Growing Construction Industry to Drive Bulletproof Glass Market During 2022–2028
According to our latest study on "Bulletproof Glass Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application, End User, and Geography," the bulletproof glass market is expected to grow from US$ 4.1 billion in 2022 to US$ 9.4 billion by 2028; it is estimated to record a CAGR of 9.6% between 2022 and 2028.
Bulletproof Glass Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by End User (Automotive, Military, Construction, Banking and Finance, Others); Application (Defense and VIP Vehicles, Government and Law Enforcement, Cash-In-Transit Vehicles, Commercial Buildings, ATM Booths and Teller Stations, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
Bulletproof Glass Market Developments by 2031
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Bulletproof glass is made from acrylic or polycarbonate layered between sheets of glass. Polycarbonate glasses are more secure than acrylic glasses. Polycarbonate bullet-resistant glass provides protection against various weapons ranging from handguns to extremely powerful rifles.
The global bulletproof glass market is segmented on the basis of application, end user, and geography. Based on end user, the market is segmented into automotive, military, construction, banking & finance, and others. The construction segment is expected to hold a significant market share during the forecast period. Bulletproof glass is highly used in residential buildings, commercial buildings, government offices, etc. Glass is one of the most common materials used for windows, doors, walls, and any other part of a building.
Bulletproof glass is designed to withstand one or many rounds of bullets depending on the firing weapon and the thickness of the glass. The glass is highly used in defense and VIP vehicles, government and law enforcement, cash-in-transit vehicles, commercial buildings, ATM booths, and teller stations. It is used to protect people from being injured or killed by a bullet. In many organizations and businesses, bulletproof glass is used to provide high safety and security to protect operations and assets. For vehicles, bulletproof glass is a multi-purpose protective glass that provides an additional level of security. Bulletproof glass is highly essential for banks and financial institutions, as they need to defend themselves against a variety of hazardous situations, including theft and violence against employees. The glass can also protect workers who operate in contact-facing roles by providing a safe barrier in the consumer service department while still allowing for seamless communications. Due to all these benefits of bulletproof glasses, their demand is increasing from various application sectors.
Saint-Gobain S.A.; Armass Glass; BCE Glass Industry; SCHOTT; Asahi India Glass Limited.; PPG Industries, Inc.; Guardian Industries Holdings; Bullet Guard Corporation; SILATEC GmbH; and Duratuf Glass Industries (P) Ltd. are among the players operating in the global bulletproof glass market. Market players are focusing on providing high-quality products to fulfill customer demand. Several other major companies were studied and analyzed during this research study to get a holistic view of the market and its ecosystem.
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