Global Explosives Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Explosives Market Report by The Business Research Company covers explosives market drivers and restraints, explosives market size, major players, and the impact of COVID-19 on the explosives market.
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.
Rising government expenditure on the defense sector is anticipated to boost the demand for explosives from the defense sector over the forecast period. 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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Some explosives market trends include companies adopting various sustainable or green approaches to develop smart blasting to reduce the impact of explosives on the environment.
Global explosives market segments include:
1) By Type: C4, HMX, PETN, RDX, Dynamite, ANFO, Others.
2) By Application: Military, Mining, Quarrying, Construction, Others.
3) By Pyrotechnics Application: Display, Consumer, Procymate, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Explosives Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides explosives market overviews, analyses and forecasts market size, share, explosives market players, explosives market segments and geographies, 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.
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Read Explosives Global Market Report 2021: COVID 19 Growth And Change to 2030 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.
Market Players Covered: Orica Mining Services, Sasol Limited, Austin Powder Company, Dyno Nobel, NOF Corp., BME Mining, China Poly Group,.
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.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030).
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Explosives Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Explosives Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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