The Research Department Explosive (RDX) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Research Department Explosive (RDX) Global Market Report 2024, The research department explosive (rdx) market size has grown strongly in recent years. It will grow from $10.01 billion in 2023 to $10.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increased application in military and civil industries, regulatory policies, market segmentation, increased public safety concerns..
The research department explosive (rdx) market size is expected to see strong growth in the next few years. It will grow to $12.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to increasing market growth, global recovery, industry demand, regulatory impact, military and defense expenditure.. Major trends in the forecast period include technological advancements in explosives, shift toward insensitive munitions, research on energetic materials, international collaboration in defense r&d, impact of global events..
An increase in mining activities is expected to fuel the growth of the research department explosive (RDX) market going forward. Mining activities refer to the extraction of industrial rock resources, non-metallic valuable minerals, or metallic mineral deposits from the ground. Before excavation, almost all mines employ explosives to break up or remove rock and other solid materials. For instance, according to the U.S. Geological Survey, a US-based Government Agency, U.S. mines have produced approximately $90.4 billion in mineral commodities in 2021, a $9.7 billion increase over the 2020 total of $80.7 billion. Therefore, the increase in mining activities is driving the growth of the research department explosive (RDX) market.
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The research department explosive (rdx) market covered in this report is segmented –
1) By Type: Explosives, Pyrotechnics, Other Types
2) By Sales Channel: Direct Channel, Distribution Channel
3) By Application: Military, Civilian
Strategic partnerships and collaborations are gaining popularity in the research department explosive (RDX) market. Major players in the research department explosive industry are forming alliances to improve their market share. For instance, in June 2022, EURENCO, a France-based company operating in the research department of explosives, partnered with ARESIA, a France-based aviation and aerospace component manufacturing company. Through this partnership, the French Ministry of Defense would address the concerns of the military through a single point of contact and effectively handle a range of export requests. Further, in April 2022, Raytheon Australia, an Australia-based defense and space manufacturing company, partnered with Lockheed Martin Australia, an Australia-based company operating in the research department of explosives. This partnership would significantly improve their capacity to maintain and produce guided weapons and components. These two firms, along with their parent corporations based in the US, are the largest providers of guided weapons to the defense sector.
The research department explosive (rdx) market report table of contents includes:
1. Executive Summary
2. Research Department Explosive (RDX) Market Characteristics
3. Research Department Explosive (RDX) Market Trends And Strategies
4. Research Department Explosive (RDX) Market – Macro Economic Scenario
5. Global Research Department Explosive (RDX) Market Size and Growth
….
31. Global Research Department Explosive (RDX) Market Competitive Benchmarking
32. Global Research Department Explosive (RDX) Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Research Department Explosive (RDX) Market
34. Research Department Explosive (RDX) Market Future Outlook and Potential Analysis
35. Appendix
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