India Explosives & Pyrotechnics Market | Companies, Analysis, Share, Size, Outlook, Industry, Revenue, Growth, Trends, Forecast, COVID-19 IMPACT & Value

India ExplosivesPyrotechnics Market Synopsis

The India explosives and pyrotechnics market is expected to grow at a CAGR of 8.4% from 2023 to 2029, owing to increasing demand for explosives & pyrotechnics in industrial applications such as mining (blasting operations), defense, and consumer fireworks. Furthermore, the growing focus on infrastructure development and upgradation will create ample opportunities for manufacturers in this sector over the forecast period.

Market Drivers

Increasing population coupled with rising urbanization has resulted in increased demand for minerals which are used as raw materials by various industries such as steel production, construction, automotive etc., resulting in an increase of mining activities worldwide. This has subsequently led to an upsurge in the need for explosives & pyrotechnics used during mine blasting operations on large scale basis. Additionally, growth in defense expenditure across developing countries has been propelling industry expansion over recent years. Furthermore, technological advancement towards innovative products that provide better safety features coupled with increasing availability of non-explosive demolition agents have contributed significantly towards boosting overall profitability prospects within industry landscape.

Challenges of the Market

Stringent government regulations regarding safe usage and storage of explosive material hampers growth potential among new entrants into the market space while posing considerable challenges toward existing participants due to high compliance costs associated with these laws. In addition to this higher risk related factors including environmental hazards caused by improper handling of explosive material might cause negative implications upon revenue generation margins among market players operating within this domain thereby limiting their business scope substantially over long term timeline.

Key Players in the Market

Some major players operating within India Explosives & Pyrotechnic Market include Orica Limited; Austin Powder Co.; Dyno Nobel Asia Pacific Pte Ltd.; AEL Mining Services; EPC Groupe SA; BME Group; Enaex S.A ; Solar Industries India Ltd.; Gujarat State Fertilizers Chemicals Ltd.; Maxam Corp International SLU

Key Highlights of the Report:

• India Explosives & Pyrotechnics Market Outlook
• Market Size of India Explosives & Pyrotechnics Market, 2023
• Forecast of India Explosives & Pyrotechnics Market, 2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Revenues & Volume for the Period 2020-2030
• India Explosives & Pyrotechnics Market Trend Evolution
• India Explosives & Pyrotechnics Market Drivers and Challenges
• India Explosives & Pyrotechnics Price Trends
• India Explosives & Pyrotechnics Porter's Five Forces
• India Explosives & Pyrotechnics Industry Life Cycle
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Products for the Period 2020-2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Blasting agents for the Period 2020-2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Propellants for the Period 2020-2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Pyrotechnics for the Period 2020-2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Mining for the Period 2020-2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Construction for the Period 2020-2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Military for the Period 2020-2030
• Historical Data and Forecast of India Explosives & Pyrotechnics Market Revenues & Volume By Others for the Period 2020-2030
• India Explosives & Pyrotechnics Import Export Trade Statistics
• Market Opportunity Assessment By Products
• Market Opportunity Assessment By Application
• India Explosives & Pyrotechnics Top Companies Market Share
• India Explosives & Pyrotechnics Competitive Benchmarking By Technical and Operational Parameters
• India Explosives & Pyrotechnics Company Profiles
• India Explosives & Pyrotechnics Key Strategic Recommendations