Summary

The vehicle armor materials market is projected to reach USD 9.3 billion by 2029, at a CAGR of 6.7% from USD 6.7 billion in 2024. The vehicle armor materials market is experiencing rapid expansion, driven by a combination of factors that reflect both the evolving nature of global security threats and technological advancements in material science. This growth is underpinned by increasing demand from military, law enforcement, and civilian sectors for vehicles that offer enhanced protection without compromising on performance or mobility. Firstly, the global landscape of security threats is continuously changing, with armed conflicts, terrorism, and urban violence presenting complex challenges. This unpredictable environment has necessitated the development of armored vehicles capable of providing superior protection against a wide array of threats, from high-velocity projectiles to explosive devices. As a result, defense forces and security agencies worldwide are investing significantly in upgrading their fleets with the latest armor technologies, fueling market growth. Secondly, technological advancements in materials science have led to the development of innovative armor materials that offer improved ballistic resistance while being lighter and more durable. Composite armors, incorporating ceramics, ultra-high molecular weight polyethylene (UHMWPE), and advanced metallic alloys, are at the forefront of these developments. These materials not only provide superior protection but also contribute to the overall vehicle performance by reducing weight, thereby enhancing fuel efficiency and speed. Additionally, the civilian sector's interest in personal security has spurred demand for armored passenger vehicles, further broadening the market's scope. This demand is particularly pronounced in regions with high crime rates or political instability, where the safety of individuals and corporate assets is a paramount concern. Regulatory factors also play a significant role in the market's expansion. Governments and international bodies are implementing stringent safety standards and regulations, pushing manufacturers to adopt the latest armor technologies and materials to comply with these requirements. This regulatory pressure ensures a continuous cycle of innovation and adoption within the industry. Lastly, the market is witnessing increased collaboration between vehicle manufacturers, material scientists, and defense contractors. These partnerships aim to integrate armor solutions during the vehicle design phase, leading to the development of platforms that are optimized for protection, performance, and cost-effectiveness from the ground up.

“Composites, by type, accounts for the second-largest market share in 2024.”
Composites represent the second largest material type in the vehicle armor materials market, standing out as a pivotal component due to their unique blend of properties that traditional materials like metals cannot match. This category has gained prominence for several reasons, which are integral to understanding its position and role in the market. The core advantage of composite materials lies in their exceptional strength-to-weight ratio. Composites can provide similar or superior levels of ballistic protection as metals while significantly reducing the overall weight of the armor. This reduction in weight is crucial for vehicle performance, allowing for greater mobility, increased payload capacity, and improved fuel efficiency — factors that are especially important in military operations where agility and endurance are paramount. Another key feature of composites is their versatility in protection capabilities. By adjusting the composition and layering of materials, manufacturers can tailor armor solutions to protect against a wide range of threats, from small arms fire to explosive devices. This customization enables the development of specialized armor systems for different operational requirements, enhancing the versatility and applicability of armored vehicles across various scenarios. Technological advancements have also propelled composites to the forefront of the vehicle armor materials market. Innovations in material science and manufacturing processes have led to the development of new composite materials that offer improved ballistic resistance, durability, and environmental resistance. These advancements not only enhance the protective capabilities of composites but also contribute to cost efficiency over the armor's lifecycle, considering factors like maintenance, repair, and replacement. Furthermore, the integration of composites in vehicle armor aligns with the growing emphasis on survivability and crew protection as primary design considerations. Composites can be engineered to absorb and disperse the energy from impacts and blasts more effectively than traditional materials, reducing the risk of injury to occupants and ensuring the structural integrity of the vehicle in combat situations. The environmental impact of materials used in vehicle armor is increasingly becoming a concern, and here too, composites offer benefits. They are often more environmentally friendly to produce and dispose of than traditional armor materials, aligning with global efforts to reduce the environmental footprint of defense and security operations.

“Defense is expected to be the fastest growing at CAGR 6.9% for vehicle armor materials market during the forecast period, in terms of value.”
