Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Research Department Explosive (RDX) Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Research Department Explosive (RDX) Market?
The market size of the Research Department Explosive (RDX) has been on a steady rise. In 2024, it was valued at $10.48 billion and is projected to increase to $10.86 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 3.6%.
What Is the Forecasted CAGR for the Research Department Explosive (RDX) Market by 2029?
The Research Department Explosive (RDX) market is anticipated to expand to a value of $13.38 billion by 2029, with a compound annual growth rate (CAGR) of 5.3%.
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What Are the Market Drivers in the Research Department Explosive (RDX) Industry?
The key Drivers in the research department explosive (rdx) market are:
• Rising mining activities globally
• The necessity of explosives for rock and solid material break-up before excavation
• Increased production of nonfuel mineral commodities
• Positive market predictions from reputable US-based agencies
What Is the Segment-Wise Breakdown of the Research Department Explosive (RDX) Market?
The research department explosive (rdx)market covered in this report is segmented –
1) By Type: Explosives, Pyrotechnics, Other Types
2) By Sales Channel: Direct Channel, Distribution Channel
3) By Application: Military, Civilian
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Which Emerging Trends Are Driving Growth in the Research Department Explosive (RDX) Sector?
The key trends in the research department explosive (rdx) market are:
• A prominent emerging trend is the formation of strategic partnerships and collaborations within the RDX market.
• Major players in the industry are creating alliances to increase their market reach and share.
• Partnerships also aim to streamline contact and management processes for military bodies.
• Collaborative efforts have been noted to enhance capacity and produce guided weapons and components.
Which Companies Are Dominating the Research Department Explosive (RDX) Market in Terms of Revenue?
The key players in the research department explosive (rdx) market are:
• BAE Systems PLC
• Chemring Group PLC
• Mil-Spec Industries Corporation
• Chemical Plant NITRO-CHEM SA
• Austin Powder Company
• Dyno Nobel
• Explosifs Produits Chimiques S.A.
• Eurenco
• Orica Limited
• PRVA ISKRA – NAMENSKA A.D.
• General Dynamics Ordnance and Tactical Systems
• Rheinmetall AG
• Svenska Aeroplan Aktiebolaget
• Thales Group
• Nammo AS
• Poongsan Corporation
• Hanwha Corporation
• MAXAMCorp Holding S.L.
• Solar Industries India Limited
• Ensign-Bickford Industries Inc.
• Chemring Energetics UK Ltd.
• Energetics Technology Center
• HEXPOL Compounding LLC
• ATK Thiokol
• Chemico Group
• AECI Limited
• Arsenal Inc.
• Enaex S.A.
What Are the Regions Driving Demand in the Research Department Explosive (RDX) Market?
North America was the largest region in the research department explosive (RDX) market in 2024
