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Nov 27, 2023

Bulletproof Glass Market Size, Sales Analysis, Top Manufacturers, Growth 2023

The latest research study “ Bulletproof Glass Market: Global Industry Trends,

The latest research study "Bulletproof Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023- 2028" by IMARC Group, finds that the global bulletproof glass market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.

Bulletproof glass, also called ballistic glass or bullet-resistant glass (BR glass), represents a transparent and strong material that resists penetration by bullets and projectiles. It is produced by using polycarbonate, acrylic, or glass-clad polycarbonate, that are capable of resistance to any damage. In line with this, bulletproof glass is installed in places where violent assaults are likely to occur, including ATM booths, banks, cash trucks, banks, and high-end vehicles that require advanced security features. Consequently, it finds wide-ranging applications across several industries, such as military, automotive, construction, banking, financial services, and insurance (BFSI), etc.

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Bulletproof Glass Market Trends and Drivers:

The rising consumer security concerns are primarily augmenting the bulletproof glass market. Furthermore, the increasing threat of terrorist attacks and the growing incidents of theft and robbery are positively influencing the global market. Apart from this, the widespread adoption of bulletproof glass across aerospace and marine sectors, as it offers excellent shatter resistance and can further withstand high pressure, is acting as another significant growth-inducing factor. Moreover, the escalating demand for bulletproof security glass in premium vehicles is bolstering the market growth. Besides this, the introduction of advanced bulletproof glass made by using additional layers of tempered glass and polycarbonate plastic that is resilient and flexible is also catalyzing the global market. Additionally, the implementation of stringent regulations by government bodies to mandate the use of this material for law and political enforcement protection and the inflating levels of disposable income are expected to fuel the bulletproof glass market in the coming years.

Who are the key players in the Bulletproof Glass Market?

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The report has segmented the market on the basis of

Type Insights:

The report has provided a detailed breakup and analysis of the bulletproof glass market based on the type. This includes acrylic, traditional laminated glass, polycarbonate, glass-clad polycarbonate, ballistic?insulated glass, and others. According to the report, acrylic represented the largest segment.

End Use Insights:

A detailed breakup and analysis of the bulletproof glass market based on the end use has also been provided in the report. This includes automotive, military, banking and finance, building and construction and others. According to the report, military accounted for the largest market share.

Breakup by Region:

Key highlights of the report:

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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