Scope of the Study
Explosives are the chemical compounds, materials or devices which has the ability to explode. It contains large amount of potential energy which produces explosion which is released by light, sound and pressure. These are used in military, mining, constructions and others. These end use industries are creating the opportunity for the market. Moreover, the industrial explosives yields higher torque which is used by tunnelling companies. Hence, these factors are fuelling the market growth.
The market study is being classified by Type (Pyrotechnics, Blasting Agents, Propellants and Others) and major geographies with country level break-up.
Orica Mining Services (United States), Sasol Limited (South Africa), Austin Powder Company (United States), Chemring Group (United Kingdom), ENAEX (United States), Incitec Pivot (Australia), AECI Group (South Africa), Pyro Company Fireworks (United Kingdom), Alliant Techsystems (United States) and AEL Mining Services (South Africa) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Titanobel SAS (France).
The market explosives is fragmented and the major players are focusing on the expansion by merger and acquisition. The emerging economies are to estimate positive growth due to the factors such as government investments and increase in construction activities in upcoming years. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Explosives market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Explosives market by Type, Application and Region.
On the basis of geography, the market of Explosives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapid growth in mining activities in developing countries such as India and China. As compared to the mechanical drills the explosives clears large amount of area. Also, the government is investing in the infrastructural developments in developing economies. Hence, these factors are fueling the market growth
- Adoption of Industrial Explosives for Tunneling and Construction of Highway
- Fluctuation in Raw Materials may hamper the Market Growth
- High Costs Associated with the High Explosives
- Increase in Military Budget is creating the Opportunity
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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