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.
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.
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
• Southeast Asia
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
• BAE Systems
• Morgan Advanced Materials
• Southern States LLC
• Barrday Corporation
• PRF Composites
• Gaffco Ballistics
• M Cubed Technologies, Inc.
• FY Composites OY
• MKU Limited
• Anlong Group
• Henan Jiyuan Brother Material
• Yangzhou Zhongxin Bulletproof Materials Co., Ltd
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Polymer Matrix
• Polymer-ceramic Matrix
• Metal Matrix
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Vehicle Armor
• Body Armor
• Helmets & Face Protection
Research Support Specialist, USA