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Armor Material Market : Opportunities, Demand and Forecasts, – Forecast 2017 – 2025

Press Release

Armor design and application is a science rather than an organized branch of engineering. A variance in 1Kg or less in the weight of a vest can mean the difference between life and death. A soldier could carry extra food, water, or additional ammunition with a variance in weight of armor. Depending on the manufacturer, the ballistic panels in bullet proof vests can be made with different materials.

Market Structure:

The global armor material market can be segmented based on material, end-user, areas of application, and region. In terms of material, the armor material market can be classified into ceramics, fiberglass, para-aramid, polyethylene, metals & alloys, and others. The materials utilized in the manufacture of armor vary from company to company. Ceramic materials have low density, high hardness, high elastic modulus, good comprehensive strength, and sufficient flexure. The most important aspect of ceramic material that makes it suitable for armor is the strong covalent bonding between constituents such as oxygen, beryllium, carbon, boron, aluminum, magnesium, and silicon. Para-aramids are a class of synthetic fibers with high heat resistance and strength. Polyethylene with ultra-high molecular weight is another common material for armors. They are commonly known as UHMWPE, composed of extremely long polyethylene chains. Metals & alloys include steel and other heavy materials. They are heavy, bulky, and in most cases ineffective as compared to other materials. Since, metals and alloys are cheaply available, it is widely used in making body armors for vehicle and personnel. The para-aramid material segment is estimated to expand at a significant CAGR during the forecast period due to its inherent flexibility and light weight.

In terms of end-user, the armor material market can be divided into personnel and vehicle. Military vehicles are commonly armored to withstand the impact of bullets, shrapnel, and missiles. The common material utilized for vehicle armor is steel and other heavy metals. Personnel armor is a protective coating for military, police, bodyguards, security guards, and high priority personnel. The personnel segment holds a major share of the armor material market due to its wide usage among military personnel.

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In terms of areas of application, the armor material market can be segregated into military, police, aerospace, security guards, and others. The military segment holds a major share of the armor material market, and is expanding at a significant CAGR due to the increase in number of military personnel globally.

In terms of region, the armor material market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a prominent share of the market followed by Europe, due to the rise in homeland security and military personnel in the region. The market in Asia Pacific is projected to expand at a rapid pace due to increasing military up-grade programs and defense budgets.

Key Developments:

Several companies are involved in developing materials used in body armors. The companies are competing aggressively to develop the lightest and most robust materials possible. DuPont has been developing armor materials for more than 40 years. The company’s brand fiber Kevlar was the first lightweight material identified for usage in armors. It was first developed in 1965. Kevlar has high strength, low weight and is also resistant to chemicals and cuts. Honeywell has been developing materials for armors and currently, offers materials such as Spectra Shield, Gold Flex, and Gold Shield. Akzo Nobel introduced its first armor material in 1972. The armor was made of para-aramid material and was known as Twaron. The company claims that their patented Microfilament technology allows maximum energy absorption at minimum weights, improving flexibility and comfort.

Key Players:

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Key players operating in armor materials market are Honeywell International Inc., Royal Tencate NV, Akzo Nobel, DSM NV, 3M Ceradyne, Inc., E. I. Du Pont De Nemours and Company, Morgan Advanced Materials, JPS Composite Materials, and CPS Technologies Corp.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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