Market Research

Bulletproof Security Glass Market Outlook, Size, Share & Forecast 2018–2026

May 19, 2020 5:39 PM ET
iCrowd Newswire – May 19, 2020

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

Bulletproof security glass market is experiencing a surge in demand, attributed to growing security concerns around the globe. Its market is highlighted in a new research report by Future Market Insights, which showcases an in-depth analysis of different aspects of the market, its application and demand. This comprehensive research report is titled ‘Bulletproof Security Glass Market: Global Industry Analysis 2013–2017 and forecast 2018–2026’. 

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$ 6,100 Mn by the end of 2026, witnessing a stellar CAGR of 9.0% during the eight year forecast period.

Bulletproof Security Glass Market: Snapshot

Exploding growth of construction and automotive industries is identified to be a key factor driving the demand for bulletproof security glass worldwide. According to the market report, commercial and institutional construction is expected to represent a market value of over US$ 5, 00,000 Mn in global bulletproof security glass market, which is higher than any other end-use industry in the market. However, in terms of growth rate, automotive industry is ahead. There is a huge scope for application of bulletproof security glass in the upcoming cars, which is why the automotive industry is expected to grow at a CAGR of 9.6% during the forecast period. Asian countries, especially India, is anticipated to witness significant demand in upcoming years.

Emergence of Lightweight Bulletproof Glass Trends in the Global Market

The market research report has come up with many new facts about the market growth and demand prevalence. Although bulletproof glass is in high demand from almost each sector worldwide, its adoption by automotive sector may have to encounter with certain challenges due to heavy weight that exerts more pressure on vehicles and fosters emission levels. However, regulatory bodies are putting extra emphasis on lowering emission rates which has fastened the process on development of lighter bulletproof glass in the market. Global players are focusing on more investments in R&D activities to enhance their product portfolios. Many major players are also seen focusing on expanding their global footprint through various mergers and acquisitions. This trend is expected to continue over the next few years.

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Company Profiles

  • 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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