PUBLISHER: Grand View Research | PRODUCT CODE: 1268728
PUBLISHER: Grand View Research | PRODUCT CODE: 1268728
North America & Europe Research Department Explosive Market Size, Share & Trends Analysis Report By Application (Military {Cast PBX, Pyrotechnics}, Civilian {Fireworks, Demolition Blocks}), By Region, And Segment Forecasts, 2023 - 2030
North America & Europe Research Department Explosive Market Growth & Trends:
The North America & Europe research department explosive market size is expected to reach USD 2.61 billion by 2030, expanding at a CAGR of 2.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by proliferating defense spending and growing military activities in upcoming years.Research department explosive (RDX) can act as a standalone base charge for a wide range of detonators or can also be mixed with other explosives, oils, or waxes to make military ammunition and other products.
RDX is increasingly being utilized in the mining and construction industries. The mining industry requires high-performance explosives for exploration and rock excavation activities. The prominence of mining activity in North America and Europe is bound to drive growth for the RDX industry during the forecast period. In addition, the construction sector is also expected to increase significantly over the forecast period, owing to rising infrastructure and rock excavation activities, especially in developing countries in the regions including Mexico, Poland, Portugal, and Czech Republic.
Pyrotechnic is one of the key application segment in North America and Europe regions. It contributed to nearly 15% of the total demand in 2022. The success of the segment lies in its diverse use for both military and civil applications. Pyrotechnics are regularly used during festivities to light fireworks. Moreover, the application is also important to stranded ship crew members to signal nearby ships during emergencies.
Pyrotechnics also help police forces use explosives or gases in small quantities to disperse crowds during riots. Furthermore, pyrotechnics are widely used in key sectors such as mining, and construction to demolish structures in the most cost-effective, and reliable manner. The segment is also driven by the massive growth of the arms & ammunition sector across the regions in recent years, which in turn is expected to boost the product demand.
The North America & Europe research department explosive market participants are adopting various strategic initiatives such as the expansion of product portfolio, new product development as well as mergers & acquisitions. Companies in the market remain heavily invested in R&D activities to develop innovative products to aid defense forces and cater to the ever-increasing product demand.Thanks to the innovation in the industry, the explosives industry has witnessed rapid expansion owing to the rising demand for modern rockets and missiles. This is expected to augment the demand for propellants in the market.
The widespread dependence of various countries on national defense in general and firearms, in particular, has led to the prominence of gunpowder, research department explosive, and TNT in munitions. This remains the key to industry growth, even as new civil applications continue to create promising growth opportunities. Moreover, RDX is increasingly deployed in dry-hole blasting applications in mining, quarrying, and other construction activities. Rapidly rising mining activities across the U.S. owing to shell gas advent have further boosted market demand.
North America & Europe Research Department Explosive Market Report Highlights:
- The civil application of hexogen is expected to grow at a CAGR of 2.8% in terms of revenue by 2030 in North America with the growing demand for demolition blocks, fireworks, and civil pyrotechnics applications. Rising supply and demand for various fireworks such as powder-actuated nail guns, recreational fireworks, and others have significantly triggered demand in civil applications
- Military application emerged as the largest segment in this industry with a volume share of over 80% in 2022. Rapidly increasing defense expenditure across the U.S. has significantly boosted industry growth. Research department explosive cyclonite is widely utilized in numerous military applications, such as bombs, munitions of all calibers, and missile warheads
- The North America research department explosive market is projected to grow at a CAGR of 2.8% in terms of revenue by 2030. Favorable demographic trends in North America such as the growing population is expected to lead to the construction of more roads and bridges, which in turn will fuel the demand for high-performance explosives, such as RDX and TNT in the construction sector. Moreover, capacity addition by airports and railways is also expected to drive the demand for RDX over the forecast period
- Europe holds a significant market share in terms of revenue for 2022. Mining is a significant economic activity in key European countries such as Germany and Russia. The major mining activities in Germany revolve around copper, natural gas, nickel, coal, potash, lignite, iron ore, and uranium. Globally, Germany is one of the major producers of lignite, refined selenium, kaolin, sulfur, potash, refined copper, and crude steel. Increasing extraction activities in these ores are boosting the demand for RDX in Germany, and Europe.
- Key RDX manufacturers such as Eurenco; Accurate Energetic Systems, LLC; Austin Powder Co.; Dyno Nobel are some of the main backward integrated market players which hold prominence in the supply chain of RDX raw materials as well. A large number of key players are involved in backward integration as it streamlines production and offers more control over logistics.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2022 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. North America & Europe Research Department Explosive Market Variables, Trends & Scope
- 3.1. Market Ancillary Market
- 3.2. Value Chain Analysis
- 3.2.1. Supply Chain Analysis
- 3.2.2. Price Trend Analysis
- 3.3. Regulatory Framework
- 3.4. Technology Overview
- 3.5. North America & Europe Research Department Explosive Market - Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.1.1. Rapid Expansion of the Defense Industry
- 3.5.1.2. Rapidly Growing Mining Sector
- 3.5.2. Market Restraint Analysis
- 3.5.2.1. Harmful Environmental Impact
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.5.1. Market Driver Analysis
- 3.6. North America & Europe Research Department Explosive Market - Porter's five forces analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyer
- 3.6.3. Threat of New Entrants
- 3.6.4. Threat of Substitution
- 3.6.5. Competitive Rivalry
- 3.7. Industry Analysis - PESTLE
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Environmental Landscape
- 3.8. Market Disruption Analysis
Chapter 4. North America & Europe Research Department Explosive Market: Application Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Application Market Share Analysis, 2022 & 2030
- 4.3. Military
- 4.3.1. North America & Europe Research Department Explosive Market Estimates and Forecasts, for Military, 2018 - 2030 (Million Square Feet) (USD Million)
- 4.4. Civilian
- 4.4.1. North America & Europe Research Department Explosive Market Estimates and Forecasts, for Civilian, 2018 - 2030 (Million Square Feet) (USD Million)
Chapter 5. North America & Europe Research Department Explosive Market: Regional Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Regional Market Share Analysis, 2022 & 2030
- 5.3. North America
- 5.3.1. North America Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.2. U.S.
- 5.3.2.1. U.S. Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3. Canada
- 5.3.3.1. Canada Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Europe
- 5.4.1. Europe Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.2. Germany
- 5.4.2.1. Germany Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3. France
- 5.4.3.1. France Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4. UK
- 5.4.4.1. UK Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5. Italy
- 5.4.5.1. Italy Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.6. Turkey
- 5.4.6.1. Turkey Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.7. Spain
- 5.4.7.1. Spain Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.8. Austria
- 5.4.8.1. Austria Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.9. Russia
- 5.4.9.1. Russia Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.10. Bulgaria
- 5.4.10.1. Bulgaria Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.11. Ukraine
- 5.4.11.1. Ukraine Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.12. Poland
- 5.4.12.1. Poland Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.13. Slovakia
- 5.4.13.1. Slovakia Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.14. Czech Republic
- 5.4.14.1. Czech Republic Research Department Explosive (RDX) Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. North America & Europe Research Department Explosive Market Supplier Intelligence
- 6.1. Kraljic Matrix/Portfolio Analysis
- 6.2. Engagement Model
- 6.3. Negotiation Strategies
- 6.4. Sourcing Best Practices
- 6.5. Vendor Selection Criteria
- 6.6. List of Raw Material Suppliers
- 6.7. List of Distributors
- 6.8. List of End-users
Chapter 7. Competitive Landscape
- 7.1. Key Players, their Recent Developments, and their Impact on Industry
- 7.2. Key Company/Competition Categorization
- 7.3. Company Market Position Analysis
- 7.4. Company Heat Map Analysis
- 7.5. Company Market Share Analysis, 2022
- 7.6. Strategy Mapping
- 7.7. Company Listing
- 7.7.1. Eurenco
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.1.4. Strategic Framework
- 7.7.2. Chemring Nobel
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.2.4. Strategic Framework
- 7.7.3. Prva Iskra-Namenska a.d.
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.3.4. Strategic Framework
- 7.7.4. BAE Systems
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.4.4. Strategic Framework
- 7.7.5. Nitro Chem S.A.
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.5.4. Strategic Framework
- 7.7.6. Austin Powder Company
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.6.4. Strategic Framework
- 7.7.7. EPC Groupe
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.7.4. Strategic Framework
- 7.7.8. LSB Industries Inc.
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.8.4. Strategic Framework
- 7.7.9. Ensign Bickford Company
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.9.4. Strategic Framework
- 7.7.10. Dyno Nobel
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.10.4. Strategic Framework
- 7.7.1. Eurenco
List of Tables
- Table 1 Average selling price, by country, 2017 - 2022 (USD/Kg)
- Table 2 Key international regulations & their impact on North America & Europe research department explosive industry
- Table 3 North America & Europe research department explosive - Key market driver impact
- Table 4 North America & Europe research department explosive - Key market restraints impact
- Table 5 North America & Europe research department explosive market volume by application, 2018 - 2030 (Kilotons)
- Table 6 North America & Europe research department explosive market revenue by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Information Procurement
- Fig. 2 Primary Research Patter
- Fig. 3 Primary Research Process
- Fig. 4 Market Research Approaches - Bottom - Up Approach
- Fig. 5 Market Research Approaches - Top - Down Approach
- Fig. 6 Market Research Approaches - Combined Approach
- Fig. 7 Market Outlook
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Outlook
- Fig. 10 Research Department Explosive (RDX) - Market segmentation & scope
- Fig. 11 Research Department Explosive (RDX) - market dynamics
- Fig. 12 PESTLE analysis by SWOT
- Fig. 13 Porter's five forces analysis
- Fig. 14 North America & Europe research department explosive market, by application: Key takeaways
- Fig. 15 North America & Europe research department explosive market, by application: Market share, 2022 & 2030
- Fig. 16 North America & Europe research department explosive market volume and revenue, for military application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 17 North America & Europe research department explosive market volume and revenue, for civilian application, 2018 - 2030 (Kilotons) (USD Million)
- Fig 18 North America research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 19 U.S. research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 20 Canada research department explosive market volume and revenue 2018 - 2030 (Kilotons) (USD Million)
- Fig 21 Europe research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 22 Germany research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 23 France research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 24 UK research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 25 Italy research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 26 Turkey research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 27 Spain research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 28 Austria research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 29 Russia research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 30 Bulgaria research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 31 Ukraine research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 32 Poland research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 33 Slovakia research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig 34 Czech Republic research department explosive market volume and revenue, 2018 - 2030 (Kilotons) (USD Million)
