revenue growth of the Explosives and Pyrotechnics market is being driven by the desire for green pyrotechnics.

The global Explosives and Pyrotechnics Market size was USD 4.4 Billion in 2022 and is expected to reach USD 6.26 Billion in 2032, and register a revenue CAGR of 4% during the forecast period.

The greatest end-use market for explosives and pyrotechnics is the mining industry. Increasing necessity for safe and effective mining operations is driving demand for explosives and pyrotechnics in the industry. Explosives and pyrotechnics are employed in mining for various tasks include drilling, demolition, and blasting. The need for explosives and pyrotechnics in the mining industry is expected to rise in the upcoming years due to rising demand for minerals and metals across the globe.

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Major Companies:

• AEI Systems Ltd.
• Orica Limited
• Chemring Group
• Poongsan Corporation
• MaxamCorp Holding S.L.
• Nitro Química
• Enaex S.A.
• Sasol Limited
• Explosive Technologies International (ETI)
• Changsha Zoomlian Pump Co. Ltd.

 Key questions addressed in the report:

• What is the expected market size of the global Explosives and Pyrotechnics market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Explosives and Pyrotechnics market?

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Explosives and Pyrotechnics Market Segmentation:

By Product Type Outlook: 

• Industrial Explosives
• Consumer Pyrotechnics

By End-Use Outlook: 

• Mining
• Construction
• Entertainment
• Military & Defense
• Others

 Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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