Global Bulletproof Security Glass Market Overview:
Bulletproof glass is very different to ordinary glass and is made from multiple layers of tough glass with interlayer of various plastics. Sometimes, there’s a final inner layer of polycarbonate or plastic film to prevent dangerous shards of glass. This sandwich of layers called as laminate can be up to ten times thicker than a single pane of ordinary glass and it’s usually very heavy. When a bullet strikes bulletproof glass, its energy spreads out sideways through the layers. Because the Power is divided between a number of different pieces of glass and plastic, and spread over a large area, it is quickly absorbed. The bullet slows down so much that it no longer has enough energy to pierce through or to do much damage. Bulletproof glass comes in all shapes and sizes to give different levels of protection in different situations. They are most likely to find it in places like banks, armored vehicle, etc. The global bulletproof glass market was valued at USD 5.31 Billion in 2018, and is expected to reach USD 8.12 Billion by 2023, at a CAGR of 15.24% from 2018 to 2023.
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Global Bulletproof Security Glass Market Drivers and Restraints:-
The global Bullet proof security glass market rises its demand due to its applications in building & construction, automobiles, and military sectors with simultaneous significant growth in incidences of terrorism across the globe. The growth is expected to continue in the forecast period due to some of its day to day usage in VIP vehicles and banks. Moreover, its growth is constant with the constant development of security norms in several regions. The bulletproof glass market rises in defense & VIP vehicles segment includes combat vehicles, transportation of personnel, premier vehicles, VVIP vehicles, vehicles used by governments, embassies, and others for protection from ballistic or blast attacks sectors. However, the market may face challenges like high price in the forecast period.
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Global Bulletproof Security Glass Market Geographical Segmentation:-
Geographically, North America is the largest market for the growth of bulletproof glass in 2018 due to the increase in their security norms implemented by their government. Asia Pacific is the second largest for bullet proof glass market due to the tremendous increase in population and urbanization of banks and their security and expected to continue in the forecast period. Europe and Middle East witnesses a major growth due to the abundant availability of raw materials and labor.
Key Players in this Market Report:
Some of the key players are Asahi Glass, China Specialty Glass AG, Nippon Sheet, Saint-Gobain S.A, Consolidated Glass Holdings, Total Security Solutions, SCHOTT AG, D.W. Price Security, Smartglass International, Apogee Enterprises, and National Glass.
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