Armor Materials Market

Armor Materials Market by Materials Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application (Vehicle, Aerospace, Body, Civil, Marine), & Region (Asia Pacific, North America, Europe, South America) Global Forecast to 2027

Report Code: CH 4001 Apr, 2023, by marketsandmarkets.com

In terms of value, the armor materials market size is projected to reach USD 16.1 billion by 2027 from USD 11.0 billion in 2021, at a CAGR of 6.6%. One of the main factors creating an optimistic outlook for the market is the military and defence sectors' notable expansion. In order to shield soldiers in battle and lessen the force of oncoming weapons and bullets, armor materials are frequently utilised. Also, the extensive use of the product to shield military vehicles from missiles, bullets, and shrapnel is encouraging market expansion. The market is expanding as a result of numerous product advancements, such as the introduction of lightweight armour materials that are highly flexible and sustainable and offer improved protection to users.

Armor Materials Market

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Armor Materials Market

Market Dynamics

Driver: Growing demand for homeland security

The primary driver for the armor materials market is the increasing demand from the defense and security sectors. The need for advanced armor materials to protect soldiers, vehicles, and critical infrastructure from ballistic, explosive, and other types of threats is driving the growth of this market. The rise in geopolitical tensions, particularly in regions such as the Middle East and Asia Pacific, has led to an increased demand for armor materials. Countries are increasing their defense spending and investing in advanced armor solutions to protect against potential threats.

Restraints : Government regulations over production capacity and supply chain

The global consumption of armor materials directly impacts the security system of the country. Thus, the production and consumption of armor materials are subject to strict regulations from the government agencies. This is to fortify and protect the supply & value chain of these materials. In addition, armor materials market is subject to strict regulations related to safety, performance, and quality standards. Meeting these regulations can be challenging, particularly for small and medium-sized companies, which can limit their ability to enter the market.

Opportunities: Rising military modernization programs

Technological advancements in materials science and engineering are driving the development of new and innovative armor materials. For example, the development of lightweight and high-strength materials such as ceramics, composites, and nanomaterials has revolutionized the armor materials industry. Modernization programs are essential for militaries to maintain their competitive edge, as technological advancements can quickly render older equipment and tactics obsolete. In addition, modernization programs can also improve operational efficiency, reduce costs, and enhance the safety and welfare of military personnel.

Restraints: High cost of lightweight armor materials

Advanced armor materials such as ceramics, composites, and nanomaterials can be expensive to produce, which can limit their adoption in some applications. The high cost of these materials can also make them less competitive compared to traditional armor materials.

Armor Materials Market Ecosystem

Prominent companies in this market include well-established, financially stable armor materials. These businesses have been in business for a while and have a broad range of products, cutting-edge technologies, and robust international sales and marketing networks. Prominent companies in this market include DuPont De Nemours, Inc. (US), Teijin Limited (Japan), 3M Company (US), ATI, Inc. (US), and Honeywell International Inc. (US).

Armor Materials Market Ecosystem

Based on application, vehicle armor is projected to be the largest market for armor materials, in terms of value, during the forecast period.

Vehicle armor is the largest application for armor materials due to the high demand for protection in the defense and security sectors. Vehicles are used extensively in military and law enforcement operations, and protecting these vehicles and their occupants against ballistic, explosive, and other threats is of utmost importance.

Based on materials type, metals & alloys was the largest segment for armor materials market, in terms of value, in 2021.

The metals and alloys segment accounted for largest market share in 2021, owing to growing application of titanium and its alloys in military armor and vehicles, which is expected to drive the market growth. Because of its low density and high corrosion resistance, titanium is used extensively to make lighter vehicles and body armor.

“North America accounted for the largest market share for armor materials market, in terms of value, in 2021”

In terms of value, North America is the largest market for armor materials, followed by Europe. This is due to the rise in demand for homeland security applications and the creation of cutting-edge armor systems and materials for automobiles and aerospace. Also, the Berry Amendment Act in US encourages the use of domestically made goods, such as armor materials (steel, fiber), supporting the expansion of the regional market.

Armor Materials Market by Region

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Key Market Players

The key players profiled in the report include DuPont De Nemours, Inc. (US), Teijin Limited (Japan), 3M Company (US), ATI, Inc. (US), and Honeywell International Inc. (US) among others, are the key manufacturers that secured major market share in the last few years. Major focus was given to the contracts and new product development due to the changing requirements of commercial, homeland security and defense & space users across the world.

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Scope of the Report

Report Metric

Details

Years considered for the study

2017–2027
Base year considered

2021

Forecast period

2022–2027

Units considered

Volume (Kiloton) and Value (USD Million)

Segments covered

Material Type, Application, and Region

Regions covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies profiled

DuPont de Nemours, Inc (US), Honeywell International Inc. (US), 3M Company (US), SSAB AB (Sweden) Saint-Gobain SA (France), Teijin Limited (Japan), Tata Steel Limited (India), Alcoa Inc. (US), ATI, Inc (US), 3M Company (US)

This report categorizes the global armor materials market based on material type, application, and region.

