Armor Materials Market by Type, Application, and Region - Global Forecast to 2022

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28 Jul, 2017, 17:30 BST

DUBLIN, July 28, 2017 /PRNewswire/ --

The "Armor Materials Market by Type, Application, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The armor materials market is projected to grow from an estimated USD 8.67 Billion in 2017 to USD 12.11 Billion by 2022, at a CAGR of 6.92% during the forecast period. The growth of this market is primarily attributed to the changing battlefield scenarios and development of advanced weapons and ammunition which in turn is expected to lead to an increase in the demand for better and more effective armor solutions.

The armor materials market has been segmented on the basis of product type, application, and region. On the basis of product type, metals & alloys lead the armor materials market due to their high structural ballistic protection properties and their low cost. Ceramics are the fastest-growing armor material types on account of their low weight and high rigidity. Ceramics are increasingly being used in vehicle and body armor applications to reduce the weight of units.

On the basis of application, the armor materials market has been classified into vehicle armor, aerospace armor, body armor, civil armor, and marine armor. The body armor segment is projected to grow at the highest CAGR between 2017 and 2022. The demand for body armor is increasing due to the rise in homeland security concerns along with the increased requirement for these protection systems by law enforcement agencies.

The armor materials market is sensitive and regulated by a number of governmental restrictions and regulations, which restricts manufacturers when dealing with other companies in different countries. The high cost of production for most of the armor materials and issues related to raw material procurement are other factors that are restraining the growth of the armor materials market.

Companies Mentioned

  • 3M Ceradyne, Inc.
  • AGY Holding Corp.
  • Alcoa Corporation
  • Allegheny Technologies Inc.
  • AT&F Advanced Metals LLC
  • Ceramtec GmbH
  • Cerco Corp.
  • Compagnie De Saint-Gobain Sa
  • Coorstek Inc.
  • CPS Technologies Corp.
  • DSM NV
  • E. I. Du Pont De Nemours and Company
  • Honeywell International Inc.
  • JPS Composite Materials
  • Leeco Steel LLC
  • Morgan Advanced Materials
  • PPG Industries Inc.
  • Protective Structures, Ltd.
  • Royal Tencate NV
  • Saab AB
  • Schunk Carbon Technology
  • Surmet Corporation
  • Tata Steel Limited
  • Waco Composites
  • Xeracarb Ltd.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Armor Materials Market, By Product Type

7 Armor Materials Market, By Application

8 Armor Materials Market, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/pqfc5g/armor_materials

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SOURCE Research and Markets