Explosives & Pyrotechnics Market size, share, growth revenue by key players are ENAEX, MAXAM, AECI Group, EPC Group, Chemring Group, Titanobel SAS, Melrose Pyrotechnics

Based on end-users, global explosives market share can be segmented into military, mining, construction, and others. Military segment is poised to record substantial gains on account of ongoing political conflicts in Europe, African countries and the Middle East. Growing sports and hunting activities worldwide is expected to fuel the demand for explosives & pyrotechnics market.

Major key players in the explosives & pyrotechnics market are Orica Mining Services, Incitec Pivot limited, Sasol Limited, Austin Powder Company, ENAEX, MAXAM Corp, AECI Group, EPC Group, Chemring Group, Titanobel SAS, Hanwha Corporation, LSB Industries Inc, Solar Industries India, Zambelli Fireworks, Howard & Sons, Angelfire Pyrotechnics, Pyro Company Fireworks, Melrose Pyrotechnics, Skyburst The Firework Co, Entertainment Fireworks, Inc, Supreme Fireworks UK, Celebration Fireworks, Impact Pyro.

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Explosives market size from military end-use segment held over 45% of the global share in 2018. Increased military expenditure for arms, ammunition, explosives and other defense products in the U.S. will further boos the industry scope. Consistent development of advanced weaponry is poised to bolster explosives & pyrotechnics market trends.

Rising industrialization has created massive demand for mined commodities which has resulted in increased mining activities in countries like China, Indonesia, South Africa, and USA. Additionally, pyrotechnics market is likely to surge with the rising usage of the product during festivals, events and other occasions.

Explosives are majorly used by companies operating in the mining industry. Rising technological expenditure to enable effective exploration and sustainable processing of complex minerals is fueling the demand for mined commodities. For instance, the Indonesian government’s policy requires the country to generate nearly 50% of power from domestic coal, thereby increasing mining operations.

Speaking along similar lines, numerous developing nations like Indonesia rely excessively on coal for power generation which results in large-scale mining, thereby amplifying explosives & pyrotechnics market. In this context, it is quite imperative to mention that the major mining explosives manufacturers across the globe include Orica Mining, Kompass, Incitec Pivot Limited, and Enaex among several others.

Another vital factor augmenting explosives and pyrotechnics market outlook is the rising political unrest between countries, which has resulted in an increased military spending. The military segment of the market is majorly influenced by political clashes in Middle East, Africa, and Europe. Different pyrotechnic products and explosives used in the military are signal cartridges, mini-flares, colored smoke grenades, hand-fired rockets, and practice bomb marker.

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According to reliable estimates, in the year 2018, the world military spending witnessed a rise of about 2.6% to reach USD 1822 billion. The U.S. recorded the highest defense spending estimated at USD 785 billion. Thus, the rise in demand for explosives in critical sectors like defense is benefiting the global explosives & pyrotechnics market trends. In fact, the military segment accounts approximately 45% of total share of explosives and pyrotechnics market size.

The growth trends recorded by mining sector in the APAC region has added impetus to the region’s explosives & pyrotechnics market outlook. According to reliable sources, India is projected to become the second largest steel consumer by the end of 2019. Additionally, the per capita steel consumption is estimated to rise from 69 kg to 160 kg by 2030. Moreover, the nation is home to over 1531 operating mines producing 95 essential minerals like Bauxite, Chromium, Baryte, Manganese Ore, etc. The rise in industrial and infrastructural development in the country is magnifying the use of explosives in mining or construction, thereby propelling the revenue scale of explosives and pyrotechnics industry.

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