Explosives & Pyrotechnics Market Overview, Growth, Demand And Development Research Report To 2025
Category: #reports  By Rahul Sankrityayan  Date: 2020-04-29
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Explosives & Pyrotechnics Market Overview, Growth, Demand And Development Research Report To 2025

Global explosives and pyrotechnics market has recorded a commendable growth graph due to increasing mining activities, military spending and greater demand for recreational fireworks. Rapid industrialization has created massive demand for mined commodities which has resulted in increased mining activities in countries such as South-Africa, China, Indonesia, the U.S. etc. adding to the demand for explosives used in mining industry.

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Mounting government spending on the defense sector in various countries including the U.S., India, China, France, Saudi Arabia, U.K. and Russia will positively impact explosives market size. On the other hand, pyrotechnics (fireworks) market is forecast to gain traction with rising cracker shows on occasions, festivals and sports events.

Pyrotechnic articles are not only used for entertainment but are also utilized in technical & military cases for illumination and signaling, as pesticides and for various other purposes. Pyrotechnics are designed to give out specific effects, such as whistling, illumination, smoke formation, detonation, propulsion, shooting and disintegration.

The APA (American Pyrotechnics Association) predicted an exceptional year for fireworks sale in 2019. According to APA, consumer fireworks revenue has increased from $407 million in 2000 to $945 million in 2018. The APA estimates that fireworks revenues could exceed $1 billion during the 2019 fireworks season. On days like New Year’s Eve, almost every nation celebrates with elaborate firework shows. For instance, in 2017, the German Pyrotechnic Industry Association reported €137 million in sales in the final four days of the year. In 2019, New Year’s Eve fireworks sale in Netherlands amounted to €70 million, which is €2 million more than 2018 figures. Such a trend will ultimately prove beneficial for increasing  explosives and pyrotechnics market share.

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Table of Contents (ToC) of the report:

Chapter 3. Explosives & Pyrotechnics Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2014 - 2025

3.3. Industry ecosystem analysis

3.3.1. Profit margin analysis

3.3.2. Value addition

3.3.3. Raw material analysis

3.3.4. Distribution channel analysis

3.3.5. Vendor matrix

3.3.5.1. List of key manufacturers/distributors

3.3.5.2. List of key/potential customers

3.4. Industry impact forces

3.4.1. Growth drivers

3.4.1.1. Increasing mining operations in developing nations

3.4.1.2. Growing military spending for arms & ammunition

3.4.1.3. Growing oil & gas sector in the U.S.

3.4.2. Industry pitfalls & challenges

3.4.2.1. Stringent environment legislation

3.4.2.2. Workplace health & safety concerns and high levels of flammability

3.5. Regulatory landscape

3.5.1. U.S.

3.5.2. Europe

3.5.3. China

3.6. Growth potential analysis for Explosives

3.7. Growth potential analysis for Pyrotechnics

3.8. Company market share analysis, 2018

3.8.1. Strategy dashboard

3.9. Innovation & Sustainability

3.9.1. Patent analysis

3.9.2. Technology landscape

3.10. Porter’s analysis

3.10.1. Supplier power

3.10.2. Buyer power

3.10.3. Threat of new entrant

3.10.4. Industry rivalry

3.10.5. Threat of substitutes

3.11. Regional price trends

3.11.1. Cost structure analysis

3.11.1.1. R&D cost

3.11.1.2. Manufacturing & equipment cost

3.11.1.3. Raw material cost

3.11.1.4. Distribution cost

3.11.1.5. Operating cost

3.11.1.6. Miscellaneous cost

3.11.2. Price by end-user

3.12. PESTEL analysis

Chapter 4. Explosives Market, By End-user

4.1. Explosives market end-user insights

4.2. Mining

4.2.1. Market estimates and forecast, 2014 - 2025

4.2.2. Market estimates and forecast by region, 2014 – 2025

4.3. Construction

4.3.1. Market estimates and forecast, 2014 - 2025

4.3.2. Market estimates and forecast by region, 2014 – 2025

4.4. Military

4.4.1. Market estimates and forecast, 2014 - 2025

4.4.2. Market estimates and forecast by region, 2014 – 2025

4.5. Others

4.5.1. Market estimates and forecast, 2014 - 2025

4.5.2. Market estimates and forecast by region, 2014 – 2025

With record-breaking growth in backyard fireworks usage and liberalization of consumer fireworks laws, the number of fireworks-related injuries have dramatically declined. Currently, the fireworks-related injury rate is 56% lower than what it was in 2000. There is no such consumer product in the market that has an exceptional consumption growth and declining injury rate – which will encourage more expansive use of fireworks and add indirect impetus to explosives and pyrotechnics industry.

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Another factor significantly augmenting explosives and pyrotechnics market size is ongoing political unrest between countries, which has resulted in increased military spending. The top five spenders in the world in 2018 included U.S., China, Saudi Arabia, India and France, which accounted for approximately 60% of world military spending. The total world military spending has risen by 2.6% to reach USD 1,822 billion over 2017-2018, according to SIPRI (Stockholm International Peace Research Institute). Military segment accounts for approximately 45% in explosives and pyrotechnics market share. The segment growth is majorly influenced by political clashes in African countries, Middle East and Europe.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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