Technavio Announces the Publication of its Research Report Global Bulletproof Glass Market 2016-2020
Technavio recognizes the following companies as the key players in the global bulletproof glass market: Asahi Glass, China Specialty Glass, Guardian Industries, NSG, and Saint-Gobain.
Other Prominent Vendors in the market are: Apogee Enterprise, Binswanger Glass, China Glass Holdings, Guangzhou Sky Tiger Tempered Glass, Jiangsu Yongxiang Glass Technology, Qufu Shenglu Bulletproof Glass Engineering, PPG Industries, SCHOTT, ?i?ecam, and Taiwan Glass.
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Commenting on the report, an analyst from Technavios team said: The global bulletproof glass market is witnessing the increased adoption of polycarbonates compared with acrylic in the manufacturing of bulletproof glass. Acrylic has a thickness of over one inch and is 50% lighter than glass. Even though it is lighter than glass, it is more brittle and can easily shatter upon the impact from a bullet. Acrylic is also more likely to get scratched and is almost as expensive as polycarbonate.
According to the report, the global bulletproof glass market is witnessing the increased use of bulletproof glass in the luxury automobiles worldwide. Automobile giants like BMW, Audi, and General Motors have started producing armored vehicles to meet the customized requests from the high-profile customers. This is creating the demand for bulletproof glass, which will increase the revenue of the global bulletproof glass market during the forecast period.
Further, the report states that bulletproof glass can be affected by environmental factors such as exposure to ultraviolet radiation, extreme temperature, or certain solvents. For instance, below-zero temperatures can sometimes cause the polycarbonate used in bulletproof glass to break off. The polycarbonate can also be affected by ultraviolet radiation as well.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Bulletproof Glass
Bulletproof glass, also known as ballistic or bullet-resistant glass, is a composite of thermoplastic and glass-laminated layers. The combined substance is used to resist or absorb the impact of bullets or similar ammunition. Bulletproof glass is prepared by inserting a layer of thermoplastic in between the laminated glasses, and different layers are stacked together. Depending on the purpose of the application, the thickness of the bulletproof glass range from 0.25 to 3.5 inches.
Technavios analysts forecast the global bulletproof glass market to grow at a CAGR of 9.48% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global bulletproof glass market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of bulletproof security glass widely used worldwide in various end-user applications.
The market is divided into the following segments based on geography:
Technavio’s report, Global Bulletproof Glass Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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