Explosives and Pyrotechnics Market to Cross USD $23 Billion by 2025: Global Market Insights, Inc.

SELBYVILLE, Del., July 15, 2019 /PRNewswire/ — The explosives and pyrotechnics market is poised to rise from $17 billion in 2018 to over $23 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Strengthened by rising mining activities in countries such as the U.S., Indonesia, China, South Africa and many others, the global explosives market is anticipated to achieve significant growth rates in the near future. However, the pyrotechnics market is expected to be driven by growing fireworks shows and events at various festivals, occasions and sports events. Increasing coal mining activities to fulfill power generation needs is the major factor influencing the market’s growth.