Armor Materials Market is Anticipated to Grow at an Impressive CAGR During 2022-2027

Stratview Research has published a report on the Armor Materials Market Segmented by Material Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fiber, Ultra-High-Molecular-Weight Polyethylene, Fiberglass, and Others), by Application Type (Vehicle Armor, Aerospace Armor, Body Armor, Civil Armor, and Marine Armor), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the presented report, Armor Materials Market is likely to witness an impressive CAGR of 7.3% during the forecast period. The development of advanced armor materials using composites and nano-fibers is majorly contributing to the growth of the armor materials market.

Market Segments' Analysis

The market researchers have studied the Armor Materials Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is a short piece of information -

Based on the material type, the market is segmented as metals & alloys, ceramics, composites, para-aramid fiber, ultra-high-molecular-weight polyethylene, fiberglass, and others. Metals & Alloys are estimated to account for the largest share of the armor materials market during the forecast period. High-density steel, titanium, and aluminum, along with their alloys are the metals that are used as armor materials for various applications such as vehicle, aerospace, body, civil, and marine armor systems. These armor materials offer excellent properties such as strength and toughness by heat treatment, alloying, and working techniques, which make them capable of providing the required ballistic protection.

Based on the application type, the armor materials market is segmented as vehicle armor, aerospace armor, body armor, civil armor, and marine armor. Body armor is expected to grow at the highest rate during the forecast period. Increasing security concerns in emerging economies and provision of security to law enforcement and military personnel and modernization of weapons are the main factors contributing to the growth of the body armor segment.

In terms of regions, North America is estimated to account for a considerable share of the armor materials market by 2024, driven by the surge in demand for homeland security applications and the incessant development of advanced armor systems for the US Army.

Key Players

Some of the major players in the armor materials market are-

• Alcoa Corporation
• Allegheny Technologies, Inc.
• Compagnie de Saint-Gobain S.A.
• Dupont De Nemours, Inc.
• Honeywell International Inc.
• Koninklijke DSM N.V.
• Saab AB
• Tata Steel Ltd.
• Teijin Limited
• The 3M Company

What else is available in this report?

The answer lies in the TOC and other details. Take a sneak peek into the TOCs of this report.

• Report Scope
• Report Objectives
• Research Methodology
• Market Segmentation
• Secondary Research
• Primary Research
• Breakdown of Primary Interviews by Region, Designation, and Value Chain
• Data Analysis and Triangulation

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