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Armor materials market growing at a CAGR of 6.92% from 2017 to 2022 according to new research report

The armor materials market is estimated at $ 8.67 Billion in 2017 and is projected to reach $ 12.11 Billion by 2022, at a CAGR of 6.92% from 2017 to 2022.

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The armor materials market has been segmented on the basis of product type, application, and region. On the basis of product type, metals & alloys lead the armor materials market due to their high structural ballistic protection properties and their low cost.

Ceramics are the fastest-growing armor material types on account of their low weight and high rigidity.

 

Report:

www.rnrmarketresearch.com/contacts/request-sample?rname=456505

The ecosystem of the armor materials market comprises manufacturers of armor material products, such as include E.

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I. Du Pont De Nemours and Company (US), DSM NV (Netherlands), Honeywell International Inc.

(US), Compagnie de Saint-Gobain SA (France), Allegheny Technologies Incorporated (US), 3M Ceradyne, Inc. (US), Alcoa Inc. (US), Royal TenCate NV (Netherlands), Saab AB (Sweden), CoorsTek Inc.

(US), Morgan Advanced Materials (UK), CeramTec GmbH (Germany), Tata Steel Limited (India), AGY Holding Corp. (US), PPG Industries Inc. (US), and end users such as military & defense, aerospace, and law enforcement agencies.

Body armor segment is projected to grow at the highest CAGR in the armor materials market, in terms of value and volume, between 2017 and 2022.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.

The base year considered for the study is 2016, and the forecast period is from 2017 to 2022.

Target Audience:

  • Armor Material Manufacturers
  • Armor System Manufacturers
  • Government Planning Commissions and Research Organizations
  • Industry Associations
  • End-use Industries
  • R&D Institutions
  • Investment Banks and Private Equity Firms
  • Armor Materials Traders, Distributors, and Suppliers
  • End-use Market Participants of Different Segments of Armor Materials           
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms

The armor materials market has been segmented on the basis of product type, application, and region. On the basis of product type, metals & alloys lead the armor materials market due to their high structural ballistic protection properties and their low cost.

Ceramics are the fastest-growing armor material types on account of their low weight and high rigidity. Ceramics are increasingly being used in vehicle and body armor applications to reduce the weight of units.

 

Access complete report on Armor Materials Market by Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass) at

www.rnrmarketresearch.com/contacts/?rname=456505

On the basis of region, the armor materials market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East &Africa. North America is projected to account for a major share of the armor materials market by 2022,which can be attributed to the increasing demand for homeland security applications and the development of advanced armor systems for the US Army.

On the basis of application, the armor materials market has been classified into vehicle armor, aerospace armor, body armor, civil armor, and marine armor. The body armor segment is projected to grow at the highest CAGR between 2017 and 2022.

The demand for body armor is increasing due to the rise in homeland security concerns along with the increased requirement for these protection systems by law enforcement agencies.

Based on region, the armor materials market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America is the largest market for armor materials and is expected to continue to lead the market by 2022.

Browse complete report on 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 2022, now at

www.rnrmarketresearch.com/armor-materials-market-by-type-metals-alloy-ceramic-composite-para-aramid-fibers-uhmwpe-fiberglas-by-application-vehicle-aerospace-body-civil-marine-and-by-region-global-trends-forecast-to-2020-market-report.html

The US is a major armor materials consumer in the region as well as globally, owing to rising homeland security concerns due to terrorism. The Asia Pacific is projected to be the fastest-growing market for armor materials driven by increasing defense budgets, military modernization programs, rising tensions between countries in the region, along with terrorism and insurgency incidents.

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