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Explosives Global Market Report 2021: COVID 19 Growth And Change to 2030

Starting Price : $4000 | Pages : 175 | Published : January 2021 | SKU CODE : 7527 | Format :


The explosives market consists of revenues earned by entities (organizations, sole traders, and partnerships) that are engaged in the production and distribution of explosives. Explosives refer to materials, mixtures, and chemical compounds that are capable of exploding. The explosives are majorly divided into two categories i.e., high explosives (used in defense & military applications) and low explosives (used in civilian applications). Trinitrotoluene (TNT), RDX, and acetone peroxide (TATP) are a few of the most powerful explosives the find their applications in military, mining, and industrial applications.

The global explosives market 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%.

The explosives market covered in this report is segmented by type into C4; HMX; PETN; RDX; dynamite; ANFO; others and by application into the military; mining; quarrying; construction; others.

The contractors in the explosives market are currently resilient on the defense side as they are not affected by the COVID-19 outbreak in the short-to-mid-term. The production has been affected due to disruption in the supply chain. However, the demand for the next couple of years is stable owing to the budgets that have been allotted for the projects in advance, before the outbreak of the pandemic. But the pandemic affects the demand from construction and mining sectors due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.

The surge in government spending on the defense sector in various countries including the USA, China, India, Russia, UK, and France is projected to be a major driver for the growth of the explosives market during the period. For instance, for the financial year 2020-21, the Indian Ministry of Defense has been allocated $66.9 billion (INR 471,378 crores) which constituted 15.5% of the central government’s total budget. Similarly, according to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure increased by 3.6% to reach $ 1,917 billion in 2019. Therefore, the rising government expenditure on the defense sector is anticipated to boost the demand for explosives from the defense sector over the forecast period.

Stringent regulations imposed by the government on the manufacturing and usage of explosives are expected to limit the growth of the explosives market. Explosives are harmful to the environment as well as for humans, therefore, stringent regulations are imposed on the production, storage, and use of civilian and military explosives. For instance, according to the Connecticut General Assembly (CGA), the state explosives laws are enforced by the Department of Construction Services (DCS) under CGS 29-349 guidelines. DCS mandates license and permit before transporting, using, procuring, manufacturing, selling, and storing explosives. Additionally, the government of Canada, according to the Explosives Regulations 2013, eliminated the purchase and possession permit issued by the vendors on behalf of the Explosives Regulatory division to ensure safety.

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.

In February 2020, Orica announced the acquisition of Exsa, industrial explosives manufacturer and distributor based in Peru, South America for $302 million. The acquisition is expected to establish Orica as one of the leading players in South America and to change Orica’s manufacturing footprint, driving competitive advantage, and enhance the company’s position in South America. Exsa is a Peruvian company engaged in providing solutions in rock fragmentation for infrastructure and mining industries.

The major players covered in the global explosives market 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).

The countries covered in the global explosives market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global explosives market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global explosives market is segmented -

1) By Type: C4, HMX, PETN, RDX, Dynamite, ANFO, Others

2) By Application: Military, Mining, Quarrying, Construction, Others

3) By Pyrotechnics Application: Display, Consumer, Procimate, Others

    1. Executive Summary

    2. Explosives Market Characteristics

    3. Explosives Market Trends And Strategies

    4. Impact Of COVID-19 On Explosives

    5. Explosives Market Size And Growth

    5.1. Global Explosives Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Explosives Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Explosives Market Segmentation

    6.1. Global Explosives Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    C4

    HMX

    PETN

    RDX

    Dynamite  

    ANFO

    Others

    6.2. Global Explosives Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

     Military

    Mining

    Quarrying

    Construction

    Others

    6.3. Global Explosives Market, Segmentation  By Pyrotechnics Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Display

    Consumer

    Procimate

    Others

    7. Explosives Market Regional And Country Analysis

    7.1. Global Explosives Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Explosives Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Explosives Market  

    8.1. Asia-Pacific Explosives Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Explosives Market  

    9.1. China Explosives Market Overview  

    9.2. China Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Explosives Market  

    10.1. India Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Explosives Market  

    11.1. Japan Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Explosives Market  

    12.1. Australia Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Explosives Market  

    13.1. Indonesia Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Explosives Market  

    14.1. South Korea Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Explosives Market  

    15.1. Western Europe Explosives Market Overview

    15.2. Western Europe Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Explosives Market  

    16.1. UK Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Explosives Market  

    17.1. Germany Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Explosives Market  

    18.3. France Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Explosives Market  

    19.1. Eastern Europe Explosives Market Overview

    19.2. Eastern Europe Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Explosives Market  

    20.1. Russia Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Explosives Market  

    21.1. North America Explosives Market Overview

    21.2. North America Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Explosives Market  

    22.1. USA Explosives Market Overview

    22.2. USA Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Explosives Market  

    23.1. South America Explosives Market Overview

    23.2. South America Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Explosives Market  

    24.1. Brazil Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Explosives Market  

    25.1. Middle East Explosives Market Overview

    25.2. Middle East Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Explosives Market  

    26.1. Africa Explosives Market Overview

    26.2. Africa Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Explosives Market Competitive Landscape And Company Profiles

    27.1. Explosives Market Competitive Landscape

    27.2. Explosives Market Company Profiles

    27.2.1. Orica Mining Services

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Sasol Limited

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Austin Powder Company

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Dyno Nobel

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. NOF Corp.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Explosives Market

    29. Explosives Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Explosives Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Explosives Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Explosives Market, Segmentation  By Pyrotechnics Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Explosives Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Explosives Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 27: Orica Mining Services Financial Performance
  • Table 28: Sasol Limited Financial Performance
  • Table 29: Austin Powder Company Financial Performance
  • Table 30: Dyno Nobel Financial Performance
  • Table 31: NOF Corp. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Explosives Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Explosives Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Explosives Market, Segmentation  By Pyrotechnics Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Explosives Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Explosives Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 27: Orica Mining Services Financial Performance
  • Figure 28: Sasol Limited Financial Performance
  • Figure 29: Austin Powder Company Financial Performance
  • Figure 30: Dyno Nobel Financial Performance
  • Figure 31: NOF Corp. Financial Performance
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