The Europe research department explosive (RDX) market is expected to grow from US$ 1,483.55 Mn in 2019 to US$ 1,875.39 Mn by 2027; it is estimated to grow at a CAGR of 3.1% from 2020 to 2027.
Germany, France, Italy, the UK and Russia are major economies in Europe. Europe's research department explosive market will witness significant growth due to high demand in the mining, military, and construction sectors. Europe has matured the construction, mining and defense sector, and it is further supported by high technology connectivity environment. Additionally, the consumers' rising personal disposable income has led to increasing demand for consumer electronic products. These factors boost the research development explosive (RDX) market in Europe. Moreover, the usage of research development explosive (RDX) in mining sector has further propelled the European research development explosive (RDX) market's growth. This is also projected to provide substantial growth opportunities for the key players operating in Europe. Besides these, The rapid expansion of the mining industry as well as the increased spending on military and defense sector is going to drive the RDX market in Europe. 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 Europe research department explosive (RDX) market. The Europe research department explosive (RDX) market is expected to grow at a good CAGR during the forecast period.
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Europe Research Department Explosive (RDX) Market Segmentation
Europe Research department explosive (RDX) Market – By Type
- Explosives
- Pyrotechnics
- Others
Europe Research Department Explosive (RDX) Market – By Application
- Military
- Civilian
Europe Research Department Explosive (RDX) Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Research Department Explosive (RDX) Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,483.55 Million |
| Market Size by 2027 | US$ 1,875.39 Million |
| Global CAGR (2020 - 2027) | 3.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
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