Global Ballistic Composites Market Outlook (2018 to 2032)

Year Value
2018 131.93
2019 140.86
2020 150.39
2021 160.56
2022 171.42
2023 183.01
2024 195.38
2025 208.59
2026 222.68
2027 237.73
2028 253.79
2029 270.93
2030 289.23
2031 308.76
2032 329.61
  • To Get Uninterrupted Charts Access Please Subscribe
  • Dedicated Client Service Manager
  • Dedicated Analyst Support
  • View access to 2 million data
Global Ballistic Composites Market Outlook (2018 to 2032)

Synopsis
The above chart is Global Ballistic Composites Market Outlook (2018 to 2032)

Market Dynamics

the global ballistic composites market outlook for 2018 to 2032 is one of great potential for large-scale growth and investment. ballistic composites are materials designed to resist penetration from various weapons, such as ballistics, knives, and explosives. the global market for ballistic composites is witnessing a burgeoning growth rate due to their high energy absorption capacity, improved light weight, and superior ballistic protection. the increasing prevalence of terrorist activities is driving the demand for bulletproof vests and helmets, which drives the growth of the ballistic composites market. the ballistic composites market is divided into several categories, such as fibers, high modulus carbon ffp fibers, composites, non-woven fabrics, rigid, semi-rigid, and soft composite inserts. each of these categories exhibits different properties and offer varied capabilities and applications in the defense and security industry. also, manufacturers in this market are offering customized products to meet varying demands of this segment. the aerospace and military sectors have emerged as one of the major users of ballistic composites due to the need to protect the lives of soldiers. governmental bodies have increased their investments in the defense and aerospace sectors to deploy defensive materials with superior capabilities. this has subsequently increased the demand for ballistic composites from the aerospace and defence sector. in addition, the law enforcement and corrections sector is driving the demand for ballistic materials due to its growing need for enhanced protection. the medical sector is expected to show significant growth in the global ballistic composites market outlook due to its high demand for bullet-proof vests during response to riot or mass shootings. similarly, the protective clothing sector is anticipated to show healthy growth prospects over the forecast period owing to the increased demand for lightweight kevlar fabrics from the law enforcement sector. moreover, the increased demand for defensive materials in the automotive sector to protect the passengers from external threats has boosted the demand for ballistic composites. the key vendors in the global ballistic composites market outlook are dyneema, teijin aramid, dsm, dowdupont, kraton polymers, hyosung, bgf industries, solvay, and toray industries. various market strategies are being adopted by vendors to increase their foothold within the market. for instance, teijin aramid has ventured into the development of bulletproof fabric and ballistic protection fibers to gain a stronger foothold in the market. overall, the global ballistic composites market outlook provides an attractive platform for stakeholders to invest in this sector to capitalize on its growth prospects. the demand for ballistic composites is expected to expand significantly due to the multitude of applications related to defense, security, automotive, and medical sectors.

Further Content:You might find this interesting as well

Industries List

OTHER STATISTICS ON THE TOPIC

No Simillar Charts
SINGLE SEAT SOLUTIONS FOR INDIVIDUALS AND SMALL BUSINESSES
Efficient research: Relevant data available at a click

Starter Account

$49 USD/month

* Billed Annually

  • Download XLS, PNG & PPT
  • View Access to 1 Million Data
  • View Access to Entire Platform

Single User Account

$599 USD/month

* Billed Annually

  • Dedicated Client Service Manager
  • Download XLS, PNG & PPT
  • View access to 2 million data
  • View Access to Entire Platform

Business Account

$899 USD/month

* Billed Annually

  • Dedicated Client Service Manager
  • Dedicated Analyst Support
  • Suggestive request box to accommodate new markets during subscription period
  • Access to the entire data & statistics with download rights for up to 10000 Premium statistics per 12 months without publication rights
  • View Access to Entire Platform
CONTACT

Closebutton

Stay Ahead with Exclusive Data!

Subscribe Now to Access Our Market Research Platform,and Charts
for B2B and B2C Industries. Empower Your Business with Insights