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Global Ballistic Composites Market will exhibit a CAGR of 7.00% for the forecast period of 2021-2028
Global Ballistic Composites Market Analysis and Insights:
Ballistic composites are the raw materials that are used in manufacturing law enforcement vests, helmets, and body and vehicle armours. These are lightweight in nature and possess high damage tolerant properties. The ballistic composites are majorly used by law enforcement forces and are restricted to be used by civilians. The ballistic composites are used in projectile components as well such as rockets, bullets, tanks and so on. The ballistic composites provide greater performance over ballistic materials. Also these are lightweight in nature as compared to ballistic materials.
Increasing demand for personal protection care is the root cause fuelling up the ballistic composites market growth rate. Rising expenditure of defence and military equipment to strengthen the defence sector will further create lucrative growth opportunities for the ballistic composites market. Rising technological advancements related to combat weapons and explosives will further induce growth in the demand for ballistic composites. Increasing demand for lightweight and flexible armour to enable easy mobility will also propel growth in the demand for ballistic composite as a raw material.
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Global Ballistic Composites Market Scope and Market Size:
On the basis of type, the ballistic composites market is segmented into polymer matrix composites, polymer-ceramic and metal matrix.
On the basis of fibre type, the ballistic composites market is segmented into aramid fibres, UHMPE, glass and others.
On the basis of application, the ballistic composites market is segmented into vehicle armour, body armour, helmets and face protection and others.
Global Ballistic Composites Market Country Level Analysis:
The countries covered in the global ballistic composites market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ballistic composites market and will continue to flourish its trend of dominance during the forecast period as well. The dominance is owing to high investment in military spending by the government. Implementation of strict safety measures by the government is another factor fostering the market growth in this region. Asia-Pacific will however register the highest compound annual growth rate during the forecast period. This is because of the induced focus on high-end combat solutions and new technology development.
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Competitive Landscape and Ballistic Composites Market Share Analysis:
The ballistic composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ballistic composites market.
Key Players:
DSM
Teijin Aramid B.V.
Koninklijke Ten Cate BV.
Honeywell International Inc.
DuPont.
BAE Systems.
Gurit
Morgan Advanced Materials
Southern States
Major TOC of the Report:
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insight
Chapter Six: COVID-19 Impact on Global ballistic composites Market
Get TOC here: https://www.databridgemarketresearch.com/toc/?dbmr=global-ballistic...
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
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