Explosives and Pyrotechnics Market Report 2026

The explosives and pyrotechnics market size has grown strongly in recent years. It will grow from $27.02 billion in 2025 to $29.03 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to early development and industrial use of high-energy explosives for mining and construction, adoption of pyrotechnics for entertainment and signaling, technological advancements in controlled blasting and demolition techniques, growth in government and military contracts for explosives supply, implementation of safety standards and regulations for handling reactive chemical compounds.

The explosives and pyrotechnics market size is expected to see strong growth in the next few years. It will grow to $38.6 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising demand for advanced explosives in mining, construction, and defense applications, growth in consumer and professional fireworks and entertainment pyrotechnics, advancements in environmentally friendly and low-smoke pyrotechnic formulations, increasing investment in automated and precise blasting technologies, expansion of global distribution networks for explosives and pyrotechnics products. Major trends in the forecast period include rising adoption of eco-friendly and low-toxicity explosive materials, increased demand for pyrotechnics in entertainment and ceremonial events, advancements in underground blasting technologies for mining safety, growth in military procurement of advanced explosive systems, higher usage of signal and illumination pyrotechnics in emergency applications.

The rise in mining and construction activities is expected to drive the growth of the explosives and pyrotechnics market going forward. Mining and construction activities involve extracting minerals and building essential infrastructure, including roads, buildings, and other structures. These activities have increased due to growing demand for raw materials driven by rapid urbanization, infrastructure expansion, and the global transition toward renewable energy technologies that require critical minerals. Explosives and pyrotechnics are used in these sectors to efficiently break rock and earth materials, enabling excavation, tunneling, and site preparation. For instance, in February 2023, according to the U.S. Geological Survey, a U.S.-based government agency, the estimated total value of U.S. nonfuel mineral production rose by 4% from 2022 to approximately $105 billion in 2023. Of this, metal production accounted for about $34.9 billion, while industrial minerals contributed around $69.9 billion. Therefore, increasing mining and construction activities are fueling the explosives and pyrotechnics market.

Major companies in the explosives and pyrotechnics market are focusing on technological advancements, such as bulk explosives designed to enhance environmental safety. Bulk explosives are large quantities of blasting agents delivered and loaded directly into drill holes at mining or construction sites using specialized trucks. They are preferred for large-scale blasting operations due to their cost-effectiveness, ease of handling, and adaptability to various ground conditions. For instance, in April 2024, Epiroc, a Sweden-based mining technology leader, launched its EcoBlast range of bulk explosives specifically developed for wet and challenging blast hole environments. EcoBlast incorporates bio‑based ingredients and reduces nitrate leaching, offering a more environmentally friendly solution while maintaining reliable blasting performance across different ground conditions. This innovation supports the industry's move toward sustainability by minimizing environmental impact and improving safety.

In May 2025, Apollo Micro Systems Limited, an India‑based company specializing in the design, development, assembly, and testing of electronic and electro‑mechanical systems, acquired IDL Explosives Limited for $12.17 million. This acquisition enables Apollo to integrate explosives manufacturing into its defense supply chain, expanding its product portfolio across artillery, missile, and other high‑impact weapon systems. IDL Explosives Limited is an India‑based manufacturer of industrial‑grade explosives serving the mining and infrastructure sectors.

Major companies operating in the explosives and pyrotechnics market are BAE Systems Munitions Ltd, Thales Group SA, Rheinmetall AG, Hanwha Corporation, Orica Mining Services Pty Ltd., Austin Powder Company Inc., Dyno Nobel Inc., Solar Industries India Ltd, General Dynamics Ordnance and Tactical Systems (GD-OTS) Inc., Chemring Group PLC, EPC Groupe, Société Suisse des Explosifs (SSE) SA, Howard & Sons Pyrotechnics Pty Ltd, Pyro Spectaculars by Souza Inc., Zambelli Fireworks Inc., AEL Mining Services (Pty) Ltd, Vasantha Fireworks, Jorge Fireworks Inc., WECO Feuerwerk GmbH, Pirotecnia Igual S.A.

Asia-Pacific was the largest region in the explosives and pyrotechnics market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the explosives and pyrotechnics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on chemical raw materials, detonator components, and pyrotechnic devices have increased production costs and slowed cross-border distribution for the explosives and pyrotechnics market. Mining and construction segments in Asia-Pacific and Latin America are especially impacted due to their high import reliance. Conversely, defense-focused regions such as North America and Europe benefit from local manufacturing incentives and reduced foreign competition. As a result, companies are shifting toward domestic sourcing and strategic supply diversification to mitigate tariff burdens.

The explosives and pyrotechnics market research report is one of a series of new reports that provides explosives and pyrotechnics market statistics, including the explosives and pyrotechnics industry global market size, regional shares, competitors with the explosives and pyrotechnics market share, detailed explosives and pyrotechnics market segments, market trends, and opportunities, and any further data you may need to thrive in the explosives and pyrotechnics industry. This explosives and pyrotechnics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Explosives and pyrotechnics are chemical substances that rapidly release energy, producing heat, pressure, light, sound, or smoke. They serve destructive purposes like blasting and demolition, as well as controlled applications such as fireworks and flares.

The primary products in the explosives and pyrotechnics category include blasting agents, propellants, pyrotechnics, and other related materials. Blasting agents are low-sensitivity chemical mixtures mainly used for breaking rock and soil in fields like mining and construction. Pyrotechnics are classified into various types depending on their use, including proximate pyrotechnics, consumer pyrotechnics, display pyrotechnics, among others. These products serve a range of end users, such as mining, construction, military, entertainment, consumer markets, and more.

The countries covered in the explosives and pyrotechnics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The explosives and pyrotechnics market consists of sales of high-energy explosives, fireworks, flares, and other reactive chemical compounds. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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