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

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

Bulletproof safety glass is a composite material obtained by special processing of glass (or plexiglass) and high-quality engineering plastics. It is usually a transparent material that can resist bullet damage.

Market Overview:

The latest research study on the global Bulletproof Security Glass market finds that the global Bulletproof Security Glass market reached a value of USD 3548.48 million in 2022. It’s expected that the market will achieve USD 5880.12 million by 2028, exhibiting a CAGR of 8.78% during the forecast period.

COVID-19 outbreak and continuing spread

The COVID-19 outbreak and continuous spread have affected the global economy and reduced demand from downstream industries. At the same time, due to the impact of COVID-19, the logistics speed will slow down, and the supply of raw materials for bulletproof safety glass companies will be tight. Production has stagnated and the company's inventory has increased, and the production of related companies in the severely affected areas has been greatly affected. Short-term epidemics have little impact on the supply of raw materials (mainly consumption of raw materials) of enterprises, while long-term epidemics will cause immeasurable losses. If the epidemic develops further and logistics is always unsatisfactory, small and medium glass manufacturers will face turnover problems due to insufficient supply of raw materials.

The continuous development of the downstream application market

The growth of demand in the automotive industry is an important driving force for the development of the global bulletproof safety glass market. Because today's high-end cars, bulletproof safety glass will be added to ensure their safety. In addition, large-scale establishment of financial institutions and infrastructure construction will further promote the development of the bulletproof glass market. The development of aerospace industry has also promoted the development of the global bulletproof safety glass market. The continuous development of the downstream application market will promote the growth of the bulletproof safety glass market.

High production cost

As the governments of various countries have formulated strict control guidelines and the cost of various raw materials such as polycarbonate has been rising, the final production cost has become higher and higher. If the manufacturer fails to allocate high production costs to the downstream market, it will directly reduce the manufacturer's profits, which will hinder the growth of the global bulletproof safety glass market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (41.98% in 2022).

Company Overview:

Asahi Glass is one of the major players operating in the Bulletproof Security Glass market, holding a share of 14.57% in 2023.

Asahi Glass

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.

NSG

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:

By type, Monolithic Acrylic segment accounted for the largest share of market in 2022.

Application Overview:

In the Bulletproof Security Glass market, 31.98% of the total value was generated through the Vehicles Security Glass segment by application in 2022.

Key Companies in the global Bulletproof Security Glass market covered in Chapter 3:

Total Security Solutions
Viridian
ESG Glass
Fuyao Group
CSG Holding
Consolidated Glass Holdings
Armortex
Hangzhou BlueSky
Schott
Sisecam
Saint-Gobain
Taiwan glass
NSG
Asahi Glass
Guardian

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

Monolithic Acrylic
Polycarbonate
Glass-Clad Polycarbonate
Others

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

Bank Security Glass
Vehicles Security Glass
Aerospace Security Glass
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)