The defense sector's position as the fastest-growing segment in the vehicle armor materials market is fundamentally linked to the evolving nature of global security challenges and the progressive adaptation of military requirements. This growth is fueled by several interconnected factors that underscore the sector's pressing need for advanced protective solutions. Firstly, the modern battlefield is characterized by an ever-changing threat landscape, where adversaries deploy a variety of tactics and increasingly sophisticated weaponry. The imperative to safeguard military personnel and assets against a broad spectrum of threats, ranging from conventional ballistic attacks to improvised explosive devices (IEDs) and advanced anti-armor systems, drives the demand for innovative armor materials. These materials must offer not only enhanced ballistic protection but also reduced weight to improve vehicle mobility and fuel efficiency, which are critical in combat scenarios. Technological advancements in material science significantly contribute to the sector's growth. The development of new composite materials, advanced ceramics, and ultra-high-strength alloys has led to the creation of armor that combines superior protective capabilities with significant weight reductions. This dual benefit directly addresses the military's operational needs for vehicles that can swiftly maneuver in diverse terrains while ensuring the highest levels of protection. Such innovations also extend the service life of armored vehicles, offering better resistance to wear and environmental conditions, which is crucial for maintaining operational readiness. Another pivotal factor is the increase in defense budgets globally, with a considerable portion earmarked for the modernization and procurement of military vehicles. This financial backing facilitates the adoption of cutting-edge armor technologies, reflecting a widespread commitment to enhancing force survivability. Governments and defense departments recognize the strategic value of investing in advanced armor solutions as part of broader efforts to maintain a qualitative edge in military capabilities. Furthermore, there is an acute focus on personnel safety within the defense sector. The enhanced protection provided by advanced armor materials directly contributes to reducing casualties and injuries in conflict situations. This emphasis on survivability has catalyzed the integration of sophisticated armor systems into a wide range of military vehicles, from front-line combat platforms to support and logistics vehicles, ensuring comprehensive protection for troops across all operational contexts. Additionally, the demand for multi-mission capabilities in military operations necessitates vehicles that are adaptable and can be quickly reconfigured with different armor packages to meet the requirements of specific missions, whether in urban combat, reconnaissance, or peacekeeping roles. The defense sector's need for modular and scalable armor solutions underscores the importance of versatility in vehicle design and protection, driving continuous innovation in the vehicle armor materials market. Lastly, regulatory and standardization efforts by military organizations and international defense standards bodies play a crucial role in shaping the market. These entities regularly update protection requirements, pushing manufacturers to continuously refine and enhance their armor offerings to comply with the latest standards. This ensures that military vehicles are equipped with the most effective and up-to-date protective technologies, ready to face current and future threats on the battlefield.
“Based on region, Europe was the second largest market for vehicle armor materials market in 2024.”
Europe holds the position of the second largest market for vehicle armor materials, a status underpinned by several key factors that reflect the region's unique geopolitical, economic, and technological landscape. Firstly, Europe's complex security environment, marked by evolving threats both within and at the borders of the continent, necessitates advanced protective solutions for military and civilian vehicles alike. This need is accentuated by ongoing tensions in various regions, the rise in terrorism, and the need for peacekeeping and humanitarian missions, driving demand for armored vehicles equipped with the latest material innovations. Moreover, Europe boasts a robust industrial base with some of the world's leading defense contractors and material science companies. This industrial ecosystem fosters significant research and development activities, leading to technological advancements in armor materials that cater to the stringent requirements of both European and global defense markets. European companies are at the forefront of developing innovative composite materials, ceramics, and lightweight alloys, contributing to the global supply chain of advanced armor solutions. The region's commitment to regulatory standards and collaborative defense initiatives also plays a crucial role. European countries, through frameworks like the European Defence Agency (EDA), actively pursue standardization and interoperability in defense procurement, including vehicle armor. This encourages harmonization in defense spending and fosters a market environment conducive to innovation and cross-border collaboration. Economic factors, including sustained defense spending among European NATO members committed to meeting their defense investment pledges, further stimulate the vehicle armor materials market. These investments are directed towards modernizing military fleets, enhancing national and collective defense capabilities, and ensuring the safety of military personnel, all of which require the latest in vehicle armor technology. Lastly, the civilian sector in Europe contributes to the demand for armored vehicles, driven by concerns over personal security and the protection of assets in regions with high rates of crime or political instability. This civilian market segment, although smaller than the military sector, underscores the diverse applications of vehicle armor materials and the broad spectrum of protection needs across the continent.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees is as follows:
• By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
• By Designation: C-Level - 20%, Director Level - 10%, and Others - 70%
• By Region: North America - 20%, Europe -30%, Asia Pacific - 30%, Middle East & Africa - 10%, and South America-10%
The key players in this market are DuPont De Nemours, Inc. US), Saint-Gobain SA (France), ATI, Inc. (US), Honeywell international Inc. (US), Teijin Limited (Japan), Alcoa Corporation (US), Tata Steel Limited (India), Ceramtec (Germany), SSAB AB (Sweden), Morgan Advanced Materials (UK) etc.
Research Coverage
This report segments the market for the vehicle armor materials market on the basis of type, application, form, end-use industry and region. It provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for the vehicle armor materials market.
Key benefits of buying this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the vehicle armor materials market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers: Technological advancements in the electronics industry coupled with rise in demand for hydrogen peroxide in the semiconductor industry.
• Market Penetration: Comprehensive information on the vehicle armor materials market offered by top players in the global vehicle armor materials market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the vehicle armor materials market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for the vehicle armor materials market across regions.
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global vehicle armor materials market.
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the vehicle armor materials market.

