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Global Bullet-Resistant Glass Market InsightJanuary 19, 2022 Comments
The bullet-resistant glass had a stable increasing in the past. According to the WK-chem Research “Global Bullet-Resistant Glass Professional Survey Report 2022, Forecast to 2027”, due to its excellent performance, the use of bullet-resistant glass in aerospace and marine industries is increasing, which is expected to promote market growth.. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.12% base on WK-chem Research regression analysis model.
“More and more bullet-resistant glass is used in aerospace and marine industries involving high-pressure environment. This kind of glass has excellent crushing resistance and high-pressure resistance, which is expected to provide profitable growth opportunities”, said Muse Lawrence, Senior analyst, Chemical and Material Market Research Center in WK-chem Research.
There is a growing need for safety and protection. Present criminal activity and terrorist attacks give the bullet-resistant glass market a great deal of growth. In many industries, such as banking, finance, construction, science, air traffic control, government and education, bullet-resistant glasses are in great demand due to the rising security requirements. The key features of this development are the rise of crime terrorist attacks and vehicle developments to improve security. In addition, there was the evident growth of the demand for bullet-resistant glass in homeless spaces, government protection, and the transport of valuable packages and so on.
The increasing energy cost in the manufacturing process of bullet-resistant glass is expected to limit the market growth of bullet-resistant glass. The glass production process is energy intensive and consumes a lot of energy. Therefore, participants focus on R & D activities to develop innovative and cost-effective technologies to save energy, maintain profits and survive in the competition. This factor is expected to hinder the market growth of bullet-resistant glass.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bullet-resistant glass companies that include: Asahi Glass co. Ltd, Taiwan Glass Ind. Corp., Saint-Gobain S.A., China Glass Holdings Limited, PPG Industries Inc., Nippon Sheet Glass, Sisecam, China Glass Specialty AG, and Guardian Industries.
Segmentation of Bullet-Resistant Glass Market:
According to the type, the market for bullet-resistant glass is divided into acrylic, traditional laminated glass, polycarbonate, glass-clad polycarbonate, ballistic insulated glass and others. Acrylic segment had accounted for the maximum share as they are most common raw material used in the manufacturing of any type of glass and also they are easily available.
According to the application, the market for bullet-resistant glass is divided into Automotive, Buildings and Construction and Defense. Automotive has the largest market share. Bullet-resistant glass is one of the most important component of a passenger armored vehicle; most shooters aim at the windows because they can see through it. The ballistic glass is made of highly resistant, optically advanced, and transparent materials which in combination can stop most of the bullets available in the world today. A combination of several layers of glass and avant-garde flexible, transparent materials provide for the best of optics and protection ranging from low-level hand-gun to high power rifle ballistic protection.
Bullet-Resistant Glass Market: Regional Analysis
In terms of geography, the global bullet-resistant glass market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. From a geographic standpoint, the global bullet-proof glasses market is dominated by North America, followed by Europe. The rising number of armed robberies in North America and the flourishing defense industry of the region can be attributed for the high demand for bullet-proof glasses in the region. However, the market is also expected to witness significant growth in Asia Pacific and the Rest of the World (RoW) regional sectors over the report’s forecast period owing to the flourishing finance sector in Asia Pacific and rising infrastructure development activities in RoW.
Largest share area：North America
Largest share country：United States
Product Type(by XXXX)：Acrylic, Traditional Laminated Glass, Polycarbonate, Glass-clad Polycarbonate, Ballistic Insulated Glass and Others.
Application：Automotive, Buildings and Construction and Defense.
Leading Company：Asahi Glass co. Ltd, Taiwan Glass Ind. Corp., Saint-Gobain S.A., China Glass Holdings Limited, PPG Industries Inc.