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Ballistic Protection Materials & Equipment Market Is Booming Worldwide | Top Key Players - Teijin Limited, DuPont, Honeywell International Inc., Armorsource Llc, Texas Armoring Corp, DSM

Author : Ravi Chawat | Published Date : 2020-08-28 

The global ballistic protection materials and equipment market has accumulated hefty returns over the years on account of rising terrorism, political instability, cross-border tension, and consequent security concerns. The world today has become a complex theatre of threats, driving the nations to equip their armed forces with the latest and the finest instruments, widening the defense budgets of both developed and emerging nations.

Extensive use of ballistic materials to develop protective gears

These materials are extensively used in the manufacturing of various other ballistic protection equipment that includes ballistic panels, helmets, shields, protective vests, and jackets, gloves, and shoes. Protective vests and jackets are personal armors that protect from fired projectiles, bullets, shrapnel from explosion, and many others.

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Protective vests hold the largest share of ballistic protection materials and equipment market due to the rising demand from defense and law enforcement and homeland security applications. However, strict policies against VOC emission across several industries established by International and national regulatory bodies will pose as a slight threat to the industry growth rate in the coming times.

High defense budget in developed countries

North America, followed by Europe, holds the largest share of global ballistic protection materials and equipment demand and sales. In the year 2018, North America ballistic protection materials and equipment market was valued at nearly USD 600 million.

Ballistic protection materials find extensive use in defense and law enforcement, commercial field, homeland security as well as in-home and office walls, trains, and many others. Defense and law enforcement, however, holds the largest contribution to the industry share.

In order to address the rising incidences of terrorism as well as the Naxalite movement, governments across the globe are resorting to advanced ballistic protection measures for their security forces. Reports estimate that by the end of 2025, ballistic protection materials and equipment market is likely to cross USD 2.4 billion in total valuation.

Wide use of aramid in ballistic protection materials

Several different types of materials are used in ballistic protection such as aramid, carbon fiber composites, glass fiber and thermoplastic, ceramic, carbon fiber composites, jute, metal, and wool. Aramid is adopted by the market players that are involved in the ballistic protection materials and equipment market due to their superior properties like low flammability and high strength.

Nomex, Kevlar, Twaron are some of the most popular brands used by the industry players that are engaged in the manufacturing of ballistic protection equipment globally.

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Initiatives undertaken towards product innovation

The competitive landscape of the market is characterized by a wide presence of distinguished contenders such as Toyobo, Homeland Security Group Intl, Protech Solutions, Inc., Waco Composites, Evolution Armor, and DuPont among various others. These industry majors primarily depend on growth strategies like capacity enhancement, geographical expansion, innovation, portfolio augmentation, collaborations, and M&A to expand their global footprint and customer base.

In September 2017, American firm- DuPont announced the investment of USD 500 million to expand the production capacity of Kevlar that is used in military body armor.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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