Bulletproof Glass Market Forecasts to 2028 – Global Analysis By Material Type (Acrylic, Ballistic Insulated Glass and Other Types), Security Levels (Security Level-1, Security Level-2, Security Level-3 and Security Level-4 to 8), Application (ATM Booths &

Bulletproof Glass Market Forecasts to 2028 – Global Analysis By Material Type (Acrylic, Ballistic Insulated Glass and Other Types), Security Levels (Security Level-1, Security Level-2, Security Level-3 and Security Level-4 to 8), Application (ATM Booths & Teller Stations, Cash-in-Transit Vehicles and Other Applications), End User and Geography

According to Stratistics MRC, the Global Bulletproof Glass Market is accounted for $7.53 billion in 2022 and is expected to reach $15.28 billion by 2028 growing at a CAGR of 12.5% during the forecast period. Bulletproof glass is a tough, optically clear glass that is resistant to penetration by projectiles like shells and bullets. Bulletproof glasses are made up of numerous layers of thermoplastics and laminated glasses that make bulletproof glass and give varying levels of protection. The pressure exerted by the bullet on the surface of the glass is easily handled by these glasses. Bulletproof glass is utilised in high-security buildings and facilities such as jewellery stores, military sites, international embassies, and VIP vehicles. The thickness of these bulletproof glasses ranges from 19mm to 89mm.

According to the International Trade Administration, by the end of 2018, the U.S. banking system had $17.9 trillion in assets and a net income of $236.8 billion.

Market Dynamics:

Driver:

Rising safety & security from automotive industry

The bulletproof glass industry is expanding rapidly as the automotive, construction, and military industries expand globally. The market is expanding due to factors such as a long-lasting alternative to glass for structures and automobiles that require an extra layer of protection. The drastic changes in various end-use industries have had a favourable impact on bullet proof glass, as the security and safety of consumers and shareholders has gained precedence. In addition, there was the evident growth of the demand for bulletproof glass in homeless spaces, government protection, and the transport of valuable packages and so on.

Restraint:

High price of bulletproof glass

Bulletproof glass is made of materials like acrylic, polycarbonate, and thermoplastic, which range in price from moderate to expensive. However, the amount of pollutants and hazardous emissions emitted during the processing of these raw materials endangers human health and has a negative influence on the environment. The entire cost of the device is determined by material costs, installation costs, electricity costs, and functional elements such as varied levels of resistance depending on the type of bullet or rifle used. The manufacturing technique and technology for bullet resistant glass are expensive since they require ingredients that are scarce in nature.

Opportunity:

Increasing expenditures of emerging economies in various end-use industries

Strong demand from the military, government structures, retail shops, liquor stores, banks, and other businesses is expected to drive market expansion. Bulletproof glass is used in military and defence applications such as viewports and windows in ground vehicles and aircraft, mine detectors, armoury equipment, fighting vehicles, battle tanks, and carrier trucks. Additionally, the device is utilised to secure military bases, bunkers, and guard posts from outside terrorists or accidental strikes. Furthermore, the remarkable security benefits of these glasses have been adapted into civil and municipal places. The increasing product application of transparent ballistics-resistant laminations in bank security generates market opportunities.

Threat:

Declining defence budgets and high investments required

The diminishing defence budgets of industrialised nations will stymie the expansion of the bullet proof glass business. Defense budgets are relying on as restraints on the expansion of the bulletproof glass markets for the world's major economies, including Canada, the United States, the United Kingdom, France, Germany, Japan, and Italy. A further predicted drawback for the market for bulletproof glass is the high costs associated with production, research, and development. As a result, the growth rate of the bullet proof glass market will be hampered.

Covid 19 Impact

After the coronavirus, bulletproof glass manufacturing will become more adaptable. The nationwide lockdown has caused significant delays in national and international shipping, which has had a significant impact on the worldwide supply chain for bulletproof glass, exacerbating the supply-demand imbalance. As a result, insufficient raw material supply is projected to slow the manufacturing rate of bulletproof glass, decreasing market growth. However, the situation is expected to improve as governments around the world continue to decrease regulations to allow firms to resume operations.

The Acrylic segment is expected to be the largest during the forecast period

The Acrylic segment is estimated to have a lucrative growth, as it offers high impact resistance, is lightweight and has better optical clarity, dimensional stability, inherent weatherability, UV resistance and high chemical resistance. Acrylic is a transparent thermoplastic homopolymer that is also known as plexiglass. The material has unique qualities that make it perfect for a variety of applications, ranging from basic household goods to fibre optic cables that power the planet. Furthermore, acrylic is a versatile plastic substance with many uses and benefits that comes in a variety of colours and opacities.

The Defence & VIP Vehicles segment is expected to have the highest CAGR during the forecast period

The Defence & VIP Vehicles segment is estimated to have a lucrative growth, due to increase in the defence budget by government organizations to bolster the military strength of the nation. These bulletproof glasses are designed to withstand one or more rounds of bullets, depending on the weapon used and the thickness of the glass employed. Furthermore, most bulletproof glasses are constructed from layers of one or more types of such material or traditional tempered glasses. Such improvements, combined with prevailing demand patterns, are expected to drive the worldwide bulletproof glass market throughout the forecast period.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the rise in riots and increase in rate of gun violence within the region. The expanding trend of strengthening infrastructure protection from terrorist attacks and wars is providing industry opportunities. Furthermore, increased consumer awareness of personal safety in residential structures and autos is driving up product demand in the region. The growth in the number of robberies and burglaries in the United States is one of the reasons for the strong demand for bullet-proof glasses in the area. Such reasons, together with public interest, will contribute to increased demand for bullet-proofing glasses in all of the listed sectors over the projection period.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the large number of construction projects undertaken in developing countries, including India and China. The large population of the countries has increased the development of tall residential and commercial buildings that require high-end safety and security for consumers, driving market expansion. Furthermore, due to rising security threats and discretionary incomes, the region has seen a surge in demand for bulletproof car eyewear. Another key factor driving the increased use of bulletproof vehicles is the reduction of many countries' national defence resources.

Key players in the market

Some of the key players profiled in the Bulletproof Glass Market include Asahi Glass Co., Ltd., Nippon Sheet Co., Ltd., National Glass, China Specialty Glass AG, SCHOTT AG, Smartglass International Ltd., D.W. Price Security, Consolidated Glass Holdings, Inc., Taiwan Glass Ind. Corp., China Specialty Glass AG, Guardian Industries Corp., PPG Industries, Inc., Apogee Enterprises, Inc., Emco Industrial Plastics Inc., Saint-Gobain S.A., Total Security Solutions and ACG Inc.

Key Developments:

In June 2020, AGC Glass Europe is the first glassmaker able to offer Cradle to Cradle Certified Silver laminated glass. Since the beginning of its Cradle to Cradle journey in 2010, AGC has been fiercely committed to continuous improvement and offers the widest range of Cradle to Cradle Certified Silver and bronze certified products available on the market.

Types Covered:
• Acrylic
• Ballistic Insulated Glass
• Glass-Clad Polycarbonate
• Polycarbonate
• Traditional Laminated Glass
• Other Types

Security Levels Covered:
• Security Level-1
• Security Level-2
• Security Level-3
• Security Level-4 to 8

Applications Covered:
• ATM Booths & Teller Stations
• Cash-in-Transit Vehicles
• Defence & VIP Vehicles
• Government & Law Enforcement
• Security Level-1 Buildings
• Other Applications

End Users Covered:
• Banking & Finance
• Construction
• Military
• Automotive
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements