Research Department Explosive (RDX) Market Revenue, Business Growth, Demand, and Applications by 2026

Research Department Explosive (RDX) Market

Research Department Explosive (RDX), also known as Royal Demolition Explosive, cyclotrimethylenetrinitramine, cyclonite, and hexogen, is one of the highly powerful explosives used in various military and civilian applications. The explosive is primarily used in mine blasting, rock excavation, drilling and oil recovery, and military ammunition, warheads, demolition of old buildings, and fireworks and pyrotechnics, among others.

The market comprises a limited number of players engaged in manufacturing RDX owing to the high risk in production and stringent government regulations regarding manufacturing. However, several leading players are engaged in developing different formulations and widening their scope of application to sustain the increasing competition.

The Major Players Covered in this Report:
Eurenco, Chemring Group PLC, PRVA ISKRA–NAMENSKA PROIZVODNJA AD, BAE Systems, Nitro-Chem, Austin Powder, Dyno Nobel, Solar Industries India Limited, Jet Research Center (JRC), BME. Independent Explosives, Inc., Chem Service, Inc., Accurate Powders, Orica Limited, Taavura Holdings Ltd 

In 2020, the global Research Department Explosive (RDX) market size was million US$ and it is expected to reach a million US$ by the end of 2026, with a CAGR between 2021 and 2026.

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By Type- Explosives, Pyrotechnics, Others,

By Application- Military, Civilian,

By Sales Channel- Direct Channel, Distribution Channel

New Applications of RDX

Although RDX has been in use for the longest time, its applications continue to expand, albeit gradually. Once used for military applications only, the use of RDX is now being explored in various other fields. The product has become stagnant in terms of its usage in the key application, but it is still finding new opportunities in various other sectors, which will sustain in the market in the long run.

Increasing urbanization and growing awareness regarding the use of superior quality construction materials for infrastructural development are leading to the development of urban renewal projects in different regions across the globe. However, for urban renewal projects, demolition of old buildings is required, which creates a demand for explosives such as RDX.

Regional Analysis For Research Department Explosive (RDX) Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Research Department Explosive (RDX) are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Research Department Explosive (RDX) in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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