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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 17.35 Billion by 2029 | 5.3% | North America |
| By Material | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Armor Materials Market Overview
The armor materials market is expected to grow at 5.3% CAGR from 2022 to 2029. It is expected to reach above USD 17.35 Billion by 2029 from USD 10.9 Billion in 2020.
Armor materials are specialized protective fabrics that are intended to reduce impact or damage from outside forces by absorbing shocks. These substances spread the energy from a bullet’s impact throughout the surface to absorb it. Leather, ceramics, metals, para-aramid fiber, alloy, and fiberglass are used in their manufacture. Ceramic materials including aluminium oxide, boron carbide, titanium boride, silicon carbide, synthetic diamond composite (syndite), and aluminium nitride are also used to make armor materials. These materials, which have excellent structural strength, fracture and crack resistance, and chemical inertness, are frequently utilized in bulletproof vests, armor, helmets, and vehicles. They offer improved defense against pistols and sharp-edged weapons and are lightweight, sturdy, and comfortable to wear. One of the main factors fostering an optimistic outlook for the market is the military and defense sectors’ notable expansion. In order to shield soldiers in battle and lessen the force of oncoming weapons and bullets, armor materials are frequently utilized. Also, the extensive use of the product to shield military vehicles from missiles, bullets, and shrapnel is encouraging market expansion. The market is expanding as a result of numerous product advancements, such as the introduction of lightweight armor materials that are highly flexible and sustainable and offer improved protection to users. In accordance with this, the marine industry’s growing need for products to safeguard assets from underwater torpedoes, shellfire, and ultraviolet (UV) rays is favourably affecting market expansion. The high cost of raw materials and sophisticated manufacturing techniques contribute to the high cost of armor materials. This may prevent the widespread use of armor materials, especially in sectors where cost is a significant concern.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) (Kilotons) |
| Segmentation | By Material, By Application, By Region |
| By Material |
|
| By Application |
|
| By Region |
|
Over the projection period, it is anticipated that the market for armor materials would witness significant growth. The rising need for applications for automobile, marine, and aeroplane protection might be linked to the industry’s expansion. The demand for armor is increasing as military programs around the world become more modernized.
Global governments’ growing worries about soldier protection and survival are boosting demand for advanced armors and, consequently, the market during the anticipated timeframe. In addition, there is a significant demand for body armor and vehicle protection due to the increase in terrorist operations around the world.
Global supply lines have been hampered by the epidemic, which has delayed the manufacturing and transportation of armor-making supplies. This has caused a material shortage, rising costs, and extended project schedules. The economic effects of the epidemic have caused many nations to cut back on their defense budget. As a result, the demand for armor materials in the defense industry has declined, which has had an effect on market expansion. The pandemic has caused many initiatives that were scheduled for the development and deployment of armor materials to be delayed. The market’s growth has been impacted by this. The manufacture of armor materials has been hampered by the pandemic-related closure of manufacturing facilities. This has caused a material shortage and project timeline delays. The market need for armor materials has changed as a result of the epidemic. Materials for medical purposes, such as face shields and safety equipment for healthcare personnel, are in more demand. This has had an effect on the market for armor materials’ supply and demand dynamics.
Armor Materials Market Segment Analysis
Armor Materials Market is segmented based on Material, Application and Region
Based on material, a significant portion of the market was made up of metals & alloys. The metals that are employed as armor materials for many applications, including as vehicle, aircraft, body, civil, and marine armor systems, include high-density steel, titanium, and aluminium, along with their alloys. With the aid of heat treatment, alloying, and working methods, these armor materials offer exceptional qualities including strength and toughness, enabling them to deliver the necessary ballistic protection.
Based on application, a significant portion of the market was made up of body armor. The key drivers of the growth of the body armor market are the rise in security concerns in emerging economies, the need to protect law enforcement and military personnel, and the upgrading of weaponry. Body armor is primarily used for ballistic protection, which guards against projectiles like bullets and fragments. The growing threat of terrorism and the increase in crime rates are what are driving the market for ballistic protection. When designing body armor, comfort and mobility are crucial factors to take into account. Manufacturers are concentrating on creating flexible, light-weight armor materials that offer optimum protection with the least amount of discomfort.
Armor Materials Market Players
The Market research report covers the analysis of Market players. Key companies profiled in the report include CoorsTek Inc., NP Aerospace, DSM NV, Saab AB, Tata Steel Ltd., Morgan advanced Materials, Alcoa Corporation, PPG Industries, ATI., AGY.
