Ballistic Composites Market 2021

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Ballistic Composites Market Expected to Reach
1.80 Billion USD by 2021
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• The 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", is projected to reach USD 1.80 Billion by
  2021, growing at a CAGR of 7.12, from 2016 to
  2021. 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.
• Early buyers will receive 10 customization on
  this report.

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• Browse 62 market data tables and 38 figures
  spread through 133 pages and in-depth TOC
  on "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"https//www.mar
  ketsandmarkets.com/Market-Reports/ballistic-compos
  ites-market-217827442.htmlAramid 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.

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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. 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.
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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. 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. For more information, speak with analyst
at https//www.marketsandmarkets.com/speaktoanalys
t.asp?id217827442
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• Objectives of the Study
• To define, describe, and forecast the ballistic
   composites market, in terms of value, and volume
• To identify and measure the ballistic  composites
  market by matrix type, by fiber type,
  application, and region
• To analyze the significant region-specific market
  trends in North America, Europe, Asia-Pacific,
  Latin America, and Middle East Africa (MEA)
  and country-specific trends in major countries
  such as the U.S., Germany, France, the U.K.,
  China, and Japan, among others
• To provide detailed information regarding the
  major factors influencing the growth of the
  market (drivers, restraints, opportunities,
  industry-specific challenges, and burning issues)
• To analyze recent market developments such as
  investments expansions, new product launches,
  agreements/partnerships/ joint ventures, and
  acquisitions in the ballistic  composites market
• To strategically profile and analyze the key
  market players and their core competencies

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