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Bullet Resistance Glass Market to accrue lucrative gains over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-08 

Global Bullet Resistance Glass Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

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.

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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.

Bullet resistance often referred to as bulletproof or ballistic glass is an optically transparent but strong material having high resistance against penetration. To achieve the transparency, clear & undistorted view, index of refraction for layer of glasses must be almost same. Its thickness may vary from 19 to 89 mm (0.75 to 3.5 inches).

It is combination of two or more layers, one being soft and the other one hard. Hard layer flattens the bullet while softer layer is elastic that absorbs energy and flexes instead of getting shattered thus preventing the spall. The protection may be enhanced with increase in number of layers. Primary aim during its construction is appearance and clarity along with protection. Amorphous polymer is added to the product in order to achieve transparency.

 

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.

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.

Asia Pacific has moderate share in bullet resistance glass market and expected to increase with recent infrastructure development and use of product in buildings. Further presence of some prominent players such as Asahi and Nippon has augmented the product availability. Latin America and Middle East & Africa have nascent share with their use in security systems. 

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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.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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