Explosive and Pyrotechnic Market Report: Trends, Forecast and Competitive Analysis to 2030

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?