Industry Development:
- In December 2022, NP Aerospace and Supacat have repurposed a number of IED damaged High Mobility Truck Variant (HMTV) vehicles for UK Ministry of Defence training under the Protected Mobility Engineering & Technical Support (PMETS) Contract.
- In February 2023, CoorsTek is pleased to announce that it is continuing its title sponsorship for the 60th Annual Denver Metro Regional Science and Engineering Fair (DMRSEF). The 2023 fair will be held February 24-25 at the CU Denver campus.
Who Should Buy? Or Key stakeholders
- Armor Materials Manufacture
- Raw Material Providers
- Importers and Exporters
- Traders and Distributers
- Government organization
- Investment research firms
- Others
Armor Materials Market Regional Analysis
The armor materials market by region includes north america, asia-pacific (APAC), europe, south america, and middle east & africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The greatest revenue share in 2021 over 45% was accounted for by North America. A significant consumer of armor materials is the military and defense industry in North America. The demand for armour materials in the area is being driven by the fact that the United States, in particular, is one of the major defence spenders worldwide. Several of the top producers of armor materials are based in North America, and they are making significant investments in research and development to create cutting-edge materials. The demand for armor materials in the area is anticipated to rise as a result. The need for personal safety gear, such as body armor, is rising in the North American region. This is caused by escalating active shooter episodes, stricter workplace safety laws, and increased crime rates.
Law enforcement organizations are well-represented in the region of North America, and they are significant users of body armor. The demand for soft armour materials in the area is being driven by this. Composite materials are being used more frequently in many applications, including armour materials, in the North American region. Composite materials are becoming more popular in the area due to their many benefits, including their high strength-to-weight ratio.
Key Market Segments: Armor Materials Market
Armor Materials Market By Material, 2020-2029, (USD Billion), (Kilotons)
- Metals & Alloys
- Ceramics
- Para-Aramid Fiber
- Uhmwpe
- Others
Armor Materials Market By Application, 2020-2029, (USD Billion), (Kilotons)
- Vehicle Armor
- Aerospace Armor
- Body Armor
- Civil Armor
- Marine Armor
Armor Materials Market By Region, 2020-2029, (USD Billion), (Kilotons)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and Market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the armor materials market over the next 7 years?
- Who are the major players in the armor materials market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as asia-pacific, middle east, and africa?
- How is the economic environment affecting the armor materials market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the armor materials market?
- What is the current and forecasted size and growth rate of the global armor materials market?
- What are the key drivers of growth in the armor materials market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the armor materials market?
- What are the technological advancements and innovations in the armor materials market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the armor materials market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the armor materials market?
- What are the products offerings and specifications of leading players in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL ARMOR MATERIALS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON THE ARMOR MATERIALS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL ARMOR MATERIALS MARKET OUTLOOK
- GLOBAL ARMOR MATERIALS MARKET BY MATERIAL, 2020-2029, (USD BILLION), (KILOTONS)
- METALS & ALLOYS
- CERAMICS
- PARA-ARAMID
- UHMWPE
- OTHERS
- GLOBAL ARMOR MATERIALS MARKET BY APPLICATION, 2020-2029, (USD BILLION), (KILOTONS)
- VEHICLE ARMOR
- AEROSPACE ARMOR
- BODY ARMOR
- CIVIL ARMOR
- MARINE ARMOR
- GLOBAL ARMOR MATERIALS MARKET BY REGION, 2020-2029, (USD BILLION), (KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
-
- COORSTEK INC.
- NP AEROSPACE
- DSM NV
- SAAB AB
- TATA STEEL LTD.
