Rising safety and security concerns amongst the populace are driving demand for bulletproof glass, which is expected to further increase over the next five to six years.
Albany, NY -- (SBWIRE) -- 01/21/2016 -- Bulletproof glass also known as bullet-resistant glass, transparent armor, and ballistic glass is made up of transparent materials that can resist any damage from small projectiles and bullets. It is usually made with an arrangement of two or more types of glass, one hard and one soft. The glass product is produced using ballistic materials such as polycarbonate, acrylic, glass-clad polycarbonate, and thermoplastic that can withstand any damage from small projectiles and bullets.
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Bulletproof security glass is mainly used in the end user industries such as financial services industry, automotive industry, construction industry, aerospace industry and marine industry. Bulletproof glasses are being used in a number of applications such as bank security glass, armored cash trucks, ATM booths, display case, residential buildings, premium vehicles, and so on.
Manufacturers and service providers of bulletproof security glass are consistently investing in research and development activities in order to upgrade existing systems and to develop newer technologies. Bulletproof security glass is of different kinds depending on its thickness and end- user's demand. Bulletproof security glasses are majorly applied for the security purposes. Increasing security needs are fueling the growth of bulletproof security glass market globally.
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The global bulletproof security glass market is anticipated to grow from an estimated USD 2397.5 million in 2015 to USD 3972.5 million by 2021 at a CAGR of 8.8% during the forecast period.
North America is the largest region and dominated the global bulletproof security glass market in 2014 while The Middle East & Africa represents the fastest growing region in the bulletproof security glass market in terms of value.
The North American bulletproof security glass market is anticipated to grow from an estimated USD 638.7 million in 2015 to USD 1,016.6 million by 2021 at a CAGR of 8.1% during the forecast period.
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