“Research Department Explosive (RDX) Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on research department explosive (rdx) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for research department explosive (rdx)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The research department explosive (rdx) market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Explosives; Pyrotechnics; Other Types
- 2) By Sales Channel: Direct Channel; Distribution Channel
- 3) By Application: Military; Civilian
- Companies Mentioned: BAE Systems plc; Chemring Group PLC; Mil-Spec Industries Corporation; Chemical Plant NITRO-CHEM SA; NOF CORPORATION
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the research department explosive (rdx) market are: BAE Systems plc, Chemring Group PLC, Mil-Spec Industries Corporation, Chemical Plant NITRO-CHEM SA, Prva Iskra Namenska a.d., EPC Groupe, Austin Powder, Dyno Nobel, Ensign-Bickford Industries Inc., Orica Limited, MaxamCorp Holding S.L, Enaex S.A., and Nelson Brothers Inc.
The global research department explosive market is expected to grow from $9.58 billion in 2022 to $10.07 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The research department explosive market is expected to grow to $12.17 billion in 2027 at a CAGR of 4.8%.
The research department explosives (RDX) market consists of sales of PBX-9007, PBX-9010, PBX-9205, PBX-9407, PBX-9604, and other types. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Research department explosive (RDX) is a tough, white crystalline substance that is soluble in some other solvents but insoluble in water. The research department explosive mainly used in non-military applications is in blasting caps because it is responsive to percussion.
North America was the largest region in the research department explosive (RDX) market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.The countries covered in the Research Department Explosive (RDX) market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The main types of research department explosives are explosives, pyrotechnics, and other types. Explosives refer to any substance or device that can be made to produce a volume of rapidly expanding gas in an extremely brief period. These are distributed through various sales channels such as direct channels and distribution channels and are used by the military and civilians.
An increase in mining activities is expected to fuel the growth of the research department explosive (RDX) market going forward. Mining activities refer to the extraction of industrial rock resources, non-metallic valuable minerals, or metallic mineral deposits from the ground. Before excavation, almost all mines employ explosives to break up or remove rock and other solid materials. For instance, according to the U.S. Geological Survey, a a US-based Government Agency, U.S. mines have produced approximately $90.4 billion in mineral commodities in 2021, a $9.7 billion increase over the year 2020 total of $80.7 billion. Therefore, the increase in mining activities is driving the growth of the research department explosives market.
Strategic partnerships and collaborations are gaining popularity in the research department's explosive market. Major players in the research department explosive industry are forming alliances to improve their market share. For instance, in June 2022, EURENCO, a France-based company operating in the research department of explosives, partnered with ARESIA, a France-based aviation and aerospace component manufacturing company. Through this partnership, the French Ministry of Defense would address the concerns of military through a single point of contact and effectively handle a range of export requests. Further, in April 2022, Raytheon Australia, an Australia-based defense and space manufacturing company, partnered with Lockheed Martin Australia, an Australia-based company operating in the research department explosive. This partnership would significantly improve their capacity to maintain and produce guided weapons and components. These two firms, along with their parent corporations based in the US, are the largest providers of guided weapons to the defence sector.
In February 2020, Orica Limited, an Australia-based, leading company engaged in developing commercial explosives and blasting systems, acquired Exsa Ltd. for $302 million. This acquisition will elevate Orica's position in the Latin American market and make it the leading player in the region's fastest-growing market. It will also significantly expand Orica's manufacturing footprint, giving it a competitive edge. With this acquisition, Orica will include Exsa's brand-new, cutting-edge Initiating Systems (IS) manufacturing plant into its global manufacturing footprint. Exsa Ltd. is a Peru-based company manufacturer and distributor of explosives.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The research department explosive market research report is one of a series of new reports from The Business Research Company that provides research department explosive market statistics, including research department explosive industry global market size, regional shares, competitors with a research department explosive market share, detailed research department explosive market segments, market trends and opportunities, and any further data you may need to thrive in the research department explosive industry. This research department explosive market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Research Department Explosive (RDX) Market Characteristics
3. Research Department Explosive (RDX) Market Trends And Strategies
4. Research Department Explosive (RDX) Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Research Department Explosive (RDX) Market
- 4.2. Ukraine-Russia War Impact On Research Department Explosive (RDX) Market
- 4.3. Impact Of High Inflation On Research Department Explosive (RDX) Market
5. Research Department Explosive (RDX) Market Size And Growth
- 5.1. Global Research Department Explosive (RDX) Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Research Department Explosive (RDX) Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Research Department Explosive (RDX) Market Segmentation
- 6.1. Global Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Explosives
- Pyrotechnics
- Other Types
- 6.2. Global Research Department Explosive (RDX) Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Direct Channel
- Distribution Channel
- 6.3. Global Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Military
- Civilian
7. Research Department Explosive (RDX) Market Regional And Country Analysis
- 7.1. Global Research Department Explosive (RDX) Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Research Department Explosive (RDX) Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Research Department Explosive (RDX) Market
- 8.1. Asia-Pacific Research Department Explosive (RDX) 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 Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Research Department Explosive (RDX) Market
- 9.1. China Research Department Explosive (RDX) Market Overview
- 9.2. China Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Research Department Explosive (RDX) Market
- 10.1. India Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Research Department Explosive (RDX) Market
- 11.1. Japan Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Research Department Explosive (RDX) Market
- 12.1. Australia Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Research Department Explosive (RDX) Market
- 13.1. Indonesia Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Research Department Explosive (RDX) Market
- 14.1. South Korea Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Research Department Explosive (RDX) Market
- 15.1. Western Europe Research Department Explosive (RDX) Market Overview
- 15.2. Western Europe Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Research Department Explosive (RDX) Market
- 16.1. UK Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Research Department Explosive (RDX) Market
- 17.1. Germany Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Research Department Explosive (RDX) Market
- 18.1. France Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Research Department Explosive (RDX) Market
- 19.1. Eastern Europe Research Department Explosive (RDX) Market Overview
- 19.2. Eastern Europe Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Research Department Explosive (RDX) Market
- 20.1. Russia Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Research Department Explosive (RDX) Market
- 21.1. North America Research Department Explosive (RDX) Market Overview
- 21.2. North America Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Research Department Explosive (RDX) Market
- 22.1. USA Research Department Explosive (RDX) Market Overview
- 22.2. USA Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Research Department Explosive (RDX) Market
- 23.1. South America Research Department Explosive (RDX) Market Overview
- 23.2. South America Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Research Department Explosive (RDX) Market
- 24.1. Brazil Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Research Department Explosive (RDX) Market
- 25.1. Middle East Research Department Explosive (RDX) Market Overview
- 25.2. Middle East Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Research Department Explosive (RDX) Market
- 26.1. Africa Research Department Explosive (RDX) Market Overview
- 26.2. Africa Research Department Explosive (RDX) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Research Department Explosive (RDX) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Research Department Explosive (RDX) Market Competitive Landscape And Company Profiles
- 27.1. Research Department Explosive (RDX) Market Competitive Landscape
- 27.2. Research Department Explosive (RDX) Market Company Profiles
- 27.2.1. BAE Systems plc
- 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. Chemring Group PLC
- 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. Mil-Spec Industries Corporation
- 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. Chemical Plant NITRO-CHEM SA
- 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. Prva Iskra Namenska a.d.
- 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 Research Department Explosive (RDX) Market
29. Research Department Explosive (RDX) Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer