The global armor materials market size reached US$ 12.7 Billion in 2023. Looking forward, the market is projected to reach US$ 19.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.12% during 2023-2032.
Armor materials are specialized protective fabrics that are used for absorbing shocks and minimizing the impact or damage caused by external forces. These materials absorb the impact of bullets by dispersing the energy across the surface. They are manufactured using leather, ceramics, metals, para-aramid fiber, alloy and fiberglass materials. Armor materials are also produced using ceramics, such as aluminum oxide, boron carbide, titanium boride, silicon carbide, synthetic diamond composite (syndite) and aluminum nitride. These materials are widely used in bulletproof vests, armors, helmets and vehicles and exhibit high structural strength, fracture and crack resistance and chemical inertness. They are comfortable to wear, lightweight, durable and provide enhanced protection against handguns and sharp-edged weapons.
In line with this, the increasing product demand in the marine industry to protect assets against underwater torpedoes, shellfire and ultraviolet (UV) rays is positively impacting the market growth. Other factors, including the widespread adoption of ultra-high-molecular-weight polyethylene to manufacture flexible, lightweight and durable bulletproof vests, along with the implementation of various government initiatives to promote soldier modernization strategy, especially in the developing nations, are anticipated to drive the market toward growth.
2. What is the expected growth rate of the global armor materials market during 2024-2032?
3. What are the key factors driving the global armor materials market?
4. What has been the impact of COVID-19 on the global armor materials market?
5. What is the breakup of the global armor materials market based on the type?
6. What is the breakup of the global armor materials market based on the application?
7. What are the key regions in the global armor materials market?
8. Who are the key players/companies in the global armor materials market?
Armor materials are specialized protective fabrics that are used for absorbing shocks and minimizing the impact or damage caused by external forces. These materials absorb the impact of bullets by dispersing the energy across the surface. They are manufactured using leather, ceramics, metals, para-aramid fiber, alloy and fiberglass materials. Armor materials are also produced using ceramics, such as aluminum oxide, boron carbide, titanium boride, silicon carbide, synthetic diamond composite (syndite) and aluminum nitride. These materials are widely used in bulletproof vests, armors, helmets and vehicles and exhibit high structural strength, fracture and crack resistance and chemical inertness. They are comfortable to wear, lightweight, durable and provide enhanced protection against handguns and sharp-edged weapons.
Armor Materials Market Trends
Significant growth in the military and defense industries is one of the key factors creating a positive outlook for the market. Armor materials are widely used to protect the soldiers on the battlefield during combat and reduce the intensity of bullets and approaching weapons. Moreover, the widespread product utilization to protect military vehicles from bullets, shrapnel and missiles is favoring the market growth. Various product innovations, such as the launch of lightweight armor materials that are highly sustainable and flexible and provide enhanced protection to the users, are providing a thrust to the market growth.In line with this, the increasing product demand in the marine industry to protect assets against underwater torpedoes, shellfire and ultraviolet (UV) rays is positively impacting the market growth. Other factors, including the widespread adoption of ultra-high-molecular-weight polyethylene to manufacture flexible, lightweight and durable bulletproof vests, along with the implementation of various government initiatives to promote soldier modernization strategy, especially in the developing nations, are anticipated to drive the market toward growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global armor materials market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, protection type and application.Breakup by Type:
- Metals and Alloys
- Ceramics
- Composites
- Para-Aramid Fibers
- Ultra-High-Molecular-Weight Polyethylene
- Fiberglass
- Others
Breakup by Protection Type:
- Airborne Ballistics
- Blasts and Explosion
Breakup by Application:
- Aerospace
- Body Armor
- Civil Armor
- Marine Armor
- Vehicle Armor
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allegheny Technologies Incorporated, Avon Rubber p.l.c., CeramTec TopCo GmbH, CoorsTek Inc., DuPont de Nemours Inc., Honeywell International Inc, Koninklijke DSM N.V., Koninklijke Ten Cate B.V., Morgan Advanced Materials, PPG Industries Inc., Saab AB and Saint-Gobain S.A.Key Questions Answered in This Report
1. What was the size of the global armor materials market in 2023?2. What is the expected growth rate of the global armor materials market during 2024-2032?
3. What are the key factors driving the global armor materials market?
4. What has been the impact of COVID-19 on the global armor materials market?
5. What is the breakup of the global armor materials market based on the type?
6. What is the breakup of the global armor materials market based on the application?
7. What are the key regions in the global armor materials market?
8. Who are the key players/companies in the global armor materials market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Armor Materials Market
6 Market Breakup by Type
7 Market Breakup by Protection Type
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Allegheny Technologies Incorporated
- Avon Rubber p.l.c.
- CeramTec TopCo GmbH
- CoorsTek Inc.
- DuPont de Nemours Inc.
- Honeywell International Inc
- Koninklijke DSM N.V.
- Koninklijke Ten Cate B.V.
- Morgan Advanced Materials
- PPG Industries Inc.
- Saab AB
- Saint-Gobain S.A.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 12.7 Billion |
| Forecasted Market Value ( USD | $ 19.9 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
