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2021
Research Department Explosive (rdx) Market

Research Department Explosive (RDX) Market

by Type (Explosives, Pyrotechnics, and Others), Application (Military and Civilian), and Sales Channel (Domestics and International): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A13485
Pages: 213
Oct 2021 | 3075 Views
Author(s) : Abhay S , Sonia M
Tables: 106
Charts: 49
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COVID-19

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Research Department Explosive (RDX) Market Statistics 2030 -

The global research department explosive (RDX) market was valued at $9.83 billion in 2020, and is projected to reach $13.92 billion by 2030, registering a CAGR of 3.4% from 2021 to 2030.

The COVID-19 crisis is creating uncertainty in the market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. Governments of different regions have already announced lockdown and temporarily shutdown of industries, which have adversely affected the overall production and sales. The RDX market experienced a moderate decline in 2020, owing to the outbreak of the COVID-19 pandemic.

Research department explosive (RDX) is a chemical compound, which is also known as royal demolition explosive or cyclonite or hexogen. RDX is a form of white powder or crystal, which is highly explosive in nature and exhibits the capability to create explosion when exposed to fire. In addition, RDX is a tasteless chemical and possess unknown odor, which make it difficult to detect in sensitive locations such as open fields, mines & others. Increase in demand for RDX in numerous military and civil applications such as pyrotechnics and cast plastic bonded explosives (PBX) charges has enabled manufacturers to develop and introduce effective explosive products, which have numerous applications. In addition, inclination toward mineral extraction activities in developed regions is expected to create ample opportunities for the growth of the market during the forecast period.         

Research-Department-Explosive-(RDX)-Market

In addition, the market growth is drive by factors such as increase in mining activities and rise in spending on defense & military applications. However, factors such as stringent regulatory frameworks toward the use of RDX and availability of alternate methods for mining & blasting act as key barriers for the growth of the market. Moreover, the demand for RDX in military operations and innovation & development toward offering advanced products are expected to create potential opportunities for the growth of the market during the forecast period.

Research Department Explosive (RDX) Market
By Type

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Others is projected as the most lucrative segments

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The global RDX market is segmented into type, application, sales channel, and region. By type, the market is categorized into explosives, pyrotechnics, and others. On the basis of application, it is fragmented into military and civilian. Depending on sales channel, it is bifurcated into domestics and international. Region wise, the market has been studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global research department explosive (RDX) market includes Austin Powder Company, BAE Systems, Chemring Group PLC., Dyno Nobel, EPC Groupe, Eurenco, Mil-Spec Industries Corporation, Nitro-Chem SA., Orica Limited, and PRVA ISKRA – NAMENSKA A.D. 

Research Department Explosive (RDX) Market
By Application

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Civilian is projected as the most lucrative segments

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Increase in mining activities

With increased demand for alternate power sources, mining activities have gained immense traction across the globe, which eventually require high-performance-based explosives. Moreover, key players operating in the chemical & explosive manufacturing industries are inclined toward offering advanced RDX & explosive system, which have impact on specific locations. For instance, the introduction of improvised explosive devices (IEDs) to be used in mining & other applications has created a positive impact on the growth of the market across the globe. In addition, the increased production of coal supplements the growth of the market. For instance, in the year 2020, India produced 715.95 million tons of coal through underground mining activities. This increased production & mining activity, which positively impacted the growth of the market across the globe.

Rise in spending on defense & military applications

Rise in safety concerns and increase in need to protect national borders and boundaries are inclining the governments of different nations to spend more on their military, defense arms, and ammunition sectors. U.S., India, China, Russia, and Saudi Arabia are the top five defense and military applications spenders, accounting for more than 60% of the global military spending. RDX is primarily used in the military industry as an explosive that can be combined with other explosives such as trinitrotoluene to produce cyclotrons that produce bursting charges for mines, aerial bombs, and torpedoes as well as it can be used as a base charge for detonators. Manufacturers are increasing their R&D activities to make innovative products to help the defense industry. RDX is used in a variety of military applications such as bombs, munitions of all calibers, plastic explosives, and missile warheads. Furthermore, rise in terrorist attacks in different countries has led to increase in spending on military and defense applications, which drives the growth of the global RDX market.

Research Department Explosive (RDX) Market
By Sales Channel

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Domestics is projected as the most lucrative segments

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Availability of alternate methods for mining & blasting

Technological advancement in mining activities has enabled key players operating in the industry to develop & introduce simpler & cleaner means for mining, which has affected the growth of the RDX market across the globe. Alternatives such as drilling and machine-based mining are considered cleaner & safer, due to the fact that they do not create shock waves as created due to RDX explosion, which sometimes leads to landslides or serious mishap. In addition, key players operating in mining & construction industry have opted such alternate methods for mining activities due to certain government restrictions related to the usage of low carbon & nitrogen emission explosives, which hamper the growth of the market across the globe.

