India Bullet Resistant Glass Market is Powered by Growing Adoption in Buildings and Infrastructure by Increasing Criminal Activities
The India bullet resistant glass market comprises architectural glass products that provide ballistic protection from small arms fire and fragment-propelled threats. Bulletproof glass finds widespread adoption in residential and commercial buildings, banks and ATMs, embassies and consulates to protect people from bullets and gunshots during armed attacks or criminal activities. The superior strength and clarity of ballistic-resistant glasses allow natural lighting while ensuring security. Such products are manufactured using different techniques including laminated glass, reinforced laminated glass, and polycarbonate sheets that encapsulate layers of ultra-strong polymer film or thermoplastic resin between sheets of glass to defeat projectiles.
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 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., Fuso Glass India Pvt. Ltd., Art-n-Glass Inc., and Gurind India Pvt. Ltd.
The India Bullet Resistant Glass Market Demand for bulletproof glasses is increasing in India due to rising crime rates and terrorist activities across commercial buildings, government premises, and public places that necessitate ballistic protection for safety. Various state governments have also made bulletproof windows mandatory in banks, jewellery shops, and other cash handling businesses prone to armed robberies.
Major global ballistic glass manufacturers are expanding their operations in India and setting up local manufacturing and distribution units to cater to the growing demand. Domestic production of ballistic-resistant products helps reduce import dependence and offer products at competitive rates.
Market Key Trends
The increasing adoption of solar control and insulated bullet resistant glass is one of the key trends witnessed in the India market. The addition of solar control films/coatings to bulletproof products helps reduce electricity costs for cooling and lighting in buildings. Insulated bulletproof glasses with a sealed airgap further improve energy efficiency by decreasing heat transfer. They also help reduce external noise levels for better working environments.
Porter’s Analysis
Threat of new entrants: New entrants face high initial costs for bullet resistant glass manufacturing plants and strategic tie-ups. They also have to overcome well-established players and need economies of scale to compete with established brands.
Bargaining power of buyers: India Bullet Resistant Glass Market Size and Trends in buyers have high bargaining power due to availability of numerous large and small manufacturers producing bullet resistant glass. However, buyers have less influence over unique product specifications and installations.
Bargaining power of suppliers: A few key raw material suppliers like raw glass and polymers provide bargaining power. However, availability of substitutes reduces their power.
Threat of new substitutes: Alternatives like composite bulletproof materials pose minimal threat as glass has distinct properties like transparency and longevity.
Competitive rivalry: Intense competition exists among established domestic and multinational manufacturers. Price wars and new product development have increased rivalry.
Geographical Regions
North India accounts for over 40% of the India bullet resistant glass market value owing to high defense spending and law and order expenditures in states like Punjab, Jammu & Kashmir and Delhi. States sharing borders with Pakistan have sizable defense and paramilitary presence demanding significant bulletproof installations.
The western region covering Maharashtra, Gujarat and Rajasthan is growing at the fastest pace of over 6% annually led by infrastructure projects in Mumbai, surging commercial building industry in Ahmedabad and Jaipur and expanding banking, financial services and insurance sectors.
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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)