Global Bullet-Resistant Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bullet-Resistant Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Bullet-Resistant Glass market finds that the global Bullet-Resistant Glass market reached a value of USD 3649.93 million in 2022. It’s expected that the market will achieve USD 6143.49 million by 2028, exhibiting a CAGR of 9.07% during the forecast period.

Influence of COVID-19 Outbreak on Bullet-Resistant Glass Industry Development

Affected by COVID-19, logistics will be suspended, and the supply of raw materials for bullet-resistant glass enterprises will be tight. Production was stagnant, the company's inventory increased, and the production of related enterprises in the severely affected areas was greatly affected. The short-term epidemic has less impact on the supply of raw materials for enterprises, mainly consuming stock materials, and the long-term epidemic will cause incalculable losses. If the epidemic develops further and logistics is always unsatisfactory, small and medium-sized glass manufacturing enterprises are likely to be shut down due to insufficient raw material supply, and even large enterprises will face the same problem.

Limitations

The main market participants are mainly devoted to the development of innovative products and continue to increase their R & D investment. Mature suppliers have begun to acquire smaller regional players to help them expand their global reach. In turn, this will lead to global market consolidation. In addition, the entry of new participants will also intensify the level of competition among existing participants. In order to maintain competition and establish a market position, suppliers need to distinguish their products and service products by their unique value, which ultimately leads to fierce market competition.
Due to the strict control guidelines formulated by governments of various countries and the rising cost of various raw materials such as polycarbonate, the final production cost becomes higher. If manufacturers fail to successfully distribute high production costs to downstream markets, it will directly reduce the profits of manufacturers, which will hinder the growth of the global bullet-resistant glass market.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

The top three companies are Asahi Glass Co., Ltd, Nippon Sheet Co., Ltd and Saint-Gobain S.A with the revenue market share of 13.91%, 10.18%, 6.42% in 2019.

Asahi Glass Co., Ltd is a Japanese global glass manufacturing company with headquarters in Tokyo. Its main production areas are: automotive glass and industrial materials, biotechnology and environment, commodities and high-performance chemicals, flat glass and building materials.

Nippon Sheet Glass Company, Limited manufactures a variety of glass related products. The products include flat glass for construction, building materials, automobiles, and glassfiber products. Nippon Sheet Glass also develops glass for electronics such as plasma panels and optoelectronic devices.

Segmentation Overview:

Among different product types, Poly-Vinyl Butyral (PVB) segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Government and Law Enforcement segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bullet-Resistant Glass market covered in Chapter 3:

Nippon Sheet Co., Ltd
Guangdong Golden Glass Technologies Limited
Schott AG
Guardian Glass
Consolidated Glass Holdings, Inc
Total Security Solutions
Binswanger Glass
Saint-Gobain S.A
Taiwan Glass Ind. Corp
Asahi Glass Co., Ltd
American Glass Products

In Chapter 4 and Chapter 14.2, on the basis of types, the Bullet-Resistant Glass market from 2018 to 2029 is primarily split into:

Polycarbonate
Acrylic
Glass-Clad Polycarbonate
Poly-Vinyl Butyral (PVB)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bullet-Resistant Glass market from 2018 to 2029 covers:

Government and Law Enforcement
Cash-In-Transit Vehicles
Commercial Buildings
ATM Booths and Teller Stations
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)