Global Bulletproof Security Glass Market: Middle East & Africa to see highest growth by 2021

In terms of absolute financial opportunity, bulletproof security glass is expected to account for an incremental value of US$ 1,794.2 million between 2014 and 2021, according to new research by Persistence Market Research.

The global Bulletproof Security Glass market is expected to account for US$ 3,972.5 million by 2021, reflecting a CAGR of 8.8% between 2015 and 2021.
Increasing demand for Bulletproof Security Glass in financial services facilities, automobile industry coupled with factors such as increasing security needs, government regulations aimed at reducing the risk in financial markets across the globe, emerging markets and increasing GDP in developing economies such as Asia Pacific is projected to drive the growth of Bulletproof Security Glass market in the near future.
Optimistic Scenario: In this scenario, the market is expected to gain traction with increasing impact of market drivers such as growing financial services industry, rising number of ATM booths, and growing automobile industry. The market is anticipated to account for US$ 4042.0 million by the end of 2021 at a CAGR of 9.0% during the forecast period.
Likely Scenario: In this scenario, growth factors such as growing GDP coupled
with rising urbanization across the globe, and growing automobile & construction industries are expected to moderately impact growth of the bulletproof security glass market. The market is expected to account for US$ 3,972.5 million by the end of 2021.
Conservative Scenario: In this scenario, market indicators are expected to perform slightly below average level due to low impact of growth drivers during the forecast period. The CAGR is projected to decline to 8.5% and the market is expected to account for US$ 3,880.0 million by 2021 end.
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