The global Blast Resistant and Bulletproof Buildings Market Growth Accelerated by Rising Threats
Blast resistant and bulletproof buildings provide protection against explosions, bomb threats and gunfire. They use composite or alloy materials like ballistic glass, reinforced steel and concrete which reinforce structures and withstand blasts or projectiles. The rising threats of terrorist attacks and military aggressions have increased the demand for such secure buildings for government infrastructures, embassies, military installations and other high-security areas.
The global Blast Resistant and Bulletproof Buildings Market
is estimated to be valued at US$ 1.28 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for blast resistant and bulletproof buildings has risen
significantly owing to increasing geopolitical conflicts and threats across the
world. Majority of countries are allocating higher defense budgets for construction
of secure buildings that provide protection against modern warfare weapons.
Governments are also focusing on upgrading security of important civilian
infrastructures through retrofitting projects using ballistic materials. Rising
awareness about security measures and availability of advanced composite
materials are some of the key factors fueling the growth of blast resistant and
bulletproof buildings market during the forecast period.
Segment Analysis
The global
blast resistant and bulletproof buildings market size is segmented
based on structure type, end use and geography. By structure type, the market
is divided into conventional bulletproof buildings and blast-proof structures.
The blast-proof structures segment is expected to dominate the market during
the forecast period. This is mainly because blast-proof structures are
specifically designed to withstand bomb blasts and explosions while providing
enhanced safety.
Key Takeaways
The global blast resistant and bulletproof buildings market is expected to
witness high growth during the forecast period of 2024 to 2031. The global
Blast Resistant and Bulletproof Buildings Market is estimated to be valued at
US$ 1.28 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period 2024 to 2031.
Regional analysis shows that the market in North America is
projected to grow the fastest due to the rising security threats and ongoing
conflicts in the region. The Asia Pacific market is also expected to grow
significantly driven by infrastructure development activities and increasing
defense budgets in countries like India and China.
Key players operating in the blast resistant and bulletproof buildings market
are Kokam, Champion Storage Battery Company Limited, Epsilor, HBL, and Zibo
Torch Energy Co. Ltd. The market leaders are focusing on developing advanced
construction materials that can withstand high-impact explosions while being
lightweight and cost-effective. Partnerships with defense agencies and building
contractors are also being pursued for joint product development and business
opportunities.
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