The global explosives market is expected grow from $28.94 billion in 2020 to $30.04 billion in 2021 at a compound annual growth rate (CAGR) of 3.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $38.42 billion in 2025 at a CAGR of 6%.
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The explosives market consists of revenues earned by entities (organizations, sole traders, and partnerships) that are engaged in the production and distribution of explosives. Explosives refer to materials, mixtures, and chemical compounds that are capable of exploding. The explosives are majorly divided into two categories i.e., high explosives (used in defense & military applications) and low explosives (used in civilian applications). Trinitrotoluene (TNT), RDX, and acetone peroxide (TATP) are a few of the most powerful explosives the find their applications in military, mining, and industrial applications.
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The explosives market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the explosives market are Orica Mining Services, Sasol Limited, Austin Powder Company, Dyno Nobel, NOF Corp., BME Mining, China Poly Group, Chemring Group, Maxam Corp., ENAEX, Incitec Pivot, AECI Group, Pyro Company Fireworks, ePC Group, Alliant Techsystems, AEL Mining Services, Titanobel SAS, Hanwha Corp., Solar Industries India, LSB Industries, Zambelli Fireworks, Melrose Pyrotechnics, Angelfire Pyrotechnics, Skyburst, Howard & Sons, Supreme Fireworks UK, Entertainment Fire-works, Celebration Fireworks, Impact Pyro, Societe Nationale Des Poudres Et Explosifs (SNPE).
The global explosives market is segmented –
1) By Type: C4, HMX, PETN, RDX, Dynamite, ANFO, Others
2) By Application: Military, Mining, Quarrying, Construction, Others
3) By Pyrotechnics Application: Display, Consumer, Procimate, Others
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The explosives market report describes and explains the global explosives market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The explosives report evaluates the market across each region and for the major economies within each region.
The countries covered in the global explosives market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global explosives market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Explosives Market Characteristics
- Explosives Market Product Analysis
- Explosives Market Supply Chain
- Key Mergers And Acquisitions In The Explosives Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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