Middle East and Africa Bullet Proof Glass Market, By Material (Acrylic, Laminated Glass, Polycarbonate, Glass Clad Polycarbonate, Ballistic Insulated Glass, Others), End-User (Automotive, Military, Construction, Banking, and Finance and Others), Application (Defense and V.I.P. Vehicles, Government and Law Enforcement, Cash-In-Transit Vehicles, Commercial Buildings, A.T.M. Booths and Teller Stations and Others), Security Levels (Level-1, Level-2, Level-3, Level-4 to 8, Others) - Industry Trends and Forecast to 2030.
Middle East and Africa Bullet Proof Glass Market Analysis and Size
The demand for bullet proof glass has increased because countries such as Saudi Arabia, U.A.E, and South Africa are spending more on their military and doing more development. Furthermore, an increase in the number of burglaries and bank robberies in these regions is also the major reason for the high demand for bullet proof glasses. Also, with the increasing terror attacks and crime rates over the last few years, the concern for the security and safety of the people has increased, which will further enhance the market growth.
Data Bridge Market Research analyses that the bullet proof glass market is expected to reach USD 1,286.95 million by 2030, which was USD 426.61 million in 2022, registering a CAGR of 14.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand..
Middle East and Africa Bullet Proof Glass Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Acrylic, Laminated Glass, Polycarbonate, Glass Clad Polycarbonate, Ballistic Insulated Glass, Others), End-User (Automotive, Military, Construction, Banking and Finance and Others), Application (Defense and V.I.P. Vehicles, Government and Law Enforcement, Cash-In-Transit Vehicles, Commercial Buildings, A.T.M. Booths and Teller Stations and Others), Security Levels (Level-1, Level-2, Level-3, Level-4 to 8, Others)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.)
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Market Players Covered
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Nippon Sheet Glass Co., Ltd (Japan), Saint-Gobain (France), SCHOTT AG (Germany), AGC Inc. (Japan), Taiwan Glass Industry Corporation (Taiwan), Asahi India Glass Limited (India), Guangzhou Topo Glass Co., Ltd. (China), PPG Industries, Inc. (U.S.), Xinyi Glass Holdings Limited., (China), Total Security Solutions (U.S.), Qingdao Tsing Glass Co. Limited (China), Dellner Romag (U.K.), Guardian Industries Holdings (U.S.), ESG (U.S.), Glasstronn India Private Limited (India)
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Market Opportunities
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Market Definition
Bullet proof glass is also called ballistic glass, bullet-resistant and transparent armor. It is a type of bullet-resistant thermoplastic that comprises traditional tempered glass. It is generally manufactured using polycarbonate, thermoplastic, and laminated glass. Bullet proof glass is used in high-security structures such as jewelry stores, international embassies, military bases, and vehicles of V.I.P.s. The thickness of bullet proof glasses differs from 19mm to 89mm.
Middle East and Africa Bullet Proof Glass Market Dynamics
Drivers
- Growing usage of bullet proof glass in the automotive sector
The bullet proof glass market is growing rapidly as the automotive industry expands globally. The market is developing due to some factors, such as a durable alternative to glass for vehicles that require extra layer of protection. Increasing usage of bullet proof glass in the automotive sector is expected to drive the growth of the market during the forecast period. For instance, in 2018, Tesla launched the Model S P100D, an electric car fitted with bullet proof security glass.
- Rising demand for acrylic material-based bullet proof glasses
The increasing demand for acrylic material-based bullet proof glasses will likely propel the market's growth during the forecast period. Acrylic is a transparent thermoplastic homopolymer frequently referred to as plexiglass. This material has distinctive properties that make it perfect for various purposes, ranging from household products to fiber optic cables. This material provides high impact resistance to bullet proof glasses and has better optical clarity, inherent weather ability, U.V. resistance, dimensional stability, and high chemical resistance. As a result of all these factors, the demand for acrylic material increases, eventually enhancing the market growth rate.
Opportunities
- Rising acceptance of bullet proof glass in aviation sector
With the burgeoned acceptance of bullet proof glass in various sectors in the Middle East and Africa, more opportunities for the players are projected to grow in the upcoming years. The aviation sector is one such sector that will fuel the growth of the bullet proof glass market. Bullet proof glasses are installed in the cockpit doors to protect pilots from unexpected attacks. As a result of the augmented threats of attack in aviation sector, the usage of bullet-resistant glass is likely to increase and make the market surge in the upcoming period.
- Increasing demand for acrylic material
The increasing demand for acrylic material-based bullet proof glasses will likely to create lucrative opportubites fro the market growth during the forecast period. Acrylic is a transparent thermoplastic photopolymer frequently referred to as plexiglass. This material has distinctive properties that make it perfect for various purposes, ranging from household products to fiber optic cables. This material provides high impact resistance to bullet proof glasses and has better optical clarity, inherent weather ability, U.V. resistance, dimensional stability, and high chemical resistance. As a result of all these factors, the demand for acrylic material increases, eventually enhancing the market growth rate.
Restraints/ Challenges
- Declining defense budgets
The declining defense budgets of the industrialized Middle East and African regions will impede the expansion of the bullet proof glass market. Defense budgets are highly relied on as restraints on the growth of the bullet proof glass markets, including Saudi Arabia, the U.A.E, South Africa, Egypt, and Israel. As a result, the growth rate of the bullet proof glass market will be hampered during the forecast period.
- Issues associated with the physical properties of some bullet proof glass
Some bullet proof glass and polycarbonate react differently to high variations in daily temperature. Also, if the bullet proof glass is not made with proper interlayers that mainly allow the expansion of glass molecules due to heat, then there are a lot of chances of developing a crack in these glasses. Thus, it could even break in extreme weather conditions. This factor will likely hamper the market growth.
This bullet proof glass market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bullet proof glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2023, Asahi India Glass Limited announced its collaboration with Enormous Brands to make brand films for its complete windows and doors solutions brand, A.I.S. Windows. Through this collaboration, A.I.S. Windows is directing to make a large impact in the windows and doors segment.
- In 2023, Guardian Glass signed a contract to acquire Vortex Glass, a fabrication business. This transaction between these companies will provide complete tempered glass packages for commercial and residential construction, including shower doors, office partitions, and glass railings.
Middle East and Africa Bullet Proof Glass Market Scope
The bullet proof glass market is segmented on the basis of material, end-user, application and security levels. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Acrylic
- Laminated Glass
- Polycarbonate
- Glass Clad Polycarbonate
- Ballistic Insulated Glass
- Others
End-User
- Automotive
- Defense & V.I.P. Vehicles
- Law Enforcement Vehicles
- Cash-In Transit Vehicles
- Passenger Car
- Military
- Fighter Aircraft
- Ships and Boats
- Submarines
- Others
- Construction
- Residential
- Commercial
- Industrial
- Banking and Finance
- Others
- Presidential Gatherings
- Election Department
Application
- Defense and V.I.P. Vehicles
- Government and Law Enforcement
- Cash-In-Transit Vehicles
- Commercial Buildings
- A.T.M. Booths and Teller Stations
- Others
- Post Offices
- Jewellery Shop
- Retail Stores
- Gas Stations
- Pharmacies
- Schools
- Police Stations
- Government Facilities
Security Levels
- Level-1
- Level-2
- Level-3
- Level-4 to 8
- Others
Bullet Proof Glass Market Regional Analysis/Insights
The bullet proof glass is analyzed and market size insights and trends are provided by country, material, end-user, application and security levels as referenced above.
The countries covered in the bullet proof glass market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.),
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bullet Proof Glass Market Share Analysis
The bullet proof glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bullet proof glass market.
Some of the major players operating in the bullet proof glass market are:
- Nippon Sheet Glass Co., Ltd (Japan)
- Saint-Gobain (France)
- SCHOTT AG (Germany)
- AGC Inc. (Japan)
- Taiwan Glass Industry Corporation (Taiwan)
- Asahi India Glass Limited (India)
- Guangzhou Topo Glass Co., Ltd. (China)
- PPG Industries, Inc. (U.S.)
- Xinyi Glass Holdings Limited., (China)
- Total Security Solutions (U.S.)
- Qingdao Tsing Glass Co. Limited (China)
- Dellner Romag (U.K.)
- Guardian Industries Holdings (U.S.)
- ESG (U.S.)
- Glasstronn India Private Limited (India)
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