The global armor materials market reached a value of US$11.2 billion in 2021. IMARC Group expects the market to reach a value of US$16.5 billion by 2027.
SHERIDAN, WYOMING, USA, April 11, 2022 /EINPresswire.com/ — Armor materials are the specialized protective fabrics that are used to absorb shock and minimize damage inflicted by external forces. They absorb the impact of bullets by dispersing the incoming energy across the surface. Armor materials are made from leather, ceramics, metals, para-aramid fibers, fiberglass materials, etc. They are also produced using aluminum oxide, boron carbide, titanium boride, silicon carbide, synthetic diamond composite, aluminum nitride, etc. high structural strength, resistance to fractures and cracks, chemical inertness, etc. Therefore, they are widely used in bulletproof vests, helmets, armors, vehicles, etc.
Base year: 2021
Forecast year: 2022-2027
The global armor materials market reached a value of US$11.2 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$16.5 billion. 2027, posting a CAGR of 6.20% in 2022-2027.
Armor Materials Market Trends and Drivers:
The expansion of the defense sector mainly drives the market for armor materials, as these products are used to protect soldiers in the battlefield during combat operations and reduce the intensity of bullets or weapons. Additionally, the widespread use of the products to protect military vehicles against missiles, bullets, ammunition, etc., is further catalyzing the growth of the market.
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In addition, the launch of lightweight armor materials that are highly flexible and durable and provide enhanced protection acts as another important growth driver. Additionally, the growing requirement for products in the maritime industry to protect assets against shellfire, underwater torpedoes, ultraviolet (UV) rays, etc., is also increasing the global market.
Apart from this, the widespread adoption of ultra high molecular weight polyethylene to produce flexible, durable and lightweight body armor is expected to drive the armor materials market in the coming years.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2022-2027 Global Armor Materials Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Allegheny Technologies Incorporated, Avon Rubber plc, CeramTec TopCo GmbH, CoorsTek Inc., DuPont de Nemours Inc., Honeywell International Inc., Koninklijke DSM NV, Koninklijke Ten Cate BV, Morgan Advanced Materials, PPG Industries Inc., Saab AB and Saint- Gobain S.A.
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The report has segmented the market based on region, type, protection type and application.
Breakdown by type:
• Metals and alloys
• Composite materials
• Para-aramid fibers
• Ultra high molecular weight polyethylene
Breakdown by type of protection:
• Airborne ballistics
• Explosions and explosions
Breakdown by application:
• Bullet proof vest
• Civilian armor
• Navy armor
• Vehicle armor
Breakdown by region:
• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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