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The global explosives market size reached a value of nearly $36,568.4 million in 2021, having grown at a compound annual growth rate (CAGR) of 0.4% since 2016. The market is expected to grow from $36,568.4 million in 2021 to $40,093.2 million in 2026 at a rate of 1.9%. The explosives market is then expected to grow at a CAGR of 1.7% from 2026 and reach $43,605.4 million in 2031.
The Explosives Global Market Report 2022-31 by The Business Research Company describes and explains the global explosives market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Explosives Global Market Opportunities And Strategies Report covers explosives market drivers, explosives market trends, explosives market segments, explosives market growth rate, explosives market major players, explosives market size and a special focus on identifying the trends, opportunities, and strategies that can lead to success.
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The Explosives Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies in detail. O&S reports are available off the shelf and can be delivered to clients on the day of purchase. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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A key explosives market trend:
Explosives companies globally are taking full advantage of digital technologies in their operations including blasting. Digital tools help in optimizing blasting outcomes and enhance all downstream processes.
The report covers the explosives market segments:
1) By Type: C4, HMX, PETN, RDX, Dynamite, ANFO, Others
2) By Application: Military, Mining, Quarrying, Construction, Others
3) By Pyrotechnics Application: Display, Consumer, Procimate, Others
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