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Ballistic Composites Market Analysis by Key Player: Honeywell International Inc., Gaffco Ballistics, DSM, Dupont, PRF Composites | Forecast To 2028

02-11-2020 02:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Ballistic Composites Market

Ballistic Composites Market

According to the latest report by Quince Market Insights, the market for ballistic composites is projected to show high demand from the defense sector in the last few years. Increasing demand from end-use industries is expected to drive the growth of the market for ballistic composites, including commercial, military & defense, civil. This market has witnessed a number of major developments by key companies including Honeywell International Inc., Gaffco Ballistics, DSM, Dupont, PRF Composites, FY Composites OY, Teijin, and others with a focus on organic and inorganic growth strategies. Developing regions like the Asia Pacific and the Middle East were among the strong-potential, high-growth markets in some key economies.

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Ballistic composites are composed of layered structural composites with a polymer matrix reinforced with fibers of glass, carbon and kevlar to give additional strength and rigidity. Ballistic composites are corrosion resistant and due to their high thermal conductivity can sustain high temperatures.

Segmentation for better understanding of this market and its growth prospects

The study provides a perspective on the demand for Ballistic composites by segmenting it based on type of fiber, type of matrix, application and region. Major form of matrix includes a metal matrix, polymer ceramic matrix, composite polymer matrix, and type of fiber includes UHMPE, aramid fibers, glass, M5, hybrid and others.

Some of the main applications of global ballistic composites are body armor, vehicle armor. Body Armor refers to protective clothing such as body armor, body shields clothing safety, and others. Vehicle armor covers air vehicles on land and at shore. Some of the key factors propelling the market of ballistic composites include an increase in defense and safety activities in the Asia Pacific region and strong demand from the armor sector. The market by region is divided by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.

Some of the key Impact Factors:
o High demand from the defence sector

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Honeywell International Inc.
2. Gaffco Ballistics
3. DSM
4. Dupont
5. PRF Composites
6. FY Composites OY
7. Teijin

Regional segmentation and analysis to understand growth patterns:

The Ballistic Composites Market by region has been segmented by North America, Western Europe, Asia Pacific, Eastern Europe, Middle East, and Rest of the World. South America and Africa form the rest of the world. With the involvement of big manufacturers and high market demand, North America and the European region have been typical regions for the aerospace & defense industry. In addition, these regions have been proactive in terms of technological and research advances. It is one of the main factors that influence consumer demand for ballistic composites market over the forecast period. Within these areas, the main countries include the US, France, the UK, Germany, Italy, Russia, Canada, and so on. This field is among the key contributors to the region's economies.

The Asia Pacific is expected to be the fastest-growing region with rising expenditure on defense and space research. This region is expected to be a major market for ballistic composites during the forecast period with the inclusion of some of the fastest-growing economies like India and China. South Korea, Japan, and Australia are also essential countries in the region. During the forecast period, the Middle East region offers high potential market demand for ballistic composites. The region's major countries include the UAE, Saudi Arabia, Iran, Israel, and others. The rest of the world is an emerging economy for ballistic composites, with demand during the forecast period from countries like South Africa, Brazil, Argentina, Nigeria, and others.

Important Development:

o Jun 2016, Morgan Advanced Materials (U.K.), developed new ballistic shields for military applications and law enforcement. The drug is light in weight and provides protection to vulnerable soldiers ' pieces.
o Sep 2015, BAE Systems (U.K.), has concluded a supply deal with the U.S. Army, supplying the army with its lightweight, high-performance ballistic goods for soldiers safety.

Market Segmentation:

o By Matrix Type:
o Metal Matrix
o Polymer-Ceramic Matrix
o Polymer Matrix Composite

o By Fiber Type:
o Aramid Fibers
o Glass
o UHMPE
o Others

o By Application:
o Body Armor
o Vehicle Armor
o Helmets & Face Protection
o Others

o By Region:
o North America
o By Country (US, Canada, Mexico)
o By Matrix Type
o By Fiber Type
o By Application
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Matrix Type
o By Fiber Type
o By Application
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Matrix Type
o By Fiber Type
o By Application
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Matrix Type
o By Fiber Type
o By Application
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Matrix Type
o By Fiber Type
o By Application
o Rest of the World
o By Region (South America, Africa)
o By Matrix Type
o By Fiber Type
o By Application

Reasons to buy this report:

o Market size estimation of global ballistic composites market on a regional and global basis
o The unique research design for market size estimation and forecasts
o Profiling of the major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet the specific requirements:
o By segment
o By sub-segment
o By region/ country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:
QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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