Ballistic Protection Materials Market size and Key Trends in terms of volume and value 2016-2026
Ballistic protection materials are used to manufacture several protective equipment which include helmets, body armours, armours for vehicles etc.
With the growing external defence systems of almost every country in the world, the demand for protective equipment is increasing globally, which in turn is expected to increase the demand for ballistic protection materials. Because of the growing defence industry, the ballistic protection materials’ market is anticipated to register a significant growth during the forecast period of 2015-2025.
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Drivers and Restraints
Social tensions are always present in all regions of the world either from the external or internal sources or due to other reasons. The un-socialistic elements of the society force the governments to be always prepared for the protection of their people. Whilst the preparation for this protection, ballistic protection materials play a significant role and are used in significant amounts.
Terrorism too is one of the biggest threat as well as malign factor in the modern times that has left not even the tiniest part of the world untouched from its grasp. To eradicate, prevent and get protective from such activities, the government needs high level protection for its defense forces. This kind of high level protection requires the use of ballistic protection materials which can help to protect people from severe damages.
The global ballistic protection materials market is segmented on the basis of following categories:
On The Basis Of Product Group
On The Basis Of Armour Type
On The Basis Of Applications
On The Basis Of End-user
On the basis of product gorup, the ballistic protection materials market is segmented as the following:
Poly-ethylene (PE) Based
Aramid (Aromatic Amide) Based
On the basis of armour type, the ballistic protection materials market is segmented as the following:
On the basis of applications, the ballistic protection materials market is segmented as the following:
On the basis of end-user, the ballistic protection materials market is segmented as the following:
Geographically, global ballistic protection materials market is segmented into seven main regions, which are North America, Latin America, Middle East & Africa, Western Europe, Eastern Europe, Asia Pacific and Japan. North America is the prime region in the global ballistic protection materials market followed by Europe. Additionally, Asia-pacific is expected to rise as a significant region in the global ballistic protection market over the period of 2015-2025.
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The major players in the ballistic protection materials market are as following:
Honeywell International Inc.
Koninklijke Ten Cate nv.
Morgan Advanced Materials plc
Market Supply & Demand
Market Current Trends/Issues/Challenges
Competition & Companies involved
Market Value Chain
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