India Bullet Resistant Glass Market Size and Trends

India Bullet Resistant Glass Market, By Product Type (Polycarbonate, Acrylic, Glass-clad Polycarbonate, and Polyvinyl Butyral (PVB)), By BRF Class (BR1, BR2, BR3, BR4, BR5, BR6, BR7, and Others), By Application (Financial Services, Automotive, Buildings (Residential and Commercial))-

Published In : Jun 2023

Code : CMI3836

Pages :100

Formats :

Excel and PDF

Industry : Advanced Materials

India Bullet Resistant Glass MarketSize and Trends

India bullet resistant glass market accounted for INR 8.9 Bn in 2022, exhibiting a CAGR of 10.2% in terms of revenue, over the forecast period (2023-2030) to reach INR 19.4 Bn 2030.

Market Trends

Increasing trend of offering a customized solution by Indian manufacturers to end users

The increasing trend of offering customized solutions by Indian manufacturers to end users as per their level of security requirement is expected to foster the market growth over the forecast period. Customized products ensure the efficient use of the products and help manufacturers differentiate their product offerings. This is expected to augment the market growth.

Growing focus of manufacturers on product innovation

The growing focus of manufacturers on product innovation in order to meet the evolving demand across the end-use industry is expected to stimulate the market growth. The rising entry of various international players through partnerships with domestic players in order to expand their foothold in India is expected to drive India bullet-resistant glass market growth over the forecast period.