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This report provides actionable and valuable market insights for Aramid Fibers Ballistic Composites. The latest report from Fact.MR provides details on the current market scenario in various regions along with historical data and forecasts of the market. The report also includes information on sales and demand for the Aramid Fiber Ballistic Composites Market across various industries and regions.
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Market research conducted by Fact.MR provides exclusive information on how the market will grow. The study identifies important trends determining the growth of the Aramid Fibers Ballistic Composites market. This newly published report sheds light on important dynamics such as drivers, restraints and opportunities for key market players and emerging players involved in production and supply. The latest report from Fact.MR provides a detailed market analysis of Aramid Fiber Ballistic Composites.
This newly published and insightful report sheds light on the Market Insights of Aramid Fibers Ballistic Composites, key dynamics, their impact on the entire value chain from suppliers to end users, and growth of the Aramid Fibers Ballistic Composites market.
Fact.MR, a provider of market research and competitive intelligence, anticipates the global Ballistic Composites Market to have a positive outlook, expanding at a CAGR of over 6% during the forecast period 2021-2031.
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Key Takeaways from Market Study
- Global ballistic composites market to top US$ 2.5 Bn by 2031.
- Aramid fibers are projected to reach around US$ 300 Mn by 2031.
- Glass fibers are projected to record above 4% CAGR over the next 10 years.
- The market in Japan to record 3% CAGR over the forecast period of 2021- 2031.
- China forecast to reach a projected market size above US$ 490 Mn by 2031.
- Market in Canada projected to expand at above 4% CAGR over the next 10 years.
“Escalating requirement for protective equipment with constant technological breakthroughs will pave the way for expansion of the ballistic composites industry in the years to come,” says a Fact.MR analyst.
Market Competition
Companies leverage strategic collaborative initiatives to increase their market share and profitability. They are also acquiring start-ups working on technologies to strengthen their product capabilities.
- In 2017, DSM expanded the research & development capabilities of its Dyneema ballistic materials specifically for application in helmets. With this expansion, the company had demonstrated its commitment to support global armour manufacturers who are looking to manufacture next-generation hug performance, lightweight helmets.
- In 2020, Honeywell announced the newest addition to its innovative Spectra Shield 6000 series for high-performing ballistic materials to meet strict requirements for protective equipment and growing global demand for lightweight protection. Spectra Shield® 6166, which further expands Honeywell’s suite of high-performing hard armour products for militaries and law enforcement, was introduced at the SHOT Show at the Sands Expo Center in Las Vegas.
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Key Market Segments in Ballistic Composites Industry Research
-
Matrix
- Polymer Matrix Composites
- Polymer-Ceramic
- Metal Matrix
-
Fiber
- Aramid Fibers
- UHMPE
- Glass
-
Application
- Vehicle Armour Ballistic Composites
- Body Armour Ballistic Composites
- Helmets and Face Protection Ballistic Composites
Key Questions in the Survey on Aramid Fibers Ballistic Composites Market Report:
- Sales and Demand of Aramid Fiber Ballistic Composites Market
- Growth of Aramid Fiber Ballistic Composites Market
- Analysis of Aramid Fiber Ballistic Composites Market
- Market Insights of Aramid Fiber Ballistic Composites
- Key Drivers Influencing Aramid Fiber Ballistic Composites Market
- Aramid Fibers Ballistic Composites Market
- What are the main drivers of influence?
A more valuable insight into the Aramid Fiber Ballistic Composites Market
Fact.MR provides an unbiased market analysis of Aramid Fibers Ballistic Composites, sales and demand for Aramid Fibers Ballistic Composites in a new report, analyzing forecast statistics for 2019 and beyond. This study presents growth prospects based on various criteria.
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