Press release
Research Department Explosive (RDX) Market Outlook 2024: Exclusive Report By The Business Research Company | BAE Systems plc, Chemring Group PLC, Mil-Spec Industries Corporation, Chemical Plant NITRO-CHEM SA
Research Department Explosive (RDX) Market Characteristics
The Business Research Company offers in-depth market insights through Research Department Explosive (RDX) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The research department explosive (rdx) market size has grown strongly in recent years. It will grow from $10.01 billion in 2023 to $10.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increased application in military and civil industries, regulatory policies, market segmentation, increased public safety concerns..
The research department explosive (rdx) market size is expected to see strong growth in the next few years. It will grow to $12.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to increasing market growth, global recovery, industry demand, regulatory impact, military and defense expenditure.. Major trends in the forecast period include technological advancements in explosives, shift toward insensitive munitions, research on energetic materials, international collaboration in defense r&d, impact of global events..
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Market Segmentation:
The research department explosive (rdx) market covered in this report is segmented -
1) By Type: Explosives, Pyrotechnics, Other Types
2) By Sales Channel: Direct Channel, Distribution Channel
3) By Application: Military, Civilian
Major Driver - Mining Activities Fuels Research Department Explosive (RDX) Market
An increase in mining activities is expected to fuel the growth of the research department explosive (RDX) market going forward. Mining activities refer to the extraction of industrial rock resources, non-metallic valuable minerals, or metallic mineral deposits from the ground. Before excavation, almost all mines employ explosives to break up or remove rock and other solid materials. For instance, according to the U.S. Geological Survey, a US-based Government Agency, U.S. mines have produced approximately $90.4 billion in mineral commodities in 2021, a $9.7 billion increase over the 2020 total of $80.7 billion. Therefore, the increase in mining activities is driving the growth of the research department explosive (RDX) market.
Competitive Landscape:
Major companies operating in the research department explosive (rdx) market report are BAE Systems plc, Chemring Group PLC, Mil-Spec Industries Corporation, Chemical Plant NITRO-CHEM SA, Nippon Oil & Fats Co.Ltd., Austin Powder Company, Dyno Nobel, Explosifs Produits Chimiques S.A., Eurenco, Nitro-Chem SA, Orica Limited, PRVA ISKRA - NAMENSKA A.D., General Dynamics Ordnance and Tactical Systems, Rheinmetall AG, Svenska Aeroplan Aktiebolaget, Thales Group, Nammo AS, Poongsan Corporation, Hanwha Corporation, MAXAMCorp Holding S.L., Solar Industries India Limited, Ensign-Bickford Industries Inc., Chemring Energetics UK Ltd., Energetics Technology Center, HEXPOL Compounding LLC, ATK Thiokol, Chemico Group, AECI Limited, Arsenal Inc., Enaex S.A.
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Top Trend - Strategic Partnerships Transforming The Research Department Explosive (RDX) Market
Strategic partnerships and collaborations are gaining popularity in the research department explosive (RDX) market. Major players in the research department explosive industry are forming alliances to improve their market share. For instance, in June 2022, EURENCO, a France-based company operating in the research department of explosives, partnered with ARESIA, a France-based aviation and aerospace component manufacturing company. Through this partnership, the French Ministry of Defense would address the concerns of the military through a single point of contact and effectively handle a range of export requests. Further, in April 2022, Raytheon Australia, an Australia-based defense and space manufacturing company, partnered with Lockheed Martin Australia, an Australia-based company operating in the research department of explosives. This partnership would significantly improve their capacity to maintain and produce guided weapons and components. These two firms, along with their parent corporations based in the US, are the largest providers of guided weapons to the defense sector.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Research Department Explosive (RDX) Market Characteristics
3. Research Department Explosive (RDX) Market Trends And Strategies
4. Research Department Explosive (RDX) Market - Macro Economic Scenario
5. Research Department Explosive (RDX) Market Size And Growth
…..
27. Research Department Explosive (RDX) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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