With Market Size Valued at $2.2 Billion by 2026, it`s a Healthy Outlook for the Global Ballistic Composites Market

SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Ballistic Composites - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 9; Released: January 2022
Executive Pool: 5218
Companies: 22 - Players covered include BAE Systems PLC; Barrday Corporation; DowDuPont, Inc.; FY-Composites Oy; Gaffco Ballistics Inc.; Gurit Holding AG; Honeywell International, Inc.; Koninklijke DSM NV; M Cubed Technologies, Inc.; MKU Limited; Morgan Advanced Materials PLC; PRF Composite Materials Ltd.; Royal Ten Cate NV; Southern States LLC.; Teijin Aramid and Others.
Coverage: All major geographies and key segments
Segments: Application (Vehicle Armor, Body Armor, Helmet & Face Protection, Other Applications); Fiber Type (Aramid Fibers, UHMPE, Glass, Other Fiber Types); Matrix Type (Polymer Matrix, Polymer-Ceramic, Metal Matrix)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Ballistic Composites Market to Reach $2.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Ballistic Composites estimated at US$1.5 Billion, is projected to reach a revised size of US$2.2 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. Aramid Fibers, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$1.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the UHMPE segment is readjusted to a revised 5.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $440.6 Million in 2021, While China is Forecast to Reach $451.1 Million by 2026
The Ballistic Composites market in the U.S. is estimated at US$440.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$451.1 Million by the year 2026 trailing a CAGR of 9.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Glass Segment to Reach US$310.8 Million by the year 2026
In the global Glass segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$170.6 Million will reach a projected size of US$236.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.