Global Explosives and Pyrotechnics Market Size Study, by Explosives Product, by Explosives Application, by Pyrotechnics Application, and Regional Forecasts 2022-2032

Description

The Global Explosives and Pyrotechnics Market is valued approximately at USD 18.2 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.20% over the forecast period 2024-2032. Explosives and pyrotechnics serve as indispensable tools across a range of industries, from mining and construction to defense and entertainment. These substances, designed to release energy in a controlled manner, facilitate tasks such as mineral extraction, demolition, military applications, and captivating displays in celebrations. The evolving demands of various end-use industries, coupled with technological advancements in production and application techniques, have propelled the market forward. Furthermore, the increasing preference for safety and precision in explosive applications underscores the significant role of innovation in shaping the industry's trajectory.

The market is primarily driven by the rising demand for efficient mining and construction operations, wherein blasting agents and propellants are vital. The growing investments in infrastructure development worldwide, coupled with military modernization programs, have amplified the utilization of explosives and pyrotechnics. For instance, substantial initiatives in emerging economies to enhance urban infrastructure and extract natural resources have catalyzed the demand for advanced explosives solutions. Simultaneously, the entertainment industry's increasing adoption of pyrotechnics for events, concerts, and celebrations has augmented the market's scope. However, stringent regulatory frameworks governing the handling and use of these materials, along with environmental concerns related to their production and disposal, could hinder market growth during the forecast period.

Regionally, North America has emerged as a dominant player in the global explosives and pyrotechnics market, owing to its well-established defense sector and robust construction activities. The region's focus on technological innovations, alongside significant investments in mining operations, further bolsters its market share. On the other hand, the Asia Pacific region is poised to witness the fastest growth rate over the forecast period, driven by rapid industrialization, extensive mining activities, and a burgeoning entertainment sector. Countries like China and India are spearheading regional growth due to their expansive infrastructure projects and rising consumer spending on entertainment.

Major market players included in this report are:

3D Systems Corporation
Cyfuse Biomedical K.K
Desktop Metal, Inc.
Medprin Biotech GmbH
Advanced Solutions, Inc.
Organovo Holdings, Inc.
CollPlant Biotechnologies Ltd
REGEMAT 3D S.L
The Bio Convergence Company
Shining 3D
Pyro Spectaculars Inc.
ENAEX S.A.
Orica Limited
Austin Powder Company
Dyno Nobel

The detailed segments and sub-segment of the market are explained below:

By Explosives Product:

Blasting Agents
Propellants
Pyrotechnics
Others

By Explosives Application:

Mining
Construction
Military
Others

By Pyrotechnics Application:

Proximate Pyrotechnics
Consumer Pyrotechnics
Display Pyrotechnics
Others

By Region:

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Latin America
- Brazil
- Mexico
Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Explosives and Pyrotechnics Market Executive Summary 1.1. Global Explosives and Pyrotechnics Market Size & Forecast (2022-2032)

1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Explosives Product
- 1.3.2. By Explosives Application
- 1.3.3. By Pyrotechnics Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Explosives and Pyrotechnics Market Definition and Research Assumptions 2.1. Research Objective

2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Explosives and Pyrotechnics Market Dynamics 3.1. Market Drivers

3.1.1. Rising Demand in Mining and Construction
3.1.2. Increasing Military Expenditure
3.1.3. Growth in Entertainment and Consumer Pyrotechnics

3.2. Market Challenges
- 3.2.1. Stringent Regulatory Frameworks
- 3.2.2. Environmental Concerns
3.3. Market Opportunities
- 3.3.1. Technological Advancements
- 3.3.2. Emerging Markets Expansion
- 3.3.3. Eco-friendly Explosive Solutions

Chapter 4. Global Explosives and Pyrotechnics Market Industry Analysis 4.1. Porter's 5 Force Model

4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.1.7. Porter's 5 Force Impact Analysis

