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Armor Materials - Global Market Trajectory & Analytics

  • ID: 4805085
  • Report
  • April 2021
  • Region: Global
  • 296 Pages
  • Global Industry Analysts, Inc
Global Armor Materials Market to Reach $14.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Armor Materials estimated at US$9.6 Billion in the year 2020, is projected to reach a revised size of US$14.2 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Metals & Alloys, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$4.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ceramics segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 8.7% CAGR

The Armor Materials market in the U.S. is estimated at US$2.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Composites Segment to Record 6.2% CAGR

In the global Composites segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$580.3 Million in the year 2020 will reach a projected size of US$853.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.9 Billion by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Agy Holdings Corp.
  • Alcoa Corporation
  • Allegheny Technologies, Inc. (ATI)
  • CeramTec GmbH
  • Cerco Corporation
  • Compagnie de Saint-Gobain
  • CoorsTek, Inc.
  • CPS Technologies Corporation
  • DowDuPont, Inc.
  • Honeywell International, Inc.
  • Jps Composites Materials
  • Leeco Steel, LLC
  • Morgan Advanced Materials PLC
  • PPG Industries, Inc.
  • Protective Structures, Ltd.
  • Royal Ten Cate NV
  • Schunk Carbon Technology
  • Surmet Corporation
  • Tata Steel Ltd.
  • Waco Composites
Frequently Asked Questions about the Global Market for Armor Materials

What is the estimated value of the Global Market for Armor Materials?

The Global Market for Armor Materials was estimated to be valued at $9.6 Billion in 2020.

What is the growth rate of the Global Market for Armor Materials?

The growth rate of the Global Market for Armor Materials is 5.8%, with an estimated value of $14.2 Billion by 2027.

What is the forecasted size of the Global Market for Armor Materials?

The Global Market for Armor Materials is estimated to be worth $14.2 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Application Markets
  • 1. Body Armor
  • 2. Vehicle Armor
  • 3. Marine Armor
  • A Look into Existing and New Body Armor Material Developments
  • Companies Unveil New Body Armor Designs for Ballistic Protection
  • Army Demand for Lighter Body Armors Gives Way for Use of New Materials
  • Manufacturers Engage in Advanced Materials for Body Armor
  • New Backing Materials for Body Armor Testing
  • UHMWPE Gains Edge Over Other Materials
  • Body Armor Advancements for Women in Law Enforcement
  • Manufacturers Focus on Integrated Protection Concepts
  • Liquid Armor Gains Attention
  • Vehicle Armor Material Trends
  • Focus Grows on Materials that Contribute to Low Weight Aircraft Armor
  • World Aerospace and Defense Spending Support Demand for Armor Materials
  • Rise in Military Expenditure and Defense Budgets to Drive Growth
  • Exhibit 1: Global Defense Spending: 2008 to 2022 (in US$ Billion)
  • Exhibit 2: Global Military Expenditure by Region: 2000-2018 (in US$ Billion)
  • Exhibit 3: World Military Spending Breakdown (in %) by Region/Country: 2018

  • Rise in Demand for Lighter Body Armor
  • Steady Improvement in Homeland Security Budget Augurs Well Body Armor Demand

  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown