Ballistic Composites Market Analysis - Trends, Technologies & Forecasts Report 2025
Global
Ballistic
Composites Market is likely to display a momentous growth in the
coming future owing to burgeoning applications and expansion of the scope
across varied sectors. Ballistic composites can be defined as a blend of two or
more materials possessing distinct properties. They are usually grouped on the
basis of matrix as well as filler materials. The most striking features
associated with these materials may entail rigidity, malleability, lower
thickness, exceptional thermal as well as electrical conductivity, corrosion
and temperature resistant, modifiable coefficient of thermal expansion, and
stability.
Due
to their exceptional properties, they are used at a widespread range in
regional disputes, riots, asymmetric warfare, as well as in counteracting
terrorism. It has been noticed that the manufacturers are devising novel
ballistic composites production facilities in order to fulfill the mounting
requirements for ballistic composites among the military and law-enforcement
personnel. The Ballistic Composites Industry is attaining huge recognition
across various sectors owing to burgeoning demands and prerequisites.
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It
is substantial that the Ballistic Composites Market is booming at a greater
CAGR. The prime causes for the positive market growth may encompass
industrialization, rapid urbanization, technological enhancements, augmented
usage, burgeoning demands across various sectors particularly aerospace and
defense, and emergence of huge manufacturers in the market. Also, it is
significant that the Ballistic Composites Industry is currently undergoing a
major trend of extensive employment of nano composites that is ultimately
boosting the overall market growth.
Additionally,
the manufacturers are also siding with various strategies such as partnerships,
mergers and acquisitions, and joint ventures that is ultimately contributing in
the inorganic growth of the Ballistic Composites Sales Industry. On account of
all the above aspects, it is projected that the Ballistic Composites Sales
Industry will register a healthy CAGR in the upcoming period. However, the
factor that is hampering the Ballistic Composites Market growth may entail
soaring process of high-performance ballistic composites in the market.
Ballistic
Composites Industry can be split up by matrix type, fiber type, application,
and geography. This market is divided by matrix type as Polymer, Metal,
Polymer-Ceramic, and others. Ballistic Composites Industry is categorized as
fiber type as Aramid, S-Glass, UHMWPE, and others. Ballistic Composites
Industry is segmented by application as Helmet & Face Protection, Body
Armor, Vehicle Armor, and others. This industry is divided by geography as
North America, Europe, China, Japan, Southeast Asia, and India.
Geographically,
North America is currently outshining the market and it is likely to display
the highest growth rate in coming future, the reason being augmented usage,
burgeoning demands for Ballistic composites across various end use industries,
robust growth of automobile, aerospace as well as electronics industry, and
rise in the investments by the leading vendors.
On
the other hand, Ballistic Composites Market is also witnessing a momentous
growth in the Europe and Asia Pacific regions. The factors that are responsible
for the growth may entail developing economies, rising significance of
Ballistic composites, and advent of huge market growth opportunities in these
regions.
The
key players contributing in the robust development of the Ballistic Composites
Market are recognized as Honeywell International, BAE Systems, Gurit,
Koninklijke Ten Cate, Royal DSM, Barrday, FY-Composites, Gaffco Ballistics,
Matrix Composites, Plastic Reinforcement Fabrics, Southern States, II-VI M
Cubed, and TEIJIN.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Ballistic Composites in these regions, from
2013 to 2025 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Ballistic Composites market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Honeywell International Inc.
•
Royal Ten Cate NV
•
Dupont
•
DSM
•
Gurit
•
BAE Systems
•
Teijin
•
Morgan Advanced Materials
•
Southern States LLC
•
Barrday Corporation
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