Bulletproof Security Glass Market in China 2015-2019
About Bulletproof Glass
Bulletproof glass, also known as bullet-resistant or ballistic glass, is a strong and optically transparent glass, used for protection against the impact of bullets or any other ammunition. It is made by combining two or more layers of different materials, usually one hard and the other soft materials. The refractive index of both the glasses used in the manufacture of bulletproof glass should be the same to make it transparent. Its thickness varies from 0.25 to 4 inches and is usually prepared by sandwiching a layer of thermoplastic with glass laminates, and the number of layers stacked depends on the level of security sought out of its usage.
The global bulletproof glass market has witnessed a rapid expansion in the past decade with the US and China representing the largest markets. The market in China is worth paying attention due to two reasons; one being the fastest growth rate displayed by the market and the other being the sheer size of the market. The financial services, construction, and automotive industries remain the largest end-users of bulletproof glass, and the scope of its usage is rapidly expanding.
Technavio's analysts forecast the bulletproofsecurity glass market in China to grow at a CAGR of 16.76% over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the bulletproof security glass market in China for the period 2015-2019. The report further provides data based on the following:
Technavio Announces the Publication of its Research Report – Bulletproof Security Glass Market in China 2015-2019
Technavio recognizes the following companies as the key players in the bulletproof security glass market in China: Asahi Glass, China Glass Holdings, China Specialty Glass, Nippon Sheet Glass, Saint Gobain Group and PPG Industries Aditya Birla Chemicals
Other Prominent Vendors in the market are: Qufu Shenglu Bulletproof Glass Engineering, Guangzhou Sky Tiger Tempered Glass, Nanjing Xinfurui Glass Industry, Jiangsu Yongxiang Glass, Guangzhou Baolong Bulletproof Vehicle and Taiwan Glass
Commenting on the report, an analyst from Technavio’s team said: The glass industry has relatively low entry barriers and as a result we can see a huge influx of new players that operate based on price. This often leads to a contraction in the margins of vendors and, as a result, they have to constantly strive to sustain those margins. Energy and environmental costs are significant in the industry as the glass making process is energy-intensive. Therefore, most of the players are embarking on innovation and are making a huge investment in R&D. Going forward, we expect most of the vendors in China to continue working in the above focus areas in order to maintain their margins and survive the competition in the market.
According to the report, the country is on the path of liberalization and is opening up the industry to foreign investment. We expect that government initiatives will lead to an increase in new investment and a greater number of banking outlets and ATMs across the country. This, in turn, should lead to an increase in demand for bulletproof glass in the country.
Further, the report states that bulletproof glass vendors in China are facing several challenges, among which managing input costs and portfolio optimization are prominent.
Asahi Glass, China Glass Holdings, China Specialty Glass, Nippon Sheet Glass, Saint Gobain Group, PPG Industries Aditya Birla Chemicals, Qufu Shenglu Bulletproof Glass Engineering, Guangzhou Sky Tiger Tempered Glass, Nanjing Xinfurui Glass Industry, Jiangsu Yongxiang Glass, Guangzhou Baolong Bulletproof Vehicle, Taiwan Glass
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