Armor Materials Market to Worth USD 18.97 Billion at a CAGR of 7.3% by 2027

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.
Increasing adoption of metals, including high-thickness steel, aluminum, and titanium, as protective layer materials for the vehicle, aviation, and marine defense frameworks, is anticipated to influence growth. These protective layer materials secure extraordinary qualities by alloying, heat treatment, and working methods, which empower them to satisfy distinctive ballistic assurance necessities.

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Top companies 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.

The rise in demand for lightweight aerospace and marine armor is also a major factor influencing market demand. Companies and research institutes have been focusing on developing lightweight products for these operations. For instance, in 2019, the researchers at University at Buffalo produced a lightweight plastic, which is almost fourteen times stronger and eight times lighter than steel. The material is expected to be ideal for absorbing the impact of bullets and other projectiles.

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Segments covered in the report:

Raw Material Type Outlook (Revenue, USD Million; 2017-2027)

  • Metals and Alloys
  • Ceramics
  • Composites
  • Para Aramid Fiber
  • Ultra High Molecular Weight
  • Polyethylene
  • Fiberglass
  • Others

Application Outlook (Revenue, USD Million; 2017-2027)

  • Vehicle Armour
  • Aerospace Armour
  • Body Armor
  • Civil Armor
  • Marine Armor

Regional Outlook (Revenue, USD Million; 2017-2027)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • Italy
    • Spain
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
  • MEA
  • Latin America
    • Brazil

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