Press release
APAC explosives and pyrotechnics market to majorly drive the regional growth 2025 | Sasol, ENAEX, MAXAM, AECI Group, EPC Group, Chemring
Explosives & Pyrotechnics Market
The rapid growth in the mining industry, especially in Australia, Russia, the U.S., and South Africa will drive the global demand for explosives and pyrotechnics in the coming years. Notably, the mining sector in 2015 generated nearly US$400 billion of revenue and is projected to exceed US$700 billion by 2025 worldwide.
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The escalating demand for energy on account of the growing needs of the population would ensure persistent demand for the products across different industries. Also, in outdoor sports and personal events such as weddings, anniversaries, and religious occasions, there is a growing utilization of outdoor crackers.
Top key players in the explosives and pyrotechnics market:
1. Orica Mining Services
2. Incitec Pivot limited
3. Sasol Limited
4. Austin Powder Company
5. ENAEX
6. MAXAM Corp
7. AECI Group
8. EPC Group
9. Chemring Group
10. Titanobel SAS
11. Hanwha Corporation
12. LSB Industries Inc
13. Solar Industries India
14. Zambelli Fireworks0
15. Howard & Sons
According to Global Market Insights, Inc., global explosives and pyrotechnics market size is poised to reach US$23.28 billion by 2025 in terms of annual revenues. Below mentioned are some factors influencing the market outlook.
Ongoing technological developments in the global explosives and pyrotechnics market and a strong demand across arms and ammunition sector is likely to positively influence the industry trends. Many countries are investing substantially in reinforcing their military & defense forces. These trends along with increasing oil and gas exploration activities across the U.S. and the Middle East will augment explosives consumption in the near future.
Based on end-users, global pyrotechnics industry share is divides into entertainment, consumer, and others. Pyrotechnics are prominently used in the entertainment industry as well as on special occasions or festivals. Musical bands make use of pyrotechnics during live shows to enhance visual experience of viewers. Pyrotechnic equipment is also widely used in sports events and post-game celebrations.
In-depth table of contents @ https://www.gminsights.com/toc/detail/explosives-and-pyrotechnics-market
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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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