Product Code: GVR-1-68038-186-3
Explosives & Pyrotechnics Market Growth & Trends:
The global explosives & pyrotechnics market size is expected to reach USD 40.87 billion by 2030, registering a CAGR of 4.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The global explosives and pyrotechnics market is expected to grow significantly over the forecast period on account of increasing use of the product in construction and mining activities.
Rising number of projects for infrastructure development in Asia Pacific is expected to drive the demand for explosives as a blasting agent. Increasing government spending for infrastructure development in Asia Pacific and the Middle East on account of increasing domestic output is expected to play a significant role in amplifying construction activities in these regions.
In 2022, Asia Pacific contributed to approximately 47.0% of the total global construction spending. Also, the development of new construction and building projects in Asia is likely to boost market growth.
Explosives & Pyrotechnics Market Report Highlights:
- The pyrotechnics segment accounted for the largest revenue share of 43.7% in 2024. It is expected to grow at the fastest CAGR of 4.5% over the forecast period
- Based on application, the explosives market is segmented into mining, construction, military, and others. The mining segment accounted for the largest revenue share of 72.5% in 2025.
- Asia Pacific dominated the explosives and pyrotechnics market and accounted for the largest revenue share of 47.6% in 2024 and is expected to grow at the fastest CAGR of 4.9% over the forecast period
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2024 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Explosives & Pyrotechnics Market Variables, Trends & Scope
- 3.1. Market Lineage/Ancillary Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Regulatory Framework
- 3.3.1. Analyst Perspective
- 3.3.2. Regulations & Standards
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Business Environmental Analysis: Explosives & Pyrotechnics Market
- 3.5.1. Porter's Five Forces Analysis
- 3.5.1.1. Bargaining Explosives & Pyrotechnics of Suppliers
- 3.5.1.2. Bargaining Explosives & Pyrotechnics of Buyers
- 3.5.1.3. Threat of Substitution
- 3.5.1.4. Threat of New Entrants
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTLE Analysis
- 3.5.2.1. Political Landscape
- 3.5.2.2. Economic Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technology Landscape
- 3.5.2.5. Environmental Landscape
- 3.5.2.6. Legal Landscape
- 3.6. Market Disruption Analysis
Chapter 4. Explosives & Pyrotechnics Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2024 & 2030
- 4.3. Global Explosives & Pyrotechnics Market By Product, 2018 - 2030 (USD Million)
- 4.4. Blasting agents
- 4.4.1. Explosives & Pyrotechnics Market Estimates And Forecasts, by Blasting agents 2018 - 2030 (USD Million)
- 4.5. Propellants
- 4.5.1. Explosives & Pyrotechnics Market Estimates And Forecasts, by Propellants, 2018 - 2030 (USD Million)
- 4.6. Pyrotechnics
- 4.6.1. Explosives & Pyrotechnics Market Estimates And Forecasts, by Pyrotechnics, 2018 - 2030 (USD Million)
- 4.7. Other Products
- 4.7.1. Explosives & Pyrotechnics Market Estimates And Forecasts, by Other Products, 2018 - 2030 (USD Million)
Chapter 5. Explosives Market: Explosives Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Explosives Application Movement Analysis & Market Share, 2024 & 2030
- 5.3. Global Explosives Market By Explosives Application, 2018 - 2030 (USD Million)
- 5.4. Mining
- 5.4.1. Explosives Market Estimates And Forecasts, by Mining 2018 - 2030 (USD Million)
- 5.5. Construction
- 5.5.1. Explosives Market Estimates And Forecasts, by Construction, 2018 - 2030 (USD Million)
- 5.6. Mining
- 5.6.1. Explosives Market Estimates And Forecasts, by Mining, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Explosives Market Estimates And Forecasts, by Others, 2018 - 2030 (USD Million)
Chapter 6. Pyrotechnics Market: Pyrotechnics Application Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Pyrotechnics Application Movement Analysis & Market Share, 2024 & 2030
- 6.3. Global Explosives & Pyrotechnics Market By Pyrotechnics Application, 2018 - 2030 (USD Million)
- 6.4. Consumer
- 6.4.1. Pyrotechnics Market Estimates And Forecasts, by Consumer 2018 - 2030 (USD Million)
- 6.5. Proximate
- 6.5.1. Pyrotechnics Market Estimates And Forecasts, by Proximate, 2018 - 2030 (USD Million)
- 6.6. Display
- 6.6.1. Pyrotechnics Market Estimates And Forecasts, by Display, 2018 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Pyrotechnics Market Estimates And Forecasts, by Others, 2018 - 2030 (USD Million)
Chapter 7. Explosives & Pyrotechnics Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Market Share Analysis, 2024 & 2030
- 7.3. North America
- 7.3.1. North America Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. North America Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.3.3. North America Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.3.4. North America Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.3.5. U.S.
