Chemicals and Materials Global Armor Materials Market (2016-2024)- Researc | Page 7

the rising demand for homeland security. U.S.is expected to
contribute significant revenue to Global Armor Materials Market
during the forecast period. Rising demand for advanced armor system
for military applications is likely to drive the growth of armor
materials market in the country.
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Asia Pacific armor materials market is expected to grow at a
significant pace over the forecast period. Further, the market of armor
materials in Asia Pacific is projected to grow at highest CAGR during
the forecast period. The demand for armor materials in Asia Pacific is
expected to get escalated by the ongoing military modernization
programs. Increase in defense budgets is envisioned to positively
impact the growth of armor materials market. Moreover, rising
terrorism activities in Asia Pacific countries is expected to fuel the
demand for armor materials during the forecast period.
Based on product, Global Armor Materials Market is further
segmented into metal & alloys, ceramic & composites, Para-aramid
fibers, fiberglass and ultra-high molecular polyethylene. The metals
& alloys segment is expected to hold largest market share during the
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