India Bullet-Resistant Glass Market

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INDIA BULLET-RESISTANT GLASS MARKET
ANALYSIS

• India Bullet-Resistant Glass Market, By
  Product Type (Polycarbonate, Acrylic, Glass-clad
  Polycarbonate, Polyvinyl Butyral (PVB)), By BRG
  Class (BR1, BR2, BR3, BR4, BR5, BR6, BR7,
  Others), By Application (Financial Services,
  Automotive, Buildings (Residential, Commercial))
  - Size, Share, Outlook, and Opportunity Analysis,
  2020 - 2027

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• Market Overview Drivers
• India bullet-resistant glass market is projected
  to surpass INR 14.5 billion by the end of 2027,
  in terms of revenue, growing at CAGR of
  9.3 during the forecast period (2020 to 2027).
• On the basis of states, Rest of India dominated
  the India bullet-resistant glass market in 2019,
  reporting 15 market share in terms of revenue,
  followed by Maharashtra and Tamil Nadu,
  respectively.

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Figure 1. India Bullet-Resistant Glass Market,
Revenue Share (), By States, 2019
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• Market Dynamics Restraints
• The majority of the bullet-resistant glass
  produced in India fails to meet international
  regulatory standards such as Europes EN 1063
  which is expected to create a negative brand
  image of bullet-resistant glass produced in
  India. Additionally, non-compliance with
  international quality standards further impacts
  the bullet-resistant glass from India. This
  factor is expected to hinder the market growth.

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• Market Opportunities
• An emerging application of bullet-resistant glass
  such as ATM booths, residential buildings, and
  armored cash trucks is expected to provide
  potential growth opportunities to the market of
  bullet-resistant glass. The ATM and banks have
  emerged as the leading application of
  bullet-resistant due to the growing need for
  safety and security coupled with expanding the
  banking sector in India.

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Figure 2. India Bullet-Resistant Glass Market
Opportunity Analysis
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• Market Trends
• The increasing trend of offering a customized
  solution by Indian manufacturer to the end-user
  as their level of security requirement is
  expected to foster the market growth over the
  forecast period. Customized products ensure
  efficient use of the products and help the
  manufacturer to differentiate their product
  offerings. This is expected to augment the market
  growth..

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Figure 3. India Bullet-Resistant Glass Market,
Revenue Share (), By Product Type, In 2019
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