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    Explosives & Pyrotechnics Market Report

    Explosives & Pyrotechnics Market Report
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    Explosives & Pyrotechnics Market Size, Share, Trend, Forecast, & Industry Analysis See more...

    Impact of COVID-19 on Explosives & Pyrotechnics Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Explosives & Pyrotechnics Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Explosives & Pyrotechnics Market is likely to witness an impressive CAGR of 4.0% during the forecast period. Increasing investments in military for arms & ammunition, increase in mining operations in emerging economies, and growing oil & gas sector in the U.S. are some of the major factors driving the market growth during the forecast period.

    Explosives & Pyrotechnics Market – Snapshot

    Growth

    4.0% for the next five years

    Major Product Type

    Pyrotechnics

    Major Application Type

    Military

    Region with the highest demand

    Asia-Pacific

    Key Players

    AECI Group, Austin Powder Company, Chemring Group, Enaex, EPC Group, Hanwha Corporation, Incitec Pivot limited, MAXAM Corp, Orica Mining Services, and Sasol Limited

    Segment Analysis

    Explosives-&-Pyrotechnics-Market-Dominant-Segments

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    Explosives & Pyrotechnics Market Share: By Product Type

    Based on the product type, the market is segmented as explosives and pyrotechnics. Pyrotechnics are expected to be the faster-growing segment of the market during the forecast period on account of growing demand for fireworks in tourism industry and various festivals including weddings and Christmas. On the other hand, explosives are widely used in quarrying and civil engineering such as tunnel, damn, and road construction, fueling the segment’s growth during the forecast period.

    Explosives & Pyrotechnics Market Share: By Application Type

    Based on the application type, the market is segmented as mining, construction, military, and entertainment. Mining is estimated to witness significant growth rate in the market as they help to clear rocks for excavation. In addition, military is estimated to register considerable growth rate on account of growing investments in the development of military and defense sectors in order to protect civilians from terrorist attacks over the forecast period.

    Explosives & Pyrotechnics Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the dominant region in the market with China and India being the major countries with lucrative growth opportunities during the forecast period. Further, presence of some of the key players of the mining industry in Australia coupled with the presence of gold & coal reserves is expected to drive the market growth over the forecast period. On the other hand, North America is projected to hold significant share of the market owing to growing government investments in arms & ammunitions to strengthen its defense forces during the forecast period.

    Explosives-&-Pyrotechnics-Market-By-Region

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    Market Scope & Segmentation

    Explosives and pyrotechnic devices are used for transforming a small input of electrical or mechanical energy into a higher level of thermal or mechanical energy, which is then applied for doing practical work on a one-time basis, and this is accomplished when the stored energy is released in an explosive or pyrotechnic mixture through a precisely controlled reaction.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Explosives & Pyrotechnics Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The explosives & pyrotechnics market is segmented into the following categories. 

    Explosives & Pyrotechnics Market Size, Share, & Forecast, by Product Type:

    • Explosives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pyrotechnics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Explosives & Pyrotechnics Market Size, Share, & Forecast, by Application Type:

    • Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Entertainment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Explosives & Pyrotechnics Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Explosives-&-Pyrotechnics-Market-Segmentation

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    Key Players

    Some of the key players in the explosives & pyrotechnics market are-

    • AECI Group
    • Austin Powder Company
    • Chemring Group
    • Enaex
    • EPC Group
    • Hanwha Corporation
    • Incitec Pivot limited
    • MAXAM Corp
    • Orica Mining Services
    • Sasol Limited.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The explosives & pyrotechnics market is expected to witness an impressive growth of 4.0% CAGR in the foreseeable future.

    AECI Group, Austin Powder Company, Chemring Group, Enaex, EPC Group, Hanwha Corporation, Incitec Pivot limited, MAXAM Corp, Orica Mining Services, and Sasol Limited are among the key players in the explosives & pyrotechnics market.

    Asia-pacific is expected to remain dominant in the explosives & pyrotechnics market during the forecast period of 2021-2026.

    Pyrotechnics are expected to be the fastest growing segment in the explosives & pyrotechnics market in the coming five years.

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