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.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3118

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.

To know more about the [email protected] https://www.reportsanddata.com/report-detail/armor-materials-market

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

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3118

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Blog: https://www.reportsanddata.com/blogs

You may also like...

Leave a Reply

Your email address will not be published.