At 4% CAGR Explosives And Pyrotechnics Market to exceed $23.2bn by 2025 : Global Key Vendors - Orica, Incitec Pivot Limited, Sasol, Austin Powder Company, Enaex, MAXAM, AECI, EPC Group - Ideas Inside, Chemring Group PLC, Hanwha Corporation, LSB Industries

Global explosives and pyrotechnics market size shall exceed USD 23.28 billion by 2025, with projected 4% growth over the forecast timeframe.

In 2015, mining explosives and pyrotechnics market share generated revenue more than 6 billion. Growing energy and minerals demand is the prime factor propelling the segment growth. Increasing minerals demand, such as gold and diamond, on account to rising disposable income will boost business growth.

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Industry Impact forces

• Growth drivers

1. Increasing mining operations in developing nations
2. Growing military spending for arms and ammunition
3. Growing oil & gas sector in the U.S

• Industry pitfalls and challenges

1. Stringent environment legislations
2. Workplace health & safety concerns and high levels of flammability

Explosives And Pyrotechnics Market to reach USD 23.28 billion by 2025; according to a latest research report by Global Market Insights, Inc. Global explosives and pyrotechnics market size is primarily driven by escalating growth in the mining industry, particularly in South Africa, the U.S., Russia and Australia. In 2015, the mining sector generated revenue roughly around USD 400 billion and is estimated to surpass USD 700 billion over the forecast timeframe.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Orica
2. Incitec Pivot Limited
3. Sasol
4. Austin Powder Company
5. Enaex
6. MAXAM
7. AECI
8. EPC Group - Ideas Inside
9. Chemring Group PLC
10. TITANOBEL
11. Hanwha Corporation
12. LSB Industries, Inc.
13. Solar Industries India Limited
14. Zambelli
15. Howard Shockey & Sons, Inc.
16. Angelfire Pyrotechnics Ltd
17. Pyro Company Fireworks
18. Melrose Pyrotechnics, Inc.
19. Skyburst The Firework Co
20. Entertainment Fireworks Inc
21. SUPREME FIREWORKS FACTORY PRIVATE LIMITED
22. CELEBRATION FIREWORKS INC
23. Impact Pyro

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Robust growth in the arms & ammunition industry has played a vital role in contributing the global explosives and pyrotechnics market share. Rising hunting activities in the U.S. and Europe, defense investments and political unrest in the Middle East & Africa are various factors propelling product demand over the forecast timeframe. In 2010, the overall military investment was close to USD 1.5 trillion and is projected to exceed USD 3 trillion by 2025 owing to consequently boost business growth.

• Explosives Market, By End Use

o Mining
o Construction
o Military
o Others

• Pyrotechnics Market, By End Use

o Entertainment
o Consumer

Blasting technology has been playing a crucial role in mining operations, including both underground as well as open pit mining. Coal is one of the largest energy source across the globe. Increasing energy demand via population needs will stimulate growth over the forecast timeframe. In addition, strong outdoor crackers demand indicators for sports and personal events such as anniversaries and wedding will complement business growth.

Browse key industry insights from the report, “Explosives & Pyrotechnics Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/explosives-and-pyrotechnics-market

Noise, carbon and dust emissions through mining and fire shows remain a concern for the explosives and pyrotechnics industry. Secondary explosives including RDX, TNT and HMR are extensively manufactured and used in mining, military and construction applications. Immense pressure and noise emitted possess substantial threat to environment, humans and animals. In addition, chemicals, gases and dust formed in the mining pits accompanied with elevated temperatures makes the ambience vulnerable for the workers.

Key insights from the report include:

• Military is anticipated to experience 3.5% growth from 2016 to 2025. Increasing defense investments in various countries, including the U.S., China, Russia and France to enhance their defense forces will stimulate the global explosives and pyrotechnics market size by 2025.

• In 2015, Asia Pacific dominated the explosives and pyrotechnics market share and accounted for approximately 35% of the global revenue. Occurrence of the major industry participants in Australia accompanied with large number of gold & coal reserves in China, were the key aspects for regional growth.

• In 2015, the global explosives and pyrotechnics market was competitive. Key industry players are Chemring, Orica Mining Services, ENAEX, AECI Group, Austin Powder Company, Sasol Limited and Incitec Pivot.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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