Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Bullet-resistant glass is glass that provides resistance from bullets and small projectile. These glasses provide high-end security from any crime or terror attacks. Bullet-resistant glass is manufactured from ballistic products such as polycarbonate, glass-clad polycarbonate, acrylic, and thermoplastics. Bullet-resistant glass is an optically transparent but strong material that enables strong resistance against penetration. Some of the major end-user of bullet-resistant glass are construction, banking, finance, investigation, aerospace, government, and educational sector.

India bullet-resistant glass market is projected to surpass INR 14.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 9.3% during the forecast period (2020 to 2027).

Drivers

Growing demand for the product from the automotive industry due to rising demand for a premium vehicle with value-added features is expected to fuel the growth of the India bullet-resistant glass market. India's automotive industry has gain significant growth over the last few years due to the rising production of automobiles in the country. This is expected to fuel the market growth over the forecast timeframe.

The evolving financial infrastructure in India coupled with the rising security concerns has boosted the demand for bullet-resistant glass. The government of India is investing heavily in order to expand the financial sector of the economy. Moreover, the growing per capita income of the consumers due to the growth of the economy is further expected to propel the market growth of the bullet-resistant over the forecast period. 

On the basis of states, Rest of India dominated the India bullet-resistant glass market in 2019, reporting 15% market share in terms of revenue, followed by Maharashtra and Tamil Nadu, respectively.

Figure 1. India Bullet-Resistant Glass Market, Revenue Share (%), By States, 2019

India Bullet-Resistant Glass  | Coherent Market Insights

Market Restraints

The majority of the bullet-resistant glass produced in India fails to meet international regulatory standards such as Europe’s EN 1063 which is expected to create a negative brand image of bullet-resistant glass produced in India. Additionally, non-compliance with international quality standards further impacts the bullet-resistant glass from India. This factor is expected to hinder the market growth.

Increasing import of bullet-resistant glasses in India as it provides low-cost product has adversely affected the domestic production of bullet-resistant glass. According to the Coherent Market Insights analysis, China accounts for around 60% of the total safety glass (laminated and tempered) imports to India.

Market Opportunities

An emerging application of bullet-resistant glass such as ATM booths, residential buildings, and armored cash trucks is expected to provide potential growth opportunities to the market of bullet-resistant glass. The ATM and banks have emerged as the leading application of bullet-resistant due to the growing need for safety and security coupled with expanding the banking sector in India.

Manufacturers of India bullet-resistant markets are developing the product with add-on features such as fireproof and UV protection glasses. This is expected to provide enormous growth opportunity to the market of bullet-resistant glass over the forecast period. Such glasses are widely adopted across high-security government buildings and the financial sector. 

Figure 2. India Bullet-Resistant Glass Market – Opportunity Analysis

India Bullet-Resistant Glass  | Coherent Market Insights

Market Trends

The increasing trend of offering a customized solution by Indian manufacturer to the end-user as their level of security requirement is expected to foster the market growth over the forecast period. Customized products ensure efficient use of the products and help the manufacturer to differentiate their product offerings. This is expected to augment the market growth.

The growing focus of manufacturers on product innovation in order to meet the evolving demand across the end-user industry is expected to stimulate market growth. The rising entry of various international players through a partnership with domestic players in order to expand their foothold in India is expected to be a major trend in the bullet-resistant glass market. This is expected to augment the market growth over the forecast period.

Figure 3. India Bullet-Resistant Glass Market, Revenue Share (%), By Product Type, In 2019

India Bullet-Resistant Glass  | Coherent Market Insights

On the basis of product type, glass-clad polycarbonate dominated the India bullet-resistant glass market in 2019 with around 42% of market share in terms of revenue, followed by polyvinyl butyral and polycarbonate, respectively.

Competitive Section

Key players are operating in the India bullet-resistant glass market are Saint-Gobain India Pvt. Ltd., Asahi India Glass Limited, Gujarat Guardian Ltd., Duratuf Glass Industries (P) Ltd., Jeet & Jeet Glass and Chemicals Pvt. Ltd., Gold Plus Glass Industry Limited, FG Glass Industries Pvt. Ltd., Chandra Lakshmi Safety Glass Ltd., Fuso Glass India Pvt. Ltd., Art-n-Glass Inc., and Gurind India Pvt. Ltd.

Bulletproof glass, are also known as ballistic glass, transparent armor or bullet resistant glass, is an important element of security systems installed at places which are likely to encounter violent assaults such as premium vehicles, armored cash-in-transit trucks, banks, display cases, ATM booths, and other applications that call for advanced security features and may require protection from bullets and small projectiles.

Market Dynamics

Bullet proof glass is made from a variety of materials which include polycarbonates, thermoplastics, acrylics, and glass-clad polycarbonates, depending on the level of protection required for an application. Most bulletproof glass is made of layers that contain one or more of these materials or conventional tempered glass. Bulletproof glass is intended to resist one or more rounds of bullets depending on the thickness of the glass or the weapon that is used to fire at it.

Increasing automotive and commercial applications of bulletproof glass and militarization of law enforcement agencies across the country is driving the India bullet-resistant glass market. Moreover, key players are focusing on product innovations to meet the increasing demand for bulletproof glass from the defense and military industry. For instance, Saint-Gobain Crystals is one of the key manufacturers and suppliers of transparent sapphire glass armoring for military vehicles. The company's transparent armor replaces the conventional glass armor with an advanced ceramic-based product, which is comprised of the large sheets of sapphire laminated with a multiple layers of glass and polycarbonate. However, higher cost of raw materials such as polycarbonate is expected to hinder growth of the India bullet-resistant glass market.

Key features of the study:

  • This report provides in-depth analysis of India bullet-resistant glass market size (INR Million and Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the India bullet-resistant glass market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Saint-Gobain India Pvt. Ltd., Asahi India Glass Limited, Gujarat Guardian Ltd., Duratuf Glass Industries (P) Ltd., Jeet & Jeet Glass and Chemicals Pvt. Ltd., Gold Plus Glass Industry Limited, FG Glass Industries Pvt. Ltd., Chandra Lakshmi Safety Glass Ltd., Fuso Glass India Pvt. Ltd., Art-n-Glass Inc., and Gurind India Pvt. Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The India bullet-resistant glass market report caters to various stakeholders in this industry including investors, suppliers, India bullet-resistant glass manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the India bullet-resistant glass market

Detailed Segmentation:

  • India Bullet-Resistant Glass Market, By Product Type:
    • Polycarbonate
    • Acrylic
    • Glass-clad Polycarbonate
    • Polyvinyl Butyral (PVB)
  • India Bullet-Resistant Glass Market, By BRG Class:
    • BR1
    • BR2
    • BR3
    • BR4
    • BR5
    • BR6
    • BR7
    • Others
  • India Bullet-Resistant Glass Market, By Application:
    • Financial Services
    • Automotive
    • Buildings
      • Residential
      • Commercial
  • India Bullet-Resistant Glass Market, By States:
    • Delhi
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • Maharashtra
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • Tamil Nadu
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • Karnataka
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • Gujarat
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • Punjab
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • Haryana
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • Uttar Pradesh
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • West Bengal
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • Madhya Pradesh
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
    • Rest of India
      • By Product Type
        • Polycarbonate
        • Acrylic
        • Glass-clad Polycarbonate
        • Polyvinyl Butyral (PVB)
      • By BRG Class
        • BR1
        • BR2
        • BR3
        • BR4
        • BR5
        • BR6
        • BR7
        • Others
      • By Application
        • Financial Services
        • Automotive
        • Buildings
          • Residential
          • Commercial
  • Company Profiles
    • Saint-Gobain India Pvt. Ltd.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Asahi India Glass Limited
    • Gujarat Guardian Ltd.
    • Duratuf Glass Industries (P) Ltd.
    • Jeet & Jeet Glass and Chemicals Pvt. Ltd.
    • Gold Plus Glass Industry Limited
    • FG Glass Industries Pvt. Ltd.
    • Chandra Lakshmi Safety Glass Ltd.
    • Fuso Glass India Pvt. Ltd.
    • Art-n-Glass Inc.
    • Gurind India Pvt. Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By BRG Class
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. India Bullet-Resistant Glass Market, By Product Type 2017 - 2027 (INR Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Polycarbonate
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • Acrylic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • Glass-clad Polycarbonate
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • Polyvinyl Butyral (PVB)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
  5. India Bullet-Resistant Glass Market, By BRG Class, 2017 - 2027 (INR Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • BR1
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • BR2
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • BR3
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • BR4
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • BR5
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • BR6
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • BR7
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
  6. India Bullet-Resistant Glass Market, By Application 2017 - 2027 (INR Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Financial Services
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
    • Buildings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (INR Million and Tons)
      • Segment Trends
        • Residential
        • Commercial
  7. India Bullet-Resistant Glass Market, By States, 2017- 2027 (INR Million and Tons)
    • Introduction
      • Market Share Analysis, By States, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By States, 2020 - 2027
    • Delhi
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • Maharashtra
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • Tamil Nadu
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • Karnataka
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • Gujarat
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • Punjab
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • Haryana
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • Uttar Pradesh
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • West Bengal
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • Madhya Pradesh
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
    • Rest of India
      • State Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By BRG Class, 2017- 2027 (INR Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (INR Million and Tons)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Saint-Gobain India Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Asahi India Glass Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Gujarat Guardian Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Duratuf Glass Industries (P) Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Jeet & Jeet Glass and Chemicals Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Gold Plus Glass Industry Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • FG Glass Industries Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chandra Lakshmi Safety Glass Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Fuso Glass India Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Art-n-Glass Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Gurind India Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "India Bullet-Resistant Glass Market” – global forecast to 2027

Frequently Asked Questions

The market for India bullet-resistant glass is forecast to surpass INR 14.5 Billion by 2027 witnessing a CAGR of 9.3% between 2020 and 2027.
Growing demand for the product from the automotive industry due to rising demand for a premium vehicle and evolving financial infrastructure in India coupled with the rising security concerns is fuelling the growth of the India bullet-resistant glass market in the region.
Indian manufacturer are focusing on offering a customized solution to the end-users and product innovation are expected to favour market growth over the forecast period.
Increasing import of bullet-resistant glasses in India as it provides low-cost product and products manufactured in India fails to meet international regulatory standards is expected to hamper the growth the market during the forecast period.
Major players operating in the India bullet-resistant glass market include Saint-Gobain India Pvt. Ltd., Asahi India Glass Limited, Gujarat Guardian Ltd., Duratuf Glass Industries (P) Ltd., Jeet & Jeet Glass and Chemicals Pvt. Ltd., Gold Plus Glass Industry Limited, FG Glass Industries Pvt. Ltd., Chandra Lakshmi Safety Glass Ltd., Fuso Glass India Pvt. Ltd., Art-n-Glass Inc., and Gurind India Pvt. Ltd.
The India bullet-resistant glass market was estimated to be valued around INR 7.0 billion in terms of revenue in 2019.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner