Stratview Research delivers key insights on the global Armor Materials Market.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.

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Market Insights

The Armor Materials Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.

Profiling Key Companies –

Alcoa Corporation

Allegheny Technologies, Inc.

Compagnie de Saint-Gobain S.A.

Dupont De Nemours, Inc.

Honeywell International Inc.

Koninklijke DSM N.V.

Saab AB

Tata Steel Ltd.

Teijin Limited

The 3M Company

Growth drivers and Market Value:

This report, from Stratview Research, studies the Armor Materials Market value and growth drivers over the trend period of 2022-27. According to the report -

Armor Materials Market is likely to witness an impressive CAGR of 7.3% during the forecast period. The development of advanced armor materials using composites and nano-fibers is majorly contributing to the growth of the armor materials market.

Segment Analysis:

Based on Application Type:

Based on the application type, the armor materials market is segmented as vehicle armor, aerospace armor, body armor, civil armor, and marine armor. Body armor is expected to grow at the highest rate during the forecast period. Increasing security concerns in the emerging economies and provision of security to law enforcement and military personnel, and modernization of weapons are the main factors contributing to the growth of the body armor segment.

Based on Region:

In terms of regions, North America is estimated to account for a considerable share of the armor materials market by 2024, driven by the surge in demand for homeland security applications and the incessant development of advanced armor systems for the US Army.

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Covid Impact

This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.

  • Appropriate market trend and forecast analysis.
  • All-inclusive report
  • Decent price-performance ratio
  • Reliable data
  • Attractive market segments and associated growth opportunities.

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