- MORGAN ADVANCED MATERIALS
- ALCOA CORPORATION
- PPG INDUSTRIES
- AGY
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4 Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 5 Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6 Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY REGION (KILOTONS), 2020-2029
TABLE 7 Â Â Â Â Â Â Â Â NORTH AMERICA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â NORTH AMERICA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â NORTH AMERICA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10 Â Â Â Â Â NORTH AMERICA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 11 Â Â Â Â Â NORTH AMERICA ARMOR MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12 Â Â Â Â Â NORTH AMERICA ARMOR MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 13Â Â Â Â Â Â Â US ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 14Â Â Â Â Â Â Â US ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 15 Â Â Â Â Â US ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16 Â Â Â Â Â US ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 17 Â Â Â Â Â CANADA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 18 Â Â Â Â Â CANADA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 19 Â Â Â Â Â CANADA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20 Â Â Â Â Â CANADA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 21Â Â Â Â Â Â Â MEXICO ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 22 Â Â Â Â Â MEXICO ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 23 Â Â Â Â Â MEXICO ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24 Â Â Â Â Â MEXICO ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 25 Â Â Â Â Â SOUTH AMERICA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 26 Â Â Â Â Â SOUTH AMERICA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 27 Â Â Â Â Â SOUTH AMERICA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28 Â Â Â Â Â SOUTH AMERICA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 29 Â Â Â Â Â SOUTH AMERICA ARMOR MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 30 Â Â Â Â Â SOUTH AMERICA ARMOR MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 31 Â Â Â Â Â BRAZIL ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 32 Â Â Â Â Â BRAZIL ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 33 Â Â Â Â Â BRAZIL ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34 Â Â Â Â Â BRAZIL ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 35 Â Â Â Â Â ARGENTINA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 36 Â Â Â Â Â ARGENTINA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 37 Â Â Â Â Â ARGENTINA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38 Â Â Â Â Â ARGENTINA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 39Â Â Â Â Â Â Â COLOMBIA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â COLOMBIA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 41 Â Â Â Â Â COLOMBIA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â COLOMBIA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 43Â Â Â Â Â Â Â REST OF THE SOUTH AMERICA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â REST OF THE SOUTH AMERICA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 45 Â Â Â Â Â REST OF SOUTH AMERICA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â REST OF THE SOUTH AMERICA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 47 Â Â Â Â Â ASIA-PACIFIC ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 48 Â Â Â Â Â ASIA-PACIFIC ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 49Â Â Â Â Â Â Â ASIA-PACIFIC ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50Â Â Â Â Â Â Â ASIA-PACIFIC ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 51Â Â Â Â Â Â Â ASIA-PACIFIC ARMOR MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52Â Â Â Â Â Â Â ASIA-PACIFIC ARMOR MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 53Â Â Â Â Â Â Â INDIA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 54 Â Â Â Â Â INDIA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 55 Â Â Â Â Â INDIA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56Â Â Â Â Â Â Â INDIA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 57 Â Â Â Â Â CHINA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 58 Â Â Â Â Â CHINA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 59 Â Â Â Â Â CHINA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 Â Â Â Â Â CHINA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 61Â Â Â Â Â Â Â JAPAN ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 62 Â Â Â Â Â JAPAN ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 63Â Â Â Â Â Â Â JAPAN ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64Â Â Â Â Â Â Â JAPAN ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 65 Â Â Â Â Â SOUTH KOREA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 66Â Â Â Â Â Â Â SOUTH KOREA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 67 Â Â Â Â Â SOUTH KOREA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68Â Â Â Â Â Â Â SOUTH KOREA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 69 Â Â Â Â Â AUSTRALIA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 70 Â Â Â Â Â AUSTRALIA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 71Â Â Â Â Â Â Â AUSTRALIA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72 Â Â Â Â Â AUSTRALIA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 73 Â Â Â Â Â SOUTH EAST ASIA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 74 Â Â Â Â Â SOUTH EAST ASIA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 75Â Â Â Â Â Â Â SOUTH EAST ASIA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76Â Â Â Â Â Â Â SOUTH EAST ASIA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 77Â Â Â Â Â Â Â REST OF THE ASIA PACIFIC ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 78Â Â Â Â Â Â Â REST OF THE ASIA PACIFIC ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 79 Â Â Â Â Â REST OF ASIA PACIFIC ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80Â Â Â Â Â Â Â REST OF THE ASIA PACIFIC ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 81Â Â Â Â Â Â Â EUROPE ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 82 Â Â Â Â Â EUROPE ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 83Â Â Â Â Â Â Â EUROPE ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84Â Â Â Â Â Â Â EUROPE ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 85Â Â Â Â Â Â Â EUROPE ARMOR MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86 Â Â Â Â Â EUROPE ARMOR MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 87 Â Â Â Â Â GERMANY ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 88Â Â Â Â Â Â Â GERMANY ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 89 Â Â Â Â Â GERMANY ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90Â Â Â Â Â Â Â GERMANY ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 91 Â Â Â Â Â UK ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 92 Â Â Â Â Â UK ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 93 Â Â Â Â Â UK ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94Â Â Â Â Â Â Â UK ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 95 Â Â Â Â Â FRANCE ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 96Â Â Â Â Â Â Â FRANCE ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 97 Â Â Â Â Â FRANCE ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98 Â Â Â Â Â FRANCE ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 99 Â Â Â Â Â ITALY ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 100Â Â Â Â Â ITALY ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 101 Â Â Â ITALY ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102Â Â Â Â Â ITALY ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 103 Â Â Â SPAIN ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 104 Â Â Â SPAIN ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 105 Â Â Â SPAIN ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106Â Â Â Â Â SPAIN ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 107Â Â Â Â Â RUSSIA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 108Â Â Â Â Â RUSSIA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 109Â Â Â Â Â RUSSIA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110Â Â Â Â Â RUSSIA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 111 Â Â Â REST OF EUROPE ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 112 Â Â Â REST OF EUROPE ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 113Â Â Â Â Â REST OF EUROPE ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114Â Â Â Â Â REST OF EUROPE ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 115Â Â Â Â Â MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 116Â Â Â Â Â MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 117Â Â Â Â Â MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 118 Â Â Â MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 119Â Â Â Â Â MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120Â Â Â Â Â MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 121 Â Â Â UAE ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 122 Â Â Â UAE ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 123 Â Â Â UAE ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124Â Â Â Â Â UAE ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 125Â Â Â Â Â SAUDI ARABIA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 126Â Â Â Â Â SAUDI ARABIA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 127Â Â Â Â Â SAUDI ARABIA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128Â Â Â Â Â SAUDI ARABIA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 129 SOUTH AFRICA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 130 SOUTH AFRICA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 131 SOUTH AFRICA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132 SOUTH AFRICA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 133 REST OF THE MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY MATERIAL (USD BILLION), 2020-2029
TABLE 134 REST OF THE MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY MATERIAL (KILOTONS), 2020-2029
TABLE 135 REST OF THE MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136 REST OF THE MIDDLE EAST AND AFRICA ARMOR MATERIALS MARKET BY APPLICATION (KILOTONS), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3 Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5 Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6 Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8 Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY MATERIAL, USD BILLION, 2020-2029
FIGURE 9 Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12 Â Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY MATERIAL, USD BILLION, 2021
FIGURE 13 Â Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 14 Â Â Â Â Â Â Â Â Â GLOBAL ARMOR MATERIALS MARKET BY REGION, USD BILLION, 2021
FIGURE 15 Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 16Â Â Â Â Â Â Â Â Â Â COORSTEK INC.: COMPANY SNAPSHOT
FIGURE 17 Â Â Â Â Â Â Â Â Â NP AEROSPACE: COMPANY SNAPSHOT
FIGURE 18 Â Â Â Â Â Â Â Â Â DSM NV: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â SAAB AB: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â TATA STEEL LTD.: COMPANY SNAPSHOT
FIGURE 21 Â Â Â Â Â Â Â Â Â MORGAN ADVANCED MATERIALS: COMPANY SNAPSHOT
FIGURE 22 Â Â Â Â Â Â Â Â Â ALCOA CORPORATION: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â PPG INDUSTRIES: COMPANY SNAPSHOT
FIGURE 24 Â Â Â Â Â Â Â Â Â ATI.: COMPANY SNAPSHOT
FIGURE 25 Â Â Â Â Â Â Â Â Â AGY: COMPANY SNAPSHOT
FAQ
The Armor Materials Market is expected to grow at 5.3% CAGR from 2022 to 2029. It is expected to reach above USD 17.35 Billion by 2029 from USD 10.9 Billion in 2020.
North America held more than 45% of the Armor Materials Market revenue share in 2021 and will witness expansion in the forecast period.
One of the main factors fostering an optimistic outlook for the market is the military and defense sectors’ notable expansion. In order to shield soldiers in battle and lessen the force of oncoming weapons and bullets, armor materials are frequently utilized. Also, the extensive use of the product to shield military vehicles from missiles, bullets, and shrapnel is encouraging market expansion. The market is expanding as a result of numerous product advancements, such as the introduction of lightweight armor materials that are highly flexible and sustainable and offer improved protection to users. In accordance with this, the marine industry’s growing need for products to safeguard assets from underwater torpedoes, shellfire, and ultraviolet (UV) rays is favourably affecting market expansion.
North America accounted for the largest revenue share. The military and defense sector in North America are a big consumer of armor materials. The fact that the United States, in particular, is one of the largest global spenders on defense fuels the demand for armor materials in the region. Based in North America, a number of the leading armor material manufacturers are heavily investing in research and development to generate state-of-the-art materials. As a result, it is projected that the need for armor materials in the region would increase. In the North American region, there is an increasing demand for personal safety equipment like body armor.
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