Market Research Report Store Ballistic Composites Market projected to reach USD

"Ballistic Composites Market projected to reach USD 1.80 billion by 2021, at a CAGR of 7.12% from 2016 to 2021" published in June 2017. It is a professional and in-depth study. Summary Market Research Report Store announces a new report＂Ballistic Composites Market＂added to its database.The global ballistic composites market is projected to reach USD 1.80 billion by 2021, at a CAGR of 7.12% from 2016 to 2021. The major drivers stimulating the growth of the global ballistic composites market are, the increasing demand for low weight, high strength, withstanding high temperatures, and durable materials. However, issues related to higher costs, stringent standards for the manufacture of ballistic composite products and the complexity of ballistic composite designing are the major restraints in the growth of the ballistic composites market. Detailed TOC Of Report @ https://www.marketresearchreportstore.com/shop/ballistic-composites-market-by-fiber-type-ara mid-uhmwpe-s-glass-matrix-type-polymer-polymer-ceramic-metal-application-vehicle-armor-bo dy-armor-helmet-face-protection-and-region-glob Ask a sample, click here [email protected] Vehicle armor application accounted for the largest market share in the ballistic composites market, by value in 2015. The vehicle armor application leads the ballistic composites market in terms of value. Ballistic composites are majorly utilized for the manufacture of vehicle armor as these composites provide protection against ballistic threats. Vehicle armor is equipped with ballistic composites to ensure high level protection against ballistic impacts. Ballistic composites also offer resistance against UV rays, increased protection of vehicles from extreme and unfavorable weather conditions, convenience in mobility of the vehicles and resistance against corrosion caused to naval military vehicles due to their contact with sea water. These excellent performance properties are leading to an increasing demand for ballistic composites in tanks, bullet proof cars, submarines, and aircraft, among others. Asia-Pacific is the fastest-growing market for ballistic composites. The Asia-Pacific is expected to be the fastest-growing market for ballistic composites during the forecast period. Governments in Southeast Asian countries are targeting the defense industry as a part of their economic development strategy to increase value-added manufacturing activity. This growth of the defense industry is expected to lead to a high demand for ballistic materials such as ballistic composites in defense applications. Further, there is a high demand for ballistic composites in the region due to the increasing military power and expenditure in emerging superpowers such as China and India. These countries are