The Research Department Explosive (RDX) Global Market Report 2023 by The Business Research Company, provides research department explosive (RDX) market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Research Department Explosive (RDX) Global Market Report 2023, the market size is expected to grow from $9.58 billion in 2022 to $10.07 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global research department explosive (RDX) is expected to grow to $12.17 billion in 2027 at a CAGR of 4.8%.
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.
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The research department explosive (RDX) market is segmented:
1) By Type: Explosives, Pyrotechnics, and Other Types
2) By Sales Channel: Direct Channel, Distribution Channel
3) By Application: Military, Civilian
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 defence sector.
The research department explosive (RDX) market report table of contents includes:
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
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26. Africa Research Department Explosive (RDX) Market
27. Research Department Explosive (RDX) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Research Department Explosive (RDX) Market
29. Research Department Explosive (RDX) Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- BAE Systems plc
- Chemring Group PLC
- Mil-Spec Industries Corporation
- Chemical Plant NITRO-CHEM SA
- Prva Iskra Namenska a.d
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