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(I-AutoNewsWire.com, October 19, 2021 ) The global bulletproof glass market is projected to grow from USD 3.56billion in 2016 to USD 7.65 billion by 2022, at a CAGR of 13.6% from 2017to 2022. Increasing automotive and commercial applications of bulletproof glassis expected to drive the bulletproof glass market. Increasing defense expenditure of emerging economies and growing terrorist attacks across the globe provide growth opportunities for the bulletproof glass market.
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The key players operating in the global bulletproof glass market are Asahi Glass Co., Ltd. (Japan), China Specialty Glass AG (China), American Glass Products (U.S.), Nippon Sheet Co., Ltd. (Japan), Guardian Glass (Thailand), Consolidated Glass Holdings, Inc. (U.S.), Total Security Solutions (U.S.), SCHOTT AG (Germany), D.W. Price Security (U.K.), Smartglass International Ltd. (Ireland), Apogee Enterprises, Inc. (U.S.), National Glass (South Africa), ESG Group Ltd. (England) and Armassglass (Turkey).
Key market players focus on new product launchesand expansions to cater to the demand for bulletproof glass across various applications.For instance, in 2017, American Glass Products established a new state-of-the-art facility in South America for the production of specialty glass.
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In March 2017, American Glass Products (U.S.) launched the next generation B33 with a unique combination of technology, elegance, lightness, and protection. This product is used in smartphones and tablets. It represents the most advanced technologies available in ballistic composites. This development strategy helped the company enhance its product portfolio in the bulletproof glass market.
In October 2013, Grey Mountain Partners acquired Dlubak Corp., a subsidiary of Consolidated Glass Holdings, Inc., which manufactures bullet-resistant glass in its fabrication plant located in Blairsville. Post the acquisition; the company changed its name to Dlubak Specialty Glass Corporation. This strategy helped Grey Mountain Partners enhance its presence in the bulletproof glass market.
This report provides a detailed analysis of the bulletproof glass market and segments the same based on end-user, application, and region. Based on enduser, the market has been segmented as automotive, military, banking & finance, construction, and others. Based on application, the market has been segmented as defense & VIP vehicles, ATM booths & teller stations, cash-in-transit vehicles, commercial buildings, government & law enforcement, and others. On the basis ofregion, the market has been segmented as Asia-Pacific, Europe, North America, South &CentralAmerica, and the Middle East & Africa.
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