North America Research Department Explosive (RDX) Market is expected to reach US$ 4,376.85 Mn by 2027

Pyrotechnics Segment to Dominate North America research department explosive (RDX) Market during 2019–2027

According to The Insight Partners market research study on “North 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$ 2,087.01 Mn by 2027 from US$ 1,596.31 Mn in 2019. The market is estimated to grow at a CAGR of 3.5% from 2020 to 2027. The report provides trends prevailing in the North America research department explosive (RDX) market along with the drivers and restraints pertaining to the market growth. Rise in spending on defense & military applications and incorporation of RDX in mining and construction industry are the major factors driving the growth of the North America research department explosive (RDX) market. However, rigorous regulatory framework may hinder the growth of North America research department explosive (RDX) market.

The market for North 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 North 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 North America research department explosive (RDX) market has been facing difficulties and several countries have suffered heavily. US, Mexico and Canada 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, Chemring Group PLC, Austin Powder Company, Dyno Nobel, Ensign-Bickford Industries, Inc., Eurenco, Mil-Spec Industries Corporation, Prva Iskra Namenska A.D. and Orica Limited are among the leading companies in the North 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 North America Research Department Explosive (RDX) market as follows:

• Explosives
• Pyrotechnics
• Others

• Military
• Civilian

• US
• Canada
• Mexico