North America, led by the U.S. has significant share in global bullet resistance glass market attributing to increased crime rate and flourishing defence industry. Defence industry is anticipated to grow around 3.2 % in next five years with an aim to strengthen US military. Europe led by Germany has substantial share owing to well established automobile industry hosting big players such as Audi and Volkswagen. —
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Bullet Resistance Glass Market size shall witness growth owing to its use in automotive, defence and marine industry. Increasing crime rate and terrorist activities, has increased the concern for safety of people. Robberies and thefts at banks, ATM kiosks, jewellery shops and cash carrying vans have escalated. Further security concerns have augmented with the expansion in the banking sector and ATM booths.
Automobile sector is a major end use in bullet resistance glass market owing to growth in premium vehicles usage and demand for value added products has increased the product consumption. Automobile industry has grown at a CAGR of above 4.5% in last seven years that is expected to propel bullet resistance glass market in forecast period.
The Bullet Resistance Glass Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Bullet Resistance Glass Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 - 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2019
3.11. PESTEL analysis
3.14. Regional price trends
4. Bullet Resistance Glass Product Insights
5. Bullet Resistance Glass Application Insights
6. Bullet Resistance Glass Regional Insights
7. Competitor Profiles
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Huge fabrication cost is one of the major barrier in bullet resistance glass market growth. It is mainly due to rising cost of raw materials. The property gets affected by temperature and exposure to UV radiations (from sunlight). With time, the polycarbonate becomes brittle due to presence of amorphous polymer. When tested below -7° C, the inner polycarbonate layer cracks and moves backwards. Varying regulatory guidelines for material requirement and changes proposed by green councils for environment protection further restricts the product demand.
Based on application, bullet resistance glass market is segmented into bank security, display cases, ATM booths, residential buildings, premium vehicles and armoured cash trucks. The bank security glass and ATM booths have significant market share owing to high requirement of safety and security and constant increase in banking network.
Reasons to Buy This Report:
1. Bullet Resistance Glass Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Bullet Resistance Glass Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Major players of global bullet resistance glass market are Asahi, Saint Gobain, Taiwan Glass, China Glass Holding, Nippon Sheet, PPG Industries, Sisecam and Guardian Industries. Saint Gobain has adopted merger and acquisition strategy in order to increase market share. It has acquired raw material producing companies namely British Plaster Board and Grindwell Norton that has reduced its overall production costs.
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Name: Arun Hegde
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Organization: global market insights
Release ID: 527100