Ballistic Composites Market to 2021 - Analysis of BAE Systems, Gurit, Honeywell International, Koninklijke Ten Cate, and Royal DSM

MarketResearchNest.com adds “Global Ballistic Composites Market 2017-2021” new report to its research database. The report spread across 76 pages with table and figures in it.
Research analysts forecast the global ballistic composites market to grow at a CAGR of 7.20% during the period 2017-2021.

About Ballistic Composites
Ballistic composites are a combination of two or more materials with different properties different. These materials have a high stiffness and tensile strength, low density, high thermal and electrical conductivity, and adjustable coefficient of thermal expansion. They are also resistant to corrosion and are stable at high temperatures. Ballistic composites are classified based on matrix and filler materials. In recent years, the use of ballistic composites in PMC has increased and is expected to witness growth during the forecast period

Covered in this report

The report covers the present scenario and the growth prospects of the global ballistic composites market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at https://www.marketresearchnest.com/global-ballistic-composites-market-2017-2021.html

The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW

Technavio's report, Global Ballistic Composites Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global ballistic composites market: BAE Systems, Gurit, Honeywell International, Koninklijke Ten Cate, and Royal DSM.

Other Prominent Vendors in the market are: II-VI M Cubed, Barrday, FY-Composites, Gaffco Ballistics, JPS Composite Materials, Matrix Composites, Morgan Advanced Materials, Plastic Reinforcement Fabrics, Southern States, and TEIJIN.

Commenting on the report, an analyst from Research team said: “One trend in the market is use of nanocomposites. Continuous improvements in nanotechnology have resulted in innovations in the nanocomposites market. Nanocomposites are gaining popularity as they are recyclable and can be processed at low costs for various applications ranging from drug delivery to corrosion prevention of metals.

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According to the report, one driver in the market is growing demand from aerospace and defense industry. The major driving force for the growth of the ballistic composites market is the increased demand from the aerospace and defense industry. Ballistic composites are widely used in vehicle armors and body and engines of aircraft due to their superior properties over metals and alloys. Furthermore, these materials can withstand higher temperatures and are lighter than metals and alloys. Therefore, they are used for manufacturing advanced ballistic protection equipment and high-pressure turbines. This helps reduce fuel burn and emissions and increases the overall energy efficiency of the engines

Further, the report states that one challenge in the market is premium pricing of high-performance ballistic composites. Ballistic composite products are more expensive than their metal counterparts due to their complex manufacturing process. This makes it difficult for the vendors to increase their sales. Apart from PMC, the pricing of CMC and MMC is high and complex due to the design complexity of ballistic composites. The use of CMC-based brake discs in the automobile sector is still limited to F1 cars and high-performance commercial vehicles. Only a few established vendors in the aviation sector such as Boeing and Airbus use parts made of CMCs as these products are high in cost.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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