4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Explosives and Pyrotechnics Market Size & Forecasts by Explosives Product 2022-2032 5.1. Segment Dashboard

5.2. Global Explosives and Pyrotechnics Market: Explosives Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Blasting Agents
- 5.2.2. Propellants
- 5.2.3. Pyrotechnics
- 5.2.4. Others

Chapter 6. Global Explosives and Pyrotechnics Market Size & Forecasts by Explosives Application 2022-2032 6.1. Segment Dashboard

6.2. Global Explosives and Pyrotechnics Market: Explosives Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Mining
- 6.2.2. Construction
- 6.2.3. Military
- 6.2.4. Others

Chapter 7. Global Explosives and Pyrotechnics Market Size & Forecasts by Pyrotechnics Application 2022-2032 7.1. Segment Dashboard

7.2. Global Explosives and Pyrotechnics Market: Pyrotechnics Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Proximate Pyrotechnics
- 7.2.2. Consumer Pyrotechnics
- 7.2.3. Display Pyrotechnics
- 7.2.4. Others

Chapter 8. Global Explosives and Pyrotechnics Market Size & Forecasts by Region 2022-2032 8.1. North America Explosives and Pyrotechnics Market

8.1.1. U.S. Explosives and Pyrotechnics Market
- 8.1.1.1. Blasting Agents Breakdown Size & Forecasts, 2022-2032
- 8.1.1.2. Propellants Breakdown Size & Forecasts, 2022-2032
- 8.1.1.3. Pyrotechnics Breakdown Size & Forecasts, 2022-2032
8.1.2. Canada Explosives and Pyrotechnics Market

8.2. Europe Explosives and Pyrotechnics Market
- 8.2.1. U.K. Explosives and Pyrotechnics Market
- 8.2.2. Germany Explosives and Pyrotechnics Market
- 8.2.3. France Explosives and Pyrotechnics Market
- 8.2.4. Spain Explosives and Pyrotechnics Market
- 8.2.5. Italy Explosives and Pyrotechnics Market
- 8.2.6. Rest of Europe Explosives and Pyrotechnics Market
8.3. Asia-Pacific Explosives and Pyrotechnics Market
- 8.3.1. China Explosives and Pyrotechnics Market
- 8.3.2. India Explosives and Pyrotechnics Market
- 8.3.3. Japan Explosives and Pyrotechnics Market
- 8.3.4. Australia Explosives and Pyrotechnics Market
- 8.3.5. South Korea Explosives and Pyrotechnics Market
- 8.3.6. Rest of Asia Pacific Explosives and Pyrotechnics Market
8.4. Latin America Explosives and Pyrotechnics Market
- 8.4.1. Brazil Explosives and Pyrotechnics Market
- 8.4.2. Mexico Explosives and Pyrotechnics Market
- 8.4.3. Rest of Latin America Explosives and Pyrotechnics Market
8.5. Middle East & Africa Explosives and Pyrotechnics Market
- 8.5.1. Saudi Arabia Explosives and Pyrotechnics Market
- 8.5.2. South Africa Explosives and Pyrotechnics Market
- 8.5.3. Rest of Middle East & Africa Explosives and Pyrotechnics Market

Chapter 9. Competitive Intelligence 9.1. Key Company SWOT Analysis

9.1.1. 3D Systems Corporation
9.1.2. Cyfuse Biomedical K.K
9.1.3. Desktop Metal, Inc.

9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. 3D Systems Corporation
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Cyfuse Biomedical K.K
- 9.3.3. Desktop Metal, Inc.
- 9.3.4. Medprin Biotech GmbH
- 9.3.5. Advanced Solutions, Inc.
- 9.3.6. Organovo Holdings, Inc.
- 9.3.7. CollPlant Biotechnologies Ltd
- 9.3.8. REGEMAT 3D S.L
- 9.3.9. The Bio Convergence Company
- 9.3.10. Shining 3D

Chapter 10. Research Process 10.1. Research Process

10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing

10.2. Research Attributes