Research Department Explosive Market, RDX Sector / Industry Report & Analysis, 2030 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Research Department Explosive Market

 
The Research Department Explosive market size in North America and Europe was estimated at USD 10.43 billion in 2018. Royal Demolition Explosive (RDX) is utilized in numerous military and civil applications such as pyrotechnics and cast PBX charges among others. Significant prevalence of mineral extraction activities in developed regions is estimated to create scope for business growth during the forecast period. Research Department Explosive (RDX) is also known as hexogen or cyclonite.
RDX is increasingly utilized in mining and construction industries. Mining industry requires this high-performance explosive for exploration and rock excavation activities. The North America and Europe RDX market is driven by increasing defense expenditure along with rising mining activities across these regions.
 
RDX, also known as hexogen, can be used with other explosives, waxes or oils to make military munitions. The production process of RDX involves multiple stages ranging from raw materials storing and feeding, nitration, decomposition, filtration and transport. Manufacturers are spending extensively on R&D activities in order to develop innovative products to aid defense forces and cater to ever-increasing product demand.
RDX as a military explosive can either be used with explosive such as TNT to make cyclotols that produce bursting charge for aerial bombs, mines, and torpedoes or can be used as a base charge for detonators. RDX in the civilian application, finds its use as a heating fuel, in fireworks, occasional rodenticide, and in the demolition of blocks.

Market Segmentation, Outlook & Viewpoint: Global Research Department Explosive Market


Application Market Segmentation & Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2030)

Military

Melt cast & pressed explosives

Cast PBX

Pyrotechnics

Others


Civilian

Fireworks

Demolition blocks

Others



Key Players, Recent Developments & Regional Insights: Global Research Department Explosive Market


Civilian application of hexogen is expected to grow at a CAGR of 2.6% by 2030 in North America with growing demand for demolition blocks, fireworks and civil pyrotechnics applications. Rising supply and demand of various fireworks such as powder-actuated nail guns, recreational fireworks and others has significantly triggered demand in civil applications.
 
Military emerged as the fastest-growing application in this industry with a volume share over 80% in 2018. Rapidly increasing defense expenditure across the U.S. has significantly boosted the industry growth. RDX (cyclonite) is widely utilized in numerous military applications, such as instance bombs, munitions of all calibers, plastic explosives and missile warheads.
Positive product outlook for mining activity will drive the business growth. In 2017, the U.S. had over 300 active metal mines and 900 industrial mineral mines further contributing to the product demand. Russia with a daily production of 9.5 million barrels per day, has world’s largest proven oil depositions. These factors are expected to prove conducive to the industry growth over the forecast period.

Regional Insights
North America Research Department Explosive market will witness significant growth owing to high demand in military, mining, and construction sectors. The U.S. is characterized by technological advancements in manufacturing methods. Moreover, the utilization of a private investment model to plan road construction in the country is expected to augment the demand for explosives in the country.
Europe holds significant market share in 2018. Mining is a significant economic activity for European countries including Germany and Russia. Germany is one of the major producers of lignite, refined selenium, kaolin, sulfur, potash, refined copper and crude steel. Increasing extraction activities of ores is boosting demand for mining application.
Increasing production of various commercial and industrial minerals and metals in Europe is expected to augment the demand for explosives over the forecast period. Rapidly expanding mining industry coupled with increasing military and defense expenditure has driven the business growth across the region.
Research Department Explosive (RDX) Market Share Insights
The prominent key players in the industry are Eurenco, Chemring Nobel, BAE Systems, Nitro Chem S.A., Austin Powder Company among others. Widening product portfolio is among major strategy adopted by industry participants to strengthen industry foothold. For instance, in April 2017, SNPE approved an explosive manufacturing unit across France.
Stringent regulatory policies pertaining to environment conservation to play a key role in shaping the RDX market dynamics in upcoming years. The exploitation of mining resources and the revenue generated by such projects are anticipated to boost significantly over the forecast period, positively influencing the product demand.

Key Insights Covered: Global Research Department Explosive Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Research Department Explosive industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Research Department Explosive industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Research Department Explosive industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Research Department Explosive industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Research Department Explosive industry.

Research Methodology: Global Research Department Explosive Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other