Ballistic & Armour Steel Market
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Ballistic & Armour Steel Market Size and Growth
The Ballistic and Armour Steel market is experiencing robust growth, driven by increasing defense expenditures and rising security concerns globally. In 2023, the market size is estimated at approximately $XX billion, with a projected CAGR of X% over the next five years, reflecting heightened demand across military and commercial sectors.
Companies Covered (Covid 19 Impact Covered)
◍ ArcelorMittal
◍ SSAB AB
◍ Thyssenkrupp
◍ Astralloy (Nucor)
◍ Evraz
◍ Bisalloy Steel Group
◍ Shah Alloys
◍ CMC Impact Metals
◍ SIJ Acroni
◍ HSJ SA
The Ballistic & Armour Steel Market features key players like ArcelorMittal, SSAB AB, and Thyssenkrupp, each contributing through advanced materials and technologies. Companies like Bisalloy Steel and Evraz enhance product offerings, driving growth. Notable sales revenue includes ArcelorMittal: $85 billion, Evraz: $11 billion, and SSAB: $6 billion.
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Market Segmentation
By Application
◍ Battle Tanks ◍ Bulletproof Vehicles
◍ Submarines
◍ Others
By Product
◍ Civilian Grade ◍ Military Grade
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Market Growth
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$ X Billion USD
