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(IndustryNews247.Com, September 14, 2018 ) Overview:
Bullet-proof glass is made from ballistic materials such as polycarbonate, acrylic, glass-coated polycarbonate and thermoplastics that can withstand the damage caused by small projectiles and bullets and to violent attacks such as flights or ATMs. , high-end vehicles, shop windows, and other applications requiring advanced security features and protection against bullets and small projectiles. The bulletproof glasses are designed to withstand one or more bullets, depending on the thickness of the glass or the weapon used to shoot them.
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In the year 2018, the Global Bulletproof Glass market was valued at USD 5.19 Billion, by the year 2023 it is expected to reach USD 10.18 Million with 14.43% CAGR.
Drivers and Restraints:
Rising concerns regarding safety and security, rising robberies and thefts, increasing defense investments as well as growth of construction, financial and automotive sectors are the major factors driving the bullet- resistant market. However high cost of raw materials and failure of locally manufactured bullet resistant glasses are hindering the growth of the market.
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Geographically, the Bulletproof Glass market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America dominated the Bulletproof Glass market in 2018 and is also estimated to be the fastest-growing market, primarily due to the presence of a huge military and intelligence department in the United States.
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Major companies in the market are Smart glass International Ltd. (Ireland), Nippon Sheet Co., Ltd. (Japan), Asahi Glass 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).
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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