The report on the Ballistic Composites Market published by Stratview Research covers in depth details associated with the Ballistic Composites Market.
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The Ballistic Composites Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Ballistic Composites Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
Key Players
The following are the key players in the Ballistic Composites Market:
Honeywell International Inc.
BAE Systems plc
Koninklijke Ten Cate bv
Koninklijke DSM N.V.
E. I. du Pont de Nemours and Company
Morgan Advanced Materials
Southern States, LLC
Barrday Corporation
PRF Composite Materials
Gaffco Ballistics Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Ballistic Composites Market value and growth drivers over the trend period of 2022-27. According to the report –
Ballistic composites market is likely to witness an impressive CAGR of 7.6% during the forecast period. The growing demand for ballistic composites in personal safety owing to their high strength and lightweight properties drives the ballistic composites market globally.
Segment Analysis:
Based on Fiber Type:
Based on the fiber type, the market is segmented as aramid fiber, UHMPE fiber, glass fiber, and others. The aramid fiber segment held the largest share of the market in 2018, and is expected to remain dominant during the forecast period owing to its extensive use in the helmets, shields, and vest protection applications.
Based on Region:
In terms of regions, North America is estimated to lead the ballistic composites market during the forecast period. The USA is the growth engine of the region’s market owing to the world’s largest defense spending, significant investment towards research and development, and presence of a large number of ballistic composite suppliers. Asia-Pacific is expected to witness the highest growth during the forecast period owing to increasing defense budget, offset policies in countries such as India, rising tension among the countries in the region, and growing demand for advanced materials for body and vehicle armor.
Critical Questions Answered in the Report
• What are the key trends in the Ballistic Composites Market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on Ballistic Composites Market?
• What are the key strategies adopted by the major vendors to lead in the Ballistic Composites Market?
• What is the market share of the top vendors?
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