The global bulletproof glass market was valued at US$ 3162.6 million in 2018, and is projected to reach US$ 6793.8 million by 2027, exhibiting a CAGR of 8.91% over the forecast period, according to the Global Bulletproof Glass Market Report, by End-Use Industry (Financial Services Industry, Automotive Industry, Construction Industry, and Others), by Application (Defense & VIP Vehicles, Cash-In-Transit Vehicles, Commercial Buildings, Government & Law Enforcement Bodies, ATM Booths & Teller Stations, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), published by . The global bulletproof glass market is likely to expand significantly during the forecast period, owing to increasing automotive and commercial applications of bulletproof glass and the militarization of law enforcement agencies of different countries. Bulletproof glass is produced by using ballistic materials such as polycarbonate, glass-clad polycarbonate, acrylic, and thermoplastics that can withstand any damage from small projectiles and bullets. Bulletproof glass is offered in varying thickness according to demand from end-user industries. End-use applications of bulletproof glass include defense & VIP vehicles, cash-in-transit vehicles, commercial buildings, government & law enforcement bodies, ATM booths & teller stations, and other applications in the marine industry and aerospace industry. To know the latest trends and insights prevalent in the global bulletproof glass market, click the link below: https://www.coherentmarketinsights.com/market-insight/bulletproof-glass-market-2825 Key Trends and Analysis of the Global Bulletproof Glass Market:
- Bulletproof glass is made up of various transparent materials with an arrangement of two or more types of glass, one hard and one soft, which can resist any king of damage from bullets or small projectiles. The number of layers stacked depend on the level of security of the glass for which it is being used. The refractive index of the different types of glass used in the manufacturing of bulletproof glass should be identical, which in turn makes the glass transparent.
- Among end-user industry, the automotive industry segment is expected to be the fastest growing segment, owing to growing use of armored vehicles to prevent blast attacks. Bulletproof glass manufacturers are focusing on developing new bulletproof security glass to cater to increasing security concerns such as blast attacks, or damage from small projectiles and bullets. For instance, Tyneside Safety Glass, a U.K. based automotive glass shop, provides numerous types of bulletproof security glass which includes flat panel glass and curved glass constructions for motorsport vehicles, hobby kit cars, production cars, and recycling collection lorries among others.
Key Takeaways of the Market:
- On the basis of geography, the global bulletproof glass market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. According to ’ analysis, North America dominated the global bulletproof glass market in 2018, owing to high demand for bulletproof glass products in the U.S from different end-use industries such as automobile, defense, and the private security industry. The rising number of armed robberies in the region, as well as its flourishing defense industry accounted for high demand of bulletproof glass in the North America region. Furthermore, key manufacturers of bulletproof glass in the U.S and Canada are focused on investing in research and development activities, and expanding their operations to develop innovative bulletproof security glass, which is expected to drive the North America bulletproof security glass market during the forecast period. For example, Prelco Inc, a manufacturer of safety glass in Canada and northeastern U.S., expanded its operation of specialized glass manufacturing in Saint-Jacques, New Brunswick, Canada, with products that included bulletproof security glass for automobiles, and for the industrial as well as commercial market.
- Some of the major players operating in the global bulletproof glass market are Saint-Gobain, Asahi Glass Co., Ltd. (AGC Inc.), Nippon Sheet Glass Co., Ltd, GUARDIAN GLASS LLC, Şişecam Group, Taiwan Glass Industry Corporation, SCHOTT AG, Phoenicia, Scheuten, and Consolidated Glass Holdings, Inc. among others.