International Explosives And Pyrotechnics Market Is Booming to generate over $23.2 bn bn revenue by 2025 | MAXAM, AECI, EPC Group - Ideas Inside, Chemring Group PLC, Hanwha Corporation, LSB Industries, Inc. , Global Key Vendors - Orica, Incitec Pivot Limi

North America is also one of leading regions of explosives and pyrotechnics industry. Essentially led by the United states, this regional market was worth more than USD 4.5 billion in 2015. The continent is renowned for the excessive expenditure of its governments on arms & ammunitions in order to strengthen the military base. Additionally, the number of shale gas explorations in the U.S. have considerably increased, leading to a rise in the number of mining applications, thereby driving the regional explosives and pyrotechnics industry.

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Asia Pacific held more than 35% of global explosives and pyrotechnics industry in 2015, thereby holding the dominant position. Subject to the presence of a substantial number of coal and gold reserves in China and key mining industry players in Australia, APAC explosives and pyrotechnics market is slated to carve out a positive growth path for itself over 2016-2025. As per research reports, India and China are expected to be the major revenue drivers.

The massive growth of the arms & ammunitions sector indicates a positive outcome for global Explosives and Pyrotechnics Market. With the substantial rise in the number of mining operations in Australia, South Africa, the U.S., and Russia, the demand for explosives will increase consequently. As per estimates, global mining sector was valued at around USD 400 billion in 2010 and is estimated to cross USD 700 billion by 2025.

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 Market, By End Use
o Mining
o Construction
o Military
o Others
• Pyrotechnics Market, By End Use
o Entertainment
o Consumer

Explosives and blasting technologies find applications in underground mining, which will eventually lead to the development of explosives and pyrotechnics industry. In addition, an exponential rise has been observed in consumer demand for cracker demonstrations in outdoor events, including sports, weddings, parties, etc. On these grounds, explosives and pyrotechnics market size will surpass USD 23.2 billion by 2025, with a CAGR projection of 4% over 2016-2025.

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

Speaking along similar lines, explosives and pyrotechnics industry is slated to garner significant returns from the mining sector. This segment dominated the end-use landscape in 2015 with a valuation of more than USD 6 billion, and is forecast to grow significantly over the coming eight years. This growth can be principally attributed to the rising demand from the jewelry sector. Huge consumer demand for gold and diamonds and their increasing disposable incomes will augment the requirement for precious minerals, thereby impelling explosives and pyrotechnics market from the mining sector.

Military applications are projected to be one of most lucrative end-use segments of explosives and pyrotechnics market. As per estimates, global military expenditure was around USD 1.5 trillion in 2010 and is predicted to cross USD 3 trillion by 2025. With the passage of time, explosives used in military operations have undergone a massive change, and have played a key role in the growth of the military sector.

The governments of various countries have been increasingly spending on explosives to strengthen their defense forces, which will ultimately stimulate explosives and pyrotechnics industry from military applications, forecast to observe a gain of more than 3.5% over 2016-2025. Countries such as the U.S., China, Russia, France, and UK have also been striving to strengthen their military forces, which will provide a major impetus to the market growth over the forecast timeframe.

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Global explosives and pyrotechnics industry is pretty much competitive and encompasses manufacturers such as Sasol Limited, Supreme Fireworks, LSB Industries, Pyro Company Fireworks, Incitec Pivot, ENAEX, Melrose Pyrotechnics, Titanobel SAS, Orica Mining Services, Chemring Group, includes AECI Group, Howard & Sons, Austin Powder Company, Skyburst, Solar Industries India, Entertainment Fire-works, and Zambelli Fireworks.

It has come to the notice of many regional governments and regulatory bodies that the excessive usage of RDX and HMX explosives in construction, military, mining operations may lead to fatal accidents and health hazards, owing to the toxic nature of these products. In addition, noise pollution, dust, chemical release into the environment, etc., are deemed to pose a hazardous work environment.

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

On these grounds, strict legislations have been enforced on the usage of these explosives, which may hinder explosives and pyrotechnics market in the future. Nonetheless, companies have been striving to manufacture enhanced, lesser harm-causing products to meet the rising global demand. Firms are also expanding their geographical presence and increasing their production capacities in order to sustain their position in global explosives and pyrotechnics industry.

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.

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