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The global ballistic composites market is segmented into fiber type, matrix type, application, and region. The ballistic composites market, by fiber type is further segmented into aramid fiber, UHMWPE fiber, and S-Glass fiber.
According Research and Markets, in 2015, aramid fiber had the largest market share in terms of value and volume owing to the high demand from helmets, vests, and shields applications.
The firm also reveals that, 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 increasing demand for ballistic composites in personal protection due to its light weight and high strength properties is a major reason for the growth of the global ballistic composites market.