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Ceramic Armor - Global Markets Forecast to 2022: CAGR to Grow at 6.32% - ResearchAndMarkets.com

17 December 2018

DUBLIN--(BUSINESS WIRE)-- The "Global Ceramic Armor Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global ceramic armor market is forecast to grow at a CAGR of 6.32% during the period 2018-2022.

One trend in the market is increasing threats from terrorist groups. With the rising number of terror attacks, governments are focusing on protecting their countries by utilizing resources. Vehicle armors are extensively used for protecting areas that are vulnerable to terror attacks.

According to the report, one driver in the market is increasing investments in defense applications. The defense sector accounts for a significant share of the global ceramic armor market. The numerous applications in defense and special security vehicles will contribute considerably to the growth of the global ceramic armor market during the forecast period.

Further, the report states that one challenge in the market is fluctuations in raw material prices. Fluctuating raw material prices adversely affect the supply of ceramic products. A surge in demand for ceramic materials in several regions has led to a supply-demand imbalance, which is leading to a rise in raw materials prices.

Market Trends

  • Increasing threats from terrorist groups
  • Increasing use of thermal ceramics to withstand high temperatures
  • Increased expenditure on R&D for developing environment-friendly products

Key Vendors

  • 3M
  • CeramTec
  • CoorsTek
  • Saint-Gobain
  • II-VI M Cubed

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Application

8. Market Segmentation by Material

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/7lwxb4/ceramic_armor?w=4