The Research Department Explosive (Rdx) Market is estimated at USD 9,361 million in 2023. Further, the market is expected to grow from USD 9,674 million in 2024 to USD 12,071 million in 2031 at a CAGR of 3.2%.
Research Department Explosive (Rdx) Market Overview
RDX (Research Department Explosive) is also known as cyclonite or hexogen. It is a hard, white, crystalline, powerful, explosive compound highly stable and insensitive to shock, heat, and friction. RDX is a military explosive, commercial blasting, and demolition agent component. As a military explosive, RDX mixed with another explosive, such as TNT, to form cyclotols, which produce a bursting charge for aerial bombs, mines, and torpedoes.
RDX is also used in some industrial applications, such as in the mining industry's blasting of rocks and minerals. RDX is used in the demolition of buildings and structures. The material is used to bring down buildings and structures controlled and safely, minimizing the risk of damage to surrounding areas. RDX is sometimes used in sporting events, such as fireworks displays, to create explosive effects and enhance the visual spectacle.
Latest Trends in the Research Department Explosive (Rdx) Market
Rising Expenditure in the Military & Defense Sector:
Governments all around the globe are increasing their expenditure on the military, defense weaponry, and ammunition to security concerns and the need to defend national borders and expand borders. In 2022, the global military expenditure increased by 3.7% to reach a new high of $2240 Billion. In Europe, the military expenditure saw its steepest year-on-year increase in at least 30 years. In 2022, the top three largest spenders on military & defense applications included the U.S., China, and Russia, which accounted for 56% of the world total. Military personnel typically use RDX as a bursting charge for aerial bombs, mines, and torpedoes and an incorrect charge for detonating devices.
Countries worldwide invest in modernizing their armed forces, which drives the demand for advanced ammunition and explosives. This includes the development and production of high-performance munitions that incorporate RDX. Among other military uses, RDX is used in bombs, ammunition, and warheads. Furthermore, the increase in the number of terror attacks in different countries has led them to increase the spending on military and defense applications, which drives the growth of the RDX market.
Driving Factors
Rapid Growth in Mining Industry & Increased Mining Activities:
Minerals like copper, tin, zinc, iron ore, gold, bauxite, titanium, and nickel are mined using explosives like RDX. In recent years, rising oil and gas extraction activities across the globe, particularly in emerging economies, have significantly accelerated the demand for high-performance explosives. Governments in the BRICS nations have also increased expenditure on infrastructure development, significantly raising the need for metals and facilitating mining activities.
Over the coming years, product demand is anticipated to be driven by the prevalence of large mining firms. The desire for alternative energy sources has increased globally, which has led to an explosion in the popularity of mining activities and the need for high-performance explosives. Major players in the chemical and explosive production sectors are keener to offer enhanced RDX and explosive systems that influence locations. Global market expansion has benefited from the creation of improvised explosive devices for mining and other industries.
Market Challenges
Environmental Concerns & Risk of Exposure to RDX:
RDX is a potential environmental pollutant that can contaminate soil and water. During the manufacturing process of RDX, emissions of volatile organic compounds and other hazardous chemicals can contribute to air pollution and may contribute to the formation of smog. Discharge of RDX-containing wastewater from manufacturing facilities or military sites can contaminate surface water bodies, affecting aquatic ecosystems and potentially reaching downstream communities.
RDX affects mainly the nervous system and can cause seizures in humans and animals when large amounts are breathed in or ingested. Central environmental authorities, such as the U.S. EPA, for the storing, handling, and transporting of RDX have established strict guidelines. According to EPA, exposure to RDX in drinking water at concentrations of up to 0.1 mg/L for up to ten days and lifetime exposure to 0.002 mg/L RDX in drinking water is not expected to cause adverse effects. The risk of accidental explosions during production, transportation, and storage necessitates stringent safety measures and protocols. The need for specialized facilities and expertise to handle RDX safely can restrain the RDX market players.
Companies Mentioned
BAE SYSTEMS PLC
CHEMRING GROUP PLC
EPC Groupe
Orica Limited
Dyno Nobel
|
Report Scope |
Details |
|
Market Value- $ Million,2023 |
9,361 |
|
Market Growth (Value), (2024-2030)- % |
3.2 |
|
Leading Region |
Xx |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2031 |
|
Segments Covered |
By Type, By Use, By Application, By Sales |
|
Geography Covered |
North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa |
Market Segmentation
Research Department Explosive (Rdx) Market, By Type
- Explosives
- Pyrotechnics
- Others
Research Department Explosive (Rdx) Market, By Use
- Pure RDX
- Composites
Research Department Explosive (Rdx) Market, By Application
- Military
- Civilian
Research Department Explosive (Rdx) Market, By Sales
- Domestic
- International
Research Department Explosive (Rdx) Market, by Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Vietnam, Rest of APAC)
- The Middle East and Africa (Saudi Arabia, South Africa, UAE, Iran, Egypt, Rest of MEA)
- South and Central America (Brazil, Argentina, Chile, Rest of SCA)
TABLE OF CONTENTS
1. GLOBALRDXINDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions
2. RDX MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2023-2031
2.1. Global RDX Prices
2.2. RDX Market Latest Trends
2.2.1. Rising Expenditure in the Military & Defense Sector:
2.2.2. Strategic Partnerships & Collaborations Between Key Players:
2.2.3. Technological Breakthroughs, Advanced Propellants & Green Explosive Technology:
2.2.4. Explosive Growth of RDX in Pyrotechnics Segment:
2.2.5. High Demand for RDX in Different Application Areas:
2.3. RDX Market Insights, 2023-2031
2.3.1. Leading RDX Type, 2023-2031
2.3.2. Leading RDX Use, 2023-2031
2.3.3. Dominant RDX Application, 2023-2031
2.3.4. Leading RDX Sales Channel, 2023-2031
2.3.5. Fast-Growing Geographies for RDX, 2023-2031
2.4. RDX Demand Drivers to 2031
2.4.1. Rapid Growth in Mining Industry & Increased Mining Activities:
2.4.2. Increase in Terrorist Activities & Security Concerns Across the Globe:
2.4.3. Advancements in the Defense Industry:
2.4.4. Rise in Investments in Infrastructure Development:
2.5. RDX Challenges to 2031
2.5.1. Environmental Concerns & Risk of Exposure to RDX:
2.5.2. Availability of Multiple Methods for Extraction and Blasting:
2.5.3. Strict Regulatory Framework & Lack of Skilled Workforce:
2.6. RDX Market-Five Forces Analysis
3. GLOBAL RDX MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
3.1. Global RDX Market Overview, 2023
3.2. Global RDX Market Size and Share Outlook, By Type, 2023-2031
3.2.1. Explosives
3.2.2. Pyrotechnics
3.2.3. Other Type
3.3. Global RDX Market Size and Share Outlook, By Use, 2023-2031
3.3.1. Pure RDX
3.3.2. Composites
3.4. Global RDX Market Size and Share Outlook, By Application, 2023-2031
3.4.1. Military
3.4.2. Civilian
3.5. Global RDX Market Size and Share Outlook, By Sales Channel, 2023-2031
3.5.1. Domestic
3.5.2. International/Export
3.6. Global RDX Market Size and Share Outlook by Region, 2023-2031
4. NORTH AMERICA RDX MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
4.1. North America RDX Market Overview, 2023
4.2. North America RDX Market Size and Share Outlook By Type, 2023-2031
4.3. North America RDX Market Size and Share Outlook By Use, 2023-2031
4.4. North America RDX Market Size and Share Outlook, By Application, 2023-2031
4.5. North America RDX Market Size and Share Outlook By Sales Channel, 2023-2031
4.6. North America RDX Market Size and Share Outlook by Country, 2023-2031
4.6.1. United States
4.6.2. Canada
4.6.3. Mexico
5. EUROPE RDX MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
5.1. Europe RDX Market Overview, 2023
5.2. Europe RDX Market Size and Share Outlook By Type, 2023-2031
5.3. Europe RDX Market Size and Share Outlook By Use, 2023-2031
5.4. Europe RDX Market Size and Share Outlook, By Application, 2023-2031
5.5. Europe RDX Market Size and Share Outlook By Sales Channel, 2023-2031
5.6. Europe RDX Market Size and Share Outlook by Country, 2023-2031
5.6.1. Germany
5.6.2. France
5.6.3. UK
5.6.4. Italy
5.6.5. Spain
5.6.6. Rest of Europe
6. ASIA PACIFIC RDX MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
6.1. Asia Pacific RDX Market Overview, 2023
6.2. Asia Pacific RDX Market Size and Share Outlook By Type, 2023-2031
6.3. Asia Pacific RDX Market Size and Share Outlook By Use, 2023-2031
6.4. Asia Pacific RDX Market Size and Share Outlook, By Application, 2023-2031
6.5. Asia Pacific RDX Market Size and Share Outlook By Sales Channel, 2023-2031
6.6. Asia Pacific RDX Market Size and Share Outlook by Country, 2023-2031
6.6.1. China
6.6.2. Japan
6.6.3. South Korea
6.6.4. India
6.6.5. Rest of Asia Pacific
7. SOUTH AND CENTRAL AMERICA RDX MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
7.1. South and Central America RDX Market Overview, 2023
7.2. South and Central America RDX Market Size and Share Outlook By Type, 2023-2031
7.3. South and Central America RDX Market Size and Share Outlook By Use, 2023-2031
7.4. South and Central America RDX Market Size and Share Outlook, By Application, 2023-2031
7.5. South and Central America RDX Market Size and Share Outlook By Sales Channel, 2023-2031
7.6. South and Central America RDX Market Size and Share Outlook by Country, 2023-2031
7.6.1. Brazil
7.6.2. Argentina
7.6.3. Rest of South and Central America
8. MIDDLE EAST AFRICA RDX MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
8.1. Middle East Africa RDX Market Overview, 2023
8.2. Middle East Africa RDX Market Size and Share Outlook By Type, 2023-2031
8.3. Middle East Africa RDX Market Size and Share Outlook By Use, 2023-2031
8.4. Middle East Africa RDX Market Size and Share Outlook, By Application, 2023-2031
8.5. Middle East Africa RDX Market Size and Share Outlook By Sales Channel, 2023-2031
8.6. Middle East Africa RDX Market Size and Share Outlook by Country, 2023-2031
8.6.1. Middle East
8.6.2. Africa
9. RDX MARKET STRUCTURE
9.1. BAE SYSTEMS PLC
9.2. CHEMRING GROUP PLC
9.3. EPC Groupe
9.4. Orica Limited
9.5. Dyno Nobel
10. APPENDIX
10.1. About Us
10.2. Sources
10.3. Research Methodology
10.4. Research Process
10.5. Research Execution
10.6. Contact Informatio
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