Pyrotechnics Segment to Dominate Europe research department explosive (RDX) Market during 2019–2027

According to a new market research study on “Europe Research Department Explosive (RDX) Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by type, application and country,” is expected to reach US$ 1,875.39 Mn by 2027 from US$ 1,483.55 Mn in 2019. The market is estimated to grow at a CAGR of 3.1% from 2020 to 2027. The report provides trends prevailing in the Europe research department explosive (RDX) market along with the drivers and restraints pertaining to the market growth. Increased spending on defense & military applications and application of RDX in mining and construction industry are the major factors driving the growth of the Europe research department explosive (RDX) market. However, rigid regulatory framework may hinder the growth of Europe research department explosive (RDX) market.

The market for Europe research department explosive (RDX) is segmented into type, application, and country. Based on type, the market is segmented into explosives, pyrotechnics, and others. In 2019, the pyrotechnics segment held the largest share in Europe research department explosive (RDX) market. On the basis of application, the market is segmented into military and civilian. The military segment contributed a substantial share in the 2019. Furthermore, in this present scenario of COVID 19 pandemic, the Europe research department explosive (RDX) market has been facing difficulties and several countries have suffered heavily. Germany, France, Italy, Russia and UK are some of the countries that have incurred a huge loss. The chemicals and materials sectors in the countries mentioned above have been experiencing low production and a weak supply chain.

Bae Systems, Chemring Group PLC, Austin Powder Company, Nitro-Chem SA, Ensign-Bickford Industries, Inc., Eurenco, Orica Limited and Prva Iskra Namenska AD are among the leading companies in the Europe research department explosive (RDX) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the Europe Research Department Explosive (RDX) market as follows:

• Explosives
• Pyrotechnics
• Others

• Military
• Civilian

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe