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.
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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
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,157.00 Million |
| Market Size by 2027 | US$ 1,397.16 Million |
| Global CAGR (2020 - 2027) | 2.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| 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
- Excel Dataset
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
US, Canada, Brazil, Argentina
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