News Contact Us

Explosives and Pyrotechnics Market Key Trends Shaping the Growth in the Upcoming Years, Key Participants

Author : Ravi Chawat | Published Date : 2021-09-02 

Explosives & Pyrotechnics Market will surpass USD 23 billion by 2025; according to a new research report.

Triggered by growing demand of explosives in military operations, explosive market is expected to gain momentum in the projected time period. Explosive weapons are generally used in mounted grenade and under barrel launchers, missile systems, aircraft bombs and in rocket systems. In 2018, global defense and aerospace industry has recovered and has experienced, high growth rate supported by rise in military expenditure worldwide. For instance, the U.S. has been strongly investing in defense sector of the nation. Moreover, NATO countries are also focusing on stretching their defense budgets in order to counter threats from the Middle East and Russia. Furthermore, countries such as China, India and Japan have also been witnessing a significant increase in defense expenditure.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/828

Stringent government regulations to reduce carbon emissions is one of the major hurdles likely to impact the market growth. For instance, UK is following an international treaty known as Kyoto protocol which is majorly focused towards climate change. This protocol commits various countries to adopt approaches to reduce carbon emissions.

The market is categorized into end user industries of pyrotechnics and explosive market. Military and mining sector attained a major share in the global market with a share of around 48% and 40% respectively. Rising coal mining activities in order to fulfill power generation demand is one of the key drivers of the segment. Also, growing explosives use in oil & gas exploration is likely to drive the market growth. Growing oil demand from transportation sector especially from developing regions is expected to further propel the market growth. On the other hand, countries like the U.S. has been experiencing a rise in oil production from tight oil reserves which marks the need for explosives in the process.

Get Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/explosives-and-pyrotechnics-market

Technological innovation in the mining industry such as digital mining technology is reshaping the mining sector which has been attracting new players in the market. Also, in countries like India, there has been a monopoly in mining sector for about a decade and is now inviting commercial mining in the nation to improve growth. These government initiatives coupled with new technological invention can drive the explosives market growth in the near future.

Pyrotechnics are mostly used for entertainment purposes. Products such as oxygen candles, safety matches, fasteners and explosive bolts fall under pyrotechnics purview. Several countries have pyrotechnic festivals conducted at a large scale. For instance, Cannes festival in France aims at celebrating the day with lights and fireworks. Also, Mexico has National Pyrotechnics Festival which continues for nine days and is held annually. The festival generally has participation of around 1,000 people and hence is celebrated at a very large scale. Apart from this, Pyrotechnics are used in music concerts, displays and in several other areas.

Browse More News:







About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

North America Graphite Market size to register significant gains over 2020-2027

Published Date: 2021-09-20         Author: Ravi Chawat

According to applications, the Graphite Market is divided into refractory, battery, foundry, lubricant, friction product and other applications. The battery segment is expected to boom during the forecast period which will amplify the graphite industry size. Various countries around the world are in... Read More

Body Worn Insect Repellent Market: What are the main applications and challenges?

Published Date: 2021-09-20         Author: Ravi Chawat

DecResearch has recently published a study titled ‘global Body worn insect repellent market research report’. In this report, analysts have provided a detailed evaluation of the global Body worn insect repellent market. The report is inclusive of a completely comprehensive study of the B... Read More

Bitumen Market Growth 2020 Regional Landscape, Production, Sales & Consumption Status and Prospects 2020-2025

Published Date: 2021-09-20         Author: Ravi Chawat

DecResearch has recently published a study titled ‘global Bitumen Market research report’. In this report, analysts have provided a detailed evaluation of the global Bitumen Market. The report is inclusive of a completely comprehensive study of the Bitumen Market alongside all the import... Read More

© 2021 Fractovia. All Rights Reserved