Summary

The global armor materials market, valued at USD 12.28 billion in 2023, is poised for significant growth, with a projected compound annual growth rate (CAGR) of 6.80% from 2024 to 2032. The market is expected to reach a substantial value of USD 22.20 billion by 2032. Armor materials are critical in providing protection against various threats, including projectiles, hazardous environments, and potentially dangerous human activities. Traditionally crafted from robust materials such as titanium, steel, and ceramics, armor has evolved with modern technology to include lightweight, high-strength materials suitable for the demands of advanced warfare.
The modern armor materials market is characterized by materials engineered with regulated micro-structures, ensuring enhanced durability and efficiency while maintaining low weight for high hardness. These innovations allow for design flexibility and the ability to neutralize high-velocity projectiles in combat scenarios. The intrinsic properties of armor materials, such as durability, toughness, and repairability, are pivotal in their application across different domains, including military and civil defense. Also, the market growth is significantly driven by escalating concerns over national security and safety, particularly due to increasing geopolitical tensions and territorial disputes. The need for advanced protective equipment, especially in nations with ongoing or potential conflicts, has surged, propelling the demand for high-performance armor materials. Additionally, internal security concerns have led to heightened requirements for armor materials in various protective equipment. However, the market faces challenges due to the fluctuating costs of raw materials, which impact the overall production costs of armor materials. This price volatility can dampen demand, especially in cost-sensitive markets. Despite these challenges, the market presents substantial opportunities, particularly with increasing investments in military modernization programs. These programs are aimed at enhancing military capabilities, driving innovation in security equipment, and improving functionality, service life, and cost-efficiency.
Regionally, North America, with its advanced defense infrastructure and significant military expenditure, remains a dominant force in the armor materials market. However, emerging markets in Asia-Pacific are expected to witness rapid growth, driven by increased defense spending and modernization efforts in response to regional security concerns.
Major market players included in this report are:
3M
Allegheny Technologies Incorporated
AGY Holding Corp.
CeramTec GmbH
CoorsTek Inc.
Compagnie de Saint-Gobain SA
DSM NV
Honeywell International Inc.
E. I. Du Pont De Nemours and Company
Morgan Advanced Materials
Royal TenCate NV
PPG Industries Inc.
Saab AB
Tata Steel Limited
Saint-Gobain SA
The detailed segments and sub-segment of the market are explained below:
By Material Type:
• Metals & Alloys
• Composites
• Para-Aramid Fiber
• UHMWPE
• Fiberglass
• Others
By Application:
• Vehicle Armor
• Aerospace Armor
• Body Armor
• Civil Armor
• Marine Armor
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
Latin America
• Brazil
• Mexico
• RoLA
Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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Table of Contents

Chapter 1. Global Armor Materials Market Executive Summary
1.1. Global Armor Materials Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Material Type
1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Armor Materials Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Armor Materials Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Concerns about Safety Among Countries
3.1.2. Growing Geopolitical Tensions
3.1.3. Escalating Territorial Disputes
3.2. Market Challenges
3.2.1. Fluctuating Cost of Materials
3.2.2. High Production Costs
3.3. Market Opportunities
3.3.1. Increasing Investment in Military Modernization Programs
3.3.2. Advancements in Security Equipment
3.3.3. Demand in Emerging Economies

Chapter 4. Global Armor Materials Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Armor Materials Market Size & Forecasts by Material Type 2022-2032
5.1. Segment Dashboard
5.2. Global Armor Materials Market: Material Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Metals & Alloys
5.2.2. Composites
5.2.3. Para-Aramid Fiber
5.2.4. UHMWPE
5.2.5. Fiberglass
5.2.6. Others

Chapter 6. Global Armor Materials Market Size & Forecasts by Application 2022-2032
6.1. Segment Dashboard
6.2. Global Armor Materials Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Vehicle Armor
6.2.2. Aerospace Armor
6.2.3. Body Armor
6.2.4. Civil Armor
6.2.5. Marine Armor

Chapter 7. Global Armor Materials Market Size & Forecasts by Region 2022-2032
7.1. North America Armor Materials Market
7.1.1. U.S. Armor Materials Market
7.1.1.1. Material Type breakdown size & forecasts, 2022-2032
7.1.1.2. Application breakdown size & forecasts, 2022-2032
7.1.2. Canada Armor Materials Market
7.2. Europe Armor Materials Market
7.2.1. U.K. Armor Materials Market
7.2.2. Germany Armor Materials Market
7.2.3. France Armor Materials Market
7.2.4. Spain Armor Materials Market
7.2.5. Italy Armor Materials Market
7.2.6. Rest of Europe Armor Materials Market
7.3. Asia-Pacific Armor Materials Market
7.3.1. China Armor Materials Market
7.3.2. India Armor Materials Market
7.3.3. Japan Armor Materials Market
7.3.4. Australia Armor Materials Market
7.3.5. South Korea Armor Materials Market
7.3.6. Rest of Asia Pacific Armor Materials Market
7.4. Latin America Armor Materials Market
7.4.1. Brazil Armor Materials Market
7.4.2. Mexico Armor Materials Market
7.4.3. Rest of Latin America Armor Materials Market
7.5. Middle East & Africa Armor Materials Market
7.5.1. Saudi Arabia Armor Materials Market
7.5.2. South Africa Armor Materials Market
7.5.3. Rest of Middle East & Africa Armor Materials Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. 3M
8.1.2. Allegheny Technologies Incorporated
8.1.3. AGY Holding Corp.
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. 3M
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Market Strategies
8.3.2. Allegheny Technologies Incorporated
8.3.3. AGY Holding Corp.
8.3.4. CeramTec GmbH
8.3.5. CoorsTek Inc.
8.3.6. Compagnie de Saint-Gobain SA
8.3.7. DSM NV
8.3.8. Honeywell International Inc.
8.3.9. E. I. Du Pont De Nemours and Company
8.3.10. Morgan Advanced Materials
8.3.11. Royal TenCate NV
8.3.12. PPG Industries Inc.
8.3.13. Saab AB
8.3.14. Tata Steel Limited
8.3.15. Saint-Gobain SA

Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes