Global Explosives Market
Aerospace and Defense

Insights Into The Explosives Market’s Growth Opportunities Through 2023-2032 – Includes Explosives Market Share

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The surge in government spending on the defense sector in various countries are expected to drive innovation in explosives manufacturing, thus driving the market during the forecast period.


The global explosives market is expected to grow from $44.09 billion in 2022 to $47.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The global explosives market size is expected to grow to $61.83 billion in 2027 at a CAGR of 6.6%.


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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 is the largest region in the global explosives market in 2021.


Major Market Players in the explosives market include Orica Mining Services, Sasol Limited, Austin Powder Company, Dyno Nobel, NOF Corp., BME Mining, China Poly Group.


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 September 2021, Orica Limited, an Australia-based provider of blasting systems and commercial explosives launched 4DTM, its most recent technology for bulk explosives. The ground-breaking 4DTM bulk system allows for the real-time adaptation of explosives energy to geology throughout a blast, resulting in improvements in fragmentation, on-bench productivity, and a general decrease in drill and blast costs. In dry, wet, and dewatered hole conditions, 4DTM supports both pumped and augured loading methods by combining emulsion blended with ammonium nitrate porous prills. Increased bench productivity by Orica’s fleet of 4DTM enabled Mobile Manufacturing Units (MMUTM) without the need to swap out raw materials in the MMUTM is one result of this special capability. Therefore, the introduction of green approaches for smart blasting is a key trend shaping the growth of the explosives market.


The Explosives Global Market Report 2023  provides a explosives market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The explosives market forecast analyzes explosives market size, explosives market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


Explosives refer to materials, mixtures, and chemical compounds that are capable of exploding. High explosives (used in defense and military applications) and low explosives (used in civilian applications) are the two major types of explosives.


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