Explosives Market : Global Strategic Business Report 2023 - 2032
As per the explosives market report by The Business Research Company, the surge in government spending on the defense sector in various countries, including the USA, China, India, Russia, the UK, and France, is projected to be a major driver for the growth of the explosives market during the period.
The global explosives market size will grow from $44.09 billion in 2022 to $47.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global explosives market size is expected to grow to $61.83 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the explosives market include Orica Mining Services, Sasol Limited, Austin Powder Company, Dyno Nobel, NOF Corp., BME Mining, China Poly Group, Chemring Group, Maxam Corp., and ENAEX.
The explosives market is segmented -
• By Type: C4, HMX, PETN, RDX, Dynamite, ANFO, Others
• By Application: Military, Mining, Quarrying, Construction, Others
• By Pyrotechnics Application: Display, Consumer, Procimate, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the explosives market.
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Explosives refer to materials, mixtures, and chemical compounds that are capable of exploding. High explosives (used in defense and military applications) and low explosives (used in civilian applications) are the two major types of explosives.
The Table Of Content For The Explosives Market Include:
1. Executive Summary
2. Explosives Market Characteristics
3. Explosives Market Trends And Strategies
4. Explosives Market - Macro Economic Scenario
5. Explosives Market Size And Growth
6. Explosives Market Segmentation
26. Africa Explosives Market
27. Explosives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Explosives Market
29. Explosives Market Future Outlook and Potential Analysis
The "Global Explosives Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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