Research Department Explosive (RDX) Market Size, Share & Trend Analysis Report By Application (Military, Civilian), By Region (North America, Europe), And Segment Forecasts, 2019 - 2030

Research Methodology

A three-pronged approach was followed for deducing the research department explosive (RDX) market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for research department explosive (RDX) market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of research department explosive (RDX) market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Research Department Explosive (RDX) Market Categorization:

The research department explosive (RDX) market was categorized into two segments, namely application (Military, Civilian), and region (North America, Europe).

Segment Market Methodology:

The research department explosive (RDX) market was segmented into applications and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The research department explosive (RDX) market was analyzed at a regional level. The globe was divided into North America, and Europe, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S., Canada, the UK, Germany, France, Italy, Turkey, Spain, Austria, Russia, Bulgaria, Ukraine, Poland, Slovakia, Czech Republic.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Research department explosive (RDX) market companies & financials:

The research department explosive (RDX) market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Eurenco - Eurenco was established in 2004 and is headquartered in Paris, France. The company is engaged in manufacturing and developing energetic materials for commercial and defense markets. Eurenco is a merger between SNPE Matériaux Energétiques (SME) of France and SAAB of Sweden and Patria of Finland. Eurenco was created with a vision to be a leading propellant and explosives company in Europe, drawing on advanced technology and in-depth knowledge of the business. Eurenco operates as a subsidiary of SNPE Eurenco is a leading company for propellants, combustible items, and military explosives. It also provides explosives for the civil sector including mining, oil, and gas perforation. It owns the world’s largest production capacity for 2-EHN (diesel fuel additive).

• Chemring Group PLC - Chemring Group PLC was established in 2007 and is headquartered in Saetre, Norway. It is a specialty chemical company that produces explosives for defense and civilian industries. The company delivers raw materials, with a range of base products including RDX, NTO, HMX, and Alkyl- NENAs. Chemring Group PLC was formerly a part of both Dyno-Nobel and Orica. They export 95% of their products. Its certifications include AQAP 2110 (ISO 9001), ISO 14001 OHSAS 18001. Chemring Nobel has a production plant located in Sætre, Norway. It is one of Norway’s oldest industrial areas, established in 1876. The property covers approximately 90 acres. They have more than 35 buildings including explosive storage approval. The products and services are manufactured and developed from sites located in the U.S., UK, Australia, and Norway.

• Prva Iskra Namenska a.d. - Prva Iskra- Namenska A.D. was established in 1938 and is headquartered in Belgrade, Serbia. The company is engaged in development and manufacturing of various octogen, hexogen, penthrite, and trinitrotoluene explosives for defense industrial applications. It provides high explosives to the Ministry of Defense of Serbia and the Ministry of Defense of foreign countries. The company provides warehousing of all types of explosives and supplies additional equipment too. Prva Iskra- Namenska a.d. has been granted ISO 9001:2008 issued by Serbian Military Quality Control.

• BAE Systems - BAE Systems was established in 1999 and is headquartered in London, UK. It is a multinational defense, security, and aerospace company. BAE Systems develop, engineers, manufactures, and supports products and systems to deliver military capability, protect national security and people, and keep critical information and infrastructure secure. They have key markets across the globe in Australia, India, Saudi Arabia, the United Kingdom, and the United States. BAE Systems cover everything from intelligence gathering to armored vehicles to electronic warfare. They are into the following segments: BAE Systems Applied Intelligence, BAE Systems Australia (supply communications, military air support, air defense, electronic warfare systems), BAE Systems Saudi Arabia (IT, logistics, naval sectors), Electronic Systems, Intelligence and Security, Platforms and Services, Maritime, Military Air and Information, Regional Aircraft, and Shared Services.

• Nitro Chem SA - Nitro Chem SA was established in 1992 and is headquartered in Bydgoszcz, Poland. It transformed into a joint stock company after two years of establishment. Nitro Chem implemented its quality management system in accordance with the requirement is ISO 9001 and AQAP 2110 in 2003. Nitro Chem is ISO and AQAP certified. The company offers explosives, ammunition and development services, shot blasts and plastic foils.

• Austin Powder - Austin Powder was established in 1833 and is headquartered in Ohio, U.S. It manufactures and distributes industrial explosives and accessories and provides blasting services to quarrying, mining, construction, and seismic industries throughout North America and internationally. Austin Powder offers electric detonators, electronic detonators, non-electric detonators, spark ignition detonators, components for the production of detonators, pills and palms, and blasting aids. Austin Powder also provides blasting consultation and blast design services, delivery services to customers who do the blasting themselves, blasting services to the quarrying industry; and pre-blast, blast, and post-blast services to the construction industry. More than 95% of its output is exported around the world. It has manufacturing units in McArthur, Ohio; Brownsville, Texas; Camden, Arkansas; and Valle Hermosa, Mexico.

• EPC Groupe - EPC Groupe was established in 1893 and is headquartered in Paris, France. The company is engaged in explosives manufacturing, storage, and distribution. In addition, it is involved in drilling and blasting services. The company can produce approximately 145 kilo tons of explosives per year and operates through 40 subsidiaries across 20 countries. The company started its UK operations in 1905, under a wholly-owned subsidiary EPC-UK. In the UK, the EPC operates out of two sites in Derbyshire and Essex. Its offerings in the UK include blasting services, explosives, additives, defense & security services, and logistics.

• LSB Industries - LSB Industries was established in 1968 and is headquartered in Oklahoma, U.S. The company is engaged in the manufacturing of chemical products for the agricultural, mining, and industrial sectors. The company’s businesses are segmented into chemicals and engineered products, wherein the chemicals segment produces ingredients, such as ammonium nitrate, that are used in explosives for mining. The company operates through its manufacturing facilities in Cherokee, Alabama; El Dorado, Arkansas; Pryor, Oklahoma; and Baytown, Texas.

• Ensign-Bickford Industries, Inc. - Ensign-Bickford Industries, Inc. was established in 1938 and is headquartered in Belgrade, Serbia. The company is engaged in the manufacturing of hardware and energetic systems for the defense, space aviation, and industrial sectors. Its portfolio includes explosives, actuators, detonators, slip-on boosters, assembly kits, vehicle protection, and ordnance systems among others. In addition, the company also provides services pertaining to Load, Assemble, & Pack, and testing operations. The company has manufacturing facilities located in Graham, New York; Moorpark, California.

• Dyno Nobel - Dyno Nobel was established in 1865 and is headquartered in Santiago, Chile. It is a wholly-owned subsidiary of Incitec Pivot. The company is engaged in the manufacturing of explosives for coal & metal mining, quarrying, oil & gas, and construction sectors. The company has an operational presence in the Americas and Asia through its SBUs namely Dyno Nobel Americas and Dyno Nobel Asia Pacific. The company's product portfolio includes ammonium nitrate, bulk explosives, packaged emulsions, electric & non-electric detonators, dynamites, electronic detonators, cast boosters, detonating cords, and seismic explosives. Dyno Nobel has over two million tons of ammonium nitrate production capacity, which is further consumed in captivity by the company for explosive manufacturing.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Research Department Explosive (RDX) Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2018, historic information from 2014 to 2017, and forecast from 2019 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Research Department Explosive (RDX) Market Report Assumptions:

• The report provides market value for the base year 2018 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.