The
India bullet resistant glass market is witnessing significant growth led by
rising security threats and increasing installation of bulletproof glasses in
government and commercial buildings.
The
India Bullet Resistant Glass Market is estimated to be valued at US$ 10.81 Bn
in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024
To 2031.
Bullet resistant glass, also known as ballistic glass, is a type of strong
transparent material or glass that can resist ballistic projectiles or
explosions. It provides protection from gunshots and explosive detonations.
Bulletproof glass finds wide applications in automotive vehicles, security
booths, bank protection, weapons chambers and more to provide safety and
security. The growing criminal activities and terrorism threats have boosted
the demand for bullet resistant glass in India over the years.
Key Takeaways
Key players operating in the India Bullet Resistant Glass market are
Saint-Gobain India Pvt. Ltd., Asahi India Glass Limited, Gujarat Guardian Ltd.,
Duratuf Glass Industries (P) Ltd., Jeet Jeet Glass and Chemicals Pvt. Ltd.,
Gold Plus Glass Industry Limited, FG Glass Industries Pvt. Ltd., Chandra
Lakshmi Safety Glass Ltd.
The
India
Bullet Resistant Glass Market Demand for bulletproof glass has
increased tremendously over the years owing to rising security threats across
offices, buildings and automotive sector in the country. Various government
organizations and private firms are focusing on installing bulletproof glasses
for protecting people and infrastructure.
The bullet resistant glass market in India is also expanding globally with
leading players exporting their products to other countries in Middle East,
Asia Pacific and Africa. The increased foreign collaborations and partnerships
are helping companies to set up new manufacturing plants and augment their
international presence.
Market key trends
One of the key trends witnessed in the India bullet resistant glass market is
the increasing use of advanced polymers in manufacturing bulletproof glasses.
Many players are developing specialized polycarbonate sheets that offer higher
strength and transparency compared to basic glass materials. These premium
polymer laminated glasses can withstand higher caliber weapons and explosions.
With ongoing R&D, bullet resistant glass technology is expected to evolve
further in terms of performance, durability and design flexibility.
Porter’s Analysis
Threat of new entrants: The Indian bullet resistant glass market requires
substantial investments and has stringent regulations which acts as a deterrent
for new players.
Bargaining
power of buyers: The buyers have low bargaining power as there are limited
suppliers and bullet resistant glass is a specialized product.
Bargaining
power of suppliers: The suppliers have moderate bargaining power due to the
specialized nature of the product and investments required.
Threat
of new substitutes: There are limited substitute products for bullet resistant
glass.
Competitive
rivalry: The market is moderately competitive with the presence of both
international and domestic players.
India holds the largest share in the Asia Pacific bullet resistant glass market
in terms of value. The northern region accounts for the highest demand due to
high security concerns in states like Punjab, Jammu and Kashmir.
The Middle East region is expected to witness the fastest growth during the
forecast period. This is attributed to rising political instability and
security issues across various countries including Iraq, Syria and Yemen.
Countries like United Arab Emirates are undertaking numerous infrastructure
projects which will propel the need for security and surveillance.
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Vaagisha
brings over three years of expertise as a content editor in the market research
domain. Originally a creative writer, she discovered her passion for editing,
combining her flair for writing with a meticulous eye for detail. Her ability
to craft and refine compelling content makes her an invaluable asset in
delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
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