Jul 28, 2017   SOURCE: BusinessWire

Armor Materials Market to Reach $12 Billion by 2022 - Analysis by Type, Application and Region - Research and Markets

The "Armor Materials Market by Type, Application, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The armor materials market is estimated at USD 8.67 billion in 2017 and is projected to reach USD 12.11 billion by 2022, at a CAGR of 6.92% from 2017 to 2022.

The growth of this market is majorly attributed to the rising conflicts in emerging countries, such as China, India, and Brazil. Furthermore, the increasing demand for lightweight protection solutions is another significant factor driving the growth of the armor materials market. However, high procurement and raw material costs are expected to negatively affect market growth.

Body armor segment is projected to grow at the highest CAGR in the armor materials market, in terms of value and volume, between 2017 and 2022. This growth is attributed to the increasing security concerns in the emerging economies and to provide protection to law enforcement and military personnel. The rapid development of weapons and ammunition is also a driving factor for the growth of the body armor segment.

Companies Mentioned

  • 3M Ceradyne, Inc.
  • AGY Holding Corp.
  • Alcoa Corporation
  • Allegheny Technologies Inc.
  • AT&F Advanced Metals LLC
  • Ceramtec GmbH
  • Cerco Corp.
  • Compagnie De Saint-Gobain Sa
  • Coorstek Inc.
  • CPS Technologies Corp.
  • DSM NV
  • E. I. Du Pont De Nemours and Company
  • Honeywell International Inc.
  • JPS Composite Materials
  • Leeco Steel LLC
  • Morgan Advanced Materials
  • PPG Industries Inc.
  • Protective Structures, Ltd.
  • Royal Tencate NV
  • Saab AB
  • Schunk Carbon Technology
  • Surmet Corporation
  • Tata Steel Limited
  • Waco Composites
  • Xeracarb Ltd.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Armor Materials Market, By Product Type

7 Armor Materials Market, By Application

8 Armor Materials Market, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/p8ng7h/armor_materials