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Explosive and Pyrotechnic Trends and Forecast
The future of the global explosive and pyrotechnic market looks promising with opportunities in the mining, construction, and military markets. The global explosive and pyrotechnic market is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are rising demand for eco-friendly explosives and increasing consumer demand for outdoor crackers.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Explosive and Pyrotechnic by Segment
The study includes a forecast for the global explosive and pyrotechnic by product, pyrotechnics application, explosives application, and region.
Explosive and Pyrotechnic Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Blasting Agent
• Propellants
• Pyrotechnics
• Others
Explosive and Pyrotechnic Market by Pyrotechnics Application [Shipment Analysis by Value from 2018 to 2030]:
• Proximate Pyrotechnics
• Consumer Pyrotechnics
• Display Pyrotechnics
• Others
Explosive and Pyrotechnic Market by Explosives Application [Shipment Analysis by Value from 2018 to 2030]:
• Mining
• Construction
• Military
• Others
Explosive and Pyrotechnic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Explosive and Pyrotechnic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies explosive and pyrotechnic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the explosive and pyrotechnic companies profiled in this report include-
• Orica Mining Services
• Sasol
• Austin Powder
• Chemring
• ENAEX
• Maxam
• Incitec Pivot
• AECI
• Pyro Company Fireworks
• EPC
Explosive and Pyrotechnic Market Insights
Lucintel forecasts that display pyrotechnics is expected to witness the highest growth over the forecast period due to its rising preference to obtain exceptional visual experiences at sporting events, music festivals, concerts, and cultural celebrations.
APAC is expected to witness highest growth over the forecast period due to rapidly growing military spending in the region.
Features of the Global Explosive and Pyrotechnic Market
Market Size Estimates: Explosive and pyrotechnic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Explosive and pyrotechnic market size by product, pyrotechnics application, explosives application, and region in terms of value ($B).
Regional Analysis: Explosive and pyrotechnic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, pyrotechnics applications, explosives applications, and regions for the explosive and pyrotechnic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the explosive and pyrotechnic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for explosive and pyrotechnic market?
Answer: The global explosive and pyrotechnic market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the explosive and pyrotechnic market?
Answer: The major drivers for this market are rising demand for eco-friendly explosives and increasing consumer demand for outdoor crackers.
Q3. What are the major segments for explosive and pyrotechnic market?
Answer: The future of the explosive and pyrotechnic market looks promising with opportunities in the mining, construction, and military markets.
Q4. Who are the key explosive and pyrotechnic market companies?
Answer: Some of the key explosive and pyrotechnic companies are as follows:
• Orica Mining Services
• Sasol
• Austin Powder
• Chemring
• ENAEX
• Maxam
• Incitec Pivot
• AECI
• Pyro Company Fireworks
• EPC
Q5. Which explosive and pyrotechnic market segment will be the largest in future?
Answer: Lucintel forecasts that display pyrotechnics is expected to witness the highest growth over the forecast period due to its rising preference to obtain exceptional visual experiences at sporting events, music festivals, concerts, and cultural celebrations.
Q6. In explosive and pyrotechnic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapidly growing military spending in the region.
Q.7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the explosive and pyrotechnic market by product (blasting agent, propellants, pyrotechnics, and others), pyrotechnics application (proximate pyrotechnics, consumer pyrotechnics, display pyrotechnics, and others), explosives application (mining, construction, military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Explosive And Pyrotechnic Market, Explosive And Pyrotechnic Market Size, Explosive And Pyrotechnic Market Growth, Explosive And Pyrotechnic Market Analysis, Explosive And Pyrotechnic Market Report, Explosive And Pyrotechnic Market Share, Explosive And Pyrotechnic Market Trends, Explosive And Pyrotechnic Market Forecast, Explosive And Pyrotechnic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Explosive and Pyrotechnic Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Explosive and Pyrotechnic Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Explosive and Pyrotechnic Market by Product
3.3.1: Blasting agent
3.3.2: Propellants
3.3.3: Pyrotechnics
3.3.4: Others
3.4: Global Explosive and Pyrotechnic Market by Pyrotechnics Application
3.4.1: Proximate Pyrotechnics
3.4.2: Consumer Pyrotechnics
3.4.3: Display Pyrotechnics
3.4.4: Others
3.5: Global Explosive and Pyrotechnic Market by Explosives Application
3.5.1: Mining
3.5.2: Construction
3.5.3: Military
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Explosive and Pyrotechnic Market by Region
4.2: North American Explosive and Pyrotechnic Market
4.2.1: North American Explosive and Pyrotechnic Market by Pyrotechnics Application: Proximate Pyrotechnics, Consumer Pyrotechnics, Display Pyrotechnics, and Others
4.2.2: North American Explosive and Pyrotechnic Market by Explosives Application: Mining, Construction, Military, and Others
4.3: European Explosive and Pyrotechnic Market
4.3.1: European Explosive and Pyrotechnic Market by Pyrotechnics Application: Proximate Pyrotechnics, Consumer Pyrotechnics, Display Pyrotechnics, and Others
4.3.2: European Explosive and Pyrotechnic Market by Explosives Application: Mining, Construction, Military, and Others
4.4: APAC Explosive and Pyrotechnic Market
4.4.1: APAC Explosive and Pyrotechnic Market by Pyrotechnics Application: Proximate Pyrotechnics, Consumer Pyrotechnics, Display Pyrotechnics, and Others
4.4.2: APAC Explosive and Pyrotechnic Market by Explosives Application: Mining, Construction, Military, and Others
4.5: ROW Explosive and Pyrotechnic Market
4.5.1: ROW Explosive and Pyrotechnic Market by Pyrotechnics Application: Proximate Pyrotechnics, Consumer Pyrotechnics, Display Pyrotechnics, and Others
4.5.2: ROW Explosive and Pyrotechnic Market by Explosives Application: Mining, Construction, Military, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Explosive and Pyrotechnic Market by Product
6.1.2: Growth Opportunities for the Global Explosive and Pyrotechnic Market by Pyrotechnics Application
6.1.3: Growth Opportunities for the Global Explosive and Pyrotechnic Market by Explosives Application
6.1.4: Growth Opportunities for the Global Explosive and Pyrotechnic Market by Region
6.2: Emerging Trends in the Global Explosive and Pyrotechnic Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Explosive and Pyrotechnic Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Explosive and Pyrotechnic Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Orica Mining Services
7.2: Sasol
7.3: Austin Powder
7.4: Chemring
7.5: ENAEX
7.6: Maxam
7.7: Incitec Pivot
7.8: AECI
7.9: Pyro Company Fireworks
7.10: EPC
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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