The ballistic composites market was valued at USD 1.20 billion in 2015 is projected to reach USD 1.80 billion by 2021 at a CAGR of 7.12% from 2016 to 2021. In this study, 2015 has been considered as the base year, while the forecast period is from 2016 to 2021.

Download Free PDF Brochure: http://bit.ly/2E4TTW7

The ballistic composites market includes raw material suppliers, manufacturers, and end users of ballistic composites Honeywell Spectra(U.S.), DSM Dyneema (Netherlands), BAE Systems (U.K.), Royal Tencate (Netherlands), Morgan Advanced Materials (U.K.), DuPont Protection Technologies (U.S.), Solvay (Belgium), Gurit (Switzerland), 3M (U.S.), CoorsTek (U.S.), Teijin Limited (Japan), and others are the leading players operating in the ballistic composites market.

Major Market Developments
In September 2015, BAE Systems (U.K.), signed a supply agreement with the U.S. army and provided the army with its lightweight and high performance ballistic products for safeguarding soldiers.
In September 2016, Morgan Advanced Materials (U.K.), signed a reseller agreement with Level Peaks Associates (U.K.). As a part of the agreement, the products made by Morgan Advanced Materials (U.K.) will be sold by Level Peaks Associates (U.K.) to the military and Defence market.
In June 2016, Morgan Advanced Materials (U.K.), manufactured new ballistic shields for military and law enforcement applications. The product is light in weight and offers protection to unprotected parts of soldiers.
Key Target audience
Ballistic composites manufacturers
Raw material suppliers
Distributors & suppliers
Industry associations
Request Free Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=217827442

Growing demand for protection materials due to increasing threat from external and internal disturbances is supporting the growth of ballistic composites across the world
The vehicle armor is the largest application for ballistic composites market. Ballistic composites are significantly utilized for the manufacturing of vehicle armors as these composites provide high level of protection against ballistic threats. Moreover, the use of ballistic composites in the manufacturing of vehicle armor provides them with lightweight and corrosion resistance properties, which helps in easy maneuverability and ease of maintenance of vehicle armors.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]