India Bullet Resistant Glass Market will grow at highest pace owing to increased construction activities
India Bullet Resistant Glass Market will grow at highest pace owing to increased construction activities
Blog Article
India bullet resistant glass market is growing at a significant pace owing to rising construction of commercial buildings and growing armed conflicts in regions. Bullet resistant glass offers advantages like security from ballistic attacks, durability, transparency and sound insulation. With rising threats from terror attacks and armed conflicts in regions, adoption of bullet proof windows and doors is increasing manifold in India.
The Global 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 10.2% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the India bullet resistant glass 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., Fuso Glass India Pvt. Ltd., Art-n-Glass Inc., and Gurind India Pvt. Ltd.
The India Bullet Resistant Glass Market Demand for bullet resistant glass is growing rapidly owing to increased construction of commercial buildings and rising security threats in regions. Technological advancements like development of transparent bullet proof glass with improved strength and durability are also augmenting the market growth.
Market Trends
Lighter and advanced materials: Major players are focusing on developing bullet resistant glass using advanced and lighter materials like acrylic, polycarbonate and glass composites to gain weight advantage over conventional glass.
Smart bullet proof glass: With growing adoption of internet of things, smart bullet proof glass integrated with sensors, cameras and intelligent warning systems are gaining traction.
Market Opportunities
Growing real estate sector: India is witnessing boom in its real estate sector with rising construction of commercial spaces, banks and critical infrastructures. This is generating huge demand for bullet proof windows and doors.
Government initiatives: Favorable government policies promoting use of advanced security solutions in public places is driving increased adoption of bullet resistant glass in India.
Impact of COVID-19 on India Bullet Resistant Glass Market
The India Bullet Resistant Glass Market News in COVID-19 pandemic has significantly impacted the India bullet resistant glass market. During the lockdown period, manufacturing facilities and construction sites were temporarily shut down which hampered the demand for bullet resistant glass. However, with the easing of restrictions, the market is recovering gradually. The healthcare sector witnessed increased demand for bulletproof glass panels to protect staff and patients in hospitals and medical facilities treating COVID patients.
The growing risk of terrorist attacks and violent crimes during the pandemic has also boosted the need for bulletproof installations at banks, ATMs, and other high-security areas. Various state governments are taking initiatives to install bulletproof glass windows at COVID hospitals, vaccination centers, and other public facilities to ensure the safety of people. Leading market players are focusing on developing advanced lightweight and durable bullet-resistant glass products with anti-microbial coatings to meet rising demand from the healthcare industry. The long-term outlook remains positive, driven by increased safety concerns and infrastructure development activities in the post-COVID era.
Geographical Region
In terms of value, the India bullet resistant glass market remains highly concentrated in the states of Delhi, Maharashtra, Tamil Nadu, Uttar Pradesh, and Gujarat. Delhi accounts for around 25% of the total market demand due to a high concentration of government buildings, 5-star hotels, banks, embassies and other security-critical establishments. The state government is undertaking various initiatives to install ballistic-resistant glass panels at Metro stations, flyovers, and other public infrastructure projects. Various multi-national corporations have also set up their India headquarters in Delhi, boosting the commercial installation of bulletproof glass.
Fastest Growing Regional Market
The India bullet resistant glass market is witnessing the fastest growth in South Indian states such as Andhra Pradesh, Telangana, and Karnataka. Major drivers include rapid urbanization, booming IT industry, and increasing construction activities. The cities of Hyderabad, Bengaluru, and Vijayawada are planning to install bulletproof windows at all major traffic junctions, bus depots, and metro stations for enhanced public safety and security. The governments are providing subsidies and tax benefits to promote the use of ballistic-resistant materials in infrastructure projects. Various initiatives such as 'SAFE CITY' and 'PRAKRITI' by theTelugu states aim to develop secure and protected public places utilizing bulletproof glass solutions.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)