Market Research Report
Ballistic Composites - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||860139|
|Published||Content info||148 Pages
Delivery time: 2-3 business days
|Ballistic Composites - Global Market Outlook (2017-2026)|
|Published: May 1, 2019||Content info: 148 Pages||
According to Stratistics MRC, the Global Ballistic Composites Market is accounted for $1.32 billion in 2017 and is expected to reach $2.82 billion by 2026 growing at a CAGR of 8.8% during the forecast period. Growing demand in personal protection and rising threat from growing internal and external conflicts are some of the factors fueling the market growth. However, high costs and failure to provide complete protection are hampering the market growth in this region.
Based on Fiber Type, Aramid Fibers has a steady growth during the forecast period due to this are strong synthetic fibers with high heat-resistant properties and it is widely used for the body armor application. By geography, North America holds the largest market share during the forecast period owing to high expenditure by the military industry on protection of security, and severe standards by the U.S. government emphasizing the safety of the defense forces are driving the market growth in this region.
Some of the key players profiled in the Ballistic Composites Market include Honeywell International Inc., BAE Systems, Dupont, DSM, Morgan Advanced Materials, Barrday Corporation, Gurit, Teijin, MKU Limited and Waco Composites.
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances