Seattle, WA -- (SBWIRE) -- 10/01/2019 -- Increasing demand for bulletproof glass from the transportation and automotive sectors is expected to boost growth of the bulletproof glass market during the forecast period (2019–2027). Moreover, increasing need for safety measures due to surge in crime rates and terror attacks around the world is also expected to lead to high demand for bulletproof glass.

Key players in the market are focused on adopting various business strategies such as acquisition to enhance their market share. For instance, in October 2013, Grey Mountain Partners acquired Dlubak Corp., a subsidiary of Consolidated Glass Holdings, Inc., which manufactures bullet-resistant glass in its fabrication plant located in Blairsville, U.S.

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North America is expected to be the largest and fastest growing market during the forecast period. This is attributed to increasing demand for bulletproof glass from the automobile industry. Moreover, major car manufacturers such as BMW, Ford, Audi, and Volkswagen are focused on launching bulletproof vehicles in North America, which is further contributing to growth of the market in the region.

Other factors that contribute to growth of the market in North America include, increasing expenditure in the defense sector, growing R&D of advanced bulletproof glass, and significant growth in the infrastructure and healthcare sector. According to Coherent Market Insights' analysis, the U.S. defense expenditure increased from US$ 521 Bn in 2017 to US$ 639 Bn in 2018. Moreover, increasing number of armed robberies in the U.S. is also expected to lead to high demand for bulletproof glass in North America.

On the basis of end-use industry, the global bulletproof glass market is segmented into the financial services industry, automotive industry, construction industry, and others. The automotive industry segment is expected to account for the largest market share and witness the fastest growth during the forecast period. The growth is majorly attributed to increasing use of bulletproof glass in the automotive sector. Armored vehicles used by VIP personnel, government embassies, and banks are fitted with bulletproof glass. Furthermore, the side and rear windows, vehicle windscreens and glass panel roofs are fitted with bulletproof glass, which can protect the vehicle from ballistic attacks. For instance, Lasco International Group, based in the U.S., provides bullet resistant flat glass and laminated window auto glass to the automotive industry. The armored auto glass segment of the company reproduces the original shape, safety and comfort, dimensions, and tight blending tolerance of the glass, and thereby optimizing the bullet resistant capacity of the glass meant for application in the automotive industry.

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Moreover, increasing R&D in bulletproof glass is also expected to boost the market growth. For instance, in June 2017, Tomsk Polytechnic University researchers began developing the transparent ceramics production technology, which is used to make bullet resistant glass for military and defense purposes. This technology focuses on decreasing the weight of the glass by two to three times, which increases the ballistic strength of the glass.

Some of the key players operating in the global bulletproof glass industry include, Saint-Gobain, Asahi Glass Co., Ltd. (AGC Inc.), Nippon Sheet Glass Co., Ltd, GUARDIAN GLASS LLC, ?i?ecam Group, Taiwan Glass Industry Corporation, SCHOTT AG, Phoenicia, Scheuten, and Consolidated Glass Holdings, Inc. among others.