South America Research Department Explosive (RDX) Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Explosives, Pyrotechnics and Others), Application (Military and Civilian)

The South America research department explosive (RDX) market is expected to grow from US$ 1,157.00 Mn in 2019 to US$ 1,397.16 Mn by 2027; it is estimated to grow at a CAGR of 2.5% from 2020 to 2027.

Brazil and Argentina are major economies in South America. South America is another region contributing to the growth of research development explosive (RDX) concerning the diversification of the application base. The continuous developments have had a positive impact on Brazil and Argentina's economy that has advanced to a large extent. The increase in population and continuous advancement in the end-use industries such as construction, mining, defense, and others have positively impacted Brazil and Argentina's research development explosive (RDX) market that has advanced to a large extent. The research development explosive (RDX) market in the South American region is largely driven by the high use of this process by the end-use industries. There has been an increase in the spending on military and defense sector in the South America region. The long-term border disputes, illegal weapons, and drug traffic across the borders are some of the major reasons due to which the countries in South America has to increase their defense spending on border security. The increase in the defense spending will drive the market for RDX in the South America region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America research department explosive (RDX) market. The South America research department explosive (RDX) market is expected to grow at a good CAGR during the forecast period.

South America Research Department Explosive (RDX) Market Segmentation

South America Research department explosive (RDX) Market – By Type

• Explosives
• Pyrotechnics
• Others

South America Research Department Explosive (RDX) Market – By Application

• Military
• Civilian

South America Research Department Explosive (RDX) Market – By Country

• Brazil
• Argentina
• Rest of South America

South America Research Department Explosive (RDX) Report Scope

1. Bae Systems
2. Austin Powder Company
3. Prva Iskra – Namenska A.D
4. Ensign-Bickford Industries, Inc.
5. Orica Limited

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America Research Department Explosive (RDX) market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the South America Research Department Explosive (RDX) market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America Research Department Explosive (RDX) market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution