Global ballistic protection material market, 2024-2030

Ballistic protection materials are the protective apparel having high strength, low flammability, offering the protection against the bullets, mortars, glass materials, mines, explosive chemicals and other hazardous materials. These materials used to protect the soldiers, law enforcement forces, and vehicles from bullets. Ballistic protection includes the various application, vests& jackets, shields ,armors, gloves & shoes ,helmets, and structural reinforcement for vehicles. The material woven, knitted or nonwoven fabrics, laminates, and composites are used to prepare ballistic protective apparel. For the preparation of ballistic protection aramid fiber composites, glass fiber composites, carbon fiber composites, ceramic, metal, are used as key raw material.

The global ballistic protection material market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global ballistic protection material market is growing at a fast pace and increasing its geographical footprint rapidly. The global ballistic protection material market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The growth is comparatively higher in Asia Pacific region due to most of the country faces increasing terrorism movements and tensions between the countries. The major growth driver for global ballistic protection material market globally is the increasing defense budget of the countries to ensure strongest securities and safety of their citizen, police and soldiers.

Ballistic protection material enjoys wide usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. These regions serve large number of manufacturers and are hence responsible for the growth of ballistic protection material market globally. The companies that lead global ballistic protection material market are DuPont, Teijin Limited, etc.

Research Methodology

The research process includes the market segmentation of the global ballistic protection material market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global ballistic protection material market industry experts from across the global industry. Market Krystal conducts more than 30 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global ballistic protection material industry dynamics
• Estimation of the present global ballistic protection material market size in terms of value and volume
• Global ballistic protection material market breakup based on type and application
• Substantiated global ballistic protection material market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global ballistic protection material industry value chain

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