Explosives Global Market Report 2021 - COVID-19 Growth And Change

The Business Research Company’s Explosives Global Market Report 2021 - COVID-19 Growth And Change

LONDON, GREATER LONDON, UK, October 11, 2021 /EINPresswire.com/ -- Major players operating in the explosives market are adopting various sustainable or green approaches to develop smart blasting to reduce the impact of explosives on the environment. For instance, AEL- Intelligent Blasting company announced plans to develop green solutions for mines in Francophone West Africa. In July 2019, the company announced to introduce the eco-formulation of surface emulsion that utilizes waste oil generated by the mines, which will help companies to reduce the carbon footprint. Therefore, the introduction of green approaches for smart blasting is a key trend shaping the growth of the explosives market.

Major players covered in the global explosives industry are Orica Mining Services, Sasol Limited, Austin Powder Company, Dyno Nobel, NOF Corp., BME Mining, China Poly Group, Chemring Group, Maxam Corp., ENAEX, Incitec Pivot, AECI Group, Pyro Company Fireworks, ePC Group, Alliant Techsystems, AEL Mining Services, Titanobel SAS, Hanwha Corp., Solar Industries India, LSB Industries, Zambelli Fireworks, Melrose Pyrotechnics, Angelfire Pyrotechnics, Skyburst, Howard & Sons, Supreme Fireworks UK, Entertainment Fire-works, Celebration Fireworks, Impact Pyro, Societe Nationale Des Poudres Et Explosifs (SNPE).

Read More On The Global Explosives Market Report:
https://www.thebusinessresearchcompany.com/report/explosives-market-global-report-2020-30-covid-19-growth-and-change

The global explosives market size is expected grow from $28.94 billion in 2020 to $30.04 billion in 2021 at a compound annual growth rate (CAGR) of 3.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $38.42 billion in 2025 at a CAGR of 6%.

TBRC’s global explosives market report is segmented by type into C4, HMX, PETN, RDX, dynamite, ANFO, others, by application into military, mining, quarrying, construction, others, by pyrotechnics application into display, consumer, procymate, others.

Explosives Global Market Report 2021 - By Type (C4, HMX, PETN, RDX, Dynamite, ANFO), By Application (Military, Mining, Quarrying, Construction), By Pyrotechnics Application (Display, Consumer, Procymate), COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides explosives market overview, forecast explosives market size and growth for the whole market, explosives market segments, and geographies, explosives market trends, explosives market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

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