The global armor materials market is projected to grow from USD 10.8 billion in 2019 to USD 18.97 billion by 2027, at a CAGR of 7.3%. The development of cutting-edge protection materials based on composites and nano-strands is anticipated to be the major driving factor. Globally, manufacturers have been focusing on enhancing the performance of materials, making them thinner, lighter, and more durable.
Para-aramids and high-molecular-weight polyethylene provide significant performance enhancement and weight reduction as compared to ballistic metal materials in applications such as vests and shields, body armor, and armor components on tanks, helicopters, planes, and other vehicles.
Top Companies Operating in the Global Armor Materials Market:
Saint-Gobain SA; Du Pont; DSM NV; Royal TenCate NV; Alcoa Inc.; Honeywell International Inc.; Saab AB; CoorsTek Inc.; Morgan Advanced Materials; CeramTec GmbH; Tata Steel; AGY Holding Corp.; and PPG Industries Inc.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Armor Materials Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Armor Materials Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Armor Materials Market key players
3.2 Global Armor Materials Market size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Armor Materials Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Armor Materials Market Segmentation
By Raw Material Type Outlook:
- Metals and Alloys
- Ceramics
- Composites
- Para Aramid Fiber
- Ultra High Molecular Weight
- Polyethylene
- Fiberglass
- Others
By Application Outlook:
- Vehicle Armour
- Aerospace Armour
- Body Armor
- Civil Armor
- Marine Armor
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