Asia Pacific Research Department Explosive Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, Application, and Country

The Asia Pacific research department explosive (RDX) market is expected to grow from US$ 3,319.06 million in 2019 to US$ 4,376.85 million by 2027; it is estimated to grow at a CAGR of 3.6% from 2020 to 2027. Research department explosive (RDX), also known as hexogen, and cyclonite. It is hard and soluble in solvents such as ethanol and ether; however, it is insoluble in water. The RDX manufacturing is a multistage process that includes nitration, raw materials storing and feeding, filtration, disintegration, and transport. Various manufacturers are investing comprehensively in research and development activities to build up pioneering products for empowering defense forces and meeting the ever-escalating product demand. RDX is used in the form of a blend with different substances in explosives to diminish its affectability. RDX is used in various military and other typical applications, such as fireworks and cast PBX charges. The rise in demand for RDX explosives in military and civilian applications and increasing defense expenditure and rising mining activities in different countries are propelling the market in this region. Research department explosive is increasingly being used in the construction and mining industries. In the mining industry, it is being used as a high-performance explosive for rock excavation and exploration activities. In 2019, India held the largest share of the Asia Pacific research department explosive market. The rise in demand for RDX explosives in military and civilian applications and increase in defense expenditure as well as mining activities drive the market in this region. The mining industry requires high-performance explosives for rock excavation and exploration activities. Research department explosive is increasingly being used in the mining and construction industries.

The Asia Pacific research department explosive (RDX) market, based on type, is segmented into explosives, pyrotechnics, and others. The pyrotechnics segment led the market in 2019. Pyrotechnics include signaling flares, illuminating flares, white and colored smoke generators, tracers, photo-flash, and fuse compounds. Pyrotechnics such as safety matches, oxygen candles, fasteners, and explosive bolts are used for entertainment purposes. Various countries conduct large-scale pyrotechnic festivals. During the COVID-19 pandemic, the research department explosive (RDX) market has experienced slow growth due to the lockdown in countries such as India, Japan and China which resulted in less labor footfall in factories.

The Asia Pacific research department explosive (RDX) market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Asia Pacific research department explosive (RDX) market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the Asia Pacific research department explosive (RDX) market. Bae Systems; Chemring Group PLC; Austin Powder Company; Dyno Nobel; Ensign-Bickford Industries, Inc.; Prva Iskra Namenska AD and Orica Limited are among the prime players in the market in this region.