Ballistic Composites Market Worth 1.80 Billion USD by 2021

India - English

• USA - English

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 62 market data Tables and 38 Figures spread through 133 Pages and in-depth TOC on "Ballistic Composites Market"

http://www.marketsandmarkets.com/Market-Reports/ballistic-composites-market-217827442.html

Early buyers will receive 10% customization on this report.

The rising demand for ballistic composites in personal protection due to its light weight and high strength properties is the major driver for the growth of the ballistic composites market.

 equest for Sample PDF of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=217827442

Aramid fiber comprises a major share in the ballistic composites market in terms of value and volume

Aramid fiber has the largest share in the global ballistic composites market and the market for aramid fiber ballistic composites is projected to grow at the highest CAGR in terms of both, value and volume. Aramid fibers are strong synthetic fibers with high heat-resistant properties. These fibers are extensively used for the body armor application. The high dynamic energy absorption characteristics, high modulus, high specific strength, and excellent thermal properties is leading to the growth of aramid fiber in the ballistic composites market.

The major share in the ballistic composites market is owned by polymer matrix 

Polymer matrix used in ballistic applications have low weight, high friction, and temperature resistance properties. Polymer matrix ballistic composites are considered the material of choice for various applications such as body vest, protective garments, and helmets. Owing to the advantageous properties offered, polymer matrix composites were estimated to be the largest segment of the ballistic composites market in 2015, by value as well as volume.

Ballistic composites are largely used in the vehicle armor application 

The vehicle armor application led the global Ballistic Composites Market and accounted for the largest share in terms of value and volume, both for the year 2015. Vehicle armor is equipped with ballistic composites to ensure high level protection against ballistic impacts and to provide high protection to the lives of military personnel in these vehicles. Owing to the high level of safety provided by the use of ballistic composites, it is largely utilized for the vehicle armor application.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=217827442

North America is a major region driving the ballistic composites market 

North America accounted for the largest market share in ballistic composites, globally, in 2015. The growth of the ballistic composites market in this region is driven mainly by established players in this region. High spending by the military industry on maintenance of security, and stringent standards by the U.S. government emphasizing the safety of the defense forces is another major reason leading to the high growth of the ballistic composites market in North America. For instance, high spending of the U.S government on several military programs such as Armored Multipurpose Vehicle (AMPV) Joint Light Tactical (JLTV) program and others are expected to drive the demand for ballistic composites in the defense sector in North America.

Some of the key global players in the ballistic composites market are Honeywell International Inc. (U.S.), Royal Ten Cate NV (Netherlands), BAE Systems (U.K.), DSM (Netherlands), Gurit (Switzerland), DuPont (U.S.), Teijin (Japan), Morgan Advanced Materials (U.K.), CoorsTek Inc.(U.S.), Southern States LLC (U.S.), Barrday Corporation (Canada), Solvay (Belgium), and 3M (U.S.), among others. These players have strong business strategies and product offerings for the ballistic composites market.

Browse Related Reports:

Composites Market by Type (Carbon Fiber Composites, Glass Fiber Composites and Others), Resin Type (Thermoplastic Composites and Thermosetting Composites), Manufacturing Process, Application and by Region - Global Trends and Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html

Aerospace Composites Market by Fiber Type (Glass, Carbon, Aramid), Resin Type (Epoxy, Phenolic, Polyester, Polyamide, Thermoplastic), Aircraft Type (Commercial, Business & Ga, Military, Civil), Application and Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/aerospace-composites-market-246663558.html

Subscribe Reports from Chemicals & Materials Domain: http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets