Global Bulletproof Glass Market 2023-2030

Global Bulletproof Glass Market 2023-2030

Global Bulletproof Glass Market Size, Share & Trends Analysis Report by Type (Acrylic, Traditional Laminated Glass, Polycarbonate, Glass-Clad Polycarbonate, Ballistic Insulated Glass, and Others) and by Application (Banks, Postal, Telecommunications, Insurance, Defense and Military, and Other) Forecast Period (2023-2030)

Global bulletproof glass market is estimated to grow at a CAGR of 10.1% during the forecast period. Changing lifestyles, urbanization, and the construction of smart cities have given a push to building technologies and materials. Customers pay attention to the type of windows being installed in their homes and have a clear preference when it comes to their safety. Bulletproof glass provides a transparent security barrier for the protected objects, which makes it difficult for criminals to rob in the protected areas. Moreover, it eliminates the psychological barriers caused by the use of protective fences between the protected objects and customers, facilitates the emotional communication between the salesmen and customers, beautifies the working environment and lighting effect of the protected objects, and improves the decorative grade of the business environment and the image of the enterprise. Hence, owing to its various advantages the demand for bulletproof glass is projected to rise during the forecast period.

In addition, the market players which include, Taiwan Glass Industry Corp., Nippon Sheet Glass Co., Ltd., Armortex, Vetrotech, and others are adopting various strategies such as partnership, collaboration, and expansion that further drive the market growth. For instance, in September 2021, Vetrotech Saint-Gobain unveiled a new bullet-resistant glass, a 65mm thick Vetrogard, which has been developed, tested, and certified in India. Vetrotech’s first-of-its-kind National Institute of Justice (NIJ) bullet-resistant glass in India has been tested against Level 3 bullet resistance as per the NIJ standard. The product is designed to protect from bullet strikes from an AK-47 rifle. A 7.62mm caliber bullet travelling at 838 m/s is shot 5 times from a distance of 5 meters from the glass, and the glass qualifies as NIJ Level 3 bullet resistant.

Segmental Outlook

The global bulletproof glass market is segmented based on its type and application. Based on type, the market is sub-segmented into acrylic, traditional laminated glass, polycarbonate, glass-clad polycarbonate, ballistic insulated glass, and others. Based on application, the market is categorized into banks, postal, telecommunications, insurance, defense and military, and others. Based on type, the acrylic segment is anticipated to grow at a significant rate over the forecast period. Acrylic has rough-cut edges which are flame-polished clear, making acrylic the go-to material for the attractive, unobtrusive installations favored in most public buildings, and is used in both exterior and interior windows.

The Defense and Military Sub-Segment to Grow at a Favorable CAGR During the Forecast Period

Among the application segment, the defense and military segment is anticipated to grow at a favorable rate. The growth is attributed owing to rising geopolitical issues among several nations across the globe. This has resulted in increasing expenditure on improving the military structure and adopting advanced armors, thereby surging the product demand. The companies are providing various ranges of bulletproof glass to defense and the military sector, as Arts n Glass offers glass solutions to defense industry and the companies provide armored vehicles to the defense industry and civil sector. The bulletproof glass range offered by the company includes bullet-resistant glasses with polycarbonate. Bullet-resistant glasses without polycarbonate, flat and curved /bend bullet-resistant glass, and ceramic printed bullet-resistant glass.

Regional Outlooks

The global bulletproof glass market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, Europe is projected to grow in the bulletproof glass market. The growth of the market in Europe is owed to the rising trend of technologically advanced buildings, and steps taken by the European Union (EU) to increase the use of safety and security materials for buildings drive the market.

Global Bulletproof Glass Market Growth, by Region 2023-2030

Source: OMR Analysis

The North American Region Leads the Growth of the Global Bulletproof Glass Market

The North American region controlled the global market share of bullet-proof glass. The US is the world's top producer and exporter of bulletproof glass and the leading consumer of these glasses due to the substantial military budget. According to a World Bank report, North America's total military spending accounted for around 3.3% of the region's total GDP in 2021. Defense spending in the US rises from $596 billion in 2014 to $915 billion by 2031, according to the Congressional Budget Office. In addition, a rise in the number of terrorist attacks, and an increase in construction activities are projected to drive the market growth. For instance, according to the Department of Homeland Security (DHS) Office of Intelligence and Analysis (I&A) tracks the number of open domestic terrorism-related cases which grew by 357% from 1,981 to 9,049, From 2010 to 2021, I&A tracked a total of 231 domestic terrorism incidents in the US.
\Market Players Outlook
Major companies contributing to the global bulletproof glass market include Apogee Enterprises, Inc., Nippon Sheet Glass Co., Ltd., Binswanger Enterprises, LLC, Centigon France SAS, PPG Industries, Inc., and others. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market. For instance, in January 2023, Guardian Glass signed an agreement to acquire Vortex Glass. This transaction between the two companies lead to providing customers with complete tempered glass packages for residential and commercial construction, including office partitions, shower doors, and glass railings.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global bulletproof glass market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.