Europe Bulletproof Glass Market thrives with the demand from automotive sector

Posted by rohan on March 18th, 2020

Bulletproof glass Market Overview:

Bulletproof glass, also called as transparent armor, ballistic glass, or bullet-resistant glass is a significant component of security systems that are installed at financial and commercial places like banks, premium vehicles, display cases, ATM booths, and others to combat violent activities like burglary. Bullet-proof glasses are made to resist one or more rounds of bullets depending on the thickness of the glass or on the weapon employed to fire at them. These glasses are made from a range of different materials, involving thermoplastics, polycarbonates, acrylics, and others, depending on the level of protection required for the end-user. Europe bulletproof glass market size was around USD 1.35 billion in 2017. It is estimated to grow at a CAGR of 13.46% to reach USD 2.54 billion by 2022.

Recent developments:

SCHOTT AG, a worldwide leader in pharmaceutical glass making, is inaugurating its latest glass tank facility in Gujarat, India, following an investment of about Euro 21 million. The company foresaw a fast expansion trend for high-quality glass material in the pharma industry and has hence committed additional investments of Euro 26 million for another tank facility in 2020.

Market drivers and restraints:

The progressively growing demand for bullet-resistant glass from the car segment has been one of the major aspects promoting the growth of the Europe bulletproof glass market throughout the past few years. The call for bulletproof automobiles from notable celebrities and dignitaries is involving many automobile manufacturers like BMW, Audi, Ford, Volkswagen, and others to make armored motors that additionally meet customization requests. Furthermore, the authorities are likewise one of the predominant end-users of armored vehicles, and this trend is estimated to escalate during the forecast period in Europe.

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Report segmented as:

By end user:

  • Military
  • Automobiles
  • Bankers and financers
  • Constructions

By application:

  • Cash-in transit
  • VVIP
  • VIP & defense vehicles
  • Corporate infrastructure

Geographical analysis:

On the basis of geography, the Europe bulletproof glass market is segmented into regions namely, UK, Spain, Germany, France, Italy and Others. The UK and Germany are the major contributors to the regional market in the review period.

Important market players:

Major players operating in the Europe bulletproof glass market are Smartglass 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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Joined: September 20th, 2017
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