Global Bulletproof Glass Market 2012-2016: Market Size, CAGR and Forecasts
(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (http://www.researchandmarkets.com/research/8vkn79/global) has announced the addition of the "Global Bulletproof Glass Market 2012-2016" report to their offering.
The analysts forecast the Global Bulletproof Glass Market to grow at a CAGR of 18.73 percent over the period 2012-2016. One of the key factors contributing to this market growth is the fast-paced growth in the Automobile industry. The Global Bulletproof Glass market has also been witnessing a rapid growth in urbanization. However, sluggish demand from the Construction industry could pose a challenge to the growth of this market.
The key vendors dominating this space include Asahi Glass Co. Ltd., China Security Glass AG, Nippon Sheet Glass Co., PPG Industries Inc., and Saint Gobain Group.
The other vendors mentioned in this report are Al Abbar Glass and Trading Co., Essex Safety Glass Co., and Sisecam Holding Co.
Commenting on the report, an analyst from the team said: One of the major trends being witnessed in the market is the rapidly increasing urbanization, which will have a positive influence on the Housing sector, thereby boosting the demand for bulletproof glass used for safety purposes. The increasing urbanization will also drive the demand for bulletproof glass in high-end automobiles, high-end residential buildings, and in the Banking sector. The fast-paced growth of urbanization is directly proportional to the security threats faced by high-net-worth individuals. Hence, high-net-worth individuals are now opting for bulletproof cars and armored vehicles as well as very secure residential architectures. Thus, the rapidly increasing urbanization is expected to have a positive impact on the growth of the market during the forecast period.
According to the report, one of the main drivers in this market is the rapid growth of the Automobile sector. With many countries emerging from the economic crisis, the GDP of countries such as the US, Southeast Asia, and China are steadily improving. This has, in turn, propelled the growth of the Automobile sector. Moreover, the improving economic conditions in many countries have promoted spending on value-added features in automobiles such as bulletproof security glass.
For more information visit http://www.researchandmarkets.com/research/8vkn79/global
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