The scope of our recent study on the “Research Department Explosive (RDX) Market Forecast t2027 – COVID-19 Impact and Global Analysis – by Type (Explosives, Pyrotechnics, and Others) and Application (Military and Civilian)” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The global research department explosive market was valued at US$ 8,061.38 million in 2019 and is projected treach US$ 10,363.27 million by 2027; it is expected tgrow at a CAGR of 3.3% from 2020 t2027. Research department explosive (RDX) is hard, dissolvable in different solvents such as ethanol and ether, and insoluble in water. The manufacturing process of RDX comprises multiple stages, such as nitration, raw materials storing and feeding, filtration, disintegration, and transport. Various manufacturers are investing comprehensively in research & development activities tbuild up pioneering products tsupport the defense forces and fulfill ever-escalating product demand.
Based on type, the research department explosive market is segmented intexplosives, pyrotechnics, and others. In 2019, the explosives segment led the market. Explosives are categorized as primary and secondary based on their vulnerability tinitiation. Primary explosives are referred tas initiating explosives as they can be utilized tignite the secondary explosives. Secondary explosives—which include cyclo-1,3,5-trimethylene-2,4,6-trinitramine (RDX), TNT, and others—are more predominant at military sites than primary explosives. Because secondary explosives are formulated texplode only under specific circumstances, they often are utilized as bolstering or main charge explosives. Due tthe benefits and characteristics mentioned above, the market growth for the explosives segment is alsexpected tregister substantial growth during the forecast period. Furthermore, the development of new preparation styles for RDX has aided the growth of the global research department explosive market.
The global research department explosive market is segmented intfive main regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2019, Asia Pacific held the largest share of the market. The rise in demand for RDX in military and civilian applications drives the market growth in Asia Pacific. In addition, RDX is increasingly used in the construction and mining industries. The mining industry requires such high-performance explosives for rock excavation and exploration activities. The market in Europe and North America is driven by increasing defense expenditure and rising mining activities across these regions.
Impact of COVID-19 Pandemic on Research Department Explosive Market
The COVID-19 outbreak was first reported in Wuhan (China) in December 2019. As of January 2021, the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are among of the worst affected countries in terms of confirmed cases and reported deaths. According tthe latest WHfigures updated on January 2021, there are ~83,322,449 confirmed cases and 1,831,412 total deaths globally. The outbreak is adversely affecting economies and industries in various countries due tlockdowns, travel bans, and business shutdowns. The chemicals & materials is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. For instance, China is the global manufacturing hub and the largest raw material supplier for various industries, and it is alsone of the worst-affected countries. The lockdown of different plants and factories in China is restricting the global supply chains and disrupting the manufacturing activities, delivery schedules, and various chemicals & materials sales. Multiple companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering business collaborations and partnership opportunities. All these factors are impacting the chemicals & materials industry negatively and thus acting as a restraining factors for the growth of various markets related tthis industry.
Research department explosive Market, by Type
- Explosives
- Pyrotechnics
- Others
Research department explosive Market, by Application
Research department explosive Market, by Geography
- North America
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East &Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East &Africa
- South America
- Brazil
- Argentina
- Rest of South America
