Explosives and Pyrotechnics Market Size to Surpass USD 27.92 billion by 2029, grow at a 5% CAGR

Exactitude Consultancy Market Research analyses that the Explosives and Pyrotechnics Market will witness a CAGR of 5% for the forecast period of 2023-2029 and is likely USD 18 billion in 2022 to reach at USD 27.92 billion by 2029.

Research report on the Explosives and Pyrotechnics market allows buyers to deliver unique solutions to various end users and improve their business presence in the industry. The report is introduced with accurate statistics regarding market share, size, and growth rate for the buyers to focus on their operations and achieve various goals smoothly. Numerous driving factors, restraints, opportunities, and threats affecting the Explosives and Pyrotechnics market growth is described in the study for the strategy planners to plan policies pertaining to production volume, delivery of services, making connections, and creating awareness in the minds of consumers.

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Explosives and Pyrotechnics Market: Notable Developments

✦ From the first firecrackers invented in China in 200 B.C, fireworks used today have advanced manifold. Mostly bright and noisy concoctions used then, the flammable mix were introduced to various elements to impart color. The evolving color line for fireworks is itself notable, with creation of blue fireworks a feat in pyrotechnic research and development. To overcome clashing of blue shade of the evening sky with blue fireworks requires right balance of copper and other chemicals. Such innovations represent stir in the pyrotechnics market.

✦ Among top names in the pyrotechnics sector, change of role of a leader at Orica Mining Services- the world's largest manufacturer and supplier of mine explosives has aroused global interest. Michelle Manook - who headed strategy for government and communications across multiple geographies for Orica Mining takes over as new CEO of the World Coal Association. She brings with her extensive managerial experience across business domains including mining, albeit this is her first dedicated presence in the coal industry.

Prominent Key players of the Explosives and Pyrotechnics Market survey report:

Historical data available in the report elaborates on the development of the Explosives and Pyrotechnics on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Orica Mining Services, Incitec Pivot, Sasol, Austin Powder Company, Enaex, Maxam Corp., AECI Group, ePC Group, Alliant Techsystems, AEL Mining Service.

Strategic Development:

✦ In 2021, Orica Limited revealed that it had purchased a 55% stake in Exsa, a maker of explosives with operations in Peru. This move is anticipated to increase Orica's market dominance in the region and broaden its range of products.

✦ In 2020, Nioa Nominees Pty Ltd sold the remaining 50% of Chemring Australia Pty Ltd to Chemring Group, enhancing Chemring's capacity to provide defense goods and services in Australia.

✦ In 2020, Codelco, a Chilean copper mining corporation, and MaxamCorp Holding S.L. inked a five-year agreement for the provision of industrial explosives and services for its mining operations.

New Product Launches:

✦ AEI Systems Ltd.: In 2021, AEI Systems Ltd. introduced a new range of electronic fuzes for surface-to-surface and air-to-ground Ammunition that offers increased safety and precision for military and defence applications.

✦ Orica Limited: The FRAGTrackTM system, a fragmentation tracking system for mining operations that employs sensors to monitor and optimise blasting processes, improves safety and effectiveness, was introduced by Orica Limited in 2020.

Explosives and Pyrotechnics Market Segmentation:

Global Explosives & Pyrotechnics Market By Product, 2023-2029, (Usd Million) (Kilotons)

» Blasting Agents

» Propellants

» Pyrotechnics

» Others

Global Explosives & Pyrotechnics Market By Application, 2023-2029, (Usd Million) (Kilotons)

» Mining

» Construction

» Military

» Others

Global Explosives & Pyrotechnics Market By Pyrotechnics Application, 2023-2029, (Usd Million) (Kilotons)

» Proximate Pyrotechnics

» Consumer Pyrotechnics

» Display Pyrotechnics

» Others

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Explosives and Pyrotechnics Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Explosives and Pyrotechnics industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Explosives and Pyrotechnics industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Explosives and Pyrotechnics Market Research Report 2023-2029

1 Explosives and Pyrotechnics Market Overview

1.1 Product Overview and Scope of Explosives and Pyrotechnics

1.2 Explosives and Pyrotechnics Segment by Type (Product Category)

1.3 Global Explosives and Pyrotechnics market Segment by Application

1.4 Global Explosives and Pyrotechnics Market by Region (2023-2029)

1.4.1 Global Explosives and Pyrotechnics Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Explosives and Pyrotechnics (2023-2029)

1.5.1 Global Explosives and Pyrotechnics Revenue Status and Outlook (2023-2029)

1.5.2 Global Explosives and Pyrotechnics Capacity, Production Status and Outlook (2023-2029)

…

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