Ocean View, Delaware, Nov. 15, 2016 (GLOBE NEWSWIRE) -- Explosives And Pyrotechnics Market size was USD 4.57 billion in 2015, and is anticipated to grow at 4% CAGR; according to a latest research report by Global Market Insights, Inc.
Global explosives and pyrotechnics market size is primarily driven by escalating growth in the mining industry, particularly in South Africa, the U.S., Russia and Australia. In 2015, the mining sector generated revenue roughly around USD 400 billion and is estimated to surpass USD 700 billion over the forecast timeframe.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/828
Blasting technology has been playing a crucial role in mining operations, including both underground as well as open pit mining. Coal is one of the largest energy source across the globe. Increasing energy demand via population needs will stimulate growth over the forecast timeframe. In addition, strong outdoor crackers demand indicators for sports and personal events such as anniversaries and wedding will complement business growth.
Robust growth in the arms & ammunition industry has played a vital role in contributing the global explosives and pyrotechnics market share. Rising hunting activities in the U.S. and Europe, defense investments and political unrest in the Middle East & Africa are various factors propelling product demand over the forecast timeframe. In 2010, the overall military investment was close to USD 1.5 trillion and is projected to exceed USD 3 trillion by 2025 owing to consequently boost business growth.
Noise, carbon and dust emissions through mining and fire shows remain a concern for the explosives and pyrotechnics industry. Secondary explosives including RDX, TNT and HMR are extensively manufactured and used in mining, military and construction applications. Immense pressure and noise emitted possess substantial threat to environment, humans and animals. In addition, chemicals, gases and dust formed in the mining pits accompanied with elevated temperatures makes the ambience vulnerable for the workers.
Browse key industry insights spread across 108 pages with 176 market data tables & 15 figures & charts from the report, “Explosives & Pyrotechnics Market Size By End Use (Explosives [Mining, Construction, Military] & Pyrotechnics [Entertainment, Consumer]), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Switzerland, Finland, Russia, China, India, Japan, Australia Mongolia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/explosives-and-pyrotechnics-market
Key insights from the report include:
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/828
Explosives and pyrotechnics research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2010 to 2025, for the following segments:
The above data points have been provided for the following regions and countries:
Browse Related Reports:
https://www.gminsights.com/industry-analysis/dimethyl-carbonate-market
https://www.gminsights.com/industry-analysis/specialty-chemicals-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.