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Pulished Date December, 2020
ID: 10687
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Armor Materials Market By Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), By Application (Marine, Automotive, Aerospace, Body, Civil, etc.) & By Region (North America, Latin America, Europe, Asia Pacific, MEA) – Forecast to 2025

Pulished: December, 2020
ID: 10687
Pages: 175

Armor Materials Market Size and Growth:

Armor Materials Market is expected to grow to 15 billion USD by 2025 with a CAGR of over 7% in the outlook period. This growth is attributed to the heavy demand from industries such as aerospace, wind energy and transportation.  

Recent Developments in the Armor Materials in the Industry:

  • In February’19, Saab extended its presence in the aerospace sector in India by signing new Memorandums of Understanding (MoUs) with three leading aerospace manufacturers in country, which includes Dynamatic Technologies Limited, CIM Tools Private Limited, and Sansera Engineering Limited.

  • In 2018, Honeywell Inc struck a deal with Safariland, LLC, to generate a novel design for its Spectra Shield ballistic protective material. This can reduce the weight of handheld shields by up to 20%.

Drivers and Restraints of Global Armor Materials Market

Rising political unrest and lack of stability have triggered military & law enforcement forces and the materials science community to develop solutions that can assure security. In the present scenario, political conflicts in Middle East countries such as Syria, Egypt, Libya, Iraq, and Afghanistan are increasing the need for advanced Armors. Local conflicts in many countries are also igniting the need for ammunition to ensure national security. This is driving the demand for protective equipment across the world. Developing countries, such as Brazil, China, India, and Russia, are making huge investments on defence activities owing to the rising internal conflicts and tensions with their neighbouring countries. These circumstances are very crucial for the demand for military products and thus Armor materials have witnessed high demand in the past few years.

Challenges in the Armor Materials Market

Armor Materials market industry is affected by the volatile price and alternatives. The stringent international rules regulating the military expenditure of certain countries also limits the investments in the defence equipment, hence the growth of the Armor materials is taken aback. Moreover, the safety concerns related to the production activities of these materials has also sparked discussion in several global meetings. Trade rules regulating the trading of the military equipment also proves to be a hindering factor for the growth of this market.

Armor Materials Market Segmentation:

Armor Materials Market - By Type

  • Metals & Alloys
  • Ceramics
  • Composites
  • Para-Aramid Fibres
  • UHMWPE
  • Fiberglass

On the basis of type, metals and alloy segment is the largest. Improvement and large investments in production facilities are is an important factor improving the demand. Heavy industries along with mining, nuclear power generation will boost the growing market. These metals and alloys come with superior strength and are utilized in various end use industries such as automotive, transportation, aerospace etc. They provide excellent strength and durability along with chemical resistance that is why they are preferred in the industrial segment.

Armor Materials Market - By Application

  • Vehicle
  • Aerospace
  • Body
  • Civil
  • Marine

Body Armor segment is expected to witness the highest growth rate during the outlook period of 2020 to 2025. The increase in the security budget of various countries has fuelled the demand for Armor materials. The Armor materials high in demand have properties such as robustness, strength, etc. that is suitable for the materials in the military and security department.

Aerospace industry is rapidly growing and triggering high demands for lightweight and rigid materials. In this scenario, the composites market come in handy as it solves the both the problems at an affordable price. In addition to this, the wind power sector is growing worldwide owing to the insurgent demands of the climate control and clean energy. Wind energy provides an eco-friendly alternative to the existing power sector. Many regions in Europe are adopting the wind energy model and thus the demand for Armor Materials has increased rapidly in the past decade. Countries such as Denmark, Switzerland, Norway and few other Scandinavian countries have invested heavily in the wind energy sector to meet their power needs.

Armor Materials Market - By Region

  • North America

  • Latin America

  • Europe

  • Middle East & Africa

  • APAC

  • MEA

Among these, North America is among the largest markets for the Armor Materials market thanks to the huge investments in defense sector. The USA has invested a lot in the civil and automotive facilities. The Aerospace industry in North America is one of the biggest in the world and it is consistently driving various businesses including Armor Materials.

Germany has invested a lot in their automotive and wind energy industries, and this has led to the increase in demand for the armor materials market. The increased expenditure on manufacturing and industrial segments has led to an increase in the demand for Armor materials.

The Asia Pacific region is also witnessing high growth rate, primarily this is due to the various emerging economies in the area. The military expenditures of countries such as India and China have grown significantly over the last decade, and it is estimated to grow during the outlook period, hence fuelling the business development in this area.

Armor Materials Market Key players:

  1. E. I. Du Pont De Nemours and Company

  2. DSM NV

  3. Honeywell International Inc

  4. Saint Gobain

  5. 3M Ceradyne Inc

  6. Alcoa Corporation

  7. Royal TenCate NV

  8. Saab AB

  9. CoorsTek Inc

  10. Tata Steel Limited

Armor Materials Market - Impact of COVID-19 pandemic

One of the most significant regions for the global Armor Materials market is North America. North America, especially the USA had witnessed a deep impact of the coronavirus in the early half of 2020. It has negatively affected the demand for Armor Materials across various end-use industries such as aerospace & defense, automotive & transportation, and others. The disruption in the supply chain resulted in delays or non-arrival of raw materials, disrupted financial flows, and declining morale among production line workers have compelled aircraft and automobile manufacturers to operate at reduced capacities. This has led to a reduction in demand for Armor Materials. The market is supposed to recover from 2021 onwards. Europe also witnessed a similar fate and the construction and production activities for a major part of 2020 were brought to a standstill.

1. Introduction                                  

            1.1 Market Definition            

            1.2 Scope of the report                     

            1.3 Study Assumptions                     

            1.4 Base Currency, Base Year and Forecast Periods             

2. Research Methodology                             

            2.1 Analysis Design                

            2.2 Research Phases              

                        2.2.1 Secondary Research     

                        2.2.2 Primary Research          

                        2.2.3 Data Modelling 

                        2.2.4 Expert Validation         

            2.3 Study Timeline                 

3. Report Overview                            

            3.1 Executive Summary                     

            3.2 Key Inferencees               

4. Market Dynamics                          

            4.1 Impact Analysis               

                        4.1.1 Drivers  

                        4.1.2 Restaints

                        4.1.3 Opportunities   

            4.2 Regulatory Environment             

            4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                                  

            5.1 Key Player Benchmarking            

                        5.1.1 Market share analysis  

                        5.1.2 Products/Service          

                        5.1.3 Regional Presence        

            5.2 Mergers & Acquistion Landscape           

            5.3 Joint Ventures & Collaborations             

6. Market Segmentation                               

            6.1 Armour Materials Market, By Type                     

                        6.1.1 Metals & Alloys

                        6.1.2 Ceramics

                        6.1.3 Composites      

                        6.1.4 Para-Aramid Fibres       

                        6.1.5 UHMWPE          

                        6.1.6 Fiberglass          

                        6.1.7 Market Size Estimations & Forecasts (2021-2026)       

                        6.1.8 Y-o-Y Growth Rate Analysis     

                        6.1.9 Market Attractiveness Index    

            6.2 Armour Materials Market, By Application                      

                        6.2.1 Vehicle  

                        6.2.2 Aerospace         

                        6.2.3 Body      

                        6.2.4 Civil       

                        6.2.5 Marine  

                        6.2.6 Market Size Estimations & Forecasts (2021-2026)       

                        6.2.7 Y-o-Y Growth Rate Analysis     

                        6.2.8 Market Attractiveness Index    

7. Geographical Landscape                           

            7.1 Global Identity Governance and Administration Market, by Region                 

            7.2 North America - Market Analysis (2018 - 2024)              

                        7.2.1 By Country        

                                    7.2.1.1 USA

                                    7.2.1.2 Canada

                        7.2.2 By Type 

                        7.2.3 By Application  

            7.3 Europe                 

                        7.3.1 By Country        

                                    7.3.1.1 UK

                                    7.3.1.2 France

                                    7.3.1.3 Germany

                                    7.3.1.4 Spain

                                    7.3.1.5 Italy

                                    7.3.1.6 Rest of Europe

                        7.3.2 By Type 

                        7.3.3 By Application  

            7.4 Asia Pacific                       

                        7.4.1 By Country        

                                    7.4.1.1 China

                                    7.4.1.2 India

                                    7.4.1.3 Japan

                                    7.4.1.4 South Korea

                                    7.4.1.5 South East Asia

                                    7.4.1.6 Australia & NZ

                                    7.4.1.7 Rest of Asia-Pacific

                        7.4.2 By Type 

                        7.4.3 By Application  

            7.5 Latin America                   

                        7.5.1 By Country        

                                    7.5.1.1 Brazil

                                    7.5.1.2 Argentina

                                    7.5.1.3 Mexico

                                    7.5.1.4 Rest of Latin America

                        7.5.2 By Type 

                        7.5.3 By Application  

            7.6 Middle East and Africa                

                        7.6.1 By Country        

                                    7.6.1.1 Middle East

                                    7.6.1.2 Africa

                        7.6.2 By Type 

                        7.6.3 By Application  

8. Key Player Analysis                        

            8.1 E. I. Du Pont De Nemours and Company            

                        8.1.1 Business Description    

                        8.1.2 Products/Service          

                        8.1.3 Financials          

                        8.1.4 SWOT Analysis 

                        8.1.5 Recent Developments  

                        8.1.6 Analyst Overview          

            8.2 DSM NV                

            8.3 Honeywell International Inc                    

            8.4 Saint Gobain                    

            8.5 3M Ceradyne Inc             

            8.6 Alcoa Corporation           

            8.7 Royal TenCate NV            

            8.8 Saab AB                

            8.9 CoorsTek Inc                    

            8.10 Tata Steel Limited                      

9. Market Outlook & Investment Opportunities                              

Appendix                               

            List of Tables              

            List of Figures             

  1. ​​​​​​Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  2. Segment-level analysis in terms of by product type, by application & by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail

  3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  9. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Armour Materials Market By Region, From 2021-2026 ( USD Billion )

  2. Global Armour Materials Market By Type, From 2021-2026 ( USD Billion )

  3. Global Metals & Alloys Market By Region, From 2021-2026 ( USD Billion )

  4. Global Ceramics Market By Region, From 2021-2026 ( USD Billion )

  5. Global Composites Market By Region, From 2021-2026 ( USD Billion )

  6. Global Para-Aramid Fibres Market By Region, From 2021-2026 ( USD Billion )

  7. Global UHMWPE Market By Region, From 2021-2026 ( USD Billion )

  8. Global Fiberglass Market By Region, From 2021-2026 ( USD Billion )

  9. Global Armour Materials Market By Application, From 2021-2026 ( USD Billion )

  10. Global Vehicle Market By Region, From 2021-2026 ( USD Billion )

  11. Global Aerospace Market By Region, From 2021-2026 ( USD Billion )

  12. Global Body Market By Region, From 2021-2026 ( USD Billion )

  13. Global Civil Market By Region, From 2021-2026 ( USD Billion )

  14. Global Marine Market By Region, From 2021-2026 ( USD Billion )

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