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Ballistic Composites Market Share

Report ID: GMI6403
Published Date: Aug 2023
Report Format: PDF

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Ballistic Composites Market Share

Some of the major market players operating in the Ballistic composites market are;

Honeywell International Inc
Teijin Limited
BAE Systems plc
DuPont de Nemours Inc
DSM Dyneema
Morgan Advanced Materials plc
3M Company
Saint-Gobain Performance Plastics Corporation
Koninklijke Ten Cate BV
Gurit Holding AG
MKU Limited
Barrday Inc
TPI Composites, Inc
ArmorSource LLC
Revision Military

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for ballistic composites was valued at around USD 1.8 billion in 2022 and is estimated to reach USD 3.7 billion by the end of 2032, on account of the rise in security threats, terrorism, and armed conflicts.

Polymer Matrix Composite held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace by 2032. PMCs offer a lightweight alternative to traditional materials, allowing for enhanced mobility and reduced fatigue for personnel wearing protective gear.

U.S. ballistic composites value was USD 0.43 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 as the nation continues to invest in defense modernization programs, leading to a demand for advanced ballistic protection solutions for military personnel and equipment.

DSM Dyneema, Morgan Advanced Materials plc, 3M Company, Saint-Gobain Performance Plastics Corporation, Koninklijke Ten Cate BV, Gurit Holding AG, MKU Limited, Barrday Inc., TPI Composites, Inc., ArmorSource LLC, Revision Military among others.