The Explosives And Pyrotechnics Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Explosives And Pyrotechnics Market?
The market size of explosives and pyrotechnics has seen substantial growth lately. The market size expanded from $25.22 billion in 2024 to $27.17 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Explosives And Pyrotechnics Industry?
The Global Market Report 2025 predicts that by 2029, the explosives and pyrotechnics market will have expanded to a size of $36.25 billion, demonstrating a compound annual growth rate (CAGR) of 7.5%.
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What are the Key Growth Drivers Fueling the Explosives And Pyrotechnics Market?
The key drivers in the explosives and pyrotechnics market are:
• Rising demand for eco-friendly explosives
• Growth in defense modernization initiatives
• Increased use in terrestrial and marine seismic exploration
• Expansion of space and satellite launches coupled with the rising popularity of theme park pyrotechnics.
Global Market Segmentation: Identifying Major Explosives And Pyrotechnics Industry Segments
The explosives and pyrotechnics market covered in this report is segmented –
1) By Product: Blasting Agents, Propellants, Pyrotechnics, Other Products
2) By Pyrotechnics Application: Proximate Pyrotechnics, Consumer Pyrotechnics, Display Pyrotechnics, Other Pyrotechnics Applications
3) By End User: Mining, Construction, Military, Entertainment, Consumer, Other End Users
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What are the Emerging Trends Shaping the Future of the Explosives And Pyrotechnics Market?
The key trends in the explosives and pyrotechnics market are:
• Technological advancements in explosive materials are setting the trend for the future market.
• Innovations in pyrotechnic formulations are a growing trend in the field.
• Future growth is expected with significant investments in research and development.
• The development of smart detonation systems and emphasis on safety-enhancing technologies is emerging as a significant trend.
Who Are the Top Competitors & Leading Players in the Explosives And Pyrotechnics Market?
Major players in the explosives and pyrotechnics market are:
• BAE Systems Munitions Ltd
• Thales Group SA
• Rheinmetall AG
• Hanwha Corporation
• Orica Mining Services Pty Ltd.
• Austin Powder Company Inc.
• Dyno Nobel Inc.
• Solar Industries India Ltd
• General Dynamics Ordnance and Tactical Systems (GD-OTS) Inc.
• Chemring Group PLC
• EPC Groupe
• Société Suisse des Explosifs (SSE) SA
• Howard & Sons Pyrotechnics Pty Ltd
• Pyro Spectaculars by Souza Inc.
• Zambelli Fireworks Inc.
• AEL Mining Services (Pty) Ltd
• Vasantha Fireworks
• Jorge Fireworks Inc.
• WECO Feuerwerk GmbH
• Pirotecnia Igual S.A.
Regional Dominance: Which Area Leads the Global Explosives And Pyrotechnics Market?
Asia-Pacific was the largest region in the explosives and pyrotechnics market in 2024