On the basis of material type, the armor materials market has been segmented as follows:
  • Metals & Alloys
    • High-density steel
    • Aluminum
    • Titanium
    • Ceramics
    • Aluminum Oxide
    • Silicon Carbide
    • Boron Carbide
  • Composites
    • Fibers
    • Fabrics
    • Matrix Materials
    • Prepegs
    • Hybrid Composites
    • 3D Composites
  • Para-Aramid Fiber
  • UHMWPE
  • Fiberglass
  • Others
On the basis of application, the armor materials market has been segmented as follows:
  • Vehicle Armor
  • Aerospace Armor
  • Body Armor
  • Civil Armor
  • Marine Armor
On the basis of region, the armor materials market has been segmented as follows:
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Developments

  • In February 2021, Teijin Limited expanded its Teijin Aramid production capacity in the Netherlands. Installing the new equipment was just the latest step in a multi-year program designed to increase both production capacity and sustainability at Teijin Aramid locations.
  • In February 2021, DuPont acquired Tex Tech’s Core Matrix Technology, a monolithic fabric structure that would significantly reduce backface trauma. It resulted in enhancing ballistic and fragmentation performance for law enforcement and military personnel.
  • In November 2020, Teijin Limited developed high-performance fibers with green raw material. The fibers would be used in diverse applications, including car tires, airfreight containers and protective clothing.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 ARMOR MATERIALS MARKET: INCLUSIONS & EXCLUSIONS
           1.2.2 ARMOR MATERIALS MARKET: DEFINITIONS AND INCLUSIONS,  BY MATERIAL TYPE
           1.2.3 ARMOR MATERIAL MARKET: DEFINITIONS AND INCLUSIONS,  BY APPLICATION
    1.3 MARKET SCOPE 
          FIGURE 1 ARMOR MATERIALS MARKET SEGMENTATION
    1.4 REGIONS COVERED 
    1.5 YEARS CONSIDERED 
    1.6 CURRENCY 
    1.7 UNITS CONSIDERED 
    1.8 STAKEHOLDERS 
    1.9 SUMMARY OF CHANGES 
           1.9.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA 
          FIGURE 2 ARMOR MATERIALS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) - COLLECTIVE REVENUE OF COMPANIES
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 - BOTTOM-UP (SUPPLY SIDE) - COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE) - PRODUCTS SOLD
    2.3 DATA TRIANGULATION 
          FIGURE 6 ARMOR MATERIALS MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS 
           2.4.1 SUPPLY SIDE
                    FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS 
    2.6 LIMITATIONS 
    2.7 RISK ASSESSMENT 
          TABLE 1 ARMOR MATERIALS MARKET: RISK ASSESSMENT
    2.8 RESEARCH ASSUMPTIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 53)
    FIGURE 9 VEHICLE ARMOR PROJECTED TO BE LARGEST APPLICATION DURING  FORECAST PERIOD
    FIGURE 10 METALS & ALLOYS TO BE LEADING ARMOR MATERIAL TYPE
    FIGURE 11 NORTH AMERICA LED ARMOR MATERIALS MARKET IN 2021
 
4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 SIGNIFICANT OPPORTUNITIES IN ARMOR MATERIALS MARKET 
          FIGURE 12 RISING MILITARY SPENDING IN DEVELOPING ECONOMIES ALONG WITH MILITARY MODERNIZATION PROGRAMS TO DRIVE MARKET
    4.2 ARMOR MATERIALS MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION, 2021 
          FIGURE 13 US AND VEHICLE ARMOR ACCOUNTED FOR LARGEST  MARKET SHARES
    4.3 ARMOR MATERIALS MARKET, BY MATERIAL TYPE 
          FIGURE 14 METALS & ALLOYS TO BE LARGEST SEGMENT DURING FORECAST PERIOD
    4.4 ARMOR MATERIALS MARKET, BY REGION AND APPLICATION, 2021 
          FIGURE 15 VEHICLE ARMOR ACCOUNTED FOR LARGEST MARKET SHARE ACROSS REGIONS IN 2021
    4.5 ARMOR MATERIALS MARKET, BY KEY COUNTRY 
          FIGURE 16 INDIA TO BE FASTEST-GROWING MARKET
 
5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 17 OVERVIEW OF FACTORS GOVERNING ARMOR MATERIALS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing security concerns in developing countries
                    5.2.1.2 Growing demand for homeland security
                    5.2.1.3 Development of lethal ammunition and weapons
           5.2.2 RESTRAINTS
                    5.2.2.1 Government regulations over production capacity and supply chain
                    5.2.2.2 Failure to provide complete protection
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Military modernization programs
                    5.2.3.2 Need for lightweight armor
                    5.2.3.3 Changing battlefield scenario
           5.2.4 CHALLENGES
                    5.2.4.1 Development of explosive reactive armor systems
                    5.2.4.2 High cost of lightweight armor materials
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 18 PORTER’S FIVE FORCES ANALYSIS OF ARMOR MATERIALS MARKET
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 2 ARMOR MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 4 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY MATERIAL TYPE
                    FIGURE 21 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE MATERIAL TYPES
                    TABLE 5 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE MATERIAL TYPES (USD/KG)
           5.5.2 AVERAGE SELLING PRICE, BY REGION
                    FIGURE 22 AVERAGE SELLING PRICES OF ARMOR MATERIALS, BY REGION, 2020-2027
                    TABLE 6 AVERAGE SELLING PRICES OF ARMOR MATERIALS, BY REGION, 2020–2027 (USD/KG)
 
