The Packaged Explosive Market is expected to grow at a CAGR of 5.5% during the forecast period. The growth is attributed to the increase in terrorist activities and civil unrest across the globe.
An explosive can be anything solid or liquid or mixture of materials which with the help of external stimulus forms or releases number of gasses generating high pressures. The explosives are broadly classified into three categories packaged explosives, bulk explosives and initiating systems. Packaged explosives have vast applications in different industries like mining, at construction sites, road building, infrastructure development, seismic exploration and others. Packaged explosives are in form of cartridges with different sizes as per the requirements.
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The Packaged Explosive Market is expected to witness significant growth during the forecast period due to increasing demand for explosives from various industries including mining, quarrying, oil & gas extraction, demolition & wrecking, construction, and transportation security. The Packaged Explosive Market is also driven by factors such as technological advancements in explosives and increasing terrorist activities across the globe. However,, stringent regulations regarding usage of explosives are anticipated to hamper the Packaged Explosive Market growth over the forecast period.
Key Players-
- Orica Limited, (Australia)
- Dyno Nobel (US)
- AEL Mining Services Ltd
- (South Africa)
- Austin Powder Company (US)
- EPC Group (France)
- Hanwha Corporation (South Korea)
- LSB Industries (US)
- NOF Corp (Japan)
- Sasol Limited (South Africa)
- Solar Industries India Ltd.(India) and others.
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The Packaged Explosive Market is segmented on the basis of product, application, and region.
On the basis of product, the market is divided into military explosives, commercial explosives, and fireworks. Commercial explosives are further classified into detonators, primers, safety fuses, boosters & detonating cord, and others.
On the basis of application, it is divided into mining & quarrying, construction, oil & gas extraction, demolition & wrecking,, transportation security,, and others.
Geographically,, it is analyzed across North America,, Europe,, Asia-Pacific,, South America,, and Middle East & Africa.
China and India are expected to show the considerable market demand for the packaged explosives market. Middle East is the region where large public and private investments are being done and are expected in future because of the real estate and infrastructure development making it one of the key regions to consider as the future market for the packaged explosives.
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Key Questions Answered in Packaged Explosive Market Report –
Who are the Major Manufacturers and Suppliers of Packaged Explosive?
What will the Packaged Explosive Market growth rate in Future?
What are the key factors driving the global Packaged Explosive Market?
Who are the key manufacturers in Packaged Explosive Market space?
What are the opportunities and threats faced by the vendors in the global Packaged Explosive industry?
What are sales, revenue, and price analysis by regions of Packaged Explosive industry?
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