DUBLIN--(BUSINESS WIRE)--The "Global Bulletproof Security Glass Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global bulletproof security glass market accounted for US$ 4.24 Bn in 2017, and is expanding at a CAGR of 11.3% from 2018 to 2026.
The bulletproof glass market is mainly driven by growing demand of global automotive industry. This coupled with growing demand from tech savvy consumers for various value added automobile products is also propelling the growth of bullet proof security glass market in the automobile segment during the forecast period.
In addition, increasing expansion of financial institutions and services in developing countries followed by huge infrastructural development is also expected to augment the market demand during the forecast period.
Growing demand from defense and military installations is also driving the global bulletproof security glass market. Trend shows that manufactures are focusing on developing innovative bulletproof security glasses owing to the rising security concerns from defense and military industry. For example, Saint-Gobain Crystals deals with transparent sapphire glass armoring that aims to protect military vehicles.
Increasing demand owing to rising security concerns following higher crime rates and terror attacks are other factors expected to drive the global bulletproof security glass market.
However, regulatory bodies are focusing on lowering emission rates which has hampered the process of development of lighter bulletproof glass which in turn is restraining the market growth during the forecast period. In addition, increasing cost of various raw materials such as polycarbonate is also expected to hamper the growth of this market.
The global bulletproof security glass market has been segmented by end-user, application and geography. In 2017, automotive segment dominated the global bulletproof security glass market by end-users. In terms of application, defense & VIP vehicles segment held the largest revenue and volume share in 2017. In terms of geography, North America is the most prominent market and held the largest market share both in terms of value and volume in the global bulletproof glass market.
Companies Profiled
- Saint-Gobain S.A.
- Asahi Glass Co. Ltd.
- Taiwan Glass Ind. Corp.
- American Glass Products
- Schott AG
- Consolidated Glass Holdings Inc.
- China Specialty Glass AG
- Nippon Sheet Glass Co. Ltd.
- Guangdong Golden Glass Technologies Limited
- Total Security Solutions
- Guardian Glass
For more information about this report visit https://www.researchandmarkets.com/research/3dcnk5/the_global?w=4
