Blast resistant and bulletproof buildings are structures engineered specifically to withstand explosions and gunfire. These types of buildings are constructed using materials like structural steel, reinforced concrete, tampered glass and others which provide protection against bomb blasts and gunshots. The need for blast resistant and bulletproof buildings has increased in recent years due to rise in threats of terrorist attacks, civil unrest and violent crimes. Government buildings, military facilities, embassies and other high-security infrastructure require optimal protection and therefore utilize blast resistant and bulletproof building techniques.
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.
Key Takeaways
Key players operating in the Blast Resistant and Bulletproof Buildings are Kokam,Champion Storage Battery Company Limited, Epsilor, HBL, Zibo Torch Energy Co. Ltd. The demand for blast resistant and bulletproof buildings has witnessed strong growth in recent years owing to increasing violent crimes and terrorist activities globally. Various technological advancements such as development of novel blast resistant materials with higher strength and durability as well as intelligent blast resistant glass and windows have further enhanced the protection provided by these special structures.
Market trends
Lightweight construction is one of the key trends being followed in Blast Resistant And Bulletproof Buildings Market Demand Use of new age materials like composites allow construction of strong yet lightweight structures. Modular construction is another trend gaining popularity as it facilitates quick assembly and disassembly of blast resistant buildings.
Market Opportunities
Growth in real estate and infrastructure development projects in high risk regions provides major opportunities for blast resistant and bulletproof building market. Rising global defense expenditure is another key growth driver as many military facilities require high protection.
Impact of COVID-19 on Blast Resistant and Bulletproof Buildings Market Growth
The outbreak of COVID-19 pandemic has significantly impacted the growth of blast resistant and bulletproof buildings market. The demand for these buildings saw a decline during the initial months of pandemic due to lockdowns imposed across various regions. This led to halting of ongoing construction projects. Supply chains were disrupted and raw material procurement became difficult. However, with gradual lifting of lockdowns, the construction of these buildings resumed while following social distancing and safety norms.
The demand is surging from government and defense sectors to setup isolation and quarantine centers that require protection. Hence, post-COVID there is increased focus on constructing secure buildings that can serve as emergency medical facilities. Several initiatives are being taken by market players to devise COVID-19 compliant designs with enhanced safety, hygiene and sanitization features. Additionally, the threats of terrorism have not ceased during the pandemic. So security remains a top priority for high-risk infrastructure that needs protection against bomb attacks and gunfires.
The COVID-19 crisis has made most countries realize the importance of ramping up their healthcare infrastructure. This is anticipated to drive higher investments in developing blast resistant medical facilities in the coming years. Overall, though the market witnessed short-term decline, in the long-run it is expected to recover steadily and witness robust growth backed by rising demands from multiple end-use industries.
Fastest Growing Regions in Blast Resistant and Bulletproof Buildings Market
In terms of value, the Middle East and Africa region currently holds the major share of blast resistant and bulletproof buildings market worldwide. This is owing to rising political conflicts, civil unrest and terrorist activities prevalent across various nations in the region. The governments of Iraq, Afghanistan, Yemen and Syria have allocated massive funding for establishing secure administrative structures, police stations and military installations that offer protection.
The Asia Pacific region is poised to emerge as the fastest growing market during the forecast period. With escalating geopolitical tensions along the Indian sub-continent coupled with Naxalite movements in Central India, the requirement for such protected buildings is surging rapidly. Moreover, countries like China, India, Pakistan and North Korea are also augmenting their defense infrastructure which will drive the product demand. Several key players have commenced expansion in the region to tap into the business opportunities arising from increasing construction of secure offices, embassies and bases.
Get More Insights On, Blast Resistant And Bulletproof Buildings Market
Explore More Related Topic On, Optical Encoder
Comments
0 comment