6 INDUSTRY TRENDS (Page No. - 72)
    6.1 SUPPLY CHAIN ANALYSIS 
          FIGURE 23 ARMOR MATERIALS MARKET: SUPPLY CHAIN
           6.1.1 RAW MATERIALS
           6.1.2 MANUFACTURING OF ARMOR MATERIALS
           6.1.3 DISTRIBUTION TO END USERS
    6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 
           6.2.1 REVENUE SHIFTS & REVENUE POCKETS FOR ARMOR MATERIAL MANUFACTURERS
                    FIGURE 24 REVENUE SHIFT FOR ARMOR MATERIALS MARKET
    6.3 ECOSYSTEM/MARKET MAP 
          FIGURE 25 ARMOR MATERIALS MARKET: ECOSYSTEM
          TABLE 7 ARMOR MATERIALS MARKET: ECOSYSTEM
    6.4 CASE STUDIES 
           6.4.1 ARMOR MATERIAL USED TO DEVELOP ARMORED CARS
           6.4.2 ARAMID FIBER USED FOR FLAME-RESISTANT COMFORT WEAR
    6.5 TECHNOLOGY ANALYSIS 
           6.5.1 INFLUENCE OF GEOMETRY AND HARDNESS OF BACKING PLATE ON BALLISTIC PERFORMANCE
    6.6 MACROECONOMIC INDICATORS 
           6.6.1 GDP TRENDS AND FORECASTS FOR MAJOR ECONOMIES
                    TABLE 8 GDP TRENDS AND FORECASTS, BY MAJOR ECONOMY, 2020–2027 (USD BILLION)
    6.7 TRADE DATA 
           6.7.1 IMPORT SCENARIO OF ARMOR MATERIALS
                    FIGURE 26 ARMOR MATERIAL IMPORTS, BY KEY COUNTRY, 2013-2021
                    TABLE 9 ARMOR MATERIAL IMPORTS, BY REGION, 2013–2021 (USD MILLION)
           6.7.2 EXPORT SCENARIO OF ARMOR MATERIALS
                    FIGURE 27 ARMOR MATERIAL EXPORTS, BY KEY COUNTRY, 2013–2021
                    TABLE 10 ARMOR MATERIAL EXPORTS, BY REGION, 2013-2021 (USD MILLION)
    6.8 TARIFF & REGULATORY LANDSCAPE AND ITS IMPACT ON ARMOR MATERIALS MARKET 
           6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND ORGANIZATIONS
           6.8.2 REGULATIONS RELATED TO ARMOR MATERIALS MARKET
    6.9 KEY CONFERENCES & EVENTS IN 2023 
          TABLE 11 ARMOR MATERIALS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    6.10 PATENT ANALYSIS 
           6.10.1 APPROACH
           6.10.2 DOCUMENT TYPE
                     TABLE 12 PATENT STATUS AND COUNT
                     FIGURE 28 PATENTS REGISTERED IN ARMOR MATERIALS MARKET, 2011–2021
                     FIGURE 29 PATENT PUBLICATION TRENDS, 2011–2020
                     FIGURE 30 LEGAL STATUS OF PATENTS FILED IN ARMOR MATERIALS MARKET
           6.10.3 JURISDICTION ANALYSIS
                     FIGURE 31 MAXIMUM PATENTS FILED IN JURISDICTION OF CHINA
           6.10.4 TOP APPLICANTS
                     FIGURE 32 THE BOEING COMPANY REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2011 AND 2021
                     TABLE 13 LIST OF PATENTS BY NANJING BENZHI CHEMICAL CO., LTD.
                     TABLE 14 TOP 10 PATENT OWNERS IN US, 2011-2021
 
7 ARMOR MATERIALS MARKET, BY MATERIAL TYPE (Page No. - 88)
    7.1 INTRODUCTION 
          FIGURE 33 PARA-ARAMID FIBER SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 15 ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
          TABLE 16 ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2021–2027 (USD MILLION)
          TABLE 17 ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2017–2020 (KILOTON)
          TABLE 18 ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2021–2027 (KILOTON)
    7.2 METALS & ALLOYS 
           7.2.1 DEMAND FOR LIGHTWEIGHT ALLOYS TO LEAD TO REPLACEMENT OF BALLISTIC STEEL
                    7.2.1.1 High-density steel
                    7.2.1.2 Aluminum
                    7.2.1.3 Titanium
                                TABLE 19 LIST OF METAL RAW MATERIALS USED IN DEFENSE APPLICATIONS
                                TABLE 20 METALS & ALLOYS: ARMOR MATERIALS MARKET, BY REGION,  2017–2020 (USD MILLION)
                                TABLE 21 METALS & ALLOYS: ARMOR MATERIALS MARKET, BY REGION,  2021–2027 (USD MILLION)
                                TABLE 22 METALS & ALLOYS: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                                TABLE 23 METALS & ALLOYS: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    7.3 CERAMICS 
           7.3.1 HIGH BALLISTIC RESISTANCE, LOW WEIGHT, AND DURABILITY TO FUEL DEMAND FOR CERAMICS IN BODY ARMOR
                    7.3.1.1 Aluminum oxide
                    7.3.1.2 Silicon carbide
                    7.3.1.3 Boron carbide
                                TABLE 24 CERAMICS: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 25 CERAMICS: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 26 CERAMICS: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                                TABLE 27 CERAMICS: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    7.4 COMPOSITES 
           7.4.1 HIGH MECHANICAL STRENGTH AND STIFFNESS TO CONTRIBUTE TO DEMAND FOR COMPOSITES
                    7.4.1.1 Fibers
                    7.4.1.2 Fabrics
                    7.4.1.3 Matrix materials
                    7.4.1.4 Prepregs
                    7.4.1.5 Hybrid composites
                    7.4.1.6 3D composites
                                TABLE 28 COMPOSITES: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 29 COMPOSITES: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 30 COMPOSITES: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                                TABLE 31 COMPOSITES: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    7.5 PARA-ARAMID FIBER 
           7.5.1 PARA-ARAMID FIBER TO WITNESS DEMAND DUE TO ULTRA-HIGH STRENGTH
                    TABLE 32 PARA-ARAMID FIBER: ARMOR MATERIALS MARKET, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 33 PARA-ARAMID FIBER: ARMOR MATERIALS MARKET, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 34 PARA-ARAMID FIBER: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 35 PARA-ARAMID FIBER: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    7.6 ULTRA-HIGH-MOLECULAR-WEIGHT POLYETHYLENE (UHMWPE) 
           7.6.1 SHOCK ABSORPTION PROPERTIES IN BODY ARMOR TO FUEL DEMAND
                    TABLE 36 UHMWPE: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 37 UHMWPE: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 38 UHMWPE: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 39 UHMWPE: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    7.7 FIBERGLASS 
           7.7.1 FAVORABLE PROPERTIES IN BALLISTIC APPLICATIONS TO INFLUENCE DEMAND
                    TABLE 40 FIBERGLASS: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 41 FIBERGLASS: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 42 FIBERGLASS: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 43 FIBERGLASS: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    7.8 OTHER MATERIAL TYPES 
          TABLE 44 OTHER MATERIAL TYPES: ARMOR MATERIALS MARKET, BY REGION,  2017–2020 (USD MILLION)
          TABLE 45 OTHER MATERIAL TYPES: ARMOR MATERIALS MARKET, BY REGION,  2021–2027 (USD MILLION)
          TABLE 46 OTHER MATERIAL TYPES: ARMOR MATERIALS MARKET, BY REGION,  2017–2020 (KILOTON)
          TABLE 47 OTHER MATERIAL TYPES: ARMOR MATERIALS MARKET, BY REGION,  2021–2027 (KILOTON)
 
8 ARMOR MATERIALS MARKET, BY APPLICATION (Page No. - 111)
    8.1 INTRODUCTION 
          FIGURE 34 AEROSPACE ARMOR SEGMENT TO REGISTER HIGHEST CAGR DURING  FORECAST PERIOD
          TABLE 48 ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
          TABLE 49 ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
          TABLE 50 ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
          TABLE 51 ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
    8.2 VEHICLE ARMOR 
           8.2.1 ARMORED VEHICLES TO WITNESS HIGH DEMAND DUE TO RISING CROSS-BORDER CONFLICTS
                    TABLE 52 TOP 10 COUNTRIES WITH TOTAL COMBAT TANK FLEET STRENGTH, 2023
                    TABLE 53 VEHICLE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 54 VEHICLE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 55 VEHICLE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 56 VEHICLE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.3 AEROSPACE ARMOR 
           8.3.1 HIGH INVESTMENTS BY AIR FORCES OF VARIOUS COUNTRIES TO DRIVE DEMAND FOR AEROSPACE ARMOR
                    TABLE 57 TOP 10 COUNTRIES WITH TOTAL MILITARY AIRCRAFT FLEET STRENGTH, 2023
                    TABLE 58 AEROSPACE ARMOR: ARMOR MATERIALS MARKET, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 59 AEROSPACE ARMOR: ARMOR MATERIALS MARKET, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 60 AEROSPACE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 61 AEROSPACE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.4 BODY ARMOR 
           8.4.1 RISING NEED FOR PROTECTION SYSTEMS BY LAW ENFORCEMENT AGENCIES TO DRIVE MARKET
                    TABLE 62 BODY ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 63 BODY ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 64 BODY ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 65 BODY ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.5 CIVIL ARMOR 
           8.5.1 INCREASING SAFETY CONCERNS OF CIVILIANS TO CONTRIBUTE  TO MARKET GROWTH
                    TABLE 66 CIVIL ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 67 CIVIL ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 68 CIVIL ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 69 CIVIL ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    8.6 MARINE ARMOR 
           8.6.1 EXPANSION OF NAVY FLEET IN DEVELOPING COUNTRIES TO DRIVE MARKET
                    TABLE 70 MARINE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 71 MARINE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 72 MARINE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 73 MARINE ARMOR: ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
 
9 ARMOR MATERIALS MARKET, BY REGION (Page No. - 124)
    9.1 INTRODUCTION 
          FIGURE 35 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 74 ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 75 ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (USD MILLION)
          TABLE 76 ARMOR MATERIALS MARKET, BY REGION, 2017–2020 (KILOTON)
          TABLE 77 ARMOR MATERIALS MARKET, BY REGION, 2021–2027 (KILOTON)
    9.2 NORTH AMERICA 
          FIGURE 36 NORTH AMERICA: ARMOR MATERIALS MARKET SNAPSHOT
           9.2.1 IMPACT OF RECESSION
           9.2.2 NORTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE
                    TABLE 78 NORTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2017–2020 (USD MILLION)
                    TABLE 79 NORTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2021–2027 (USD MILLION)
                    TABLE 80 NORTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2017–2020 (KILOTON)
                    TABLE 81 NORTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2021–2027 (KILOTON)
           9.2.3 NORTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION
                    TABLE 82 NORTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION,  2017–2020 (USD MILLION)
                    TABLE 83 NORTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                    TABLE 84 NORTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 85 NORTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
           9.2.4 NORTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY
                    TABLE 86 NORTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 87 NORTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY,  2021–2027 (USD MILLION)
                    TABLE 88 NORTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 89 NORTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    9.2.4.1 US
                               9.2.4.1.1 High military spending and constant research for upgrading army and military equipment to drive market
                                              TABLE 90 US: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 91 US: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 92 US: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 93 US: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.2.4.2 Canada
                               9.2.4.2.1 Demand for armored vehicles to be driven by military modernization programs
                                              TABLE 94 CANADA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 95 CANADA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 96 CANADA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 97 CANADA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.2.4.3 Mexico
                               9.2.4.3.1 Shift in manufacturing facilities of defense industries to be crucial for market growth
                                              TABLE 98 MEXICO: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 99 MEXICO: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 100 MEXICO: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 101 MEXICO: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
    9.3 EUROPE 
          FIGURE 37 EUROPE: ARMOR MATERIALS MARKET SNAPSHOT
           9.3.1 IMPACT OF RECESSION
           9.3.2 EUROPE: ARMOR MATERIALS MARKET, BY MATERIAL TYPE
                    TABLE 102 EUROPE: ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                    TABLE 103 EUROPE: ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2021–2027 (USD MILLION)
                    TABLE 104 EUROPE: ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2017–2020 (KILOTON)
                    TABLE 105 EUROPE: ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2021–2027 (KILOTON)
           9.3.3 EUROPE: ARMOR MATERIALS MARKET, BY APPLICATION
                    TABLE 106 EUROPE: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 107 EUROPE: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                    TABLE 108 EUROPE: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 109 EUROPE: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
           9.3.4 EUROPE: ARMOR MATERIALS MARKET, BY COUNTRY
                    TABLE 110 EUROPE: ARMOR MATERIALS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 111 EUROPE: ARMOR MATERIALS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 112 EUROPE: ARMOR MATERIALS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 113 EUROPE: ARMOR MATERIALS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    9.3.4.1 Russia
                               9.3.4.1.1 Increasing investments in military modernization programs to propel market
                                              TABLE 114 RUSSIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 115 RUSSIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 116 RUSSIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 117 RUSSIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.3.4.2 France
                               9.3.4.2.1 Efforts to modernize old fleet of armored vehicles to favor market growth
                                              TABLE 118 FRANCE: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 119 FRANCE: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 120 FRANCE: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 121 FRANCE: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.3.4.3 UK
                               9.3.4.3.1 Increasing investment in homeland security to boost market growth
                                              TABLE 122 UK: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 123 UK: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 124 UK: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 125 UK: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.3.4.4 Germany
                               9.3.4.4.1 Growing procurement of defense equipment and vehicles to contribute to market growth
                                              TABLE 126 GERMANY: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 127 GERMANY: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 128 GERMANY: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 129 GERMANY: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.3.4.5 Italy
                               9.3.4.5.1 Rising production of military and army aircraft to drive demand
                                              TABLE 130 ITALY: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 131 ITALY: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 132 ITALY: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 133 ITALY: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.3.4.6 Poland
                               9.3.4.6.1 Growing spending on procurement of new military equipment to be favorable for market growth
                                              TABLE 134 POLAND: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 135 POLAND: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 136 POLAND: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 137 POLAND: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
    9.4 ASIA PACIFIC 
          FIGURE 38 ASIA PACIFIC: ARMOR MATERIALS MARKET SNAPSHOT
           9.4.1 IMPACT OF RECESSION
           9.4.2 ASIA PACIFIC: ARMOR MATERIAL MARKET, BY MATERIAL TYPE
                    TABLE 138 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2017–2020 (USD MILLION)
                    TABLE 139 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2021–2027 (USD MILLION)
                    TABLE 140 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2017–2020 (KILOTON)
                    TABLE 141 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2021–2027 (KILOTON)
           9.4.3 ASIA PACIFIC: ARMOR MATERIAL MARKET, BY APPLICATION
                    TABLE 142 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY APPLICATION,  2017–2020 (USD MILLION)
                    TABLE 143 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY APPLICATION,  2021–2027 (USD MILLION)
                    TABLE 144 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 145 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
           9.4.4 ASIA PACIFIC: ARMOR MATERIAL MARKET, BY COUNTRY
                    TABLE 146 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 147 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 148 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 149 ASIA PACIFIC: ARMOR MATERIALS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    9.4.4.1 China
                               9.4.4.1.1 High R&D spending on new and advanced armored vehicles to contribute to market growth
                                              TABLE 150 CHINA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 151 CHINA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 152 CHINA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 153 CHINA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.4.2 India
                               9.4.4.2.1 Increasing defense budget to lead to growth in spending on better armor systems
                                              TABLE 154 INDIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 155 INDIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 156 INDIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 157 INDIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.4.3 South Korea
                               9.4.4.3.1 Increasing conflict with North Korea to fuel market growth
                                              TABLE 158 SOUTH KOREA: ARMOR MATERIALS MARKET, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 159 SOUTH KOREA: ARMOR MATERIALS MARKET, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 160 SOUTH KOREA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 161 SOUTH KOREA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.4.4 Japan
                               9.4.4.4.1 High-end indigenous military technologies to increase demand for armor materials
                                              TABLE 162 JAPAN: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 163 JAPAN: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 164 JAPAN: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 165 JAPAN: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.4.5 Australia
                               9.4.4.5.1 Continuous government investments in armed forces and home security forces to fuel market growth
                                              TABLE 166 AUSTRALIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 167 AUSTRALIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 168 AUSTRALIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 169 AUSTRALIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.4.6 Indonesia
                               9.4.4.6.1 Growing need for advanced naval fleet to influence market growth
                                              TABLE 170 INDONESIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 171 INDONESIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 172 INDONESIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 173 INDONESIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.4.7 Philippines
                               9.4.4.7.1 Future planning to increase military spending to contribute to market growth
                                              TABLE 174 PHILIPPINES: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 175 PHILIPPINES: ARMOR MATERIALS MARKET, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 176 PHILIPPINES: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 177 PHILIPPINES: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
    9.5 SOUTH AMERICA 
           9.5.1 IMPACT OF RECESSION
           9.5.2 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE
                    TABLE 178 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2017–2020 (USD MILLION)
                    TABLE 179 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2021–2027 (USD MILLION)
                    TABLE 180 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2017–2020 (KILOTON)
                    TABLE 181 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2021–2027 (KILOTON)
           9.5.3 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION
                    TABLE 182 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION,  2017–2020 (USD MILLION)
                    TABLE 183 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION,  2021–2027 (USD MILLION)
                    TABLE 184 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 185 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
           9.5.4 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY
                    TABLE 186 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 187 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY,  2021–2027 (USD MILLION)
                    TABLE 188 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 189 SOUTH AMERICA: ARMOR MATERIALS MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                    9.5.4.1 Brazil
                               9.5.4.1.1 Gang wars and other incidents to influence market growth
                                              TABLE 190 BRAZIL: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 191 BRAZIL: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 192 BRAZIL: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 193 BRAZIL: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.5.4.2 Argentina
                               9.5.4.2.1 Increasing procurement of armored vehicles to drive market
                                              TABLE 194 ARGENTINA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 195 ARGENTINA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 196 ARGENTINA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 197 ARGENTINA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 IMPACT OF RECESSION
           9.6.2 MIDDLE EAST & AFRICA: ARMOR MATERIAL MARKET,  BY MATERIAL TYPE
                    TABLE 198 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2017–2020 (USD MILLION)
                    TABLE 199 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2021–2027 (USD MILLION)
                    TABLE 200 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2017–2020 (KILOTON)
                    TABLE 201 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY MATERIAL TYPE,  2021–2027 (KILOTON)
           9.6.3 MIDDLE EAST & AFRICA: ARMOR MATERIAL MARKET,  BY APPLICATION
                    TABLE 202 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY APPLICATION,  2017–2020 (USD MILLION)
                    TABLE 203 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY APPLICATION,  2021–2027 (USD MILLION)
                    TABLE 204 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY APPLICATION,  2017–2020 (KILOTON)
                    TABLE 205 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY APPLICATION,  2021–2027 (KILOTON)
           9.6.4 MIDDLE EAST & AFRICA: ARMOR MATERIAL MARKET, BY COUNTRY
                    TABLE 206 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 207 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY COUNTRY,  2021–2027 (USD MILLION)
                    TABLE 208 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY COUNTRY,  2017–2020 (KILOTON)
                    TABLE 209 MIDDLE EAST & AFRICA: ARMOR MATERIALS MARKET, BY COUNTRY,  2021–2027 (KILOTON)
                    9.6.4.1 Israel
                               9.6.4.1.1 Israel to be lucrative market for armor materials
                                              TABLE 210 ISRAEL: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 211 ISRAEL: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 212 ISRAEL: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 213 ISRAEL: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.6.4.2 Saudi Arabia
                               9.6.4.2.1 Constant R&D on advanced military technologies to present opportunities for growth
                                              TABLE 214 SAUDI ARABIA: ARMOR MATERIALS MARKET, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 215 SAUDI ARABIA: ARMOR MATERIALS MARKET, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 216 SAUDI ARABIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 217 SAUDI ARABIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.6.4.3 UAE
                               9.6.4.3.1 Significant investments in armored vehicle capabilities to influence market growth
                                              TABLE 218 UAE: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 219 UAE: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 220 UAE: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 221 UAE: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
                    9.6.4.4 Algeria
                               9.6.4.4.1 Increasing defense and security budget to strengthen military forces to contribute to market growth
                                              TABLE 222 ALGERIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 223 ALGERIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 224 ALGERIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 225 ALGERIA: ARMOR MATERIALS MARKET, BY APPLICATION, 2021–2027 (KILOTON)
 
10 COMPETITIVE LANDSCAPE (Page No. - 193)
     10.1 INTRODUCTION 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 226 OVERVIEW OF STRATEGIES ADOPTED BY KEY ARMOR MATERIAL MANUFACTURERS
     10.3 MARKET SHARE ANALYSIS 
             10.3.1 RANKING OF KEY MARKET PLAYERS
                        FIGURE 39 RANKING OF TOP FIVE PLAYERS IN ARMOR MATERIALS MARKET, 2021
             10.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 227 ARMOR MATERIALS MARKET: DEGREE OF COMPETITION
                        FIGURE 40 DUPONT DE NEMOURS, INC. LED ARMOR MATERIALS MARKET IN 2021
                        10.3.2.1 DuPont de Nemours, Inc.
                        10.3.2.2 Teijin Limited
                        10.3.2.3 ATI, Inc.
                        10.3.2.4 3M Company
                        10.3.2.5 Honeywell International Inc.
                                      FIGURE 41 REVENUE ANALYSIS OF KEY COMPANIES DURING PAST FIVE YEARS
     10.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 
             FIGURE 42 ARMOR MATERIALS MARKET: COMPANY FOOTPRINT
             TABLE 228 ARMOR MATERIALS MARKET: MATERIAL TYPE FOOTPRINT
             TABLE 229 ARMOR MATERIALS MARKET: OVERALL APPLICATION FOOTPRINT
             TABLE 230 ARMOR MATERIALS MARKET: COMPANY REGION FOOTPRINT
     10.5 COMPANY EVALUATION QUADRANT (TIER 1) 
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PARTICIPANTS
             10.5.4 PERVASIVE PLAYERS
                        FIGURE 43 COMPANY EVALUATION QUADRANT FOR ARMOR MATERIALS MARKET (TIER 1)
     10.6 COMPETITIVE BENCHMARKING 
             TABLE 231 ARMOR MATERIALS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 232 ARMOR MATERIALS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.7 STARTUP/SME EVALUATION QUADRANT 
             10.7.1 RESPONSIVE COMPANIES
             10.7.2 STARTING BLOCKS
             10.7.3 PROGRESSIVE COMPANIES
             10.7.4 DYNAMIC COMPANIES
                        FIGURE 44 STARTUPS/SMES EVALUATION QUADRANT FOR ARMOR MATERIALS MARKET
     10.8 COMPETITIVE SITUATIONS AND TRENDS 
             10.8.1 NEW PRODUCT LAUNCHES
                        TABLE 233 ARMOR MATERIALS MARKET: NEW PRODUCT LAUNCHES, 2019–2022
             10.8.2 DEALS
                        TABLE 234 ARMOR MATERIALS MARKET: DEALS, 2019–2022
             10.8.3 OTHER DEVELOPMENTS
                        TABLE 235 ARMOR MATERIALS MARKET: OTHER DEVELOPMENTS, 2019–2022
 
