Market Trends of Impact Resistant Glass Industry
This section covers the major market trends shaping the Impact Resistant Glass Market according to our research experts:
Growing Demand from Construction and Infrastructure Industry
- Impact resistant glass is being increasingly used in building structures for maximum protection and safety for humans. Impact-resistant glass majorly finds its application in office buildings, hotels, shopping malls, public walkways, hospitals, museums, airport terminals, residences, and apartment building and noise control applications.
- High-security places such as banks, embassies, and defence buildings, etc., use high impact resistant glass for security and maximum protection reasons to humans.
- Impact resistant glass is being also used near coastal areas to protect people from hurricanes and tornadoes as they produce intense winds and atmospheric pressures. It finds its application in doors, windows, screens, and shutters. It also reduces exterior noise and helps in blocking over 99% harmful UV rays.
- The rising demand for top priority security, growing need for protecting government and people's assets, increasing technology in glass for protection from environmental disasters.
- Favorable construction trends in developing regions are driving the demand for infrastructure expansions. These factors are expected to drive the market for impact resistant glass through the years to come.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to dominate the global market owing to the highly developed construction sector in China and Singapore, coupled with the continuous investments done in the region to advance the automotive sector through the years.
- The growing demand for impact resistant glass for automotive applications in windscreens for maximum safety and protection. This glass helps passengers during accidents in a better way and also sustains manual attacks on official vehicles.
- According to the Ministry of Trade and Industry, Singapore, the Singapore construction industry has witnessed 2.5 % of growth in recent years. This is due to the increment of residential and commercial buildings in the country in recent years.
- According to Organisation Internationale des Constructeurs d'Automobiles, automobile production has witnessed decent growth in the Asia-Pacific region since the past five years. This is also considered one of the reasons for an increase in the demand for impact-resistant glass in automobiles.
- Adoption of impact resistant glass in advanced construction activities and continuous growth in automotive security is expected to drive the market for impact resistant glass through the years to come.
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