Multiple Trends Impacting Strong Demand for Bulletproof Security Glass
Security concerns and infrastructure development, among others, are trends expected to impact the global bulletproof security glass market.
The global bulletproof security glass market was estimated at $4.2 billion in 2017, according to a report available from Research and Markets, and it is expected to expand at a CAGR of 11.3% from 2018-2026. The bulletproof glass market is mainly driven by growing demand from the global automotive industry. In addition, the increasing expansion of financial institutions and services in developing countries, followed by huge infrastructure development, is also expected to augment market demand during the forecast period.
Growing requirements from defense and military installations are also driving the global bulletproof security glass market. Increasing demand stems from rising security concerns following higher crime rates and terror attacks.
However, regulatory bodies are focusing on lowering emissions rates, which has hampered the development process for lighter bulletproof glass and is expected to restrain market growth during the forecast period. In addition, increasing costs of various raw materials, such as polycarbonate, are expected to hamper market growth.
Additional details are available at www.researchandmarkets.com.