Bullet Resistance Glass industry analysis research and trends report for 2017-2024

Bullet Resistance Glass industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.

Global 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.

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Reasons to Buy This Report:

1. Bullet Resistance Glass Market size & share forecast by product & application 2017-2024
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

The differentiating factor of Bullet Resistance Glass Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.

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.

Bullet resistance glass is tested by firing projectile through a gun from specific distance and at specific speed. Based on the depth of dent and penetration of projectile, study is done for requirement of thickness and material of construction. Construction material depends on type of service and protection level needed that may vary from thermoplastics, polycarbonate, clad polycarbonate and acrylic.

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.

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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About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.