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Table of Contents

1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.3 INCLUSIONS & EXCLUSIONS 31
1.4 MARKET SCOPE 31
FIGURE 1 VEHICLE ARMOR MATERIALS MARKET SEGMENTATION 31
1.4.1 REGIONS COVERED 32
1.4.2 YEARS CONSIDERED 32
1.5 CURRENCY CONSIDERED 33
1.6 UNITS CONSIDERED 33
1.7 LIMITATIONS 33
1.8 STAKEHOLDERS 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 2 VEHICLE ARMOR MATERIALS MARKET: RESEARCH DESIGN 34
2.1.1 SECONDARY DATA 35
2.1.1.1 Key data from secondary sources 35
2.1.2 PRIMARY DATA 35
2.1.2.1 Primary data sources 36
2.1.2.2 Key vehicle armor material manufacturers 36
2.1.2.3 Breakdown of interviews with experts 37
2.1.2.4 Key industry insights 37
2.2 BASE NUMBER CALCULATION 38
2.2.1 APPROACH 1: SUPPLY-SIDE ANALYSIS 38
2.2.2 APPROACH 2: DEMAND-SIDE ANALYSIS 38
2.3 FORECAST NUMBER CALCULATION 38
2.3.1 SUPPLY SIDE 38
2.3.2 DEMAND SIDE 39
2.4 MARKET SIZE ESTIMATION 39
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS 39
2.4.1 BOTTOM-UP APPROACH 40
2.4.2 TOP-DOWN APPROACH 40
2.5 DATA TRIANGULATION 41
FIGURE 4 VEHICLE ARMOR MATERIALS MARKET: DATA TRIANGULATION 41
2.6 ASSUMPTIONS 42
2.7 RECESSION IMPACT 42
2.8 GROWTH FORECAST 43
2.9 RISK ASSESSMENT 43
3 EXECUTIVE SUMMARY 44
FIGURE 5 METALS & ALLOYS SEGMENT TO DOMINATE MARKET BETWEEN 2024 AND 2029 45
FIGURE 6 DEFENSE APPLICATION TO LEAD MARKET BETWEEN 2024 AND 2029 46
FIGURE 7 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD 47
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VEHICLE ARMOR MATERIALS MARKET 48
FIGURE 8 GROWING DEMAND FROM DEFENSE AND PARAMILITARY SECTORS TO DRIVE MARKET 48
4.2 VEHICLE ARMOR MATERIALS MARKET, BY TYPE 49
FIGURE 9 METALS & ALLOYS TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 49
4.3 VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY 49
FIGURE 10 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 51
FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN VEHICLE ARMOR MATERIALS MARKET 51
5.2.1 DRIVERS 51
5.2.1.1 Military modernization programs in developed economies 51
5.2.1.2 Growing security concern for commercial vehicles 52
5.2.1.3 Growing urban warfare and asymmetric threat 53
5.2.2 RESTRAINTS 53
5.2.2.1 Stringent regulatory framework 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Developments in defense & military sector 53
5.2.3.2 Need for customized armored vehicles 54
5.2.3.3 Changing battlefield scenario 55
5.2.4 CHALLENGES 55
5.2.4.1 High cost of lightweight armor materials 55
5.3 PORTER'S FIVE FORCES ANALYSIS 56
TABLE 1 VEHICLE ARMOR MATERIALS MARKET: PORTER'S FIVE FORCES ANALYSIS 56
5.3.1 THREAT OF SUBSTITUTES 56
5.3.2 THREAT OF NEW ENTRANTS 56
5.3.3 BARGAINING POWER OF SUPPLIERS 57
5.3.4 BARGAINING POWER OF BUYERS 57
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 57
FIGURE 12 PORTER'S FIVE FORCES ANALYSIS: VEHICLE ARMOR MATERIALS MARKET 58

5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 58
5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR VEHICLE ARMOR MATERIAL MANUFACTURERS 58
FIGURE 13 REVENUE SHIFT AND NEW REVENUE POCKETS IN VEHICLE ARMOR MATERIALS MARKET 59
5.5 ECOSYSTEM MAP 59
TABLE 2 VEHICLE ARMOR MATERIALS MARKET: ROLE IN ECOSYSTEM 59
5.6 TARIFF AND REGULATORY LANDSCAPE 60
5.6.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 60
TABLE 3 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 60
TABLE 4 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 61
TABLE 5 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 61
TABLE 6 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
TABLE 7 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
5.6.2 REGULATIONS RELATED TO VEHICLE ARMOR MATERIALS MARKET 62
TABLE 8 LIST OF REGULATIONS FOR VEHICLE ARMOR MATERIALS MARKET 62
5.7 VALUE CHAIN ANALYSIS 63
FIGURE 14 VEHICLE ARMOR MATERIALS MARKET: VALUE CHAIN ANALYSIS 64
5.7.1 RAW MATERIAL SUPPLIERS 64
5.7.2 RESEARCH AND DEVELOPMENT 64
5.7.2.1 Material processing and development 64
5.7.2.2 Design and engineering 64
5.7.3 APPLICATION/FORMULATORS 65
5.7.3.1 Manufacturing and production 65
5.7.3.2 Testing and certification 65
5.7.3.3 Distribution, integration, and installation 65
5.7.3.4 Aftermarket support and services 65
5.7.4 END USERS 65
5.8 INVESTMENT AND FUNDING 66
FIGURE 15 INVESTMENT AND FUNDING SCENARIO: VEHICLE ARMOR MATERIALS MARKET 66
5.9 TECHNOLOGY ANALYSIS 66
TABLE 9 TECHNOLOGIES USED IN VEHICLE ARMOR MATERIALS MARKET 66
5.10 PRICING ANALYSIS 67
5.10.1 AVERAGE SELLING PRICE TREND, BY REGION 67
TABLE 10 AVERAGE SELLING PRICE, BY REGION, 2020–2029 (USD/KG) 67
FIGURE 16 VEHICLE ARMOR MATERIALS MARKET: AVERAGE SELLING PRICE TREND, BY REGION 68
5.10.2 AVERAGE SELLING PRICE, BY TYPE 68
TABLE 11 AVERAGE SELLING PRICE, BY TYPE, 2020–2029 (USD/KG) 68
5.10.3 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP THREE TYPES 68
TABLE 12 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TYPE, (USD/KG) 68
FIGURE 17 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP THREE TYPES 69
5.11 PATENT ANALYSIS 69
5.11.1 METHODOLOGY 69
5.11.2 PATENTS GRANTED WORLDWIDE, 2014–2024 69
TABLE 13 VEHICLE ARMOR MATERIALS MARKET: TOTAL NUMBER OF PATENTS 70
5.11.3 PATENT PUBLICATION TRENDS 70
FIGURE 18 NUMBER OF PATENTS GRANTED (2014−2023) 70
5.11.4 INSIGHTS 70
5.11.5 LEGAL STATUS OF PATENTS 71
FIGURE 19 VEHICLE ARMOR MATERIALS MARKET: LEGAL STATUS OF PATENTS 71
5.11.6 JURISDICTION ANALYSIS 71
FIGURE 20 PATENTS ANALYSIS FOR VEHICLE ARMOR MATERIALS, BY JURISDICTION (2014−2023) 71
5.11.7 TOP COMPANIES/APPLICANTS 72
FIGURE 21 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS IN LAST 10 YEARS 72
TABLE 14 LIST OF MAJOR PATENT OWNERS FOR VEHICLE ARMOR MATERIALS 72
5.11.8 LIST OF MAJOR PATENTS 73
TABLE 15 MAJOR PATENTS FOR VEHICLE ARMOR MATERIALS 73
5.12 TRADE ANALYSIS 74
5.12.1 IMPORT SCENARIO 74
FIGURE 22 IMPORT OF VEHICLE ARMOR MATERIALS, BY COUNTRY, 2019–2022 (USD MILLION) 74
5.12.2 EXPORT SCENARIO 75
FIGURE 23 EXPORT OF VEHICLE ARMOR MATERIALS, BY COUNTRY, 2019–2022 (USD MILLION) 75
5.13 CASE STUDY ANALYSIS 75
5.13.1 ADOPTION OF DESIGN FOR ARMORING TO OPTIMIZE PROTECTION 75
5.13.1.1 Objective 75
5.13.1.2 Solution statement 75
5.13.1.3 Conclusion 75
5.14 KEY CONFERENCES & EVENTS, 2024–2025 76
TABLE 16 VEHICLE ARMOR MATERIALS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 76
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 77
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 77
FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 77
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 77

5.15.2 BUYING CRITERIA 78
FIGURE 25 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 78
TABLE 18 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 78
6 VEHICLE ARMOR MATERIALS MARKET, BY TYPE 79
6.1 INTRODUCTION 80
FIGURE 26 METALS & ALLOYS TO ACCOUNT FOR LARGEST SHARE OF VEHICLE ARMOR MATERIALS MARKET 80
TABLE 19 VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (USD MILLION) 80
TABLE 20 VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (USD MILLION) 81
TABLE 21 VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (KILOTON) 81
TABLE 22 VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (KILOTON) 81
6.2 METALS & ALLOYS 82
6.2.1 NEED FOR EXTENSIVE SHIELDING ON TANKS AND VEHICLES TO DRIVE DEMAND FOR METAL ARMOR 82
6.2.2 TITANIUM 82
6.2.3 ALUMINIUM 82
6.2.4 HIGH-DENSITY STEEL 83
6.3 CERAMICS 83
6.3.1 PROVIDE HARDNESS AS WELL AS HEAT RESISTANCE PROPERTIES TO ARMOR 83
6.3.2 ALUMINUM OXIDE 83
6.3.3 SILICON CARBIDE 83
6.3.4 BORON CARBIDE 84
6.3.5 CERAMIC MATRIX COMPOSITES 84
6.3.6 OTHERS 84
6.4 COMPOSITES 85
6.4.1 DEMAND FOR COMPOSITES IN VEHICLE ARMOR DRIVEN BY THEIR LIGHTWEIGHT, STRENGTH, AND FLEXIBILITY 85
6.4.2 FIBERS 85
6.4.3 FABRICS 85
6.4.4 MATRIX MATERIALS 85
6.4.5 PREPREGS 85
6.4.6 HYBRID COMPOSITES 86
6.4.7 3D COMPOSITES 86
6.5 ARAMID FIBER 86
6.5.1 DEMAND FOR ARAMID FIBER INCREASING IN VEHICLE ARMOR DUE TO ITS FLEXIBILITY 86
6.6 FIBERGLASS 86
6.6.1 AUTOMOTIVE INDUSTRY EXTENSIVELY USING FIBERGLASS FOR VEHICLE ARMOR DUE TO ITS LIGHTWEIGHT NATURE 86
6.7 OTHER TYPES 87

7 VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION 88
7.1 INTRODUCTION 89
FIGURE 27 DEFENSE TO BE LARGEST APPLICATION OF VEHICLE ARMOR MATERIALS MARKET 89
TABLE 23 VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 89
TABLE 24 VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 90
7.2 DEFENSE 90
7.2.1 DEFENSE TO BE FASTEST-GROWING END USER OF VEHICLE ARMOR MATERIALS 90
7.3 PARAMILITARY 91
7.3.1 ARMORED VEHICLES WIDELY USED TO SAFEGUARD PERSONNEL IN HIGH-RISK ENVIRONMENTS 91
7.4 POLICE 91
7.4.1 INCREASING CONCERN FOR SAFETY AND PROTECTION OF LAW ENFORCEMENT OFFICERS TO DRIVE GROWTH 91
7.5 SECURITY AGENCIES 91
