
The recently published market study published by TMRR highlights the current trends that are expected to influence the dynamics of the Explosives and Pyrotechnics market in the upcoming years. The report introspects the supply chain, cost structure, and recent developments pertaining to the Explosives and Pyrotechnics market in the report. Further, the micro and macro-economic factors that are likely to impact the growth of the Explosives and Pyrotechnics market are thoroughly studied in the presented market study.
According to the report, the Explosives and Pyrotechnics market is expected to grow at a CAGR of ~XX% during the forecast period, 20XX-20XX and attain a value of ~US$ XX by the end of 20XX. The report is a valuable source of information for investors, stakeholders, established and current market players who are vying to improve their footprint in the current Explosives and Pyrotechnics market landscape.
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Critical Data in the Explosives and Pyrotechnics Market Report
- Company share analysis and competition landscape
- Recent trends and notable developments in the Explosives and Pyrotechnics market space
- Growth projections of each market segment and sub-segment during the forecast period
- Effective marketing strategies of stakeholders in the Explosives and Pyrotechnics market
- Recent innovations, product launches, and technological advances relevant to the Explosives and Pyrotechnics market
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Regional Assessment
The regional assessment chapter in the report offers an out and out understanding of the potential growth of the Explosives and Pyrotechnics market across various geographies.
Application Assessment
The presented study ponders over the numerous applications of the Explosives and Pyrotechnics and offers a fair assessment of the supply-demand ratio of each application.
growth drivers of the market. The rising demand for gold and diamond jewelry is likely to aid the expansion of the market, as these substances require mining explosives. The military explosives segment has been adopting smart explosives, boosting market growth. Moreover, an increase in the defense expenditure worldwide is likely to result in a greater demand for technologically smart weapons. Mining of coal is expected to present substantial opportunities because the ever-increasing population worldwide has been necessitating energy generation.
However, the market might face restriction due to the harm caused to the environment, animals, and humans from emissions and noise by explosives and pyrotechnics.
Global Explosives and Pyrotechnics Market: Market Potential
In August 2016, Hanwha Corp. entered an agreement with an Indonesian government chemical company, Dahana, whereby Hanwha will supply ‘non-electric detonators’ that are half made. Danaher will further develop the detonators and sell them in Indonesia. Hanwha is looking forward to expand its penetration in the mining sector. This company has been supplying high-quality explosives and pyrotechnics to the Indonesian market since 2012.
Hanwha Corp. also signed a memorandum of understanding (MOU) with Ethiopian Construction Works Corp. in early June, 2016. The company is to provide heavy duty equipment for Ethiopia’s infrastructural development.
Global Explosives and Pyrotechnics Market: Regional Outlook
Based on geography, the global market for explosives and pyrotechnics can be segmented into Asia Pacific, North America, Europe, the Middle East and Africa, and the Rest of the World (RoW). The countries of Africa are expected to exhibit phenomenal growth potential due to the vast amount of minerals and natural ores that await mining. The Middle East will represent a large portion of the market revenue owing to its flourishing oil and gas industry. Presently, the global market for explosives and pyrotechnics appears to be dominated by Asia Pacific, with China and India at the fore. Europe has been spending more on arms and ammunition, thereby contributing towards market growth. While in North America, the presence of key market players in the U.S. is likely to boost the expansion of the market.
Global Explosives and Pyrotechnics Market: Competitive Analysis
Some of the major companies operating in the global market for explosives and pyrotechnics are Austin Powder Company, ENAEX, Titanobel SAS, AECI Group, Solar Industries India, Chemring Group, Sasol Limited, Orica Mining Services, Pyro Company Fireworks, Skyburst, Supreme Fireworks, Hanwha Corp., Incitec Pivot, Zambelli Fireworks, Entertainment Fire-works, LSB Industries, Melrose Pyrotechnics, and Angelfire Pyrotechnics. Several leading market players are aiming at expanding their presence in the global market. For example, Orica Mining Services has extended its presence in nearly 100 countries. Similarly, Austin Detonator s.r.o. distributes around 90% of its ouput to the U.S., European Union, and Iceland. It has also started catering to the requirements of the countries in Asia pacific and the Middle East.
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The report resolves the following doubts related to the Explosives and Pyrotechnics market:
- Who are the leading market players operating in the current Explosives and Pyrotechnics market landscape?
- Which region is expected to dominate the Explosives and Pyrotechnics market in terms of market share and size during the forecast period?
- What are the various factors that are likely to contribute to the growth of the Explosives and Pyrotechnics market in the upcoming years?
- What is the most impactful marketing strategy adopted by players in the Explosives and Pyrotechnics market?
- What is the projected CAGR growth of application 1 during the forecast period?
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