Global Research Department Explosive Market Size & Outlook

The global research department explosive market size was estimated at USD 11,057.1 million in 2024 and is projected to reach USD 13,918.9 million by 2030, growing at a CAGR of 3.3% from 2025 to 2030.
Revenue, 2024 (US$M)
$11,057.1
Forecast, 2030 (US$M)
$13,918.9
CAGR, 2025 - 2030
3.3%
Report Coverage
Worldwide

Global research department explosive market highlights

  • The global research department explosive market generated a revenue of USD 11,057.1 million in 2024 and is expected to reach USD 13,918.9 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 3.3% by 2030.
  • In terms of segment, military accounted for a revenue of USD 9,239.2 million in 2024.
  • Civilian is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2024.
  • Country-wise, India is expected to register the highest CAGR from 2025 to 2030.

Global data book summary

Market revenue in 2024USD 11,057.1 million
Market revenue in 2030USD 13,918.9 million
Growth rate3.3% (CAGR from 2025 to 2030)
Largest segmentMilitary
Fastest growing segmentCivilian
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMilitary, Civilian

Other key industry trends

  • In terms of revenue, the North America accounted for 32.1% of the global research department explosive market in 2024.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, India is the fastest growing regional market and is projected to reach USD 516.4 million by 2030.

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Research Department Explosive Market Companies

Name Profile # Employees HQ Website
Dyno Nobel View profile 1001-5000 Salt Lake City, Utah, United States, North America http://www.dynonobel.com
Ensign-Bickford Industries View profile 1001-5000 Denver, Colorado, United States, North America http://www.ensign-bickfordind.com/
EPC Groupe View profile 1001-5000 Paris, Ile-de-France, France, Europe http://www.epc-groupe.com/
Sadhana Nitro Chem Ltd. View profile 51-100 Mumbai, Maharashtra, India, Asia http://www.sncl.com
Chemring Group View profile 1001-5000 Romsey, Hampshire, United Kingdom, Europe https://www.chemring.com
Eurenco View profile 501-1000 Sorgues, Provence-Alpes-Cote d'Azur, France, Europe https://eurenco.com/
Austin Powder View profile 501-1000 Cleveland, Ohio, United States, North America https://www.austinpowder.com
LSB Industries Inc View profile 586 3503 North West 63rd Street, Suite 500, Oklahoma City, OK, United States, 73116 https://www.lsbindustries.com
BAE Systems PLC View profile 99800 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD https://www.baesystems.com

Global research department explosive market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to research department explosive market will help companies and investors design strategic landscapes.


Military was the largest segment with a revenue share of 83.56% in 2024. Horizon Databook has segmented the Global research department explosive market based on military, civilian covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Research Department Explosive Application Outlook (Revenue, USD Million, 2018-2030)
    • Military
      • Melt Cast & Pressed Explosives
      • Cast PBX
      • Pyrotechnics
      • Others
    • Civilian
      • Fireworks
      • Demolition Blocks
      • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global research department explosive market , including forecasts for subscribers. This global databook contains high-level insights into Global research department explosive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global research department explosive market size, by regions, 2018-2030 (US$M)

Top 10 countries: Research department explosive market size, 2024 (US$M)

Global research department explosive market share, by application, 2024 & 2030 (%, US$M)

Research department explosive market: Opportunity assessment by country

Global research department explosive market, by region, 2024 (US$M)

Global research department explosive market size, by regions, 2018-2030 (US$M)

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