramid fiber ballistic composites is projected to
    grow at the highest CAGR in terms of both, value
    and volume. Aramid fibers are strong synthetic
    fibers with high heat-resistant properties. These
    fibers are extensively used for the body armor
    application. The high dynamic energy absorption
    characteristics, high modulus, high specific
    strength, and excellent thermal properties is
    leading to the growth of aramid fiber in the
    ballistic composites market.

4
The major share in the ballistic composites
market is owned by polymer matrix Polymer matrix
used in ballistic applications have low weight,
high friction, and temperature resistance
properties. Polymer matrix ballistic composites
are considered the material of choice for various
applications such as body vest, protective
garments, and helmets. Owing to the advantageous
properties offered, polymer matrix composites
were estimated to be the largest segment of the
ballistic composites market in 2015, by value as
well as volume. Ballistic composites are largely
used in the vehicle armor application The
vehicle armor application led the global
ballistic composites market and accounted for the
largest share in terms of value and volume, both
for the year 2015. Vehicle armor is equipped with
ballistic composites to ensure high level
protection against ballistic impacts and to
provide high protection to the lives of military
personnel in these vehicles. Owing to the high
level of safety provided by the use of ballistic
composites, it is largely utilized for the
vehicle armor application.
5
North America is a major region driving the
ballistic composites market North America
accounted for the largest market share in
ballistic composites, globally, in 2015. The
growth of the ballistic composites market in this
region is driven mainly by established players in
this region. High spending by the military
industry on maintenance of security, and
stringent standards by the U.S. government
emphasizing the safety of the defense forces is
another major reason leading to the high growth
of the ballistic composites market in North
America. For instance, high spending of the U.S
government on several military programs such as
Armored Multipurpose Vehicle (AMPV) Joint Light
Tactical (JLTV) program and others are expected
to drive the demand for ballistic composites in
the defense sector in North America. Some of the
key global players in the ballistic composites
market are Honeywell International Inc. (U.S.),
Royal Ten Cate NV (Netherlands), BAE Systems
(U.K.), DSM (Netherlands), Gurit (Switzerland),
DuPont (U.S.), Teijin (Japan), Morgan Advanced
Materials (U.K.), CoorsTek Inc.(U.S.), Southern
States LLC (U.S.), Barrday Corporation (Canada),
Solvay (Belgium), and 3M (U.S.), among others.
These players have strong business strategies and
product offerings for the ballistic composites
market. For more information, speak with analyst
at https//www.marketsandmarkets.com/speaktoanalys
t.asp?id217827442
6
  • Objectives of the Study
  • To define, describe, and forecast the ballistic
     composites market, in terms of value, and volume
  • To identify and measure the ballistic  composites
    market by matrix type, by fiber type,
    application, and region
  • To analyze the significant region-specific market
    trends in North America, Europe, Asia-Pacific,
    Latin America, and Middle East Africa (MEA)
    and country-specific trends in major countries
    such as the U.S., Germany, France, the U.K.,
    China, and Japan, among others
  • To provide detailed information regarding the
    major factors influencing the growth of the
    market (drivers, restraints, opportunities,
    industry-specific challenges, and burning issues)
  • To analyze recent market developments such as
    investments expansions, new product launches,
    agreements/partnerships/ joint ventures, and
    acquisitions in the ballistic  composites market
  • To strategically profile and analyze the key
    market players and their core competencies

7
About MarketsandMarkets
MarketsandMarkets provides quantified B2B
research on 30,000 high growth niche
opportunities/threats which will impact 70 to
80 of worldwide companies revenues. Currently
servicing 7500 customers worldwide including 80
of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets
for their painpoints around revenues
decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
8
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarke
ts.com
https//www.marketsandmarkets.com/Market-Reports/b
allistic-composites-market-217827442.html
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