India Bullet-Resistant Glass Market Automotive Industry to Dominate Demand for Bullet-Resistant Glas

Published: Fri Apr 26 2019

The MRRSE report on bullet-resistant glass analyzes opportunities in the market and presents updates and insights pertaining to various segments of the market in India over the forecast period, 2016–2024.

Bullet-resistant glass, also known as ballistic glass, is an optically transparent armor resistant to penetration of high-velocity bullets.  Bullet-resistant glass finds application in bank security barriers, security outposts, armored cash trucks, ATM booths, toll booths, fuel stations, display cases, residential construction, hotels, malls, premium vehicles, military vehicles, and high-speed trains, among others. Bullet-resistant glass is preferred at locations vulnerable to man-made disasters.

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To understand consumption patterns and assess opportunities in the bullet-resistant glass market in India, the report is divided into four sections, namely, by product type, by BRG class/standard, by application, and by a state. The report analyzes the bullet-resistant glass market in India in terms of market volume (square meters) and market value (INR Mn). The report covers the bullet-resistant glass market performance in terms of value and volume contribution. The report also includes PMR’s analysis of drivers and restraints witnessed in the market. Key trends observed across the value chain are also included in the report. The report highlights existing opportunities in the domestic market to equip the client with crystal-clear, decision-making insights.

The subsequent sections analyze the bullet-resistant glass market on the basis of product type, BRG class, application, and state, and presents forecast for the period 2016–2024. The market is segmented as follows:

By Product Type

  • Polycarbonate

  • Acrylic

  • Glass-clad Polycarbonate

  • Poly-vinyl Butyral (PVB)

By Application

  • Financial Services

  • Automotive

  • Buildings

    • Residential

    • Commercial

BRG Class

  • BR1

  • BR2

  • BR3

  • BR4

  • BR5

  • BR6

  • BR7

  • Others


  • Delhi

  • Maharashtra

  • Tamil Nadu

  • Karnataka

  • Gujarat

  • Punjab

  • Haryana

  • Uttar Pradesh

  • West Bengal

  • Madhya Pradesh

  • Rest of India

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To deduce the market size, the report considers various aspects based on secondary research. Furthermore, key data points such as state-wise split and market split by product type and application, and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses total revenue generated and expected revenue contribution by the bullet-resistant glass market.

The report begins with sizing the base year in terms of value and volume. This forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, PMR triangulates the data via a different analysis based on the supply side, demand side, and dynamics of the bullet-resistant glass market. To develop the market forecast, PMR conducted a factor analysis to understand the impact of various forces/factors on the target market. However, quantifying the market across the abovementioned segments is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify the right opportunities.

Another key feature of this report is an analysis of the bullet-resistant glass market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the bullet-resistant glass market in India.

To understand key segments in terms of their growth and performance in the bullet-resistant glass market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the bullet-resistant glass market.

The report covers an in-depth analysis of all components of the value chain in the bullet-resistant glass market in India. Furthermore, company share analysis of key market participants has been included to provide a brief overview of existing market potential.

In the final section of the report on the bullet-resistant glass market in India, the competitive landscape is included to provide a dashboard view of bullet-resistant glass manufacturers and fabricators in the country. The report contains company profiles of some key players in the market.

Some market players featured in this report are as follows:

  • 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.

  • Gurind India Pvt. Ltd.

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