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The increase in territorial and political conflicts have been the major driver in the forecast period, as per The Business Research Company’s explosives market opportunities and strategies report.

The explosives market is expected to grow from $36.56 billion in 2021 to $40.09 billion in 2026 at a rate of 1.9%. The market is then expected to grow at a CAGR of 1.7% from 2026 and reach $43.60 billion in 2031.

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Major players in the explosives market include Orica Limited, AECI Limited, Incitec Pivot Ltd., Hanwha Corporation, ENAEX S.A.

Explosives companies globally are taking full advantage of digital technologies in their operations including blasting. Digital tools help in optimizing blasting outcomes and enhance all downstream processes.

The Global Explosives Market Is Segmented:
By Type: C4, HMX, PETN, RDX, Dynamite, ANF, Other Type

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

By Pyrotechnics Application: Display, Consumer, Proximate, Other

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 is the largest region in the global explosives market.

TBRC’s Explosives Market Report Covers:

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 Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough explosives market research, analyzes and forecasts explosives market size, explosives market share, explosives market players, explosives market trends, explosives market segmentation 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.

The explosives market consists of sales of explosives by entities (organizations, sole traders, and partnerships) that are engaged in the production and distribution of explosives. Explosives refers to materials, mixtures, and chemical compounds that have high potential energy which produces an explosion if released suddenly, usually accompanied by the production of light, heat, sound, and pressure.

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