7.5.1 DEMAND FOR ARMOR MATERIAL TO WITNESS SIGNIFICANT GROWTH IN SECURITY AGENCIES SEGMENT 91
7.6 PERSONAL 92
7.6.1 HIGH CRIME RATES AND ACCIDENTS DRIVING DEMAND FOR SAFE AND ARMORED VEHICLES 92
7.7 OTHER APPLICATIONS 92
8 VEHICLE ARMOR MATERIALS MARKET, BY REGION 93
8.1 INTRODUCTION 94
FIGURE 28 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 94
TABLE 25 VEHICLE ARMOR MATERIALS MARKET, BY REGION, 2020–2023 (USD MILLION) 94
TABLE 26 VEHICLE ARMOR MATERIALS MARKET, BY REGION, 2024–2029 (USD MILLION) 95
TABLE 27 VEHICLE ARMOR MATERIALS MARKET, BY REGION, 2020–2023 (KILOTON) 95
TABLE 28 VEHICLE ARMOR MATERIALS MARKET, BY REGION, 2024–2029 (KILOTON) 95
TABLE 29 VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (USD MILLION) 96
TABLE 30 VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (USD MILLION) 96
TABLE 31 VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (KILOTON) 96
TABLE 32 VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (KILOTON) 97
TABLE 33 VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 97
TABLE 34 VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 97

8.2 ASIA PACIFIC 98
8.2.1 RECESSION IMPACT 98
FIGURE 29 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET SNAPSHOT 99
TABLE 35 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 100
TABLE 36 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 100
TABLE 37 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (KILOTON) 100
TABLE 38 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (KILOTON) 101
TABLE 39 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (USD MILLION) 101
TABLE 40 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (USD MILLION) 101
TABLE 41 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (KILOTON) 102
TABLE 42 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (KILOTON) 102
TABLE 43 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 102
TABLE 44 ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 103
8.2.1.1 China 103
8.2.1.1.1 Significant capital investment to drive market 103
TABLE 45 CHINA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 104
TABLE 46 CHINA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 104
8.2.1.2 JAPAN 104
8.2.1.2.1 Technological developments to drive market 104
TABLE 47 JAPAN: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 105
TABLE 48 JAPAN: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 105
8.2.1.3 SOUTH KOREA 106
8.2.1.3.1 Growing private sector and investment by public companies to drive market 106
TABLE 49 SOUTH KOREA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 106
TABLE 50 SOUTH KOREA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 106
8.2.1.4 INDIA 107
8.2.1.4.1 Increasing demand for cash-in-transit and VIP protection vehicles to drive market 107
TABLE 51 INDIA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 107
TABLE 52 INDIA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 107
8.2.1.5 Rest of Asia Pacific 108
TABLE 53 REST OF ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 108
TABLE 54 REST OF ASIA PACIFIC: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 108
8.3 NORTH AMERICA 108
8.3.1 RECESSION IMPACT 109
FIGURE 30 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET SNAPSHOT 109
TABLE 55 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 110
TABLE 56 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 110
TABLE 57 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (KILOTON) 110
TABLE 58 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (KILOTON) 110
TABLE 59 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (USD MILLION) 111
TABLE 60 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (USD MILLION) 111
TABLE 61 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (KILOTON) 111
TABLE 62 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (KILOTON) 112
TABLE 63 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 112
TABLE 64 NORTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 112
8.3.1.1 US 113
8.3.1.1.1 High military spending and constant research for upgrading military equipment to drive market 113
TABLE 65 US: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 113
TABLE 66 US: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 114
8.3.1.2 Canada 114
8.3.1.2.1 Increasing investment in industrial sectors to drive market 114
TABLE 67 CANADA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 114
TABLE 68 CANADA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 115
8.3.1.3 Mexico 115
8.3.1.3.1 Increasing presence of armor manufacturing companies to drive market 115

TABLE 69 MEXICO: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 115
TABLE 70 MEXICO: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 116
8.4 EUROPE 116
8.4.1 RECESSION IMPACT 117
FIGURE 31 EUROPE: VEHICLE ARMOR MATERIALS MARKET SNAPSHOT 118
TABLE 71 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 118
TABLE 72 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 119
TABLE 73 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (KILOTON) 119
TABLE 74 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (KILOTON) 119
TABLE 75 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (USD MILLION) 120
TABLE 76 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (USD MILLION) 120
TABLE 77 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (KILOTON) 120
TABLE 78 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (KILOTON) 121
TABLE 79 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 121
TABLE 80 EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 121
8.4.1.1 Germany 122
8.4.1.1.1 Increasing procurement of defense equipment and vehicles to drive market 122
TABLE 81 GERMANY: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 122
TABLE 82 GERMANY: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 123
8.4.1.2 Italy 123
8.4.1.2.1 Heightened internal security and rising demand for civilian armored vehicles to drive market 123
TABLE 83 ITALY: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 124
TABLE 84 ITALY: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 124
8.4.1.3 France 124
8.4.1.3.1 Heightened geopolitical tensions and internal security to drive market 124
TABLE 85 FRANCE: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 125
TABLE 86 FRANCE: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 125
8.4.1.4 UK 126
8.4.1.4.1 Global economic recovery and development of new technologies to drive market 126
TABLE 87 UK: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 126
TABLE 88 UK: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 126
8.4.1.5 RUSSIA 127
8.4.1.5.1 Strong domestic demand for armor materials to drive market 127
TABLE 89 RUSSIA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 127
TABLE 90 RUSSIA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 128
8.4.1.6 SPAIN 128
8.4.1.6.1 Technological advancement and collaborative efforts to support market growth 128
TABLE 91 SPAIN: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 129
TABLE 92 SPAIN: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 129
8.4.1.7 Rest of Europe 129
TABLE 93 REST OF EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 130
TABLE 94 REST OF EUROPE: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 130
8.5 MIDDLE EAST & AFRICA 130
8.5.1 RECESSION IMPACT 131
TABLE 95 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 131
TABLE 96 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 132
TABLE 97 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (KILOTON) 132
TABLE 98 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (KILOTON) 132
TABLE 99 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (USD MILLION) 133
TABLE 100 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (USD MILLION) 133
TABLE 101 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (KILOTON) 133
TABLE 102 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (KILOTON) 134
TABLE 103 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 134
TABLE 104 MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 134
8.5.1.1 SAUDI ARABIA 135
8.5.1.1.1 R&D investments and technological innovations to drive market 135
TABLE 105 SAUDI ARABIA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 135
TABLE 106 SAUDI ARABIA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 136
8.5.1.2 UAE 136
8.5.1.2.1 Defense to be largest and fastest-growing application during forecast period 136
TABLE 107 UAE: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 136
TABLE 108 UAE: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 137
8.5.1.3 REST OF GCC 137
8.5.1.3.1 Increased defense investments to drive market for vehicle armor materials 137
TABLE 109 REST OF GCC: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 137
TABLE 110 REST OF GCC: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 138
8.5.1.4 SOUTH AFRICA 138
8.5.1.4.1 Government initiatives and investments to drive market 138
TABLE 111 SOUTH AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 139
TABLE 112 SOUTH AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 139
8.5.1.5 Rest of Middle East & Africa 139
TABLE 113 REST OF MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 140
TABLE 114 REST OF MIDDLE EAST & AFRICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 140
8.6 SOUTH AMERICA 140
8.6.1 RECESSION IMPACT 141
TABLE 115 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 141
TABLE 116 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 141
TABLE 117 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2020–2023 (KILOTON) 142
TABLE 118 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY COUNTRY, 2024–2029 (KILOTON) 142
TABLE 119 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (USD MILLION) 142
TABLE 120 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (USD MILLION) 143
TABLE 121 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2020–2023 (KILOTON) 143
TABLE 122 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY TYPE, 2024–2029 (KILOTON) 143
TABLE 123 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 144
TABLE 124 SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 144
8.6.1.1 Brazil 144
8.6.1.1.1 Security challenges, military modernization efforts, and economic diversification to drive market 144
TABLE 125 BRAZIL: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 145
TABLE 126 BRAZIL: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 145
8.6.1.2 Argentina 146
8.6.1.2.1 Favorable business conditions and government incentives to support market growth 146
TABLE 127 ARGENTINA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 146
TABLE 128 ARGENTINA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 146
8.6.1.3 Rest of South America 147
TABLE 129 REST OF SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 147
TABLE 130 REST OF SOUTH AMERICA: VEHICLE ARMOR MATERIALS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 147
9 COMPETITIVE LANDSCAPE 148
9.1 INTRODUCTION 148
9.1.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY VEHICLE ARMOR MATERIAL MANUFACTURERS 148
9.2 MARKET SHARE ANALYSIS 149
9.2.1 RANKING OF KEY MARKET PLAYERS, 2022 149
FIGURE 32 RANKING OF TOP FIVE PLAYERS IN VEHICLE ARMOR MATERIALS MARKET, 2022 149
9.2.2 MARKET SHARE OF KEY PLAYERS 149
TABLE 131 VEHICLE ARMOR MATERIALS MARKET: DEGREE OF COMPETITION 150
FIGURE 33 SHARE OF KEY PLAYERS IN VEHICLE ARMOR MATERIALS MARKET, 2022 150
9.2.2.1 Tata Steel Limited 150
9.2.2.2 Honeywell International Inc. 151
9.2.2.3 Saint-Gobain SA 151
9.2.2.4 Alcoa Corporation 151
9.2.2.5 DuPont de Nemours, Inc. 151

9.3 REVENUE ANALYSIS 152
FIGURE 34 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2020–2024 152
9.4 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 152
9.4.1 STARS 152
9.4.2 EMERGING LEADERS 152
9.4.3 PERVASIVE PLAYERS 153
9.4.4 PARTICIPANTS 153
FIGURE 35 VEHICLE ARMOR MATERIALS MARKET: COMPANY EVALUATION MATRIX, 2022 153
9.4.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 154
TABLE 132 COMPANY TYPE FOOTPRINT (10 COMPANIES) 154
TABLE 133 COMPANY APPLICATION FOOTPRINT (10 COMPANIES) 154
TABLE 134 COMPANY REGION FOOTPRINT (10 COMPANIES) 155
9.5 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 155
9.5.1 PROGRESSIVE COMPANIES 155
9.5.2 RESPONSIVE COMPANIES 155
9.5.3 DYNAMIC COMPANIES 155
9.5.4 STARTING BLOCKS 156
FIGURE 36 VEHICLE ARMOR MATERIALS MARKET: START-UPS/SMES EVALUATION MATRIX, 2022 156
9.5.5 COMPETITIVE BENCHMARKING 157
9.5.5.1 DETAILED LIST OF KEY START-UPS/SMES 157
TABLE 135 VEHICLE ARMOR MATERIALS MARKET: DETAILED LIST OF KEY START-UPS/SMES 157
9.5.5.2 Competitive benchmarking of key start-ups/SMEs 158
TABLE 136 START-UPS/SMES COMPANY APPLICATION FOOTPRINT (15 COMPANIES) 158
TABLE 137 START-UPS/SMES COMPANY TYPE FOOTPRINT (15 COMPANIES) 158
TABLE 138 START-UPS/SMES COMPANY REGION FOOTPRINT (15 COMPANIES) 159
FIGURE 37 VEHICLE ARMOR MATERIALS MARKET: COMPANY OVERALL FOOTPRINT 160
9.5.6 VALUATION AND FINANCIAL METRICS OF KEY VEHICLE ARMOR MATERIAL VENDORS 161
FIGURE 38 EV/EBITDA OF KEY VENDORS 161
FIGURE 39 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN 161
9.6 COMPETITIVE SCENARIO AND TRENDS 162
9.6.1 PRODUCT LAUNCHES 162
TABLE 139 VEHICLE ARMOR MATERIALS MARKET: PRODUCT LAUNCHES (2019–2023) 162
9.6.2 DEALS 162
TABLE 140 VEHICLE ARMOR MATERIALS MARKET: DEALS (2019–2023) 162
9.6.3 OTHER DEVELOPMENTS 163
TABLE 141 VEHICLE ARMOR MATERIALS MARKET: OTHER DEVELOPMENTS (2019–2023) 163

10 COMPANY PROFILES 164
(Business overview, Products offered, Recent Developments, MNM view)*
10.1 KEY PLAYERS 164
10.1.1 DUPONT DE NEMOURS, INC. 164
TABLE 142 DUPONT DE NEMOURS, INC.: COMPANY OVERVIEW 164
FIGURE 40 DUPONT DE NEMOURS, INC.: COMPANY SNAPSHOT 165
TABLE 143 DUPONT DE NEMOURS, INC.: PRODUCT OFFERINGS 165
TABLE 144 DUPONT DE NEMOURS, INC.: PRODUCT LAUNCHES, 2019–2023 166
TABLE 145 DUPONT DE NEMOURS, INC.: DEALS, 2019–2023 166
10.1.2 SAINT-GOBAIN SA 168
TABLE 146 SAINT-GOBAIN SA: COMPANY OVERVIEW 168
FIGURE 41 SAINT-GOBAIN SA: COMPANY SNAPSHOT 168
TABLE 147 SAINT-GOBAIN SA: PRODUCT OFFERINGS 169
TABLE 148 SAINT-GOBAIN SA: DEALS, 2019–2023 169
10.1.3 ALLEGHENY TECHNOLOGIES INCORPORATED (ATI INC.) 171
TABLE 149 ALLEGHENY TECHNOLOGIES, INCORPORATED (ATI, INC.): COMPANY OVERVIEW 171
FIGURE 42 ALLEGHENY TECHNOLOGIES INCORPORATED (ATI INC.): COMPANY SNAPSHOT 171
TABLE 150 ALLEGHENY TECHNOLOGIES INCORPORATED (ATI INC.): PRODUCT OFFERINGS 172
TABLE 151 ALLEGHENY TECHNOLOGIES INCORPORATED (ATI INC.): DEALS, 2019–2023 173
10.1.4 HONEYWELL INTERNATIONAL INC. 174
TABLE 152 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 174
FIGURE 43 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 175
TABLE 153 HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS 175
TABLE 154 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES, 2019–2023 176
TABLE 155 HONEYWELL INTERNATIONAL INC.: DEALS, 2019–2023 177
10.1.5 TEIJIN LIMITED 179
TABLE 156 TEIJIN LIMITED: COMPANY OVERVIEW 179
FIGURE 44 TEIJIN LIMITED: COMPANY SNAPSHOT 180
TABLE 157 TEIJIN LIMITED: PRODUCT OFFERINGS 180
TABLE 158 TEIJIN LIMITED: PRODUCT LAUNCHES, 2019–2023 181
TABLE 159 TEIJIN LIMITED: DEALS, 2019–2023 182
TABLE 160 TEIJIN LIMITED: OTHER DEVELOPMENTS, 2019–2023 182
10.1.6 ALCOA CORPORATION 184
TABLE 161 ALCOA CORPORATION: COMPANY OVERVIEW 184
TABLE 162 ALCOA CORPORATION: PRODUCT OFFERINGS 184
10.1.7 TATA STEEL LIMITED 186
TABLE 163 TATA STEEL LIMITED: COMPANY OVERVIEW 186

TABLE 164 TATA STEEL LIMITED: PRODUCT OFFERINGS 186
10.1.8 SSAB 188
TABLE 165 SSAB: COMPANY OVERVIEW 188
TABLE 166 SSAB: PRODUCT OFFERINGS 188
TABLE 167 SSAB: DEALS, 2019–2023 189
10.1.9 CERAMTEC 190
TABLE 168 CERAMTEC: COMPANY OVERVIEW 190
FIGURE 45 CERAMTEC: COMPANY SNAPSHOT 191
TABLE 169 CERAMTEC: PRODUCT OFFERINGS 191
10.1.10 MORGAN ADVANCED MATERIALS 193
TABLE 170 MORGAN ADVANCED MATERIAL: COMPANY OVERVIEW 193
TABLE 171 MORGAN ADVANCED MATERIALS: PRODUCT OFFERINGS 193
TABLE 172 MORGAN ADVANCED MATERIAL: EXPANSIONS, 2019–2023 194
10.2 OTHER PLAYERS 196
10.2.1 PPG INDUSTRIES 196
TABLE 173 PPG INDUSTRIES: COMPANY OVERVIEW 196
10.2.2 COORSTEK INC. 197
TABLE 174 COORSTEK INC.: COMPANY OVERVIEW 197
10.2.3 CERCO CORPORATION 197
TABLE 175 CERCO CORPORATION: COMPANY OVERVIEW 197
10.2.4 AGY HOLDING CORP. 198
TABLE 176 AGY HOLDING CORP.: COMPANY OVERVIEW 198
10.2.5 SAFARILAND, LLC 198
TABLE 177 SAFARILAND, LLC: COMPANY OVERVIEW 198
10.2.6 LEECO STEEL 199
TABLE 178 LEECO STEEL: COMPANY OVERVIEW 199
10.2.7 ARMORWORKS ENTERPRISES LLC 199
TABLE 179 ARMORWORKS ENTERPRISES LLC: COMPANY OVERVIEW 199
10.2.8 WACO COMPOSITES 200
TABLE 180 WACO COMPOSITES: COMPANY OVERVIEW 200
10.2.9 AT&F ADVANCED METALS LLC 200
TABLE 181 AT&F ADVANCED METALS LLC: COMPANY OVERVIEW 200
10.2.10 PROTECTIVE STRUCTURES, LTD. 201
TABLE 182 PROTECTIVE STRUCTURES, LTD.: COMPANY OVERVIEW 201
10.2.11 CPS TECHNOLOGIES, CORP. 201
TABLE 183 CPS TECHNOLOGIES, CORP.: COMPANY OVERVIEW 201
10.2.12 JPS COMPOSITES MATERIALS 202
TABLE 184 JPS COMPOSITES MATERIALS: COMPANY OVERVIEW 202
10.2.13 SCHUNK CARBON TECHNOLOGY 202
TABLE 185 SCHUNK CARBON TECHNOLOGY: COMPANY OVERVIEW 202

10.2.14 SURMET CORPORATION 203
TABLE 186 SURMET CORPORATION: COMPANY OVERVIEW 203
10.2.15 3M 203
TABLE 187 3M: COMPANY OVERVIEW 203
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11 APPENDIX 204
11.1 DISCUSSION GUIDE 204
11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 206
11.3 CUSTOMIZATION OPTIONS 208
11.4 RELATED REPORTS 208
11.5 AUTHOR DETAILS 209