- 7.3.5.1. U.S. Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. U.S. Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.3.5.3. U.S. Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.3.5.4. U.S. Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.3.6. Canada
- 7.3.6.1. Canada Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Canada Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.3.6.3. Canada Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.3.6.4. Canada Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.3.7. Mexico
- 7.3.7.1. Mexico Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Mexico Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.3.7.3. Mexico Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.3.7.4. Mexico Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4. Europe
- 7.4.1. Europe Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Europe Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.4.3. Europe Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.4. Europe Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.5. Germany
- 7.4.5.1. Germany Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. Germany Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.4.5.3. Germany Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.5.4. Germany Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.6. UK
- 7.4.6.1. UK Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. UK Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.4.6.3. UK Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.6.4. UK Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.7. France
- 7.4.7.1. France Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. France Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.4.7.3. France Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.7.4. France Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.8. Italy
- 7.4.8.1. Italy Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.8.2. Italy Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.4.8.3. Italy Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.8.4. Italy Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.9. Spain
- 7.4.9.1. Spain Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.9.2. Spain Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.4.9.3. Spain Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.4.9.4. Spain Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Asia Pacific Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Asia Pacific Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.5.3. Asia Pacific Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.5.4. Asia Pacific Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.5.5. China
- 7.5.5.1. China Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. China Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.5.5.3. China Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.5.5.4. China Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.5.6. India
- 7.5.6.1. India Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. India Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.5.6.3. India Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.5.6.4. India Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.5.7. Japan
- 7.5.7.1. Japan Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.5.7.2. Japan Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.5.7.3. Japan Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.5.7.4. Japan Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.6. Latin America
- 7.6.1. Latin America Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Latin America Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.6.3. Latin America Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.6.4. Latin America Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.6.5. Brazil
- 7.6.5.1. Brazil Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Brazil Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.6.5.3. Brazil Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.6.5.4. Brazil Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.6.6. Argentina
- 7.6.6.1. Argentina Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. Argentina Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.6.6.3. Argentina Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.6.6.4. Argentina Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. Middle East & Africa Explosives & Pyrotechnics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.7.2. Middle East & Africa Explosives & Pyrotechnics Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 7.7.3. Middle East & Africa Explosives Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
- 7.7.4. Middle East & Africa Pyrotechnics Market Estimates And Forecasts, By Applications, 2018 - 2030 (USD Million)
Chapter 8. Supplier Intelligence
- 8.1. Kraljic Matrix
- 8.2. Engagement Model
- 8.3. Negotiation Strategies
- 8.4. Sourcing Best Practices
- 8.5. Vendor Selection Criteria
Chapter 9. Competitive Landscape
- 9.1. Key Players, their Recent Developments, and their Impact on Industry
- 9.2. Competition Categorization
- 9.3. Company Market Position Analysis
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping, 2024
- 9.6. Company Listing
- 9.6.1. Orica Limited
- 9.6.1.1. Company Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Material Type Benchmarking
- 9.6.1.4. Strategic Initiatives
- 9.6.2. Dyno Nobel (Incitec Pivot)
- 9.6.2.1. Company Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Material Type Benchmarking
- 9.6.2.4. Strategic Initiatives
- 9.6.3. MAXAM Corp.
- 9.6.3.1. Company Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Material Type Benchmarking
- 9.6.3.4. Strategic Initiatives
- 9.6.4. EPC Groupe
- 9.6.4.1. Company Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Material Type Benchmarking
- 9.6.4.4. Strategic Initiatives
- 9.6.5. AEL Mining Services
- 9.6.5.1. Company Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Material Type Benchmarking
- 9.6.5.4. Strategic Initiatives
- 9.6.6. Sasol Limited
- 9.6.6.1. Company Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Material Type Benchmarking
- 9.6.6.4. Strategic Initiatives
- 9.6.7. ENAEX
- 9.6.7.1. Company Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Material Type Benchmarking
- 9.6.7.4. Strategic Initiatives
- 9.6.8. Hanwha Corporation
- 9.6.8.1. Company Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Material Type Benchmarking
- 9.6.8.4. Strategic Initiatives
- 9.6.9. Solar Industries India
- 9.6.9.1. Company Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Material Type Benchmarking
- 9.6.9.4. Strategic Initiatives
- 9.6.10. Austin Powder Company
- 9.6.10.1. Company Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Material Type Benchmarking
- 9.6.10.4. Strategic Initiatives