Global Armor Materials Market Analysis 2017-2025: Emerging Trends, Industry Segmentation, Scope, Growth Factors, Opportunity Assignment, Demand, & Forecast

Global Armor Materials Market Outlook 2017-2025

Armor material has gone through several developments since ages. Technology plays an important role in material used in armor in order to withstand all futuristic threats. The investments in manufacturing of armor, government investments for defense and security and increasing threats is driving the adoption of advanced materials in manufacturing of armor. Advanced materials are an example of advancing technology that provide more strength, resistance to temperature and moisture and is light weighted. Worldwide the focus has shifted towards improved performance, dynamic, reactive and active armor technologies and creative design concepts. The battle tanks that were earlier made of steel are now made with the use of multiple materials to provide desired specifications. The companies such as DuPont are competing to produce most robust and weightless armor material. Goldstein Research analyst forecast that the global armor materials market is set to reach nearly USD 16.07 billion by 2025, growing at a CAGR of 7.1% over the forecast period (2017-2025).

Global Armor Materials Market Segmentation

By product

• Metals & Alloys
• Ceramics
• Composites
• Fiberglass
• Para-aramid Fiber
• UHMWPE (Ultra High Molecular Weight Polyethylene)
• Others (Graphene, Uranium, etc.) 

Metals and alloys segment acquired largest market share of 33.4% in 2017 growing at a CAGR of 7.3% over the forecast period followed by ceramics, Para-aramid fiber and UHMWPE.

By Application

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

By Geography

• North America (U.S. & Canada)  Armor Materials Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest Of Latin America)  Armor Materials Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe)  Armor Materials Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia)  Armor Materials Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, Romea) Armor Materials Market {Market Share (%), Market Size (USD Billion)}

Based on geography, North America region accounted for largest market share of 34.1% in 2017 closely followed by Europe in terms of investments in defense and security and expenditure on manufacturing of armor materials. Asia-Pacific is the next opportunistic region for the growth of armor materials, expected to grow at a CAGR of 7.5% over the forecast period.

Covered In This Global Armor Materials Market Report              

The report covers the present ground scenario and the future growth prospects of the armor materials market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.

Global Armor Materials Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global armor materials market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Armor Materials Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Global armor materials market report comprises of the following companies as the key players: Honeywell International Inc., Royal Tencate NV, Akzo Nobel, DSM NV, 3M Ceradyne, Inc., E. I. Du Pont De Nemours and Company, Morgan Advanced Materials, JPS Composite Materials, CPS Technologies Corp., etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Armor Materials Market Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

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