Market Reports

Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts How does the forecasted CAGR of the explosives industry compare to other sectors? The explosives market size has grown strongly in recent years. It will grow from $6.14 billion in 2024 to $6.68 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing military expenditure, low interest rates, an increase in demand for natural stones and government initiatives towards the mining industry. The explosives market size is expected to see strong growth in the next few years. It will grow to $9.37 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to an increase in territorial and political conflicts, global population growth and urbanization, increasing infrastructure development expenditure by governments and increasing ...