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France Explosives and Pyrotechnics Market to experience a heavy growth over 2016-2025, increased expenditure on the defense sector to stimulate the regional demand

Publisher : Fractovia | Published Date : June 2017 | Price : $4500Request Sample

The increased spending on defense activities by global government bodies are certain to impel Explosives and pyrotechnics market growth. The expansion of the arms & ammunition sector has been massive since the last few years. With the growth of the military & defense sector, the demand for ammunition and weapons is on a rapid incline, which will spur explosives and pyrotechnics industry. The global expenditure on the military sector was around USD 1.5 trillion in 2010 and is anticipated to cross USD 3 trillion by 2025. Countries such as India, U.S., and China have also increased their overall spending on arms and ammunition to strengthen their armed forces. In addition, technological advancements and the necessity of smart weapons will subsequently propel explosives and pyrotechnics market growth.
 

Worldwide explosives and pyrotechnics industry was fiercely competitive in 2015. Major corporations are engaged in the export activities of commercial explosives to meet the global product demand. For instance, Orica Mining Services, the renowned Australian explosives and pyrotechnics market player that is heavily involved in manufacturing blasting systems and commercial explosives with a presence in more than 100 countries, exports its product and contributes toward meeting the worldwide demand for these explosives.
 


U.S Explosives Market size, by end use, 2010-2025 (USD Million)
U.S Explosives Market size, by end use, 2010-2025 (USD Million)

 

It has also been observed that hunting activities across the U.S. and European countries have increased considerably. Furthermore, the political conditions plaguing the regions such as the Middle East and Africa will also demand the usage of arms and ammunition. On these grounds, global explosives and pyrotechnics industry size is anticipated to cross USD 23.2 billion by 2025, with a CAGR estimation of 4% over 2016-2025, having held a valuation of USD 4.57 billion in 2015.
 

The growing construction and mining sector will demand the use of commercial explosives, as they are used to break rocks and boulders into smaller pieces. The number of mining activities to unearth minerals such as cement, steel, copper, aluminum, and other metals have been increasing on a global scale to meet the elementary requirements of nations worldwide. These activities will necessitate the requirement of explosives, which will impel the growth of explosives and pyrotechnics market. The rapidly growing mining sector across Africa will also substantially augment this industry growth, pertaining to the fact that this region is a treasure house of natural ores and minerals.
 

The rising public demand for outdoor firework shows for high grade events such as celebrity weddings, sporting events, public holidays, etc., is anticipated to fuel explosives and pyrotechnics market. The mining sector is also forecast to carve out a profitable roadmap for itself across the geographies of Australia, U.S, and Russia. In fact, as per statistics, global mining sector was worth USD 400 billion in 2010 and is expected to cross USD 700 billion by 2025. Explosives are used massively in the blasting technology of both, the underground and open pit mining processes, which will propel explosives and pyrotechnics industry growth.
 

Coal mining, in 2015, was the sector that accounted for a huge revenue contribution. The limited supply of energy in many nations is one of the key factors driving the growth of the coal mining industrial segment. With the gradual increase in the demand for coal and other minerals, explosives and pyrotechnics market will observe an extensive CAGR over 2016-2025.

 

Explosives and pyrotechnics industry from the mining sector was worth USD 6 billion in 2015, and is expected to grow over the years ahead, pertaining to the extensive demand for natural ores, metals, and minerals for various end-user industries. Rising demand for jewelry such as gold and diamonds and the expanding oil & gas sector will propel the growth of explosives and pyrotechnics market from mining applications.
 

North America explosives and pyrotechnics industry was worth USD 4.5 billion in 2015 and is expected to generate substantial revenue by 2025. This growth can be credited to the rising expenditure on the defense sector, increasing shale gas exploration activities, and the existence of huge corporations in the United States.
 

Asia Pacific led the global landscape in 2015, owing to the presence of major industry players across the region. With India and China slated to be the key revenue contributors, APAC explosives and pyrotechnics market is expected to grow at a significant rate over 2016-2025. The growth can also be attributed to the number of industry players in Australia coupled with the rising presence of coal and gold reserves across China.
 

Military explosives have been evolving since the last few years. The usage of the latest smart explosives has played a vital role in enhancing the strength of the global military base. Explosives and pyrotechnics market growth from the military sector is expected to grow at a rate of 3.5% over 2016-2025. With the governments of nations such as India, France, U.S., and China willing to spend excessively on manufacturing arms & ammunition for the defense forces, explosives and pyrotechnics market from the military sector will observe a massive growth over the coming years.
 

Companies accumulating a share of global explosives and pyrotechnics market include ENAEX, Skyburst, Austin Powder Company and Chemring Group, Incitec Pivot, Zambelli Fireworks, Howard & Sons, Orica Mining Services, Titanobel SAS, Celebration Fireworks, Sasol Limited, AECI Group, Angelfire Pyrotechnics, Hanwha Corp., Melrose Pyrotechnics, LSB Industries, Supreme Fireworks, Solar Industries India, Entertainment Fire-works, Impact Pyro, and Pyro Company Fireworks. Explosives and pyrotechnics industry participants have been striving to expand their production capacity and increase their global presence.

 

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