Report : South America Research Department Explosive (RDX) Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Explosives, Pyrotechnics and Others), Application (Military and Civilian)
Pyrotechnics Segment to Dominate South America research department explosive (RDX) Market during 2019–2027
According to a new market research study on “South America 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$ 1,397.16 Mn by 2027 from US$ 1,157.00 Mn in 2019. The market is estimated to grow at a CAGR of 2.5% from 2020 to 2027. The report provides trends prevailing in the South America research department explosive (RDX) market along with the drivers and restraints pertaining to the market growth. Incrementing spending on defense & military applications and rise in the use of RDX in mining and construction industry are the major factors driving the growth of the South America research department explosive (RDX) market. However, stringent regulatory framework with respect to research department explosive may hinder the growth of South America research department explosive (RDX) market.
The market for South America 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 South America 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 South America research department explosive (RDX) market has been facing difficulties and several countries have suffered heavily. Brazil and Argentina 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, Austin Powder Company, Prva Iskra – Namenska A.D, Ensign-Bickford Industries, Inc. and Orica Limited are among the leading companies in the South America 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 South America Research Department Explosive (RDX) market as follows:
South America Research Department Explosive (RDX) Market – By Type- Explosives
- Pyrotechnics
- Others
- Military
- Civilian
- Brazil
- Argentina
- Rest of South America