Bulletproof Security Glass Market 2022
According to the report, the global market for bulletproof security glass is triggered by an upturn in many other industries like automotive, infrastructure, and defense, where it is notably used. The forecast says that global bulletproof security glass market is expected to reach a value of over US$ 6.1 Bn by the end of 2026, witnessing a stellar CAGR of 9.0% during the eight year forecast period.
Bulletproof security glass is a type of safety glass that is designed to protect its occupants from small arms fire and explosives. It is usually made from two or more layers of different types of glass, with the layer closest to the viewer being made of a stronger material. This type of glass is used in a wide variety of applications, including banks, government buildings, jewelry stores, and other high-value retail establishments.
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PMR delivers key insights on the global Bulletproof Security Glass market in its revised report entitled ‘Bulletproof Security Glass Market: Global Industry Analysis (2012 – 2016) and Forecast (2017–2025).’ This report has analyzed every angle of the global market that can support the reader in taking informed decisions and tap new regional markets. Estimated sales of bulletproof security glass in global market is valued to be US$ 2,801.9 Mn by the end of 2017 and touch a value more than US$ 5 Bn by 2025 end, witnessing a growth of 9.1% over the year 2025.
Global Bulletproof Security Glass Market Dynamics
Need to ensure the maximum safety of financial sector buildings and institutions & reducing risk to human life is anticipated to boost the demand for the bulletproof security glass for various applications across the globe. Further, thriving defense sector is expected to drive the demand for bulletproof security glass. Rising number of civilian vehicles, military vehicles, high security installations and structures such as airports, buildings and financial institutions are expected to escalate the growth of bulletproof security glass market
Key Companies-
- Asahi Glass Co. Ltd.
- Company of Saint-Gobain SA
- Nippon Sheet Glass Co., Ltd.
- Guardian Industries Corp.
- China Glass Holdings Limited
- Sisecam Group
- Taiwan Glass Ind. Corp.
- Phoenicia Flat Glass Industries Ltd.
- Schott AG
- Scheuten Glass Holdings B.V.
- Apogee Enterprises, Inc.
- Duratuf Glass Industries (P) Ltd.
- Jeet & Jeet Glass and Chemicals Pvt. Ltd.
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Global Bulletproof Security Glass Market: Segmental Forecast
On the basis of application, the report states that the bank security glass will continue to dominate the market during the forecast period followed by armored cash trucks segment. On the basis of end-use, the commercial & institutional construction segment is projected to dominate the market in terms of values and volumes during the forecast period. In 2016, the commercial & institutional segment was valued at about US$ 440 Mn and is estimated to reach a high valuation of around US$ 915 Mn by 2025 end.
By region, Europe bulletproof security glass market may continue to dominate the global market during the forecast period owing to rapid growth of automotive and construction industry wherein the bulletproof security glass are primarily utilized in various buildings and premium cars. Germany is expected to hold major revenue share in the Europe bulletproof security glass market over the forecast period. North America and APAC are estimated to grow at value CAGRs of 8.1% and 8.7% respectively over the forecast period.
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