TechNavio recognizes the following companies as the key players in the Global Bulletproof Glass Market: Asahi Glass Co. Ltd., China Specialty Glass AG, Nippon Sheet Glass Co. Ltd., PPG Industries Inc., and Saint-Gobain Group.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends being witnessed in the market is the rapidly increasing urbanization, which will have a positive influence on the Housing sector, thereby boosting the demand for bulletproof glass used for safety purposes. The increasing urbanization will also drive the demand for bulletproof glass in high-end automobiles, high-end residential buildings, and in the Banking sector. The fast-paced growth of urbanization is directly proportional to the security threats faced by high-net-worth individuals. Hence, high-net-worth individuals are now opting for bulletproof cars and armored vehicles as well as very secure residential architectures. Thus, the rapidly increasing urbanization is expected to have a positive impact on the growth of the market during the forecast period.”
According to the report, one of the main drivers in this market is the rapid growth of the Automobile sector. With many countries emerging from the economic crisis, the GDP of countries such as the US, Southeast Asia, and China are steadily improving. This has, in turn, propelled the growth of the Automobile sector. Moreover, the improving economic conditions in many countries have promoted spending on value-added features in automobiles such as bulletproof security glass.
Further, the report states that one of the major challenges in this market is the sluggish demand in the Construction sector. This is mainly attributed to the financial sub-prime crisis of 2008-2009, which has had a negative impact on the Construction sector. Bulletproof glass is mainly used in housing projects and building, in windows, facades, and reinforcement structures. However, currently, there is a weak demand for high-security bulletproof glass from the Construction sector.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-bulletproof-glass-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Bulletproof Glass Market 2012-2016
