Nanocomposites are gaining popularity as they are recyclable and can be processed at low costs for various applications ranging from drug delivery to corrosion prevention of metals.”
MRC Announces the Publication of its Research Report – Global Ballistic Composites Market 2017-2021
Other Prominent Vendors in the market are: II-VI M Cubed, Barrday, FY-Composites, Gaffco Ballistics, JPS Composite Materials, Matrix Composites, Morgan Advanced Materials, Plastic Reinforcement Fabrics, Southern States, and TEIJIN.
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Commenting on the report, an analyst from MRC’s team said: “One trend in the market is use of nanocomposites. Continuous improvements in nanotechnology have resulted in innovations in the nanocomposites market.
According to the report, one driver in the market is growing demand from aerospace and defense industry.
The major driving force for the growth of the ballistic composites market is the increased demand from the aerospace and defense industry. Ballistic composites are widely used in vehicle armors and body and engines of aircraft due to their superior properties over metals and alloys.
Furthermore, these materials can withstand higher temperatures and are lighter than metals and alloys. Therefore, they are used for manufacturing advanced ballistic protection equipment and high-pressure turbines.
This helps reduce fuel burn and emissions and increases the overall energy efficiency of the engines
Further, the report states that one challenge in the market is premium pricing of high-performance ballistic composites. Ballistic composite products are more expensive than their metal counterparts due to their complex manufacturing process.
This makes it difficult for the vendors to increase their sales. Apart from PMC, the pricing of CMC and MMC is high and complex due to the design complexity of ballistic composites.
The use of CMC-based brake discs in the automobile sector is still limited to F1 cars and high-performance commercial vehicles. Only a few established vendors in the aviation sector such as Boeing and Airbus use parts made of CMCs as these products are high in cost.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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