Para-aramid fiber, metal and alloy, ultra-high-molecular-weight polyethylene, ceramic and composite,  and other such materials that are used to make armor for impact neutralizing, forms the armor material market. The armor material is used in the manufacturing of aircraft, body armor, civil armor, marine armor and vehicle armor.

The global armor material market is escalating to generate nearly $xx million by the year 2027. In terms of revenue, the market is leveraging at xx% of CAGR over the coming years (2019-2027). The market is analyzed by considering 2018 as the base year.

The main driver for the market is the rising security concerns. Various developed and developing countries are considering measures to protect themselves from external as well as internal threats. Therefore, there is a rise in the number of soldiers. Some countries are in the state of war, and some are planning for any adverse event. Developing perfect armors to protect the soldiers life during any mission is a goal of any military organizations. The armor should be strong enough to bear the impact of bullets yet light enough to not affect maneuverability of the soldier. In addition, armored vehicles are used by military and law enforcement agencies. Hence military organizations are investing in strong, lightweight armors. As the material is the most important element in the armor, the market will show rising trends during the forecast period.

Para-aramid fibers are an optimal option for protection and reinforcement applications due to their high tensile strength, flexibility, lightweight properties, high heat resistance and high tenacity among other characteristics. Their demand in the field of ballistic protection is increasing because of their physical properties of being resistive to bullets, shrapnel and bomb fragments, stabbing, etc. They are widely used in applications for body armor, where their primary use is to make bullet-proof jackets. Increasing use of body armor in law enforcement is acknowledged as critical to the safety of an officer. Nearly all law enforcement organizations around the globe have established regulations mandating the use of duty-line body armors.

Globally, the market growth is restrained by the high manufacturing cost of the defense products. The cost of production of defense armor goods, such as body armor, armored vehicles, weapons, and others, remains high, due to the high costs of raw material. The raw materials used in the production of armor products include ceramics, ultra-high-molecular-weight polyethylene, para-aramid fibers, metals and alloys, etc. Some of these raw materials are expensive, whereas the prices of other raw materials, like aluminum, steel, etc., is increasing constantly. The average cost of para-aramid fibers and ultra-high-molecular-weight polyethylene is about USD 40-45 per kilogram, and USD 50-60 per kilogram, respectively. Such high cost of these materials further adds to the cost of armor products, which is restricting the demand for armors materials.

The report on global armor material market includes segmentation based on type, application and region.

Market by Type

• Metal and alloy
• Ceramic and composite
• Para-aramid fiber
• Ultra-high-molecular-weight polyethylene
• Other types

Market by Application

• Aerospace
• Body armor
• Civil armor
• Marine armor
• Vehicle armor

Geographically, the global armor material market has been segmented on the basis of four major regions, which includes:

• North America: the United States & Canada
• Europe: United Kingdom, Germany, France, Spain, Italy & Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea & Rest of Asia Pacific
• Rest of World: Latin America, Middle East & Africa

The United States is the largest military spending nation with an expenditure of about $649 billion in 2018. It is also world’s largest arms exporter, increasing its sales by over 25% between 2013-2017. It supplied arms to around 98 states worldwide, and its exports accounted for more than one-third of the global exports. On the other hand, China is the top investor in armored vehicles in the Asia-Pacific region, with spending of over USD 70 billion in the past ten years. Apart from developing its domestic design and production capabilities, the country is also emphasizing on exporting armored vehicles to South America and Africa.

The global armor material market is segmented into type and application. The type market is sub-segmented into ultra-high-molecular-weight polyethylene, ceramic and composite, metal and alloy, para-aramid fiber and other types. The application market is sub-segmented into body armor, vehicle armor, civil armor, aerospace and marine armor.

The major players operating in the global armor material market are:

• Dow DuPont Incorporation
• 3M
• Schunk GmbH
• Teijin Aramid BV
• Morgan Advanced Materials
• Others

Company profiles cover analysis of important players. These companies are using a number of strategies for growth & their position in the market. For instance, in August 2019, 3M made a deal with Avon Rubber to buy 3M’s advanced ballistic-protection business. In April 2017, Tata Motors signed contract with Indian Armed Forces to supply 3192 units of Tata Safari Storme. In July 2018, PPG signed a contract to supply windshields and cockpit side windows to Dassault Aviation for the new Falcon 6X.