11 COMPANY PROFILES (Page No. - 214)
(Business overview, Products offered, Recent Developments, MNM view)*
     11.1 MAJOR PLAYERS 
             11.1.1 DUPONT DE NEMOURS, INC.
                        TABLE 236 DUPONT DE NEMOURS, INC.: BUSINESS OVERVIEW
                        FIGURE 45 DUPONT DE NEMOURS, INC.: COMPANY SNAPSHOT
                        TABLE 237 DUPONT DE NEMOURS, INC.: PRODUCTS OFFERED
                        TABLE 238 DUPONT DE NEMOURS, INC.: NEW PRODUCT LAUNCHES
                        TABLE 239 DUPONT DE NEMOURS, INC.: DEALS
             11.1.2 TEIJIN LIMITED
                        TABLE 240 TEIJIN LIMITED: BUSINESS OVERVIEW
                        FIGURE 46 TEIJIN LIMITED: COMPANY SNAPSHOT
                        TABLE 241 TEIJIN LIMITED: PRODUCTS OFFERED
                        TABLE 242 TEIJIN LIMITED: NEW PRODUCT LAUNCHES
                        TABLE 243 TEIJIN LIMITED: OTHER DEVELOPMENTS
             11.1.3 3M COMPANY
                        TABLE 244 3M COMPANY: BUSINESS OVERVIEW
                        FIGURE 47 3M COMPANY: COMPANY SNAPSHOT
                        TABLE 245 3M COMPANY: PRODUCTS OFFERED
                        TABLE 246 3M COMPANY: DEALS
             11.1.4 SAINT-GOBAIN S.A.
                        FIGURE 48 SAINT-GOBAIN S.A.: COMPANY SNAPSHOT
                        TABLE 247 SAINT-GOBAIN S.A.: BUSINESS OVERVIEW
             11.1.5 HONEYWELL INTERNATIONAL INC.
                        FIGURE 49 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 248 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW
                        TABLE 249 HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED
                        TABLE 250 HONEYWELL INTERNATIONAL INC.: NEW PRODUCT LAUNCHES
                        TABLE 251 HONEYWELL INTERNATIONAL INC.: DEALS
             11.1.6 AVIENT CORPORATION
                        TABLE 252 AVIENT CORPORATION: BUSINESS OVERVIEW
                        FIGURE 50 AVIENT CORPORATION: COMPANY SNAPSHOT
                        TABLE 253 AVIENT CORPORATION: PRODUCTS OFFERED
                        TABLE 254 AVIENT CORPORATION: DEALS
             11.1.7 ATI, INC.
                        FIGURE 51 ATI, INC.: COMPANY SNAPSHOT
                        TABLE 255 ATI, INC.: BUSINESS OVERVIEW
                        TABLE 256 ATI, INC.: PRODUCTS OFFERED
                        TABLE 257 ATI, INC.: DEALS
             11.1.8 ALCOA CORPORATION
                        TABLE 258 ALCOA CORPORATION: BUSINESS OVERVIEW
                        FIGURE 52 ALCOA CORPORATION: COMPANY SNAPSHOT
                        TABLE 259 ALCOA CORPORATION: PRODUCTS OFFERED
                        TABLE 260 ALCOA CORPORATION: OTHER DEVELOPMENTS
             11.1.9 SSAB AB
                        TABLE 261 SSAB AB: BUSINESS OVERVIEW
                        FIGURE 53 SSAB AB: COMPANY SNAPSHOT
                        TABLE 262 SSAB AB: PRODUCTS OFFERED
             11.1.10 TATA STEEL LIMITED
                        TABLE 263 TATA STEEL LIMITED: BUSINESS OVERVIEW
                        FIGURE 54 TATA STEEL LIMITED: COMPANY SNAPSHOT
                        TABLE 264 TATA STEEL LIMITED: PRODUCTS OFFERED
             11.1.11 CERAMTEC TOPCO GMBH
                        TABLE 265 CERAMTEC TOPCO GMBH: BUSINESS OVERVIEW
                        FIGURE 55 CERAMTEC TOPCO GMBH: COMPANY SNAPSHOT
             11.1.12 MORGAN ADVANCED MATERIALS
                        TABLE 266 MORGAN ADVANCED MATERIALS: BUSINESS OVERVIEW
                        FIGURE 56 MORGAN ADVANCED MATERIALS: COMPANY SNAPSHOT
                        TABLE 267 MORGAN ADVANCED MATERIALS: PRODUCTS OFFERED
             11.1.13 TENCATE ADVANCED ARMOR
                        TABLE 268 TENCATE ADVANCED ARMOR: BUSINESS OVERVIEW
                        TABLE 269 TENCATE ADVANCED ARMOR: PRODUCTS OFFERED
     11.2 OTHER KEY MARKET PLAYERS 
             11.2.1 PPG INDUSTRIES
                        TABLE 270 PPG INDUSTRIES: COMPANY OVERVIEW
             11.2.2 COORSTEK, INC.
                        TABLE 271 COORSTEK, INC.: COMPANY OVERVIEW
             11.2.3 CERCO CORPORATION
                        TABLE 272 CERCO CORPORATION: COMPANY OVERVIEW
             11.2.4 AGY HOLDING CORP.
                        TABLE 273 AGY HOLDING CORP.: COMPANY OVERVIEW
             11.2.5 SAFARILAND, LLC
                        TABLE 274 SAFARILAND, LLC: COMPANY OVERVIEW
             11.2.6 LEECO STEEL
                        TABLE 275 LEECO STEEL: COMPANY OVERVIEW
             11.2.7 ARMORWORKS ENTERPRISES LLC
                        TABLE 276 ARMORWORKS ENTERPRISES LLC: COMPANY OVERVIEW
             11.2.8 WACO COMPOSITES LTD.
                        TABLE 277 WACO COMPOSITES LTD.: COMPANY OVERVIEW
             11.2.9 AT&F ADVANCED METALS LLC
                        TABLE 278 AT&F ADVANCED METALS LLC: COMPANY OVERVIEW
             11.2.10 PROTECTIVE STRUCTURES, LTD.
                        TABLE 279 PROTECTIVE STRUCTURES, LTD.: COMPANY OVERVIEW
             11.2.11 CPS TECHNOLOGIES, CORP.
                        TABLE 280 CPS TECHNOLOGIES, CORP.: COMPANY OVERVIEW
             11.2.12 JPS COMPOSITES MATERIALS
                        TABLE 281 JPS COMPOSITES MATERIALS: COMPANY OVERVIEW
             11.2.13 SCHUNK CARBON TECHNOLOGY
                        TABLE 282 SCHUNK CARBON TECHNOLOGY: COMPANY OVERVIEW
             11.2.14 SURMET CORPORATION
                        TABLE 283 SURMET CORPORATION: COMPANY OVERVIEW
 
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
12 ADJACENT AND RELATED MARKETS (Page No. - 262)
     12.1 INTRODUCTION 
     12.2 LIMITATIONS 
     12.3 BALLISTIC COMPOSITES MARKET 
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
             12.3.3 BALLISTIC COMPOSITES MARKET, BY REGION
                        12.3.3.1 North America
                                      TABLE 284 NORTH AMERICA: BALLISTIC COMPOSITES MARKET, BY COUNTRY,  2020–2027 (KILOTON)
                                      TABLE 285 NORTH AMERICA: BALLISTIC COMPOSITES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)
                        12.3.3.2 Europe
                                      TABLE 286 EUROPE: BALLISTIC COMPOSITES MARKET, BY COUNTRY, 2020–2027 (KILOTON)
                                      TABLE 287 EUROPE: BALLISTIC COMPOSITES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)
                        12.3.3.3 Asia Pacific
                                      TABLE 288 ASIA PACIFIC: BALLISTIC COMPOSITES MARKET, BY COUNTRY,  2020–2027 (USD MILLION)
                                      TABLE 289 ASIA PACIFIC: BALLISTIC COMPOSITES MARKET, BY COUNTRY,  2020–2027 (KILOTON)
 
13 APPENDIX (Page No. - 266)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

The study involved four major activities in estimating the market size for armor materials. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Primary Research

The armor materials market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the metals & alloys, ceramics, composites, and para-aramid fiber, Ultra-High-Molecular-Weight Polyethylene (UHMWWPE), fiberglass manufacturing industries. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown of Primary Participants

Armor Materials Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2021 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

Company Name

Designation

DuPont de Nemours, Inc.

Global Sales Leader

3M Company

Commercial Director

ATI, Inc.

Technical Sales Manager

Teijin Limited

Chief Commercial Officer

Honeywell International Inc.

Director

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the armor materials market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Armor Materials Market: Bottom-Up Approach

Armor Materials Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Armor Materials Market: Top-Down Approach

Armor Materials Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the armor materials industry.

Market Definition

Armor is a layer or combination of protective layers on military and civilian assets, such as vehicles, individuals, building components, and other objects to protect these from damage inflicted by weapons in a hostile environment and war situations. Armor is made of different materials, such as metals & alloys, ceramics, composites, para-aramid fiber, ultra-high-molecular-weight polyethylene (UHMWPE), and fiberglass.

Key Stake Holders

  • Armor material manufacturers
  • Armor system manufacturers
  • Government planning commissions and research organizations
  • Industry associations
  • End-use industries
  • R&D institutions

Report Objectives

  • To analyze and forecast the size of the armor materials market in terms of volume and value
  • To provide detailed information regarding key factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the market
  • To define, describe, and segment the armor materials market based on material type and application
  • To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Report Code
CH 4001
Published ON
Apr, 2023
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