Demand for RDX in military operations

Governments across the globe are inclined toward strengthening the military power of their countries, which has increased the demand for explosives & ammunitions. This is attributed to the fact that most of the countries do not have peaceful relations with their neighboring countries, which increases the threat of war or cross-border disputes. Hence, these countries are continuously developing and strengthening their military to tackle worst situations along with increasing their defense budget year-on-year. For instance, in 2020, the U.S. allocated $778 billion in its defense budget which was 4.4% higher than the 2019 budget. Similarly, China invested a total of $252 billion in 2020 on its military structure, which was 1.9% higher as compared to 2019 budget. Such increased budget allocations has attracted numerous key players operating in the industry to develop & introduce their efficient explosive products. This increased product development and budget allocation foster the demand for RDX in military operations, which is expected to augment the growth of the market across the globe. 

Research Department Explosive (RDX) Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

LAMEA would exhibit the highest CAGR of 4.6% during 2021-2030.

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Covid-19 Impact Analysis

  • The COVID-19 crisis is creating uncertainty in the market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments.
  • Governments of different regions have already announced lockdown and temporarily shutdown of industries, which have adversely affected the overall production and sales.
  • The RDX market experienced a moderate decline in 2020, owing to the outbreak of the COVID-19 pandemic.
  • The chemicals & materials is one of the major industries, which experienced supply chain disruption, technology events cancellations, and office shutdowns.
  • The lockdown of different plants and factories in China has limited the manufacturing activities, delayed delivery schedules, and declined the sale of various chemicals & materials.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global RDX market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global RDX market with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Type

  • Explosives
  • Pyrotechnics
  • Others

By Application

  • Military
  • Civilian

By Sales Channel

  • Domestics
  • International

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany 
    • France 
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Austin Powder Company
  • BAE Systems
  • Chemring Group PLC.
  • Dyno Nobel
  • EPC Groupe
  • Eurenco
  • Mil-Spec Industries Corporation
  • Nitro-Chem SA.
  • Orica Limited
  • PRVA ISKRA – NAMENSKA A.D.
 

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The growth of the global research department explosive (RDX) market is driven by numerous developments carried out by the top RDX manufacturers, which has led to the growth of the market. Moreover, increased inclination toward mining activities across the globe has created numerous opportunities for key players to develop & introduce effective products, which eventually is expected to drive the market growth.

Moreover, RDX offers numerous advantages such as when used, it produces greater amount of explosive force without involving any additional raw materials. Moreover, increased demand for strengthening the military of a country boosts the growth of the market. In addition, the demand for RDX has increased due to its usage in non-military applications such as mining, oil & gas exploration, demolition, and avalanche control, which supplements the growth of the market.

Factors such as increase in mining activities and rise in spending on defense & military applications foster the growth of the market. However, the factors such as stringent regulatory frameworks pertaining to the use of RDX and availability of alternate methods for mining & blasting act as barriers for the growth of the market. Conversely, the demand for RDX in military operations and innovation & development toward offering advanced products create ample opportunities for the growth of the market during the forecast period.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by North America, Europe, and LAMEA. On the basis of forecast analysis, LAMEA is expected to maintain its lead during the forecast period, owing to increase in construction and mining activities.

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FREQUENTLY ASKED QUESTIONS?

A. Different type of research department explosives (RDX) includes RDX, TnT, PETN, plastic explosives & others which are used for numerous applications.

A. The global research department explosive (rdx) market was valued at $9,825.20 million in 2020, and is projected to reach $13,915.60 million by 2030, registering a CAGR of 3.4% from 2021 to 2030

A. The sample for reswearch department explosives (RDX) market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. Introduction of effective explosives are the upcoming trends in research department explosive (RDX) market.

A. Increased mining & construction activities followed by military strengthening is the market outlook in research department explosive (RDX) industry

A. The company profiles of the top market players of research departmrnt explosives (RDX) market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the research departmrnt explosives (RDX) market

A. The global research department explosive (rdx) market was valued at $9,825.20 million in 2020

A. There are numerous companies operating in the RDX market and holds majority of market share in the global market. The details regarding the same can be obtained in samples on demand from AMR website.

A. China, Japan, U.S., UK, Germany are the key matured markets growing in the research department explosive (RDX) industry

A. Continuous product development followed by the introduction of new explosives for different applications are the known and unknown adjacencies impacting the research department explosives (RDX) market

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