Bulletproof Security Glass Market to hit US$ 6.1 Billion by 2026, says Persistence Market Research

Bulletproof Security Glass Market

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.

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The increasing demand for safety and security solutions in various industries, such as automotive and construction, is driving the growth of the bulletproof security glass market. The rise in crime rates and terrorist activities is also contributing to the market growth.

Challenges:

The growth of the bulletproof security glass market is also facing some challenges, such as the high cost of production and installation of bulletproof security glass. The weight and thickness of bulletproof security glass also make it difficult to handle and install. In addition, the availability of alternatives such as security films and laminates is hindering the growth of the market.

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 Players- 

• Asahi Glass Co. Ltd.
• Compagnie de Saint-Gobain S.A.
• 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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Conclusion

The global bulletproof security glass market is growing due to the increasing demand for safety and security solutions in various industries. However, the market is also facing challenges such as the high cost of production and installation and the availability of alternatives. The key players in the market are adopting various strategies to expand their market presence and product portfolio. The market is expected to continue its growth trajectory during the forecast period.

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