Bulletproof glass nowadays is a significant element of security systems installed at places that are likely to encounter violent assaults like robberies, or in cash trucks, banks, premium vehicles, display cases, ATM booths, and other applications that call for advanced security features and protection from bullets and small projectiles. Bulletproof glasses are made to resist one or more rounds of shots depending on the thickness of the glass or on the weapon employed to fire at them. They are made from a range of different materials, involving thermoplastics, acrylics, polycarbonates, and glass-clad polycarbonates, depending on the level of protection sought for an application. Europe bulletproof glass market size was valued at around USD 1.35 billion in 2019 and is estimated to progress at a CAGR of about 14% to reach USD 2.54 billion by 2025.
SCHOTT AG, a leading player in pharmaceutical glass making, is inaugurating its latest glass tank facility in Jambusar, Gujarat following an investment of 21 Euros million last years. The company foresaw a fast expansion trend for high-quality glass material in the pharma industry and has hence committed additional investments of 26 Euros million for establishing another facility by the end of 2020.
Market drivers and restraints:
The augmenting demand for bullet-resistant glass from the car segment has been one of the major factors contributing to the development of the Europe marketplace throughout the last few years. The call for bulletproof automobiles from notable celebrities and dignitaries is involving many automobile manufacturers including BMW, Audi, Ford, Volkswagen, and others to make armored motors and additionally meet their customization requests. Moreover, the authorities are one of the prominent end-users of bulletproof vehicles, and this trend is estimated to escalate in Europe during the forecast period.
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Report segmented as:
- Bankers and financers
- Cash-in transit
- VIP & defense vehicles
- Corporate infrastructure
On the basis of geography, the Europe market for bulletproof glass is segmented into regions of UK, Spain, Germany, France, Italy and Others. Germany, with a robust automobile industry, acts as a prominent revenue-generating nation for bulletproof glass business in Europe.
Important market players:
Major players operating in the Europe bulletproof glass market are Smart Glass International Ltd. (Ireland), Nippon Sheet Co. Ltd. (Japan), Consolidated Glass Holdings, Inc. (U.S.), Total Security Solutions (U.S.), SCHOTT AG (Germany), Apogee Enterprises, Inc. (U.S.), and National Glass (South Africa).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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