Market Overview:
The global armour material market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for armour materials from the defence and security sector, and also from the commercial segment. Metals & alloys are expected to account for the largest share of the global armour material market in 2018, followed by composites and ceramics. UHMWPE is expected to be one of fastest-growing segments during the forecast period. North America is estimated to account for majority of share in terms of revenue in 2018, while Asia Pacific is projected to witness highest growth rate during forecast period due rising demand from countries such as China and India.
Product Definition:
An armour material is a substance that is used to protect an object from damage. The most common types of armour materials are metals and ceramics. Metals are strong and durable, while ceramics are resistant to high temperatures and wear.
Metals & Alloys:
Metals and alloys are materials that exhibit metallic properties such as high corrosion resistance, electrical conductivity, magnetic properties, and thermal expansion. The most commonly used metals in the manufacturing of armours are steel (carbon steel), iron (cast-iron), aluminum, titanium and copper. Other metals like gold and silver have limited usage in armours due to their high cost compared to other alternatives such as aluminum & titanium.
Composites:
Composites are materials that are manufactured by combining two or more substances, which results in an enhanced and unique product. The most common composite used for armours is carbon/carbon steel on top of a layer of another material such as wood, cotton etc.
Composites can be classified into various types based on the raw materials used such as glass fiber reinforced polyester resin (GFRP), aramid fibers (Aramid), ceramic fibers and others.
Application Insights:
The vehicle armor application segment led the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Vehicle armor provides ballistic, trauma, and thermal protection to vehicles against extreme impacts andFrag-shells. The increasing number of military & defense projects in countries such as Russia, China, India and Australia are expected to drive demand for vehicle armor materials over the coming years.
Body armors are anticipated to witness significant growth owing to their increasing use by defense agencies across the globe for protecting soldiers from bullets & shrapnel during combat situations or while undertaking hazardous missions abroad.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being the largest consumer of military equipment, is projected to have a positive impact on industry growth over the forecast period. Asia Pacific is expected to witness significant growth over the coming years owing to increasing demand for high-quality armours from countries such as India and China, which are majorly driven by rising geopolitical tensions and need for protection against Improvised Explosive Devices (IEDs).
The Middle East & Africa region is also likely to experience lucrative growth due to growing investments from foreign players looking at huge opportunities present across various application sectors such as aerospace & defense, body armor manufacturing, etc. Furthermore, rapid development coupled with increased government spending on security infrastructure will drive demand further over next eight years.
Growth Factors:
- Increasing demand from the automotive and construction industries for lightweight and durable materials is expected to drive the growth of the Armour Material market.
- The increasing use of armour material in military applications is also projected to fuel the growth of this market during the forecast period.
- Growing awareness about the benefits of using armour material, such as its high strength-to-weight ratio and impact resistance, is anticipated to boost demand for this material in various end-use industries over the next few years.
- The increasing use of advanced manufacturing technologies for producing armour material is likely to propel market growth in forthcoming years.
- . Rising investments by key players in research and development activities aimed at enhancing product offerings is expected to provide impetus to Armour Material market expansion during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Armour Material Market Research Report
By Type
Metals & Alloys, Composites, Ceramics, Para-aramid Fiber, UHMWPE, Fiberglass, Others
By Application
Vehicle Armor, Aerospace Armor, Body Armor, Marine Armor, Civil Armor
By Companies
Dupont (US), DSM NV (Netherlands), Honeywell International Inc. (US), Saint-Gobain SA (France), Allegheny Technologies Incorporated (US), M Ceradyne, Inc. (US), Alcoa Inc. (US), Royal TenCate NV (Netherlands), Saab AB (Sweden), CoorsTek Inc. (US), Dupont (US), CeramTec GmbH (Germany), Tata Steel Limited (India), AGY Holding Corp. (US), PPG Industries Inc. (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Armour Material Market Report Segments:
The global Armour Material market is segmented on the basis of:
Types
Metals & Alloys, Composites, Ceramics, Para-aramid Fiber, UHMWPE, Fiberglass, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vehicle Armor, Aerospace Armor, Body Armor, Marine Armor, Civil Armor
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dupont (US)
- DSM NV (Netherlands)
- Honeywell International Inc. (US)
- Saint-Gobain SA (France)
- Allegheny Technologies Incorporated (US)
- M Ceradyne, Inc. (US)
- Alcoa Inc. (US)
- Royal TenCate NV (Netherlands)
- Saab AB (Sweden)
- CoorsTek Inc. (US)
- Dupont (US)
- CeramTec GmbH (Germany)
- Tata Steel Limited (India)
- AGY Holding Corp. (US)
- PPG Industries Inc. (US)
Highlights of The Armour Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metals & Alloys
- Composites
- Ceramics
- Para-aramid Fiber
- UHMWPE
- Fiberglass
- Others
- By Application:
- Vehicle Armor
- Aerospace Armor
- Body Armor
- Marine Armor
- Civil Armor
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Armour Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Armour material is the metal or plastic used to create a protective covering for the body.
Some of the key players operating in the armour material market are Dupont (US), DSM NV (Netherlands), Honeywell International Inc. (US), Saint-Gobain SA (France), Allegheny Technologies Incorporated (US), M Ceradyne, Inc. (US), Alcoa Inc. (US), Royal TenCate NV (Netherlands), Saab AB (Sweden), CoorsTek Inc. (US), Dupont (US), CeramTec GmbH (Germany), Tata Steel Limited (India), AGY Holding Corp. (US), PPG Industries Inc. (US).
The armour material market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Armour Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Armour Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Armour Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Armour Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Armour Material Market Size & Forecast, 2020-2028
4.5.1 Armour Material Market Size and Y-o-Y Growth
4.5.2 Armour Material Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Metals & Alloys
5.2.2 Composites
5.2.3 Ceramics
5.2.4 Para-aramid Fiber
5.2.5 UHMWPE
5.2.6 Fiberglass
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Vehicle Armor
6.2.2 Aerospace Armor
6.2.3 Body Armor
6.2.4 Marine Armor
6.2.5 Civil Armor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Armour Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Armour Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Metals & Alloys
9.6.2 Composites
9.6.3 Ceramics
9.6.4 Para-aramid Fiber
9.6.5 UHMWPE
9.6.6 Fiberglass
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Vehicle Armor
9.10.2 Aerospace Armor
9.10.3 Body Armor
9.10.4 Marine Armor
9.10.5 Civil Armor
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Metals & Alloys
10.6.2 Composites
10.6.3 Ceramics
10.6.4 Para-aramid Fiber
10.6.5 UHMWPE
10.6.6 Fiberglass
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Vehicle Armor
10.10.2 Aerospace Armor
10.10.3 Body Armor
10.10.4 Marine Armor
10.10.5 Civil Armor
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Metals & Alloys
11.6.2 Composites
11.6.3 Ceramics
11.6.4 Para-aramid Fiber
11.6.5 UHMWPE
11.6.6 Fiberglass
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Vehicle Armor
11.10.2 Aerospace Armor
11.10.3 Body Armor
11.10.4 Marine Armor
11.10.5 Civil Armor
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Metals & Alloys
12.6.2 Composites
12.6.3 Ceramics
12.6.4 Para-aramid Fiber
12.6.5 UHMWPE
12.6.6 Fiberglass
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Vehicle Armor
12.10.2 Aerospace Armor
12.10.3 Body Armor
12.10.4 Marine Armor
12.10.5 Civil Armor
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Metals & Alloys
13.6.2 Composites
13.6.3 Ceramics
13.6.4 Para-aramid Fiber
13.6.5 UHMWPE
13.6.6 Fiberglass
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Vehicle Armor
13.10.2 Aerospace Armor
13.10.3 Body Armor
13.10.4 Marine Armor
13.10.5 Civil Armor
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Armour Material Market: Competitive Dashboard
14.2 Global Armour Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dupont (US)
14.3.2 DSM NV (Netherlands)
14.3.3 Honeywell International Inc. (US)
14.3.4 Saint-Gobain SA (France)
14.3.5 Allegheny Technologies Incorporated (US)
14.3.6 M Ceradyne, Inc. (US)
14.3.7 Alcoa Inc. (US)
14.3.8 Royal TenCate NV (Netherlands)
14.3.9 Saab AB (Sweden)
14.3.10 CoorsTek Inc. (US)
14.3.11 Dupont (US)
14.3.12 CeramTec GmbH (Germany)
14.3.13 Tata Steel Limited (India)
14.3.14 AGY Holding Corp. (US)
14.3.15 PPG Industries Inc. (US)
