India bullet resistant glass market
India Bullet Resistant Glass Market, By Product Type (Polycarbonate, Acrylic, Glass-clad Polycarbonate, and Polyvinyl Butyral (PVB)), By BRF Class (BR1, BR2, BR3, BR4, BR5, BR6, BR7, and Others), By Application (Financial Services, Automotive, Buildings (Residential and Commercial))-
- Jun 2023
- CMI3836
- 100 Pages
- Excel & Pdf
- Advanced Materials
India bullet resistant glass market accounted for INR 8.9 Bn in 2022, exhibiting a CAGR of 10.2% in terms of revenue, over the forecast period (2023-2030) to reach INR 19.4 Bn 2030.
India Bullet Resistant Glass Market- Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 outbreak majorly impacted India bullet resistant glass market owing to strict lockdowns and stringent regulations imposed by the government, thus hampering the demand for bullet resistant glass across various products such as polycarbonate. Moreover, the production process of bullet-resistant glass got disrupted due to social distancing measures and lack of manpower. The market is anticipated to be driven by the increasing production of high-quality bullet resistant glass over the forecast period.
India Bullet Resistant Glass Market - Growth Drivers
- Growing demand from the automotive industry
The growing product demand from the automotive industry due to the rising demand for premium vehicles with value-added features is expected to fuel India bullet resistant glass market growth. India's automotive industry has grown significantly 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.
Figure 1. India Bullet Resistant Glass Market, By Product Type, 2022
- Increasing financial infrastructure projects in India
The evolving financial infrastructure in India coupled with 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 consumers due to economic growth is expected to propel India bullet resistant glass market over the forecast period.
India Bullet Resistant Glass Market - Restraints
- Bullet-resistant glass produced in India fails to meet international regulatory standards
The majority of 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 impact bullet-resistant glass demand from India, thereby hindering the market growth. Moreover, increasing demand for bullet
- Increasing import of bullet-resistant glass in India
The increasing import of bullet-resistant glasses in India, as the country provides low-cost products adversely affected the domestic production of bullet-resistant glass. According to Coherent Market Insights’ analysis, China accounts for around 60% of the total safety glass (laminated and tempered) imports to India.
India Bullet Resistant Glass Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2022: | US$ 8.9 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR: | 10.2% | 2030 Value Projection: | US$ 19.4 Bn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
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. |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Market Opportunities
- Emerging applications of bullet-resistant glass
The emerging applications of bullet-resistant glass, such as ATM booths, residential buildings, and armored cash trucks, are expected to provide potential growth opportunities for India bullet resistant glass market. ATMs and banks have emerged as the leading applications of bullet-resistant glass due to the growing need for safety and security coupled with the expanding banking sector in India.
- Developing the product with add-on features
Manufacturers in India bullet resistant market are developing products with add-on features such as fireproof and UV protection glasses. This is expected to provide enormous growth opportunities to the India bullet resistant glass market 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, By State, 2022
Market Trends
- Increasing trend of offering a customized solution by Indian manufacturers to end users
The increasing trend of offering customized solutions by Indian manufacturers to end users as per their level of security requirement is expected to foster the market growth over the forecast period. Customized products ensure the efficient use of the products and help manufacturers differentiate their product offerings. This is expected to augment the market growth.
- Growing focus of manufacturers on product innovation
The growing focus of manufacturers on product innovation in order to meet the evolving demand across the end-use industry is expected to stimulate the market growth. The rising entry of various international players through partnerships with domestic players in order to expand their foothold in India is expected to drive India bullet resistant glass market growth over the forecast period.
Competitive Section:
- Company Names
The key players operating in 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.
By product type, India bullet-resistant glass market is categorized into polycarbonate, acrylic, glass-clad polycarbonate, and polyvinyl butyral. The glass-clad polycarbonate segment held the largest market share in 2022 and is further projected to grow at the highest CAGR over the forecast period owing to the use of glass-clad polycarbonate in applications of low level protection.
India Bullet Resistant Glass Market – Recent Developments
- In January 2023, Asahi India Glass Limited announced a partnership with Enormous Brands to develop brand videos for AIS Windows, its brand for full door and window solutions. With this partnership, AIS Windows hopes to have a significant influence on the doors and windows market. Asahi India Glass Limited is a significant participant in the building and construction and automotive industries as well as India's top integrated glass and windows solutions provider.
- In June 2021, researchers at MIT and the California Institute of Technology developed a nano-engineered material that is more durable than the conventional steel or Kevlar bulletproof jackets. The substance, which is made up of linked carbon "tetrakaidecahedrons,"deflects the impact of tiny projectiles.
India Bullet Resistant Glass Market – Regional Insights
Rest of India held the largest revenue share of 15% in India bullet resistant glass market in 2022, and is expected to maintain its dominance over the forecast period. Furthermore, Rest of India is projected to be the fastest growing region in India bullet resistant glass market over the forecast period.
Maharashtra is expected to experience the fastest growth over the forecast period (2023 – 2030) due to the rising demand for bullet resistant glass.
India Bullet Resistant Glass Market – Key Players
The major players operating in 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.
*Definition: Bullet-resistant glass provides resistance against 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. This glass is optically transparent and strong, which offers strong resistance against penetration. Some of the major end-use applications of bullet-resistant glass are in the construction, banking, finance, investigation, aerospace, government, and educational sectors.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 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)
- Report Description
- Market Dynamics, Regulations, and Trend 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/Launches
- Promotion and Marketing Initiatives
- Drivers
- Market Dynamics
- India Bullet Resistant Glass Market, By Product Type 2018 - 2030 (INR Billion and Tons)
- Introduction
- Market Share Analysis, 2023 - 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Polycarbonate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- Acrylic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- Glass-clad Polycarbonate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- Polyvinyl Butyral (PVB)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- Introduction
- India Bullet Resistant Glass Market, By BRG Class, 2018 - 2030 (INR Billion and Tons)
- Introduction
- Market Share Analysis, 2023 - 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- BR1
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- BR2
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- BR3
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- BR4
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- BR5
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- BR6
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- BR7
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- Introduction
- India Bullet Resistant Glass Market, By Application 2018 - 2030 (INR Billion and Tons)
- Introduction
- Market Share Analysis, 2023 - 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Financial Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- Buildings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (INR Billion and Tons)
- Segment Trends
- Residential
- Commercial
- Introduction
- India Bullet Resistant Glass Market, By States, 2018- 2030 (INR Billion and Tons)
- Introduction
- Market Share Analysis, By States, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By States, 2018 - 2030
- Delhi
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Maharashtra
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Tamil Nadu
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Karnataka
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Gujarat
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Punjab
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Haryana
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Uttar Pradesh
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- West Bengal
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Madhya Pradesh
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Rest of India
- State Trends
- Market Size and Forecast, By Product Type, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By BRG Class, 2018- 2030 (INR Billion and Tons)
- Market Size and Forecast, By Application, 2018- 2030 (INR Billion and Tons)
- Introduction
- 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
- Saint-Gobain India Pvt. Ltd.
- 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 2030
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 State:
- Delhi
- Maharashtra
- Tamil Nadu
- Karnataka
- Gujarat
- Punjab
- Haryana
- Uttar Pradesh
- West Bengal
- Madhya Pradesh
- Rest of India