Learn about the global explosives market through The Business Research Company, which provides information on explosives market size, explosives market drivers and restraints, explosives market players, the COVID-19 impact on the explosives market, and more.

The global explosives market size is expected grow from $40.60 billion in 2021 to $42.30 billion in 2022 at a compound annual growth rate (CAGR) of 4.2%. The growth in the market 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 explosives market is expected to reach $49.87 billion in 2026 at a CAGR of 4.2%.

The surge in government spending on the defense sector in various countries including the USA, China, India, Russia, the UK, and France is projected to be a major driver for the growth of the explosives market during the period.

Request A Sample For The Global Explosives Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3198&type=smp

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 that find their applications in military, mining, and industrial applications.

Global Explosives Market Segments Include:
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 market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the explosives market in 2021.

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.

TBRC’s explosives market report covers:

Major Market Players: Orica Mining Services, Sasol Limited, Austin Powder Company, Dyno Nobel, NOF Corp., BME Mining, China Poly Group, Chemring Group, Maxam Corp., and ENAEX.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Explosives Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s explosives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Autonomous Military Aircraft Global Market Report 2022

Missiles Global Market Report 2022

Small Arms and Light Weapons Global Market Report 2022

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.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: