Global Explosives Market Trends, Strategies, And Opportunities In The Explosives Market 2021-2030

Explosives Market Report 2021: COVID 19 Growth And Change To 2030

Explosives Global Market Report 2021: COVID 19 Growth And Change To 2030

Explosives Market Report

Explosives Global Market Report

The Business Research Company’s Explosives Global Market Report 2021: COVID 19 Growth And Change

LONDON, GREATER LONDON, UK, August 19, 2021 / — According to the new market research report ‘Explosives Global Market Report 2021: COVID-19 Growth And Change To 2030’ published by The Business Research Company, the 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%. The surge in government spending on the defense sector in various countries including the USA, China, India, Russia, UK, and France is projected to be a major driver for the growth of the explosives market during the period.

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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.

Trends In The Global Explosives Market
Major players operating in the explosives market are adopting various sustainable or green approaches to develop smart blasting to reduce the impact of explosives on the environment. For instance, AEL- Intelligent Blasting company announced plans to develop green solutions for mines in Francophone West Africa. In July 2019, the company announced to introduce the eco-formulation of surface emulsion that utilizes waste oil generated by the mines, which will help companies to reduce the carbon footprint. Therefore, the introduction of green approaches for smart blasting is a key trend shaping the growth of the explosives market.

Global Explosives Market Segments:
The global explosives market is further segmented based on type, application, pyrotechnics application and geography.

By Type: C4, HMX, PETN, RDX, Dynamite, ANFO, Others

By Application: Military, Mining, Quarrying, Construction, Others

By Pyrotechnics Application: Display, Consumer, Procimate, Others

By Geography: The global explosives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Explosives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides explosives global market overviews, analyzes and forecasts market size and growth for the global explosives market, explosives global market share, explosives global market players, explosives global market segments and geographies, explosives market’s leading competitors’ revenues, profiles and market shares. The explosives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Read Explosives Global Market Report 2021 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Explosives Market Organizations Covered: 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).

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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