Research Department Explosive (RDX) Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030
The Global Research Department Explosive (RDX) Market Size accounted for USD 12,141 Million in 2021 and is estimated to achieve a market size of USD 15,423 Million by 2030 growing at a CAGR of 2.8% from 2022 to 2030. Increased mining activities and increased spending on defense and military applications are driving the research department explosive (RDX) market growth. Furthermore, growing incidences of terror attacks in different countries are playing a major role in the development of the research department explosive (RDX) market value.
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Research Department Explosive (RDX) Market Report Key Highlights
- Global research department explosive (RDX) market revenue is estimated to expand by USD 15,423 million by 2030, with a 2.8% CAGR from 2022 to 2030.
- North America research department explosive (RDX) market share accounted for over 29% of total market shares in 2021
- Asia-Pacific RDX market growth will observe highest CAGR from 2022 to 2030
- Based on type, explosives segment accounted for over 47% of the overall market share in 2021
- Among application, military segment engaged more than 76% of the total market share
- Increasing spending on military and defense applications, drives the RDX market size
Research department explosive is an organic white solid compound without any taste or smell and is broadly used as an explosive. It is more vigorously dangerous than TNT, hence widely used in military applications. RDX is sensitive to striking, hence used in blasting caps. It is generally mixed with other substances in order to decrease its sensitivity.
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Global Research Department Explosive (RDX) Market Trends
Market Drivers
- Rising mining operations
- Increasing spending on military and defense applications
- Growing construction and infrastructure development activities
- Growing occurrences of terror attacks in various countries
Market Restraints
- Strict regulatory framework
- Availability of multiple methods for extraction and blasting
Market Opportunities
- Rising RDX demand in military operations
- Innovation and development aimed at providing advanced products
Research Department Explosive (RDX) Market Report Coverage
| Market | Research Department Explosive (RDX) Market |
| Research Department Explosive (RDX) Market Size 2021 | USD 12,141 Million |
| Research Department Explosive (RDX) Market Forecast 2030 | USD 15,423 Million |
| Research Department Explosive (RDX) Market CAGR During 2022 - 2030 | 2.8% |
| Research Department Explosive (RDX) Market Analysis Period | 2018 - 2030 |
| Research Department Explosive (RDX) Market Base Year | 2021 |
| Research Department Explosive (RDX) Market Forecast Data | 2022 - 2030 |
| Segments Covered | By Type, By Application, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Eurenco, Ensign Bickford Company, Prva Iskra- Namenska a.d., Nitro Chem S.A., Chemring Nobel, BAE Systems, EPC Groupe, Austin Powder Company, LSB Industries Inc., and Dyno Nobel. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Escalating demand for the mining industry, increasing activities of construction and infrastructure development, rising military activities, growing military expenditure, and various initiatives taken by favorable governments are some of the key factors that are fueling the research department explosive market growth across the globe. Noteworthy incidences of activities of mineral extraction in developed regions are expected to fuel the global research department explosive market size over the forecast time frame. Research department explosive (RDX) is also called cyclonite or hexogen. RDX is rapidly being used in mining and construction industries as the mining industry needs this high-performance explosive for rock excavation and exploration activities. Furthermore, growing incidences of terror attacks in different countries are playing a major role in the development of the RDX market revenue. The manufacturing procedure of RDX includes multiple stages such as nitration, raw materials storing and feeding, disintegration, filtration, and transport. Multiple manufacturers are spending comprehensively on R&D activities to build up pioneering products in order to support defense forces and fulfill the ever-escalating product demand. Also, the ongoing technological advancements in the defense and military sectors and growing government regulations are supplementing global RDX market trend.
RDX (cyclonite) is extensively used in several military applications such as munitions of all calibers, for instance, bombs, missile warheads, and plastic explosives. Also, the RDX is rapidly being used in mining and construction industries as the mining industry needs this high-performance explosive for rock excavation and exploration activities. Furthermore, growing incidences of terror attacks in different countries are playing a major role in the development of the research department explosive (RDX) market. The adoption of RDX is rapidly increasing in various military applications owing to growing security concerns. However, the high cost associated with the research department explosive may hinder the global research department explosive (RDX) market over the forecast period.
Research Department Explosive (RDX) Market Segmentation
The worldwide research department explosive (RDX) market segmentation is based on the type, application, and geography.
Research Department Explosive (RDX) Market By Type
- Explosives
- Pyrotechnics
- Others
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According to the research department explosive (RDX) industry analysis, the explosives segment accounts for the largest market share in 2021. An explosion is a reactive chemical compound that holds a considerable quantity of prospective energy that, if released unexpectedly, can cause an explosion. It is accompanied by the generation of light, pressure, heat, & sound. Industrial explosives are high-risk blowing explosives that are primarily utilized in the quarrying, mining, & construction industries. Some of the important drivers fueling market expansion are increased mining operations and increasing demand for coal & various unusual earth metals, such as bauxite, iron, gold, ore, and silver, among surface minerals throughout different industrial verticals.
Research Department Explosive (RDX) Market By Application
- Military
- Melt cast & pressed explosives
- Pyrotechnics
- Cast PBX
- Others
- Civilian
- Demolition blocks
- Fireworks
- Others
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According to the research department explosive (RDX) market forecast, the civilian segment is expected to grow significant in market over the coming years. This growth attributed to the 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 have significantly triggered demand in civil applications.
Research Department Explosive (RDX) Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
North America Holds The Largest Share Of The Global Research Department Explosive (RDX) Market
The North American RDX market will grow significantly. This growth is due to increasing demand in the mining, military, and construction industries. The United States is distinguished by technological advances in industrial methods. Furthermore, the use of a corporate investing approach to design road development in the nation is likely to increase demand for explosives.
The Asia-Pacific region is the fastest-expanding market for RDX. Increasing production of various industrial & commercial minerals and metals in Asia-Pacific is expected to drive explosive demand throughout the projected period. The fast expansion of the mining industry, coupled with increased military and defense spending, has propelled regional industrial growth.
Research Department Explosive (RDX) Market Players
Some of the top research department explosive (RDX) market companies offered in the professional report include Eurenco, Ensign Bickford Company, Prva Iskra- Namenska a.d., Nitro Chem S.A., Chemring Nobel, BAE Systems, EPC Groupe, Austin Powder Company, LSB Industries Inc., and Dyno Nobel.
Frequently Asked Questions
What is the size of global research department explosive (RDX) market in 2021?
The estimated value of global research department explosive (RDX) market in 2021 was accounted to be USD 12,141 Million.
What is the CAGR of global research department explosive (RDX) market during forecast period of 2022 to 2030?
The projected CAGR research department explosive (RDX) market during the analysis period of 2022 to 2030 is 2.8%.
Which are the key players operating in the market?
The prominent players of the global research department explosive (RDX) market are Eurenco, Ensign Bickford Company, Prva Iskra- Namenska a.d., Nitro Chem S.A., Chemring Nobel, BAE Systems, EPC Groupe, Austin Powder Company, LSB Industries Inc., and Dyno Nobel.
Which region held the dominating position in the global research department explosive (RDX) market?
North America held the dominating research department explosive (RDX) during the analysis period of 2022 to 2030.
Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?
Asia-Pacific region exhibited fastest growing CAGR for research department explosive (RDX) during the analysis period of 2022 to 2030.
What are the current trends and dynamics in the global research department explosive (RDX) market?
Rising mining operations and increasing spending on military and defense applications drives the growth of global research department explosive (RDX) market.
By Type segment, which sub-segment held the maximum share?
Based on type, explosives segment is expected to hold the maximum share of the research department explosive (RDX) market.
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