Global Armor Materials Market
Armor Materials Market Size And Forecast
According to Verified Market Research, the Global Armor Materials Market was valued at USD 9.78 Billion in 2018 and is projected to reach USD 16.86 Billion by 2026, growing at a CAGR of 7.01% from 2019 to 2026.
Global Armor Materials Market Outlook
The rising security concerns in emerging economies and the growing investment in the security system and defense is likely to boost the demand for the body armor. Furthermore, the growing demand for the vehicle, aircraft, and marine protection coupled with the rise in the spending on improving vehicle performance and aircraft security is a major factor that is fueling the growth of the market over the forecast period. However, the high production cost is a major factor that is likely to hinder the growth of the market. Moreover, the increasing threats of terrorist attacks owing to the rising political instability are escalating the need for an effective solution for improved security systems. This, in turn, is anticipated to propel the growth of the market over the forecast period.
Global Armor Materials Market Competitive Landscape
The Global Armor Materials Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as E. I. Du Pont De Nemours and Company, DSM NV, Honeywell International Inc, Compagnie de Saint-Gobain SA, Allegheny Technologies Incorporated, 3M Ceradyne Inc., Alcoa Corporation, Royal TenCate NV, Saab AB, and CoorsTek Inc.
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