San Francisco, 20 December 2018, Explosives Market Analysis By Product
(Blasting Agents, Propellants, Pyrotechnics), By Application and Pyrotechnics
Market Analysis By Application (Proximate Pyrotechnics, Consumer Pyrotechnics,
Display Pyrotechnics) And Segment Forecasts, 2018 - 2024
The global explosives market is expected to reach USD
31.95 billion by 2024, according to a new report by Grand View Research, Inc.
The global explosives and pyrotechnics market is expected to grow significantly
over the forecast period on account of increasing use of the product in
construction and mining activities.
Rising number of projects for
infrastructure development in Asia Pacific is expected to drive the demand for
explosives as a blasting agent. Increasing government spending for
infrastructure development in Asia Pacific and the Middle East on account of
increasing domestic output is expected to play a significant role in amplifying
construction activities in these regions.
In 2013, Asia Pacific
contributed to approximately 44% of the total global construction spending, an
increase of 4% from the previous year. Also, the development of new
construction and building projects in Asia is likely to boost market growth.
The demand for explosives in the region is expected to be 14.93 million tons by
2024.
Access Full Research
Report On Explosives Market Analysis:
www.grandviewresearch.com/industry-analysis/explosives-pyrotechnics-market
www.grandviewresearch.com/industry-analysis/explosives-pyrotechnics-market
Further key findings from the report suggest:
·
Positive outlook towards the
mining sector in Chile, and Peru, and owing to government policies to open
opportunities for investments by foreign players, to improve the economic
conditions, is expected to drive the demand for explosives subsequently. The
segment is projected to witness volume growth at a CAGR of 4.9% over the
forecast period.
·
Coal mining was the largest
application within the mining sector accounting for 49.8% of the volume in
2015. However, the outlook towards coal is likely to be bleak over the forecast
period on account of increasing shifting trends of consumers towards alternative
sources of energy including natural gas and renewable energy. However, metal
mining is expected to witness tremendous growth on account of rising demand for
metals including rare earth elements.
·
Consumer pyrotechnics accounted
for 36.2% of the global volume in 2015 and is expected to grow on account of
increasing demand for recreational fireworks, model rocket motors, and
powder-actuated nail guns.
·
Key market players include
Orica Mining Services, ENAEX, Maxam Corp., Sasol Limited, Austin Powder Company,
AEL Mining Services, Chemring Group, Incitec Pivot, AECI Group, Pyro Company
Fireworks, ePC Group, Alliant Techsystems, Titanobel SAS, Hanwha Corp., Solar
Industries India, and LSB Industries.
·
Companies are focusing on
product innovation to cater to the growing demand for safe & effective
explosives. For instance, in September 2016, Orica launched a new product,
Vistis Bulk System, catering to the growing consumer demand in Australia.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
Grand View Research has segmented the
global explosives & pyrotechnics market on the basis of product,
application and region:
Global Explosives Product
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 - 2024)
·
Blasting agents
·
Propellants
·
Pyrotechnics
·
Others
Global Explosives Application
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 - 2024)
·
Mining
·
Construction
·
Military
·
Others
Global Pyrotechnics Application
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 - 2024)
·
Proximate pyrotechnics
·
Consumer pyrotechnics
·
Display pyrotechnics
·
Others
Global Explosives Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
·
Middle East & Africa (MEA)
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-silicone-coating-market
www.grandviewresearch.com/press-release/global-silicone-coating-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
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