Armor Materials Market is accounted for $8B & expected to reach $14B by 2023 growing at a CAGR of 7.6% Globally

A new research document with title 'Armor Materials - Global Market Outlook (2017-2023)' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North & South America,Europe ,Asia Pacific ,America ,Middle East & Africa and important players/vendors such as DuPont, 3M Ceradyne, Inc., Tata Steel. The report will help user gain market insights, future trends and growth prospects for forecast period of 2023

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According to Research, the Global Armor Materials Market is accounted for $8.35 billion in 2016 and is expected to reach $13.98 billion by 2023 growing at a CAGR of 7.6% during the forecast period. Growing demand for motherland security, technological advancement of weapons, rising security issues and growing terrorism activities across the world are some of the key factors favouring the market growth. However, huge costs of manufacturing and strict government rules are hampering the market.

Armor materials refer to the materials which are used to strengthen and upgrade the armor. These armor materials are used in various armors such as helmet, vest, vehicle and others. Several global armor material manufacturers are developing and manufacturing light weight and durable armor materials. These lightweight armor systems are more effective in complex situations.

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Ceramic materials have been used successfully in personal armor systems to defeat small-arms threats. They are preferred for personal armor systems because they are lighter than more traditional armor made of metallic alloys. Ceramic armor can be used to protect vehicles as well as individual personnel. Ceramics are known to be some of the hardest materials, and unlike materials such as Kevlar ceramics break the bullet. The strongest and lightest ceramic is boron carbide. The commercially manufactured ceramics for armor include materials such as boron carbide, aluminium oxide, silicon carbide, titanium boride, aluminium nitride, and synthetic diamond composite.

North America captured the largest market share of the Armor Materials market during the forecast period. Asia Pacific is anticipated to grow at the fastest CAGR due to growing security issues and battles among the nations in the region.

Some of the key players in Armor Materials market include DuPont, 3M Ceradyne, Inc., Tata Steel Limited, Waco Composites, Xeracarb Ltd., PPG Industries, Inc., Honeywell International Inc., CoorsTek, Inc., Morgan Advanced Materials, Royal Tencate NV, AGY Holding Corp., JPS Composites Materials, Surmet Corporation, CPS Technologies Corp, Allegheny Technologies, Inc., Waco Composites and Saint-Gobain S.A.

Applications Covered:
• Civil Armor• Aerospace Armor• Marine Armor• Vehicle Armor• Body Armor• Other Applications Product

Market Segment by Application 2012 2016 2022 Market Share (%)2022 CGAR (%)
(2016-2022)
Civil Armor xx xx xx xx% xx%
Aerospace Armor xx xx xx xx% xx%
Marine Armor xx xx xx xx% xx%
Total xx xx xx 100% xx%

Types Covered:• Ultra High Molecular Weight Polyethylene (UHMWPE)• Ceramics• Para-Aramid Fiber• Metals & Alloys• Fiberglass• Composites

Market Segment by Type 2016 2017 2018 2019 2020 2021 2022
UHMWPE xx xx xx xx xx Xx xx
-Change (%) xx% xx% xx% xx% xx% xx% xx%
Ceramics xx xx xx xx xx Xx xx
-Change (%) xx% xx% xx% xx% xx% xx% xx%
Total xx xx xx xx xx xx xx
-Change (%) xx% xx% xx% xx% xx% xx% xx%

Regions Covered:
• North Americao USo Canadao Mexico• Europeo Germanyo Franceo Italyo UK o Spain o Rest of Europe
• Asia Pacific o Japan o China o India o Australia o New Zealando South Koreao Rest of Asia Pacific
• South Americao Argentinao Brazilo Chileo Rest of South America
• Middle East & Africao Saudi Arabiao UAEo Qataro South Africao Rest of Middle East & Africa
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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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