The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction: A Growing Industry

• Strong growth in recent years
• Predicted increase from $10.01 billion in 2023 to $10.55 billion in 2024
• Expected growth to $12.9 billion in 2028

Factors Driving Market Growth

Military and Civilian Applications

• Increased application in military and civil industries
• Regulatory policies enhancing market segmentation
• Heightened public safety concerns

View More On The Research Department Explosive (RDX) Market Report 2024 – https://www.thebusinessresearchcompany.com/report/research-department-explosive-rdx-global-market-report

Forecast Period Trends

• Increasing market growth and global recovery
• Rising industry demand and regulatory impact
• Military and defense expenditure contributing to growth
• Technological advancements in explosives
• Shift toward insensitive munitions
• Research on energetic materials
• International collaboration in defense R&D
• Impact of global events

Mining Activities Fuels Research Department Explosive (RDX) Market

• Mining activities contribute significantly to market growth
• Explosives essential for excavation in mining operations
• U.S. mines as a notable example
• Companies driving market growth include BAE Systems PLC, Chemring Group PLC, and others

Strategic Partnerships Transforming the Market

• Increasing prevalence of strategic partnerships and collaborations
• Alliances to improve market share and address industry concerns
• Examples include EURENCO’s partnership with ARESIA and Raytheon Australia’s partnership with Lockheed Martin Australia

Rheinmetall Expands Global Reach With Acquisition Of Expal Systems

• Rheinmetall’s acquisition of Expal Systems for $1.24 billion in November 2022
• Expected benefits to Rheinmetall’s core businesses
• Expal Systems’ specialization in defense and security sector services

Market Segmentation

• Types: Explosives, Pyrotechnics, Other Types
• Sales Channels: Direct Channel, Distribution Channel
• Applications: Military, Civilian

Regional Insights

• North America led the market in 2023
• Asia-Pacific expected to witness the fastest growth

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The Research Department Explosive (RDX) Global Market Report 2024  provides comprehensive insights on the research department explosive (RDX) market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the research department explosive (RDX) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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