Ballistic Composites Market worth 1.80 Billion USD by 2021
By MarketsandMarkets™ - Nov 02, 2018
[133 Pages Report] Ballistic Composites Market research report categorizes the global market by Matrix Type (Polymer-Ceramic, Metal,Polymer), Application (Body Armor, Helmet & Face Protection, Vehicle Armor), Fiber Type (UHMWPE, S-Glass, Aramid) & by Geog
(EMAILWIRE.COM, November 02, 2018 ) According to the new market research 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", published by MarketsandMarkets™, the ballistic composites market is projected to reach USD 1.80 Billion by 2021, growing at a CAGR of 7.12%, from 2016 to 2021.Don’t miss out on business opportunities in ''Ballistic Composites Market''. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=217827442
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.
Aramid 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.
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.
Browse and in-depth TOC on ''Ballistic Composites Market''
62 - Tables
38 - Figures
133 - Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/ballistic-composites-market-217827442.html
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.
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.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=217827442
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.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
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.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" 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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Media Contact
- Mr. Shelly Singh
- sales@marketsandmarkets.com
Related Tags
Read other news from MarketsandMarkets™
Timing Devices Market Size, Share, Revenue Trends & Forecast to 2030
MarketsandMarkets™ - Sep 18, 2023
Timing Devices Market by Type (Oscillators, Atomic Clocks, Clock Generators, Clock Buffers, Jitter Attenuators), Material (Crystal, Silicon, Ceramic), Vertical (Consumer Electronics, Automotive) and Region - Global Forecast to 2030 ...Read more
Artificial Intelligence Market Segmented by Product, Top Manufacturers, Geography Trends & Growth Opportunity to 2030
MarketsandMarkets™ - Sep 18, 2023
Artificial Intelligence technology such as machine learning, natural language processing, computer vision, and others are revolutionizing various sectors, including healthcare, finance, manufacturing, and retail. ...Read more
Digital PCR (dPCR) and Real-time PCR (qPCR) Market worth $12.4 billion by 2028, at a CAGR of 7.8%.
MarketsandMarkets™ - Sep 18, 2023
"Digital PCR (dPCR) and Real-time PCR (qPCR) Market by Product (Instruments, Reagents & Consumables, Software & Services), Application (Clinical, Research, Forensic), End User (Hospital, Diagnostic Labs, Pharma, Biotech, CROs) - Global Forecast to 2028". ...Read more