Aramid Fibers Ballistic Composites Quantitative Market Analysis, Current And Future Trends
The report offers actionable and valuable market insights of Aramid Fibers Ballistic Composites. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Aramid Fibers Ballistic Composites Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Aramid Fibers Ballistic Composites market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Aramid Fibers Ballistic Composites
This newly published and insightful report sheds light on Market Insights of Aramid Fibers Ballistic Composites, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Aramid Fibers Ballistic Composites Market.
Fact.MR – a market research and competitive intelligence provider, projects the global ballistic composites market to have a positive outlook, expanding at a CAGR of above 6% across the 2021-2031 forecast period.
Ballistic composites are raw substances used in myriad defense applications such as vehicle armours, vests, and helmets. These materials absorb the impact energy caused as a result of explosives, mainly utilized by defense and law enforcement agencies. Ballistic composites are used in protective gear and other advanced defense equipment.
Rising need for lightweight and high strength composites coupled with increasing requirement for personal protection due to growing security threats is set to propel sales of ballistic composites over the coming years.
Key Takeaways from Market Study
Global ballistic composites market to top US$ 2.5 Bn by 2031.
Aramid fibers are projected to reach around US$ 300 Mn by 2031.
Glass fibers are projected to record above 4% CAGR over the next 10 years.
The market in Japan to record 3% CAGR over the forecast period of 2021- 2031.
China forecast to reach a projected market size above US$ 490 Mn by 2031.
Market in Canada projected to expand at above 4% CAGR over the next 10 years.
“Escalating requirement for protective equipment with constant technological breakthroughs will pave the way for expansion of the ballistic composites industry in the years to come,” says a Fact.MR analyst.
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Companies leverage strategic collaborative initiatives to increase their market share and profitability. They are also acquiring start-ups working on technologies to strengthen their product capabilities.
In 2017, DSM expanded the research & development capabilities of its Dyneema ballistic materials specifically for application in helmets. With this expansion, the company had demonstrated its commitment to support global armour manufacturers who are looking to manufacture next-generation hug performance, lightweight helmets.
In 2020, Honeywell announced the newest addition to its innovative Spectra Shield 6000 series for high-performing ballistic materials to meet strict requirements for protective equipment and growing global demand for lightweight protection. Spectra Shield® 6166, which further expands Honeywell’s suite of high-performing hard armour products for militaries and law enforcement, was introduced at the SHOT Show at the Sands Expo Center in Las Vegas.
Key Market Segments in Ballistic Composites Industry Research
Polymer Matrix Composites
Vehicle Armour Ballistic Composites
Body Armour Ballistic Composites
Helmets and Face Protection Ballistic Composites
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Sales and Demand of Aramid Fibers Ballistic Composites
Growth of Aramid Fibers Ballistic Composites Market
Market Analysis of Aramid Fibers Ballistic Composites
Market Insights of Aramid Fibers Ballistic Composites
Key Drivers Impacting the Aramid Fibers Ballistic Composites market
Which are the Key drivers impacted by Aramid Fibers Ballistic Composites market
Restraints Shaping Market Growth
Market Survey of Aramid Fibers Ballistic Composites
More Valuable Insights on Aramid Fibers Ballistic Composites Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Aramid Fibers Ballistic Composites, Sales and Demand of Aramid Fibers Ballistic Composites, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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