Industry Analysis & Industry Trends
The Explosives Manufacturing industry makes various explosive and pyrotechnic products used for blasting, lighting, signalling and entertainment. It also produces propellant powders. Demand for these products largely comes from coal mines and stone quarries, which use explosives in their extracting processes. Demolition experts use the industry's products to level structures. Commercial entertainment firms that put on fireworks displays or administer pyrotechnics in stage productions are another key source of demand.
Early in the past five-year period, the Explosives Manufacturing industry suffered as mining activity deteriorated and demand from stone quarries remained weak... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry is in the mature phase of its life cycle, with a small number of players operating in fairly well-established product and market segments. This includes traditional packaged and bulk explosives, commercial fireworks and marine pyrotechnics, all of which cater to clearly defined markets with little or no overlap. The value that the industry adds to the overall economy is expected to rise by 1% over the decade through 2021-22, compared with GDP growth of 2.3% over the same period.
Industry growth has been constrained by the depressed nature of many of its segments, such as mining. In the case of explosives used in civil construction, namely for demolition, there is a direct correlation between consumption of explosives and civil works. Sim.. purchase to read more